Kraken Robotics Timeline

Events

2026-08-27 - Partnership - Kraken Robotics signs XL-UUV battery supply agreement - The batteries are intended for the customer's autonomous underwater platform programme. Kraken identified the counterparty only as a major international conglomerate and disclosed neither quantities, delivery timing nor agreement value. The agreement has no… - source: globenewswire.com
2026-07-20 - Commercial Order - Kraken Robotics announces $35 million in new product orders - The orders cover customers in maritime defence, offshore energy and ocean science. The product mix includes Kraken synthetic-aperture sonar plus Covelya navigation, positioning, multi-aperture sonar and monitoring systems. Kraken said combined Kraken and… - source: krakenrobotics.com
2026-07-02 - Acquisition - Kraken Robotics closes C$615 million Covelya acquisition - The deal brings navigation, positioning, imaging, communications, monitoring and data-analytics capabilities into Kraken. Kraken frames the combined company as a provider of mission-critical subsea intelligence for maritime security and offshore energy. The… - source: krakenrobotics.com
2026-05-28 - Market Signal - Kraken Robotics reports Q1 2026 financial results with 35% year-over-year revenue growth - Kraken reported Q1 2026 revenue of C$21.7 million, up 35% from C$16.1 million in Q1 2025, with product revenue up 50% on SeaPower subsea battery and synthetic-aperture-sonar demand. The company said 2026 product orders had reached approximately C$97 million… - source: krakenrobotics.com
2026-04-07 - Capability - Kraken demonstrates autonomous KATFISH launch and recovery from a SEFINE USV - Kraken and SEFINE demonstrated KATFISH launch and recovery from the RD-22 USV during sea trials off Istanbul. KATFISH streamed 3 cm by 3 cm resolution sonar data to an onshore command centre. The demonstration focused on detecting and classifying mine-like… - source: krakenrobotics.com
2026-04-01 - Partnership - Kraken SeaPower batteries integrated into Teledyne Marine SeaRaptor - Kraken’s April 2026 investor presentation identifies Teledyne Marine as a long-standing customer with multiple orders over the years. The customer snapshot says Kraken has integrated synthetic-aperture sonar across Teledyne’s AUV range and provides SeaPower… - source: krakenrobotics.com
2026-03-17 - Commercial Order - Kraken Robotics announces $24 million in defence orders - The approximately $24 million order pool covered SeaPower batteries, KATFISH towed SAS and Kraken SAS for more than 10 customers across five countries. The Polish Navy ordered a new KATFISH for its minehunting programme, while other defence customers ordered… - source: krakenrobotics.com
2026-03-12 - Market Signal - Kraken Robotics closes C$402.5 million subscription-receipt offering - The company issued 47,353,550 subscription receipts at C$8.50 each. Gross proceeds were approximately C$402.5 million after the underwriters exercised the over-allotment option in full. The financing supported the cash portion of Kraken’s planned acquisition… - source: krakenrobotics.com
2025-12-02 - Commercial Order - Kraken Robotics announces $12 million in sonar and subsea battery orders - The approximately $12 million order pool covered Kraken SAS, KATFISH towed-SAS spares and SeaPower batteries. Named customers included Teledyne Marine, Terradepth and two navies from NATO member countries. Teledyne Marine planned to integrate Kraken SAS and… - source: krakenrobotics.com
2025-04-10 - Commercial Order - Kraken receives $11 million in SeaPower battery orders - The orders were driven predominantly by defence-industry UUV demand. Kraken described SeaPower as pressure tolerant to 660 bar, equivalent to 6,000 metres ocean depth. The company was expanding manufacturing capacity and developing smaller form factors for… - source: krakenrobotics.com
2024-11-04 - Demonstration - Kraken Robotics demonstrates autonomous launch and recovery system for KATFISH - Kraken demonstrated its Autonomous Launch and Recovery System for the KATFISH towed synthetic aperture sonar platform The demonstration was conducted in Halifax Harbour for more than 40 navy customers and partners The system was shown with Kraken's mine… - source: krakenrobotics.com
2024-07-10 - Executive Hire - Kraken Robotics appoints Nat Spencer as chief operating officer - Kraken appointed Nathaniel Spencer as Chief Operating Officer Spencer had been leading the company's subsea power business The appointment supports operational scaling across Kraken's maritime robotics and power systems business - source: krakenrobotics.com
2024-01-16 - Acquisition - Kraken Robotics acquires 3D at Depth - Kraken acquired 3D at Depth, a subsea LiDAR and underwater measurement company The acquisition added subsea laser scanning and dimensional control metrology capabilities The deal expanded Kraken's underwater imaging and services stack - source: krakenrobotics.com
2023-11-02 - Commercial Order - Kraken receives $1 million sonar order for HII REMUS 620 - The order was valued at $1 million and scheduled for fulfillment in 2024. The REMUS 620 systems were intended for NOAA-led teams mapping deep-water corals and other sensitive habitats. The MINSAS payload can be configured with 60 cm or 120 cm sonar arrays on… - source: krakenrobotics.com
2019-11-27 - Partnership - Kraken signs thruster supply agreement for MPI JetMaster - Each JetMaster was specified with seven Kraken Power T160 rim-driven thrusters. MPI forecast purchases of at least $2 million a year under the agreement. Additional water jets allow cleaning outside cage nets and at or above the waterline. - source: krakenrobotics.com
2019-11-18 - Partnership - Ocean Infinity and Kraken extend HUGIN endurance with new batteries - The battery enabled missions lasting more than 100 hours on one charge. The new system more than doubled the vehicles’ previous endurance. Longer missions reduced launch and recovery operations by 50 percent. - source: oceaninfinity.com
2019-08-29 - Commercial Order - Kraken discloses C$1.7 million of AquaPix orders from Ocean Infinity - Second-quarter revenue was C$1.3 million, with deferred revenue of C$6.5 million at June 30. During the quarter, Kraken moved into a 19,000 sq ft Mount Pearl facility and a 4,000 sq ft Dartmouth assembly facility. - source: krakenrobotics.com
2019-06-13 - Commercial Order - Kraken receives C$2.1 million KATFISH order from ThayerMahan - Delivery was expected in the third quarter of 2019. The order followed a strategic alliance established in February 2018. SeaScout's KATFISH 180 configuration combines stabilised towing with synthetic-aperture sonar and real-time seafloor imagery. - source: krakenrobotics.com
2018-11-20 - Contract Award - Ocean Infinity adds third vessel, five HUGIN AUVs and Guardian survey capacity - The Solstad charter ran for three years with two 12-month options and was scheduled to begin in the third quarter of 2019. Five additional HUGIN AUVs increased Ocean Infinity's fleet to 15, using Kraken Robotics long-life battery technology. Guardian… - source: oceaninfinity.com

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