Kraken Set to Commence Hunt for Avro Arrow Artifacts

Kraken Sonar (TSXV:PNG) has announced that its wholly-owned subsidiary, Kraken Sonar Systems, has been awarded its first “Robotics as a Service” contract by OEX Recovery Group to conduct a search for nine Avro Arrow free flight models launched over LakeOntario in tests during 1954-1957.

As quoted in the press release:

The models are one-eighth scale replicas of the famed flying jet, and were part of the final flight design tests done prior to the production of the CF-105 Arrow. The goal of the search is to discover the resting place of nine models, recover them and ultimately house them at the Canada Aviation and Space Museum in Ottawa and the National Air Force Museum of Canada in Trenton, Ontario. While contract terms between Kraken and OEX are confidential, the contract amount is less than C$500,000.

The search and recovery program is a Canada 150 collaborative effort spearheaded by Osisko group companies Osisko Mining Inc. and Osisko Gold Royalties Ltd., in collaboration with their financial partners at National Bank, the Bank of Montreal, Canaccord Genuity, Maxit Capital, Eight Capital and Northfield Capital; the Canada Aviation and Space Museum (CASM), Royal Canadian Air Force (RCAF), the Canadian Conservation Institute and Bennett Jones LLP. Support for this project is also being provided by the Canadian Coast Guard, the Royal Canadian Military Institute and Canada Company.

Later this month Kraken will deploy its ThunderFish® Autonomous Underwater Vehicle (AUV) and AquaPix® Synthetic Aperture Sonar (SAS) system in Lake Ontario to search for the Avro Arrow models. The highly-advanced Canadian jet fighter and development program was abruptly cancelled in 1959 by the government of the day.

Click here to read the full press release.

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