Provincial Government Continuing to Support Research and Development Solutions in Newfoundland and Labrador

  • Tourism, Culture, Industry and Innovation

11 February 2020

The Honourable Bernard Davis, Minister of Tourism, Culture, Industry and Innovation, recently toured the Kraken Robotic Systems Inc. production facility as part of #NLTechTour2020, to view the progress of several innovative technologies, including the ThunderFish® autonomous underwater vehicle, the KATFISH™ high speed towed sonar and the SeaVision® underwater 3D laser imaging system.

Kraken is a recognized leader in marine technology, providing ultra-high resolution, 3D capable, seabed imaging and survey technology. The company is engaged in the design and development of advanced sensors, robotics and artificial intelligence software for use in subsea applications in the oil and gas, fishing, defence and ocean science industries.

The Provincial Government has supported Kraken Robotics since its inception in 2012, contributing over $3.3 million to support the company’s research and development initiatives. This support has helped the company grow from six employees to over 110 highly qualified personnel worldwide, including 10 people who have earned PhDs.

As part of The Way Forward, the Provincial Government released Advance 2030, a commitment to position Newfoundland and Labrador as an internationally preferred location for oil and gas exploration and development – driven by an innovative, local industry that is globally competitive, environmentally responsible and maximizes benefits to the people of the province.

Quotes
“With support from the Provincial Government, Kraken Robotics has grown by leaps and bounds, developing technical solutions for clients all over the world. Its significant R&D capabilities have created opportunities for innovative product development, resulting in one of our province’s great tech stories. Our government is committed to fostering and supporting the tech industry in Newfoundland and Labrador, and I commend the team at Kraken Robotics for their innovative endeavours.”
Honourable Bernard Davis
Minister of Tourism, Culture, Innovation and Industry

“Newfoundlanders and Labradorians have a historical understanding of the significance that the ocean economy provides our province. Kraken is developing the next generation of sensors and robotics that will help to support the ocean economy from applications in fisheries, oil and gas, defence and ocean science. The knowledge being gained from Kraken’s products help increase our understanding of our ocean seafloor and drives innovation and economic growth. Without support from the Provincial and Federal Governments we would not have been able to grow and scale into the global company that we have become. Kraken is very grateful for the funding assistance it has received for the research and development of our world class products.”
Karl Kenny
President and CEO
Kraken Robotic Systems Inc.

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Learn more
Kraken Robotics

Advance 2030 – A Plan for Growth in the Newfoundland and Labrador Oil and Gas Industry

Follow us on Twitter: @GovNL and @TCII_GovNL

Media contacts
Eric Humber
Tourism, Culture, Industry and Innovation
709-729-4819, 725-9655
erichumber@gov.nl.ca

Shauna Cotie
Kraken Robotics
709-757-5757 ext:241
scotie@krakenrobotics.com

2020 02 11 3:25 pm