Kraken Robotics Partners with Norwegian Equipment Company

- November 27th, 2019

In a multi-year deal, Kraken’s robotic systems will be purchased for C$2 million per year to Norway’s Multi Pump Innovation.

Kraken Robotics (TSXV:PNG), underwater robotics company announced that it has reached an agreement to supply robotic control systems to Multi Pump Innovation, based in Norway. As part of a multi-year contract, Kraken will supply its robotics systems to help with cage cleaning in fish farming.

As quoted in the press release:

Karl Kenny, Kraken’s President and CEO, said: “While best known for pressure tolerant batteries, Kraken Power’s rim driven thruster products have been sold to a variety of commercial, defense, and research customers over the last 10 years. Kraken is excited to partner with MPI, a world leader in net cleaning robots. This is another example of Kraken developing innovative new technology and growing it into new markets and geographies. Besides MPI, Kraken is also engaged with a number of other aquaculture stakeholders, including industry and government agencies, via our OceanVision™ Ocean Supercluster project. We see significant opportunities for our thruster and battery technology and our AquaPix® sonar sensors, SeaVision® laser scanners, and SmartCam™ products within the global aquaculture industry.”

Thore Standal, MPI’s Chief Operating and Chief Commercial Officer, said: “We have tested a wide variety of competitive thrusters and selected Kraken for their winning price and performance value proposition. We are pleased to enter into this multi-year partnership with Kraken. In addition to thrusters, we believe there is an opportunity to use Kraken’s underwater batteries and charging systems in additional developments for the aquaculture market.”

Click here to read the full press release.

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