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Kraken Robotics Secures $8M Imaging Contract
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Kraken Robotics Secures $8M Imaging Contract

Kraken Robotics (TSE:PNG) has released an update.

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Kraken Robotics has landed a significant $8 million contract to provide sub-seabed imaging services using its Acoustic Corer technology, offering high-resolution sonar imagery to aid a marine construction project. This latest deal continues the company’s success streak, marking its fourth major campaign in this domain since 2022 and reinforcing its global experience in conducting multi-disciplinary surveys. The project, which will provide detailed images up to 20 meters into the seabed, is set to be completed within the year.

For further insights into TSE:PNG stock, check out TipRanks’ Stock Analysis page.

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