ST. JOHN’S, Newfoundland and Labrador, Oct. 28, 2020 (GLOBE NEWSWIRE) — Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), Canada’s Ocean Firm, is happy to announce that Quincy, Massachusetts based mostly Dive Applied sciences Inc. (“Dive”) just lately accomplished profitable sea trials of a Massive Displacement Autonomous Underwater Car (LD-AUV) which was powered by Kraken’s strain tolerant batteries. Kraken expects additional contracts with Dive for extra batteries in 2020 and past.
Kraken and Dive Applied sciences entered into an settlement in August 2020 whereby Kraken agreed to provide subsea batteries for the LD-AUV. Beneath the phrases of the settlement, Kraken additionally acquired a license to construct two Dive LD-AUVs to be used in Kraken’s rising Robotics-as-a-Service (RaaS) enterprise. Manufacturing of Kraken’s first Dive LD-AUV is at present underway with the primary unit being manufactured in america. Kraken expects that will probably be delivered to Kraken’s Unmanned Maritime Car Facility in Dartmouth, Nova Scotia for sea trials within the spring of 2021.
Dive is led by an skilled crew of engineers and managers with a historical past of AUV product growth and program administration with the US Navy and main US protection contractors. Dive’s present crew has intensive expertise designing, constructing and working AUVs for home and worldwide business and protection prospects. Dive’s business LD-AUV is designed to assist lengthy period missions at full ocean depths and is uniquely positioned so as to add important worth to Kraken’s Robotics-as-a-Service knowledge assortment enterprise.
Kraken and Dive intend to leverage one another’s experience to convey business main AUV options to the quickly rising subsea knowledge acquisition market. For Dive, the corporate is concentrated on delivering succesful, versatile and dependable giant displacement AUVs to protection and business prospects at an inexpensive worth with main commercial-off-the-shelf expertise from corporations comparable to Kraken. For Kraken, the corporate good points entry to a big diameter, lengthy mission period AUV to be used in Kraken’s rising RaaS enterprise. It needs to be famous that the DIVE LD-AUV is considerably totally different than Kraken’s ThunderFish XL (TFXL) AUV which is being internally developed by Kraken. TFXL is an oblong, hovering AUV being developed for subsea resident functions versus the Dive LD-AUV which is geared in the direction of lengthy vary, lengthy endurance survey missions.
Kraken CEO Feedback
“We’re excited that the Dive Applied sciences’ sea trials had been profitable and we look ahead to working with them as a long run buyer for Kraken’s batteries and sonar expertise but in addition as a strategic accomplice that can allow us each to develop our companies,” mentioned Karl Kenny, Kraken President & CEO. “As we develop the recurring service aspect of our enterprise, we are going to leverage our key in home applied sciences throughout the underwater car worth chain and look to accomplice with different top quality suppliers who can produce with sturdy high quality and at cheap prices. We congratulate Jerry and his wonderful crew at Dive on their current success and we look ahead to working with them.”
DIVE CEO Feedback
“Our crew is extremely excited to be working with Kraken Robotics,” mentioned Jerry Sgobbo, Dive President & CEO. “We’ve got at all times been impressed by the battery and sonar expertise popping out of Kraken. It’s clear to us that they’re an business chief with a dependable observe document, technical pedigree, and general product capabilities that additional Dive’s worth proposition to prospects worldwide. We look ahead to delivering Kraken’s first Dive LD-AUV to Nova Scotia in spring 2021 and to show the total capabilities of our platform in assist of Kraken’s Robotic-as-a-Service enterprise.”
Hyperlink to DIVE-LD Sea Trials Video
ABOUT KRAKEN ROBOTICS INC.
Kraken Robotics Inc. (TSX.V:PNG) (OTCQB: KRKNF) is a marine expertise firm devoted to the manufacturing and sale of software-centric sensors, subsea batteries and thrusters, and underwater robotic methods. The corporate is headquartered in St. John’s, Newfoundland with workplaces in Dartmouth, Nova Scotia; Toronto, Ontario; Bremen & Rostock, Germany; Copenhagen, Denmark; and Boston, Massachusetts. Kraken is ranked as a High 100 marine expertise firm by Marine Expertise Reporter. For extra info, please go to www.krakenrobotics.com, www.krakenrobotik.de, www.krakenpower.de. Discover us on social media on Twitter (@krakenrobotics), Fb (@krakenroboticsinc) and LinkedIn.
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