$PNG (-6.28%)

On Wednesday, Desjardins initiated coverage of Kraken Robotics, a marine technology company that trades on the Canadian Securities Exchange under the ticker symbol PNG:CN and on the OTC market as KRKNF. The firm gave the company's stock a Buy rating with a price target of 3.60 Canadian dollars.

Kraken Robotics is known for its broad range of products and services, including batteries for autonomous underwater vehicles (AUVs), towing systems for underwater surveillance, and sonar and robotic solutions. Desjardins analysts highlighted the company's strategic position in the unmanned defense vehicle market, citing its proprietary technology and strong customer base as key advantages.

The Desjardins analyst also mentioned Kraken Robotics' exclusive stock exchange relationship with Anduril, a defense products company. This relationship offers investors many opportunities for potential gains. However, according to the analyst, current market valuations do not fully account for this upside.

The price target of C$3.60 suggests confidence in Kraken Robotics' prospects and reflects a positive outlook on the company's future performance. The "Average Risk" rating associated with the Buy recommendation indicates a balanced view of the potential risks and rewards associated with the investment.

Desjardins' initiation of coverage on Kraken Robotics comes at a time when the company continues to innovate in the marine technology space, with a focus on unmanned systems that serve defense and commercial purposes. The company's recognition of Kraken's unique market position and potential for investor returns underscores the growing importance of the company in its sector.

$PNG (-6.28%)

KRAKEN ROBOTICS ANNOUNCES THE DEATH OF FOUNDER AND FORMER CEO KARL KENNY

Kraken Robotics Inc. founder and former CEO Karl Kenny passed away on February 11, 2025 at the age of 64. Mr. Kenny founded Kraken in 2012 and was instrumental in building the company into a leading player in underwater robotics during his 10-year tenure before retiring in December 2022.

"Karl was an idea generator and builder whose energy was as tireless as his passion to compete with the bigger players in the industry," said Greg Reid, President and CEO of Kraken Robotics. "He has been an incredible force in driving Kraken to success. On behalf of the board, management and employees, we will sorely miss him."

Mr. Kenny grew up in a small fishing village in Newfoundland and had a deep connection to the sea. During his 45-year career in the marine technology industry, he led the development of a wide range of advanced marine technologies and products in Canada, the United States and Europe.

Mr. Kenny served for a time as a naval officer in the Canadian Navy and was always involved with high technology. He was part of the Microsoft Mouse project team in the 1980's and in the 1990's he founded Telepix, a leading provider of photo e-commerce solutions. In July 2003, he co-founded Marport Deep Sea Technologies Inc. and served as its President and CEO until December 2011. In 2012, Mr. Kenny founded Kraken to commercialize compact, low-cost Synthetic Aperture Sonar technology for unmanned systems.

"Karl's strategic vision and entrepreneurial spirit enabled Kraken, a small Newfoundland start-up, to punch well above our weight class and gain worldwide recognition for our high-resolution Synthetic Aperture Sonar technology," said David Shea, Executive Vice President and CTO (Chief Technology Officer) of Kraken Robotics. "We are grateful for all that Karl has contributed to Kraken and recognize that he leaves a legacy of innovation and excellence that we will carry forward in our work."

About Kraken Robotics Inc.

Kraken Robotics is a marine technology company that provides complex underwater sensors, batteries and robotic systems. Its high-resolution three-dimensional acoustic imaging solutions and services enable customers to address ocean challenges safely, efficiently and sustainably. Kraken Robotics is headquartered in Canada and has offices in North America, South America and Europe. Kraken is ranked as one of the top 100 marine technology companies by Marine Technology Reporter.

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https://www.marinelink.com/news/obituary-karl-kenny-founder-kraken-522318

Today, some Canadian stocks on my list have become a little cheaper.

Do you also have Canadian stocks on your radar?

$ATD (-1.07%)

$CSU (-0.46%)

$DOL (-0.51%)

$DEFI (-5.46%)

$TD (-0.23%)

$PNG (-6.28%)

$PNG (-6.28%)

Hello my dears,

I would like to share a video for all those interested in the transition. Here are some wonderful underwater images from a world of the oceans that is still partly untouched and largely unexplored.

Among other things, the products of octopuses contribute to this exploration. Which is also shown well in the video.

Furthermore, I wish you all a happy new year.

https://youtu.be/txSC2KOuB1E?si=eTMpgLbZGQICPRpu

Hello everyone, due to the volatility on the market, the stop loss was triggered on Defi Technologie and Zeta.

There was an additional buy in Kraken Robotic $PNG (-6.28%)

Brief introduction:

ABOUT KRAKEN ROBOTICS INC.

Kraken Robotics Inc (TSX.V:PNG) (OTCQB: KRKNF) is a marine technology company providing complex underwater sensors, batteries and robotic systems. Our high-resolution 3D acoustic imaging solutions and services enable our customers to meet the challenges in our oceans safely, efficiently and sustainably. Kraken Robotics is headquartered in Canada with offices in North and South America and Europe. Kraken is ranked as one of the top 100 marine technology companies by Marine Technology Reporter.

LINKS:

www.krakenrobotics.com

https://mugglehead.com/de/kraken-robotics-teams-with-seebyte-on-cutting-edge-maritime-system/?amp=1