Kraken Robotics Inc.
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Kraken Robotics’ stock is up more than 40% and has set a new 52-week high since Ocean Infinity, a Kraken customer, announced its plan to take an almost 10% stake in Kraken. In the days following the press release, Kraken’s stock has consistently closed above the $0.20/share investment price with comparatively heavy volume.
On October 26, 2017, GE Venture company Avitas Systems partnered with Kraken Robotics to develop subsea inspection solutions for the oil and gas industry. This a milestone for Kraken Robotics because for the past two years management has been communicating a search/recovery/inspection, subscription model called Robotics-as-a-Service (RaaS) for sea drones.
Kraken Sonar (PNG:TSXV, KRKNF:OTC), a micro cap stock and Sophic client, had several catalysts during the first week of September 2017. The Company announced a C$3 million contract for its sonar and signal processing solution. Kraken Sonar also presented their...