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Last C$0.18 CAD
Change Today 0.00 / 0.00%
Volume 168.5K
PNG On Other Exchanges
Symbol
Exchange
Venture
As of 3:30 PM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

kraken sonar inc (PNG) Snapshot

Open
C$0.19
Previous Close
C$0.18
Day High
C$0.19
Day Low
C$0.17
52 Week High
03/2/15 - C$0.38
52 Week Low
05/28/14 - C$0.02
Market Cap
12.8M
Average Volume 10 Days
45.6K
EPS TTM
C$-0.04
Shares Outstanding
71.0M
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

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kraken sonar inc (PNG) Key Developments

Kraken Sonar Inc. Receives Order from Defence Contractor

Kraken Sonar Systems Inc. has received an order for its AquaPix(R) Synthetic Aperture Sonar system from a major international defence contractor. (Due to the sensitivity of its business, the client name cannot be disclosed.) AquaPix(R) is an industry leading sonar system providing military grade technology that provides superior 3D seabed imaging, faster data processing and a lower cost than existing technology. Over the past 60 days Kraken has received orders exceeding $1.2 million with deliveries expected in the current financial quarter. AquaPix(R) utilizes military-proven SAS algorithms and robust design, providing a complete sonar solution for applications that include naval mine countermeasures, hydrographic survey and subsea surveillance of strategic assets.

Kraken Sonar Retains David Bajwa for Investor Relations Services

Kraken Sonar reported that has retained David Bajwa effective April 1, 2015 to provide Investor Relations services for the Company pursuant to an investor relations agreement. Bajwa brings over 20 years' of experience providing investor relations services to micro-cap technology issuers. Identification, analysis and engagement with capital markets participants to develop on-going relationships that represent the closest match within their investment thesis are the hallmarks of Bajwa's approach, providing the opportunity for efficient access to capital while supporting corporate value.

Kraken Sonar Systems Inc. Introduces AquaTrak Correlation Velocity Log

Kraken Sonar Inc. announced that its wholly-owned subsidiary, Kraken Sonar Systems Inc. has introduced AquaTrak, a next generation Correlation Velocity Log. The product is being launched at the Ocean Business conference in Southampton, United Kingdom. The Doppler Velocity Log (DVL) has traditionally been the standard choice for integration into UUV navigation systems. Until now Correlation Velocity Logs (CVL) have not affected this domination of the marketplace because of the high level of signal processing required for correlating pairs of signals in CVLs. However, recent advances in low power electronics and advanced acoustic correlation signal processing techniques now enable CVLs to offer a superior price and performance value proposition over existing DVLs. CVLs offer many advantages over DVLs, since they can achieve high accuracy at low velocities even during hover manoeuvres. DVLs use narrow beam widths, while CVL transmitters have wide beam widths. This gives CVLs the potential to use lower frequencies thus permitting operation in deeper water; increased accuracy; reduced power requirements for the same depth and smaller form factors. Kraken's AquaTrak Correlation Velocity Log provides both long range navigation and high resolution accuracy. The highly flexible and modular design allows the unit to be used in a standalone configuration or as part of an Integrated Navigation System. A CVL measures a two-dimensional displacement vector between two receiver channels for successive pulses, so that the corresponding velocity measurement is generated by the displacement divided by the time interval between pulses, with no need for a speed of sound measurement. AquaTrak's piezocomposite transducers operate at 150 kHz enabling altitudes of 300m above the seabed. This operating frequency was selected as an ideal compromise between a deeper propagation of the acoustic pulses (due to the reduction in attenuation with decreasing frequency) while avoiding background noise at lower frequencies. The acoustic power requirements have also been minimized for UUV integration and operation -particularly for autonomous underwater vehicles. The breakthrough in Kraken`s AquaTrak CVL was understanding how to use the SAS transducer arrays as a CVL in order to estimate with sufficiently high accuracy the three- dimensional velocity vector, giving the displacement between successive pings. The side-by- side comparison (shown below) of the forward ground speed given by a 300 kHz SAS used as a CVL and a conventional 600kHz DVL shows the much greater accuracy achieved by the CVL, which provides the evidence of the high potential of CVL technology.

 

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PNG

Industry Average

Valuation PNG Industry Range
Price/Earnings 100.0x
Price/Sales 3.7x
Price/Book NM Not Meaningful
Price/Cash Flow 521.1x
TEV/Sales 4.9x

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