08:32 AM EST, 11/04/2024 (MT Newswires) -- Kraken Robotics ( KRKNF ) said Monday that it completed demonstrations for its new Autonomous Launch and Recovery System (ALARS) for the KATFISH towed synthetic aperture sonar.

The company said it performed demonstrations for more than 40 naval customers and partners from October 21-25 in Halifax Harbour, Nova Scotia.

"This was a great opportunity to both test our new ALARS and demonstrate KATFISH for key naval clients," President and CEO Greg Reid said. "The ocean is an unforgiving environment, and the highest risk to technology and personnel is during launch and recovery."

Kraken's share price rose 1.5% last Friday to a near 52-week high of $2.03.