ST. JOHN’S, Newfoundland and Labrador, Sept. 07, 2022 (GLOBE NEWSWIRE) — Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), Canada’s Ocean Company™, announces that its subsidiary PanGeo Subsea has completed the cable burial (DOB) along the EstLink 1 and 2 cables during an offshore campaign using PanGeo’s SeaKite ROTV equipped with the patented Sub-Bottom Imager™ (SBI). With a strong background in supporting underwater surveys for offshore wind and offshore energy, PanGeo has completed over 10,000 kilometers of wireline DOB surveys to date.
PanGeo supported marine survey provider Arctia Meritaito Ltd aboard the research vessel RV Mintis to perform the cable burial depth along the two interconnecting cables that connect the Finnish and Estonian power grids. The 350MW EstLink 1 was installed in 2006 and crosses the 75 km wide Gulf of Finland, reaching a maximum water depth of 100 m. EstLink 2 is a 650 MW, 145 km cable installed in 2013 and is approximately 70 km east of EstLink 1.
About the SBI and SeaKite
The SBI produces a 3D acoustic image from the outside of the cable down to a depth of 5 m below the seabed. As an acoustic system, the SBI is non-intrusive, allowing cables to remain fully operational during survey operations, an essential requirement for power transmission cables. The SBI also provides consistent vertical accuracy regardless of cable burial depth, enabling depth verification over multiple runs of the same cable section and monitoring of cable burial throughout the length of the cable run. life of a cable.
The SeaKite ROTV has an integrated SBI, which allows 3D acoustic surveys at speeds of up to 4 knots. Eliminating the need for an ROV to perform cable DOB provides the speed of data acquisition efficiency. Additionally, it allows the use of a much smaller survey vessel, reducing the overall daily operating cost of operations and reducing carbon emissions. By using a smaller vessel on site for a shorter period, this survey saved approximately 200,000 kg of carbon dioxide emissions.
For more details about the SBI or our services, contact us at firstname.lastname@example.org.
ABOUT KRAKEN ROBOTICS INC.
Kraken Robotics Inc. (TSX.V:PNG) (OTCQB:KRKNF) is a marine technology company dedicated to the production and sale of software-centric sensors, underwater batteries and underwater robotic systems. The company is headquartered in Newfoundland with offices in Canada, the United States, Germany, Denmark and Brazil. In July 2021, Kraken acquired PanGeo Subsea, a leading service company specializing in high-resolution 3D acoustic imaging solutions for the seabed. PanGeo with offices in Canada, USA and UK is now a wholly owned subsidiary of Kraken. Kraken is ranked among the top 100 marine technology companies by Marine Technology Reporter.
Certain information contained in this press release constitutes forward-looking statements. When used in this press release, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, ” seeks”, “proposes”, “estimate”, “expect” and similar expressions, insofar as they relate to the Company, are intended to identify forward-looking statements. In particular, this press release contains forward-looking statements regarding, among other things, business objectives, expected growth, results of operations, performance, business plans and opportunities, and financial results.These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect the Company’s current views with respect to future events based on certain important factors and assumptions and are subject to certain risks and uncertainties, including, without limitation, market changes, competition, governmental or regulatory developments, general economic conditions and other factors in the Company’s public disclosure documents. Many factors could cause the actual results, performance or achievements of the Company to differ from those described in this press release, including, without limitation, those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may differ materially from those described in this press release and from such forward-looking statements included or incorporated by reference in this news. release, should not be unduly invoked. These statements speak only as of the date of this press release. The Company does not intend and undertakes no obligation to update these forward-looking statements. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
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For more information, please contact:
Joe MacKay, Chief Financial Officer
Greg Reid, Chief Operating Officer
Sean Peasgood, Investor Relations
Media Contact: Shelly Petten
Marketing & Communications Manager
Kraken Robotics Inc
Survey Contact: Patrik Niskanen
Arctia Meritaito Ltd