Kraken to Receive C$400,000 From Major European Defense Contractor
Kraken Sonar Inc. (TSX VENTURE: PNG) announced today that its wholly-owned subsidiary, Kraken Sonar Systems Inc. has invoiced a major European defense contractor for over C$400,000. Proceeds are expected to be received during Q2 2016. Due to competitive reasons, the customer cannot be named at this time.
Kraken recently provided an AquaPix® Miniature Interferometric Synthetic Aperture Sonar (MINSAS) for integration and sea trials on the customer's Autonomous Underwater Vehicle. Kraken believes its product demonstrated superior price/performance characteristics and that it is well positioned for additional business with this customer in 2016.
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Karl Kenny, Kraken President and Chief Executive Officer, said, "Navies around the world rely upon their suppliers to provide the best underwater systems and more defense contractors are depending upon Kraken to provide innovative underwater technology solutions. We look forward to working with this customer in the future."
MINSAS is an advanced sonar designed for operational depths up to 6,000m. The system integrates the latest electronics, transducer arrays and signal processing software and is optimized for the demanding size, weight, power and cost constraints of Autonomous Underwater Vehicle s and Unmanned Surface Vehicles.
MINSAS uses a subset of Kraken's award-winning AquaPix® INSAS transducer array but has the addition of an innovative SAS gap filler transmitter that produces high-resolution data in the nadir region. A lower frequency transmit element, unique to MINSAS, provides a SAS resolution gap fill directly under the platform. The transmitter and receiver elements are integrated into single monolithic arrays mounted close to the electronics module. The system also uses two rows of identical receiver elements to deliver high precision 3D bathymetry data.
The system is provided in three configurations. MINSAS 60 uses a transducer array assembly that measures 60cm in length designed for AUVs with body diameters as small as 8 inches. MINSAS 120 uses a transducer array assembly that measures 120cm in length designed for larger AUVs. MINSAS 180 measures 180cm in length designed for high-speed towfish operations from both manned and unmanned surface vessels.
All systems produce ultra-high resolution, real-time image quality with unparalleled sharpness. Advanced 3D motion compensation and beamforming technologies nullify blurring caused by platform motion.
The MINSAS 180 system is an integral part of Kraken's recently announced KATFISH™ intelligent towfish system. KATFISH™ provides Ultra High Definition imagery and 3D bathymetry to enable real-time seabed mapping at extremely long ranges.
KATFISH™ acquires over 1 billion pixels per 1km2 per hour of area coverage rate. That's 30 times more detail than conventional side scan sonar. Advanced algorithms perform thousands of adjustments every second to ensure every pixel displays data with incredible clarity. KATFISH™ provides the industry's highest resolution seabed pixels at the lowest data acquisition cost when compared against competing survey sonar platforms.
Source : Kraken Sonar Inc. - view original press release
Nov 29 - 30, 2016 - Singapore, Singapore