Nauticus Robotics to Provide AUV/UID Leak Detection Technology Testing for Equinor

Nauticus and Partner Stinger Technology Contracted for Pilot Project, Qualifying for Potential Future Direct Contracts and Expanding Nauticus’ Presence in North Sea Region

HOUSTON, Aug. 29, 2023 (GLOBE NEWSWIRE) -- Nauticus Robotics, Inc. (“Nauticus” or the “Company”) (NASDAQ: KITT), a developer of autonomous robots using artificial intelligence for data collection and intervention services for the ocean industries, today announced that Equinor ASA (“Equinor”) (NYSE: EQNR), an international energy company based in Norway, has engaged Nauticus and its local business partner, Stinger Technology AS (“Stinger”), for the deployment of the Company’s proprietary leak detection technology service. The pilot project addresses the need for improved leak detection technologies, with the objective of demonstrating and qualifying Nauticus leak detection technology from autonomous robots in Equinor. The project will strengthen the wide range of applications for autonomous subsea robots.

For Equinor, sustainability is a core principle, and having methods and systems for leak detection is a part of this principle. This engagement is an example of how Equinor continuously explores new ways to improve its capabilities to keep the environment safe, as Equinor has around 600 subsea wells and approximately 9000 km of subsea pipelines, risers, and cables to maintain.

The pilot aims to validate the Company’s technology and provides Nauticus with the opportunity to qualify for future contracts with Equinor.

“The project for Equinor highlights the versatility of our fleet offering and the increasing need for technologies like ours to address the many challenges for subsea operations in Norway and around the globe,” said Nicolaus Radford, CEO of Nauticus. “This milestone is yet another example of how we are at the forefront of this technical revolution and are changing how work is done in our precious oceans.”

About Nauticus

Nauticus Robotics, Inc. is a developer of ocean robots and artificial intelligence for autonomous services to the marine industries. Nauticus’ robotic systems and services are delivered to commercial and government-facing customers through a Robotics-as-a-Service (RaaS) business model and direct product sales for both hardware platforms and software licenses. Besides a standalone service offering and products, Nauticus’ approach to ocean robotics has also resulted in the development of a range of technology products for retrofitting/upgrading legacy systems and other third-party vehicle platforms. Nauticus provides customers with the necessary data collection, analytics, and subsea manipulation capabilities to support and maintain assets while reducing their operational footprint, operating cost, and greenhouse gas emissions to improve offshore health, safety, and environmental exposure.