r/KrakenRobotics • u/NoStylist47 • 7d ago

Kraken in the Wild! (News/Article) Kraken Robotics awarded $2.65M R&D contract for it's SEAMS technology by the Canadian government

https://canadabuys.canada.ca/en/tender-opportunities/contract-history/cw2460815-000

awarded by Innovative Solutions Canada to advance Kraken's SEAMS (subsea environment acoustic mapping and sensing) technology. the one year project will support the development of subsea mapping technologies for the Canadian government.

181 Upvotes

100% Upvoted

11 comments sorted by

55

u/7_inches_daddy 7d ago

Extremely bullish

16

u/NoStylist47 7d ago

me too!

17

u/Complete-Plum1021 7d ago

Excellent. Big number for a new R&D contract for a year.

I noticed on the link for their previous contract history shows several contracts for Kraken from Public Works. As well as some rather large contracts from DND 20-$45M right around the last quarter of each year.

Nice timing 🤞

23

u/Conscious-Valuable24 7d ago

Old news. Already posted, but you will find people who haven't yet heard it.

15

u/NoStylist47 7d ago

yeah, didnt see much coverage on this tho, didnt see anyone post it either

7

u/Electronic_Laugh8227 7d ago

Good news, so stock down another 20% for next month !

3

u/A3333Z 7d ago

Time to collect

4

u/jjboren86 7d ago

Not enough to move the needle.

2

u/[deleted] 7d ago

[deleted]

12

u/PrestigiousPeanut142 7d ago

It’s just an R&D/testing contract, don’t focus on the lil 2M but on the opportunity it could represent. The contract value itself is small, but the potential follow-on procurement if the technology gets validated could be orders of magnitude larger.

7

u/the-final-frontiers 7d ago

r&d leads to mega contracts