1Wk·

Kraken Robotics reports sales of synthetic aperture sonar and batteries worth 13 million US dollars

$PNG (+1.16%)

ST. JOHN'S, NEW FUNDLAND, Sept. 3, 2025 /GLOBE NEWSWIRE/ - Kraken Robotics Inc. ("Kraken" or the "Company") (TSX-V: PNG, OTCQB: KRKNF) announces that it has received orders valued at $13 million for Synthetic Aperture Sonar (SAS) and underwater batteries. The orders are from customers in the US, Norway and Turkey and include an order for 10 SAS from one customer. The Kraken SAS and SeaPower battery systems from this order will be integrated into four different types of unmanned underwater vehicle (UUV) platforms, ranging in size from small to large.


"Many defense customers prefer Kraken SAS over Sidescan because it provides significantly higher area coverage and consistent high resolution across the board," said Greg Reid, President and CEO of Kraken Robotics. "In contested areas where there is limited time for investigation, Kraken SAS ensures you get broad data sets to identify underwater threats faster and more accurately."


Kraken SAS and SeaPower batteries are platform agnostic and available in various configurations with modular components that can be easily integrated into existing or new platforms. This month, several UUV platforms will be equipped with Kraken SAS and SeaPower batteries as more than 20 countries collaborate on naval missions during the Robotic Experimentation and Prototyping using Maritime Unmanned Systems (REPMUS) exercise in Portugal. Kraken SAS was used to classify over 50 mine-like objects during the month-long exercise last year.


https://www.krakenrobotics.com/news-releases/kraken-robotics-announces-13-million-in-synthetic-aperture-sonar-and-battery-sales/

previw image
16
6 Comments

profile image
Nice course jump! Thanks for your research ✌️
3
profile image
@Klein-Anleger1
Are you still invested?
1
profile image
@Tenbagger2024 Yes, for a few weeks now 😝 I recently switched my strategy from value to growth and bought Kraken Robotics in the process 📈 Have you sold your shares? Or where do you see the stock in two years?
profile image
@Klein-Anleger1
I am still involved.
I continue to see potential in the company.
As long as growth is on track, I will remain invested.
1
profile image
@Tenbagger2024 At what price would you consider buying more? Or are you planning to buy $PNG?
profile image
@mrsalva
My position size is already at 2.5%. And therefore full.
Because I expect a further increase due to the earnings growth of almost 70% per year.
Join the conversation