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Kraken's Tentacle winch is a pretty cool looking rig and has a hot spec sheet to back up the beauty
Non-welded aluminum - attractive from a few different aspects
Aluminum cuts like butter with CNC either by mill or waterjet, marine grades are essentially maintenance free in a salt spray environment, and elimination of welding avoids the potential failure points created in a weld
Being highly repeatable, mistakes in replication are unlikely, costs are known
Mine hunting and mapping unexploded ordnance are military jobs that are made much safer by the autonomous operation via SeaScout
The low magnetic signature is important from a safety standpoint (mines usually have magnetic triggers), and from an instrument sensitivity standpoint
My past work brushed up against some EOD projects
Had my fill of it the day a coworker failed to pay attention, wandered to the edge of a marked "safe" path, and stubbed his boot toe on a MARKED unexploded shell
No boom, but the yelling went on for several minutes (military EOD guy was PISSED)
But yeah, back to Kraken, their gear is all 5 star hardware ....
..and it shows
spec
Due for some news and a big gap up
One of the few pictures of the Tentacle winch is in this article
https://oceanexplorer.noaa.gov/technology/development-partnerships/18kraken/welcome.html
katfish picture
https://inside.oceanologyinternational.com/2020/06/09/stay-connected-with-kraken-robotics-systems-inc-through-their-social-platforms/
spec
Ocean Supercluster info -
the whole video is good but you can skim through a lot of it (lots of rah rah hot air)
little nuggets of good stuff though, and the business the whole OSC concept of free enterprize teaming with academics and student energy is a winner, IMO
spec
Kraken/PanGeo at the 26.xx something minute mark
Kraken gettin' a shellacking
sheesh, at least they're in good company on a day like today
spec
Spec: Nice analysis
It's going to be nice when Kraken revenues spool up from the Danish Contract and the digital twinning RAAS
If they have the right stuff (and I think they do) the subsea IMR (inspection, maintenance, and repair) market is yuuuuge
It's all about sustaining the operational status of a massive amount of subsea hardware for it's ENTIRE working lifespan
New construction also needs subsea services and Kraken is uniquely positioning itself to reap the harvest of that segment via the PanGeo acquisition (Thayer Mahan, Deep Ocean, others ... watch your six)
The low frequency SAS in the vertical orientation maximizes the penetration (from the low frequency) and the resolution (from the SAS and other processing)
Kraken has grown from a sensor builder to a systems builder to a sector leading supplier and operator
Knock knock
who's there
Stan
stan who?
Stan Back I don't know how big this is gonna get
Kraken is gonna get big
spec
Kraken getting an uptick in the buying pressure
Considering the guidance and the fruits that should be ripening via the RAAS pipeline, both digital twinning and the expansion into the sub-bottom imaging.... the current market cap of $63M USD is value territory
Sub-bottom geo surveys on a large scale are imminent with offshore wind ramping up, both for piles and cable laying
I suspect the digital twinning to be far more applicable to the maintenance end rather than new construction
Mooring inspections, existing hardware of all types, pre/post repair imaging, 3D mapping "as built", etc
We should start seeing the leading edges of the good numbers as the Katfish and other orders become recognized at their respective milestones, especially the final FAT
Let's hope they stay true to their shareholders and fully develop the value before getting purchased by a behemoth
get Kraken
spec
Not at all
with the current military contracts from various international companies, KRKNF fair market value is 2-3 times the current price
Kraken just needs to validate their position as the provider of the best available technology and services in their field
I think they have it but it needs to show on the earnings reports
spec
Do you think the current PPS is a proper reflection of the company value? I figured it should at least be over .5-0
Probably due to a concern that news of the contract award had leaked before the publication of the PR
If there had been a larger than normal trade volume, it might have led to suspicions of insider trading or people trading on insider tips (same thing really)
Avoid the black clouds of suspicion and the hassle of an investigation
Request a halt before open, put out the PR, resume
Just keeping things fair and avoid losing the trust of current shareholders
It’s also possible that they intended to issue the PR before open but had an error or terminology issue that needed to be sorted out by their legal department
If the news had already spread outside of the company in the overnight hours, it would be a prudent measure to request a halt to ensure a level playing field for traders
spec
so what was the point of the self imposed trading halt
Kraken Robotics : Awarded $7.1 Million of Contracts for Offshore Subsea Inspections
11/23/2021 | 11:40am EST
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St. JOHN'S, NEWFOUNDLAND, November 23, 2021 /GLOBE NEWSWIRE/ - Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), Canada's Ocean Company™, is pleased to announce that its wholly owned subsidiaries Kraken Robotic Systems Inc. and PanGeo Subsea Inc. have been awarded $7.1 million for two contracts from the Newfoundland Offshore Oil and Gas Industry Recovery Assistance (OOGIRA) Fund. The combined projects valued at $9.2 million will be executed from Q4 2021 through Q4 2022. Kraken and PanGeo's inspection and survey platforms will assist the offshore energy sector to acquire better, faster, and more valuable data. This will enable offshore energy operators to make better-informed decisions regarding asset integrity, enhance energy recovery and reduce carbon emissions during inspection and survey operations. Project details are outlined below.
Fast-3D Inspection DigitalizationProject
Kraken has been awarded $2.3 million in funding as part of a $4.0 million Fast Remote 3D Digital Inspection (FR3DI) Technology Demonstration Project. During the FR3DI project Kraken will demonstrate the inspection of critical subsea infrastructure for Cenovus Energy Inc. and Suncor Energy Inc. using Kraken's SeaVision® 3D underwater laser scanning technology. The offshore demonstration campaign will consist of several inspection scopes of work to create digital twins of subsea infrastructure as prioritized by Cenovus and Suncor. The applications include inspection of infrastructure in the water column and critical seabed assets including flowlines, spider buoys, and manifolds.
Under the project, Kraken will receive approximately $1.0 million in funding for equipment and salaries and will also contribute approximately $0.4 million in equipment and salaries. The remaining $2.6 million of project funding is comprised of operational expenses, materials and consumables and will be supported by OOGIRA and project partners Cenovus and Suncor. Of note, this project avails of joint engineering efforts from Kraken and its recently acquired subsidiary, PanGeo Subsea, leveraging an existing PanGeo sled design with Kraken SeaVision® electronics and significant software integration.
Figure 1: Example of SeaVision base inspection tools for water column assets (left) and marine habitat survey (right)
Karl Kenny, Kraken's President and CEO said, "Over past few years, the term 'digital twinning' has become synonymous with innovation in the offshore energy sector, and vital to corporate strategy as operators seek to take advantage of new and emerging technologies. Sensors, robotics, artificial intelligence and data analytics initiatives are key to enabling real-time information systems. Remote operations in the offshore market provide multiple benefits. These include risk mitigation as more personnel are removed from the offshore environment, significant cost reductions, more flexible and scalable operations, and environmental sustainability as operational carbon footprints can be dramatically reduced."
GeoTrac Project
PanGeo, a wholly owned Kraken subsidiary, in partnership with Memorial University's Fisheries and Marine Institute, has been approved for a $4.8 million contract (total project costs of $5.2M). The GeoTrac project will see the development of a new multi-sensor platform that will acquire high resolution 3D Synthetic Aperture Sonar sub-bottom data as well as soil resistivity measurements for geo-technical and geo-physical analysis to support development of offshore energy projects. Geotechnical and geophysical data will be acquired offshore and processed onshore at a new facility located at the Marine Institute's facility in Holyrood, Newfoundland. The project will contribute approximately $4.8 million to PanGeo for equipment and salaries needed to develop deep-water data collection technology and an onshore data processing facility.
"We are truly excited to collaborate once again with the Marine Institute. With the recent integration of our engineering team with Kraken, we are confident that the increased capacity will deliver an innovative, world-class solution to support deep-water, 3D sub-seabed data collection as well as geo-physical and geo-technical soil resistivity measurements," says PanGeo CEO Moya Cahill.
https://www.marketscreener.com/quote/stock/KRAKEN-ROBOTICS-INC-47302425/news/Kraken-Robotics-Awarded-7-1-Million-of-Contracts-for-Offshore-Subsea-Inspections-37116394/
spec
7.1 mil contract.
IIROC Trading Halt - PNG
11/23/2021 | 08:35am EST
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VANCOUVER, BC, Nov. 23, 2021 /CNW/ - The following issues have been halted by IIROC:
Company: Kraken Robotics Inc.
TSX-Venture Symbol: PNG
All Issues: Yes
Reason: At the Request of the Company Pending News
Halt Time (ET): 8:23 AM
IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions
© Canada Newswire, source Canada Newswire English
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Yes, that’s what I’m expecting. The CEO has been mentioning all year long that the full year 2021 was going to be double 2020. So we should know by the end of the week.
looks like it was just a burp
oh well, let's see where the quarterly gets us
there should be some significant achievements in there as well as milestone revenues on the military contracts
spec
Whoa, nice. I understand the quarterly report may be out Thursday.
Thanks very much. I appreciate that. Was that $.60 Canadian or US?
There was a block or grouped trade after hours at .60
About 50K shares at that price so someone paid an extra $15K over the closing price for that block
That’s a hefty premium for that MM to cover their short if a stellar financial report is imminent
Festive mood, maybe it’s just the holidays
spec
PS - I shouldn’t have been cryptic in the original message
Can you give any more explanation of what the “ripple in the force” is?
A ripple in the Force has been detected
Monday should get interesting
spec
Interesting one of the board of directors for Kraken (the retired US Navy Vice Admiral) is the CEO of this company: https://www.thayermahan.com/
Check out some of their customers:
https://www.thayermahan.com/customers
I was browsing more over their website and their past news releases. For a smaller company it is rather impressive. The multiple defense contracts they have secured the past couple years if successful is something they can build on in the coming years. Their products are impressive. IMO I see multiple dollars in the future short term.
I know this has dropped a lot in the past few months, but I really believe there is a solid long term future involved with this company. If this small contract with the Canadian Navy works out im sure there will be more down the road. Their tech and product is impressive and will only grown in demand in the future.
Another .5M Cad RAAS contract with the Canadian govt
spec
go to the otc markets website and look them up
Where did you read about “unlimited” authorized shares?
My concern is the unlimited A/S status they have other than that it looks great
Yes, clearly. I think this will be at least a double by Christmas.
I read their latest filing. They have a lot of business coming in, and from people who are not small time. I think this business is definitely a growing future business as ocean exploration just never stops growing.
I totally agree. And the CEO has been consistent in his guidance that second half of the year is going to be significant.
I feel good about this one. Its a solid industry to be in as there is always a need for their products. Money for their product is kind of certain since so many agencies that use them get government money.
I’m in and holding. Actually, I’ve added some shares in recent days. I think the company is solid and making the right moves for growth and success. Personally, I think that will be apparent before Christmas.
Anyone still following this or holding? I almost got in a while back when it was .54 but its just gone down since.
Traders trimming down ahead of the final quarterly figures being filed later this week
Preliminary results are net loss and revenues down almost 50% compared to Q1 of 2020
Lots of people will only read that far
spec
No dilution at this time. They are getting all the paperwork and process out of the way in order to be ready when capital is needed.
Maybe this: https://sensortechcanada.com/the-autonomous-compass-project/
Every stock I love , loves dilution...MFKR
Kraken Announces $2.2 Million of Subsea Batteries and Sonar Contracts & Project Funding
https://krakenrobotics.com/kraken-announces-2-2-million-of-subsea-batteries-and-sonar-contracts-project-funding/
spec
This is going to be a wild day, overseas markets gobbling up KRKNF
Premarket up 25% already
finally getting noticed, 3 month target $1.25, 12 month $1.85
spec
Sorry thats t212 trading platform.
Yes on Reddit and will be on 212 tomorrow, buckle up.
There’s some solid buzz on Twitter. I’ll do some digging tonight.
Haha, I’m here. Enjoying the run up today. But wondering why. Can’t be just the news the other day of the 3.5 million contract.
Closed near HOD up 18%
Kraken is released!
spec
BOOM! Someone finally lit the fuse on Kraken!
KRKNF up 15% on big volume
spec
Release the Kraken!
.45 usd - multiple from here in 2021
spec
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