01:32 PM EDT, 07/18/2024 (MT Newswires) -- Nauticus Robotics ( KITT ) said Thursday it completed and invoiced phase 1 of its contract with a large offshore oil and gas operator in Brazil during Q2.

The company said its autonomous solutions team finalized the engineering and proof-of-concept documentation for the autonomous subsea vehicle Aquanaut Mark 2, specifying the vehicle's capabilities for offshore deepwater field inspection.

Nauticus said it will now advance to technology integration in phase 2 and controlled environment testing in phase 3, employing an iterative approach to integrate new vehicle capabilities.

Shares of Nauticus rose 13.8% in recent Thursday trading.

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