A new press release reports, “Kraken Robotics Inc., is pleased to announce that its wholly owned subsidiary, Kraken Robotic Systems Inc., has launched the initial phase of its OceanVision™ project. Commencing in late September, Kraken will deploy its sensors and unmanned underwater platforms to conduct ultra-high definition seabed imaging and mapping on the Grand Banks of Newfoundland and other areas of Atlantic Canada. OceanVision™ is a three-year, $20 million project focused on the development of new marine technologies and products to enable an underwater data acquisition and analytics as a service business. OceanVision™ enables the acceleration of Kraken’s strategy from sensors and system sales to becoming an integrated provider of Robotics as a Service (RaaS) and Data as a Service (DaaS).”
Karl Kenny, Kraken’s President and CEO, said, “We are pleased to reach this major milestone and officially launch our OceanVision™ project. OceanVision™ will result in an end-to-end digitalization solution offering advanced sensors, robots and data analytics as a turnkey service for imaging and mapping of the seafloor as well as seabed assets and infrastructure. Today, high fidelity data is an absolute requirement for coherent input to machine learning algorithms – otherwise it’s garbage in, garbage out. We are uniquely positioned in the underwater industry as Kraken will build, own and operate the sensor-laden drones; Kraken (and partners) will run the missions; and Kraken (and partners) will analyze the data for our customers.”
Read more at Nasdaq.
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