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Kraken finalises PanGeo Subsea purchase - Offshore Energy

Kraken finalises PanGeo Subsea purchase - Offshore Energy
offshore-energy.biz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from offshore-energy.biz Daily Mail and Mail on Sunday newspapers.

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Kraken to Join LifeMoor Mooring Chain Inspection Project


Kraken to Join LifeMoor Mooring Chain Inspection Project
May 27, 2021 06:00 ET
| Source:
Kraken Robotics Inc.
Kraken Robotics Inc.
Mount Pearl, Newfoundland and Labrador, CANADA
ST. JOHN’S, Newfoundland, May 27, 2021 (GLOBE NEWSWIRE) Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), Canada’s Ocean Company™, is pleased to announce that it has joined the LifeMoor project, an industry collaboration focused on improving the lifetime estimate of subsea mooring chains. This 4-year “Knowledge Building Project for Industry” started in 2018. LifeMoor is supported by the Research Council of Norway and run by SINTEF, Norway’s largest independent research institution. The project includes a consortium of industry partners (NTNU, Equinor, MacGregor, Aker BP, Nosted, Kraken Robotics). ....

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Kraken Reports 2020 Financial Results TSX Venture Exchange:PNG


( MENAFN - GlobeNewsWire - Nasdaq
S)T. JOHN S, Newfoundland, April 26, 2021 (GLOBE NEWSWIRE) Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), Canada s Ocean Company, announced it has filed its financial results for the quarter and year ended December 31, 2020. Additional information concerning the Company, including its consolidated financial statements and related management s discussion and analysis ( MD & A ) for the quarter and year ended December 31, 2020, can be found at . Unless otherwise stated, all dollar amounts are Canadian dollar denominated.
2020 Financial Highlights
Revenue for the year ended December 31, 2020 was $12.3 million versus $15.1 million in the prior year. The year-over-year decline was mainly due to the delivery of a large battery order in the previous year which was not repeated this year. Key revenue components in 2020 were KATFISH™ 180 towed sonars, AquaPix® MINSAS, and SeaPower™ batteries. ....

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