Mentioned:
A publicly traded company in Canada building the future of underwater vehicles has just landed millions of dollars in new purchase orders. But, why?
What’s happening:
- Kraken Robotics (TSXV: PNG) has landed $12M CAD in new purchase orders for their synthetic aperture sonar systems and subsea batteries
Why it matters:
- Kraken Robotics is one of the most advanced publicly traded companies in North America producing high resolution synthetic aperture sonar systems and pressure tolerant batteries for underwater vehicles
Going deeper:
- Teledyne Technologies (NYSE: TDY), Terradepth and multiple government agencies represented the majority of the new $12M CAD purchase orders
- Kraken Robotics is also notably one of the main suppliers for Anduril’s Ghost Shark autonomous underwater vehicles which just recently opened a new production facility in Sydney, Australia
