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Kraken Robotic Systems

Kraken Robotic Systems

Head Office Location in Canada: 

Mount Pearl, NL

Defence related locations/operations within Canada:

Mount Pearl, NL; Dartmouth, NS

Senior officer for Canadian operations:

Greg Reid, President & CEO

Annual Sales: 

$40M

Ticker Symbol:

PNG (TSX)

Number of Employees:

180 Canada; 225 Worldwide

Percentage of business - defence related:

70%

Percentage of business within Canada:

10% (More in 2023 with RMDS Contract)

Current DND Projects:

• $50M RCN Remote Minehunting Disposal System program (Announced late 2022) • Royal Danish Navy- Upgrade of Unmanned MCM Vessels Towed Sidescan systems with Kraken’s SeaScout System • DRDC – This project is focused on the development of a low frequency ultra-wideband Synthetic Aperture Sonar, referred to as Multi-Spectral Synthetic Aperture Sonar • United States Navy- Foreign Comparative Test program for Light Weight Synthetic Aperture Sonar systems • RCN Fleet Diving Unit (Atlantic) – This project is focused on integrating and testing Kraken’s Light Weight Synthetic Aperture Sonar onboard the Navy’s REMUS 100 AUV

Level of investment in R&D:

In 2022, Kraken invested $1.5M net of government funding grants, in R&D.

Primary Activities, products, services:

Products include: • SeaScout System consists of Kraken’s Autonomous Launch and Recovery System, Tentacle Winch, and KATFISH towed vehicle which is equipped with their AquaPix® Synthetic Aperture Sonar and SeaVision 3D underwater laser • SeaPower subsea batteries are 6,000m rated and come in a variety of voltages to fit user requirements.
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