Topic: How To Invest

Q: Pat: Can I get your opinion of Kraken Robotics. Thanks for the great guidance over the years and I look forward to your answer.

Article Excerpt

A: Kraken Robotics Inc., $1.67, symbol PNG on the TSX Venture Exchange (Shares outstanding: 230.1 million; Market cap: $384.3 million; www.krakenrobotics.com), is a marine technology company providing complex subsea sensors, batteries, and robotic systems. The company’s high-resolution 3D acoustic imaging solutions and services aim to let clients overcome the challenges of operating in the oceans. Kraken Robotics is headquartered in Canada and has offices in North and South America and Europe. One of the company’s key products is the Katfish. This is a high-speed seabed survey system targeted at providing ultra-high resolution seabed imagery and bathymetry for defense and commercial customers. The acoustic imagery and bathymetry collected by Katfish systems provides customers with data about subsea assets and infrastructure such as pipelines and fibre optic cables, as well as hydrographic information about the safety of key transit routes for ocean going assets. For instance, the company recently completed a contract to supply high-resolution seabed mapping sonar service to Precision Hydrographic Services, a customer supporting the…