According to a new press release, “Kraken Robotics Inc., is pleased to announce that its wholly owned subsidiary, Kraken Robotic Systems Inc., has finalized the contract for the OceanVision™ project with the Ocean Supercluster and industry partners (Petroleum Research Newfoundland and Labrador, Ocean Choice International and Nunavut Fisheries Association). OceanVision™ is a three-year, $18.8 million project focused on the development of new marine technologies and products to enable an underwater robotics data acquisition and data analytics as a service business. Under the OceanVision™ project, Canada’s Ocean Supercluster will provide an investment up to $6.3 million, with the balance of project funding to be provided by other government agencies, industry partners, and Kraken.”

The release continues, “Kraken has incurred significant effort to move this project forward since receiving conditional approval at the end of June 2019. These activities have included the hiring of 20 new employees in Canada, continued development of new product initiatives including Multi-Spectral Synthetic Aperture Sonar, SeaVision® laser scanners and ThunderFish® Autonomous Underwater Vehicle, and the pursuit of a new Robotics as a Service joint venture business. In October 2019, Kraken completed its first offshore survey campaign for the OceanVision™ project, deploying 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.”

Read more at Globe Newswire.

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