Got Stocks from QualityStocks Ones To Watch

Got Stocks

Find out which Small-Cap / Micro-Caps should be on your radar. Get the news and information that moves the markets this week and the "Ones to Watch", only at QualityStocks. The "Quality" is Back in Stocks...

Untitled Document

Kraken Robotics, Inc. (KRKNF)

Kraken Robotics, Inc.'s devotion is to the production and sale of software, sensors, and robotic systems for the global Unmanned Maritime Vehicles market. The company's wholly-owned subsidiary is Kraken Robotic Systems, Inc. On September 20, 2017, Kraken Sonar, Inc. announced that it changed its name from Kraken Sonar, Inc. to Kraken Robotics, Inc. Effective Friday, September 22, 2017; it began trading under its new name.

A marine technology company, Kraken Robotics is based in St. John's, NL (Newfoundland and Labrador). The company also has offices in Dartmouth, Nova Scotia; Bremen, Germany; and Fairfax, Virginia.

Kraken Robotics' series of SAS (Synthetic Aperture Sonar) products called AquaPix® leverages close to 20 years of research and development (R&D) conducted by NATO's Undersea Research Centre and millions of dollars in funding support from NATO government sponsors. AquaPix® provides comparable performance to existing high end military systems at a lesser cost.

AquaPix® can provide detailed seabed images with a constant resolution better than 3cm x 3cm out to a range of 300m from each side of an underwater vehicle (600m swath). In addition, it can produce 3D bathymetric data with a resolution better than 25cm x 25cm out to full range. This is while delivering very high depth accuracy, in compliance with IHO S44 special order requirements.

Kraken Robotics has expanded from sensors to complete systems. The company has introduced its KATFISH™ tethered underwater vehicle. Moreover, it has introduced the THUNDERFISH® autonomous underwater vehicle (AUV).

In addition, the company has its AQUATRAK® CVL product. This speed sensor is a derivative of its SAS technology. This product is for the oil and gas sector for ROVs.

Kraken Robotics also has its Kraken SeaVision™ system. This is an inventive new take on subsea 3D laser imaging. The design of it is to operate in a twin scanning configuration, with adjustable baseline. SeaVision can produce very high resolution 3D scans in full color.

Additionally, the company has its DataPod™ product. The design of it is to meet modern data storage requirements for rugged marine applications. DataPod™ combines the user-friendliness of a Network Attached Storage system with the reliability of a RAID array and solid state storage all in one compact unit.

The company's Kraken Robotic Systems subsidiary has entered a strategic partnership with Avitas Systems, a GE Venture. The companies will integrate Autonomous Underwater Vehicles (AUVs), acoustic and laser sensor technology and artificial intelligence-based navigation software into innovative subsea inspection solutions for the oil and gas, offshore renewable energy, and shipping industries.

Recently, Kraken Robotics announced that its German subsidiary, Kraken Robotik GmbH, was named a winner in the Carbon Trust's Offshore Wind Accelerator (OWA) competition. The OWA is a collaborative research and development (R&D) program funded by nine top offshore wind developers and the Scottish Government to lessen the cost of offshore wind energy. Kraken Robotik was one of only four companies selected in the competition.

Kraken Robotics also recently announced that its wholly-owned subsidiary, Kraken Robotic Systems, Inc., was awarded a repeat contract valued at more than C$400,000 by a foremost military customer for its AquaPix® Miniature Synthetic Aperture Sonar system. Because of the confidential nature of the application, the customer's name is not disclosed. The expectation is that delivery will be in Q2 2018.




The QualityStocks

Read the articles covering the biggest movers in the markets today.



Get answers to your questions about investing in Small-Cap / Micro-Cap Stocks markets.


The QualityStocks Daily

Go back to see our previous newsletters and find out what you might have missed.