Kraken Secures $500K Canada Backing
- Business & Finance
Kraken Sonar’s wholly-owned subsidiary, Kraken Sonar Systems Inc., will receive a non-refundable financial contribution of up to $495,000 from the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP).
In addition to technical and business advisory services provided by NRC-IRAP, the funding is being used to develop the Kraken Active Towed Fish (KATFISH) for seabed mapping.
The system will enable real-time seabed imagery, bathymetry and 3D digital terrain models of the seabed. According to Kraken, the KATFISH will enable seabed mapping missions optimized for both manned and unmanned surface vessels.
Karl Kenny, Kraken’s president and CEO, said: “We are very grateful for the continued support from NRC-IRAP. Their assistance enables us to continue to innovate our seabed survey solutions. We’ve stated on many occasions that cost effective and high resolution seabed mapping is mission-critical for many military and commercial applications. Placing a survey sensor, such as Kraken’s Miniature Synthetic Aperture Sonar, closer to the seafloor will result in the acquisition of much higher resolution data. When the sensor is integrated onto a high speed, intelligently stabilized towed platform such as KATFISH, better quality data is acquired at a faster rate, thus improving efficiency and lowering both operational and data acquisition costs. In fact, we believe that KATFISH provides the highest resolution seabed pixels at the lowest cost compared to any other competing survey sonar platform.”