Kraken Robotics Systems Inc ( (TSE:PNG) ) has issued an announcement.
Kraken Robotics Inc. has completed its acquisition of 3D at Depth Inc., a subsea services company specializing in high-resolution LiDAR imaging. This acquisition allows Kraken to integrate 3D at Depth’s expertise into its existing suite of subsea technologies, enhancing its offerings in synthetic aperture sonar and sub-bottom imaging. The move is expected to strengthen Kraken’s position in the commercial, defense, and marine research sectors by providing comprehensive subsea intelligence solutions. This strategic expansion is anticipated to benefit Kraken’s global customer base by offering improved data quality and operational efficiency in complex subsea missions.
More about Kraken Robotics Systems Inc
Kraken Robotics Inc. is a Canadian company specializing in transforming subsea intelligence through advanced 3D imaging sensors, power solutions, and robotic systems. Their products and services, including synthetic aperture sonar, sub-bottom imaging, and LiDAR systems, offer high-resolution insights into ocean safety, infrastructure, and geology. Kraken’s innovative pressure-tolerant batteries provide high energy density power for unmanned underwater vehicles and subsea energy storage. The company operates globally, supporting clients in over 30 countries from offices in North America, South America, and Europe.
YTD Price Performance: -9.58%
Average Trading Volume: 954,285
Technical Sentiment Signal: Sell
Current Market Cap: C$638.6M
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