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Last C$0.20 CAD
Change Today -0.005 / -2.44%
Volume 10.0K
As of 3:53 PM 07/27/15 All times are local (Market data is delayed by at least 15 minutes).

kraken sonar inc (PNG) Snapshot

Open
C$0.20
Previous Close
C$0.21
Day High
C$0.20
Day Low
C$0.20
52 Week High
03/2/15 - C$0.38
52 Week Low
08/11/14 - C$0.02
Market Cap
14.2M
Average Volume 10 Days
22.1K
EPS TTM
C$-0.06
Shares Outstanding
71.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for KRAKEN SONAR INC (PNG)

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kraken sonar inc (PNG) Details

Kraken Sonar Inc., a marine technology company, designs and develops sonars and acoustic sensors for military and commercial applications in Canada. It offers AquaPix, an interferometric synthetic aperture sonar for use in onboard autonomous underwater vehicles, remotely operated tow vehicles, remotely operated vehicles, and tow bodies; interferometric SAS imaging georeferenced high-fidelity toolbox, a software application for signal processing of interfermoteric synthetic aperture sonar imagery; and embedded real time SAS image processor. The company also provides DataPod, a removable data storage module for subsea marine applications. It has strategic partnerships with Defence Research and Development Canada, U.S. Navy’s Naval Sea Systems Command (NAVSEA), the U.K. Ministry of Defence, Northrop Grumman, ECA Robotics, and others. The company was founded in 2012 and is based in Vancouver, Canada.

Founded in 2012

kraken sonar inc (PNG) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: --
Vice President Legal, Corporate Secretary and...
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

kraken sonar inc (PNG) Key Developments

Kraken Sonar Inc. Announces Development of KATFISH (Kraken Active Tow FISH), Sonar Platform for Military and Commercial Applications

Kraken Sonar Inc. announced development of KATFISH (Kraken Active Tow FISH), a sonar platform for military and commercial applications. KATFISH is a key development objective in delivering on the company's sensor-to-systems strategy. The primary objective of the KATFISH project is to develop an actively controlled, intelligent towfish as a platform for realtime ultrahigh resolution seabed mapping system, based on company's Miniature Interferometric Synthetic Aperture Sonar (MINSAS) technology and Real Time SAS Processing algorithms. The KATFISH system is comprised of an actively controlled smart towfish, winch and handling subsystem and operator console. The winch and handling subsystem provides the capability to launch, tow, recover and stow the tow fish. The entire system is designed to be quickly installed and removed from craft of opportunity platforms and is packaged for easy transportation. Conventional side scan systems are limited in that they only provide high resolution imagery at short range. KATFISH produces ultrahigh resolution seabed imagery with constant resolution to full range. The additional information provided by KATFISH delivers a detection and classification capability that cannot be achieved with a conventional sidescan sonar. KATFISH also generates highly accurate bathymetry data that's coregistered and geo referenced to the same pixel grid coordinates as the imagery. Operators can produce crisp seabed imagery and detailed 3D digital terrain maps of seafloor topography that exceed IHO SP44 survey standards. The capability of generating centimeterscale resolution in 3D also provides significant performance improvements in the detection, classification and identification of small seabed objects. The KATFISH system also implements an innovative SAS gap filler transmitter that produces high resolution data in the nadir region. The system uses two rows of identical receiver elements to deliver bathymetry. An additional lower frequency transmit element, unique to KATFISH, provides a SAS resolution gap fill directly under the platform. Sonar data is transferred from the transceiver to the processing unit via a Gigabit Ethernet network interface. The sonar operation is controlled from a graphical user interface (GUI) on a notebook computer. The operator sets the sonar parameters in the sonar control window, while depth, imagery and other sensor data are captured and displayed by Kraken's INSIGHT application software. KATFISH sonar is based upon a design and is ideal for a variety of underwater imaging missions. It's the latest embodiment of Kraken's sonar imaging expertise that enables a sophisticated system that can generate and process seabed imagery and 3D digital models of the seabed at blindingly fast speeds with uncompromised precision and ultra high resolution. KATFISH is currently under development and has successfully completed proof of concept sea trials. The system is now being commercialized with a series of technical milestones planned for 2015. Commercial availability is scheduled for the first quarter of 2016. Budgetary pricing for a complete turnkey system is expected to be in the range of USD 1.5 million.

Kraken Sonar Inc. Appoints Tom Tureaud as Vice President - Underwater Systems

Kraken Sonar Inc. announced that Dr. Tom Tureaud, Kraken's Vice President - Underwater Systems, has joined the company to further develop its sensors-to-systems strategy. Tom comes with a wealth of underwater systems industry experience, having spent over twenty years at Vehicle Control Technologies Inc. in Reston, Virginia.

Kraken Sonar Inc. Announces Earnings Results for the Year Ended December 31, 2014

Kraken Sonar Inc. announced earnings results for the year ended December 31, 2014. Revenues for 2014 were $2,353,982, up from $576,049, an increase of 309% over the previous year. Gross profit for the year was $1,215,442 an increase of $772,493 over the year ended December 31, 2013. Net income excluding nonrecurring expenses (such as RTO and employee share issuance expenses) of $1,682,408 is $372,168, compared to a loss of $136,926 in the previous year, an improvement of $501,594.

 

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Price/Sales 4.7x
Price/Book 6.9x
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