Kraken Announces $3 Million of Government of Canada Funding for ThunderFish XL Development

ST. JOHN’S, Newfoundland, Aug. 31, 2020 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), Canada’s Ocean Company, is pleased to announce that it will receive a $2,909,891 non-refundable financial contribution from the National Research Council of Canada’s Industrial Research Assistance Program (NRC-IRAP). The funding will be received over a 26-month project period and will be used to support the development of Kraken’s seabed resident ThunderFish XL Autonomous Underwater Vehicle (TFXL AUV).

Building from the previous development efforts of the ThunderFish Alpha AUV, the ThunderFish XL AUV will be larger and with an increased depth rating, have a larger payload capacity and have longer mission endurance. Most importantly, the ThunderFish XL will have key capabilities that are lacking with similar underwater vehicles in the industry today. These include: 1) the ability to transition from high-speed survey mode to “zero” speed hovering mode in-mission; 2) through-the sensor acoustic, laser and optical target detection, image recognition and inspection; and, 3) using onboard sensors to improve vehicle navigational accuracy.

ThunderFish XL will be depth rated to 6,000 metres and carry an array of sensors and custom payload modules, including Kraken’s AquaPix Synthetic Aperture Sonar, SeaVision 3D laser profiler, SeaThrust rim-driven thrusters and SeaPower pressure tolerant batteries. All of these will be integrated with advanced artificial intelligence algorithms onboard the vehicle. In addition, the modular design will allow for rapid sensor reconfiguration and battery replacement. Finally, Kraken will develop a conceptual design for a robust and autonomous multi-modal docking solution allowing TFXL to function as a seabed resident AUV that can run a wide variety of missions from its underwater docking station.

It should be noted that the ThunderFish XL is significantly different from the more common “long endurance” AUVs that are prevalent today. Notable differences include:

• A much longer period of time in water;
• Period of deployment involves multiple missions;
• Vehicle may be completely shut down between missions;
• Typically utilizes a subsea docking structure for safety; and
• Typically involves charging and/or data download/communications while at dock. 

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