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Kraken Robotics Announced $2.4 Million of Sonar and Subsea Power Contracts
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Kraken Robotics Announced $2.4 Million of Sonar and Subsea Power Contracts
Mar 19, 2024 5:06 AM

07:33 AM EDT, 03/19/2024 (MT Newswires) -- Kraken Robotics Inc. ( KRKNF ) , which gained near 6% to near 52 week highs yesterday, on Tuesday said it has received contracts totaling $2.4 million for subsea batteries and synthetic aperture sonar systems (SAS). The SAS sensor contracts are for a Research Institute and a Hydrographic Office of an unnamed Navy. No details can be provided on the subsea power customer due to confidentiality. Deliveries will occur in 2024.

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