Kraken Robotics (PNG) has notable insider buying

Kraken Robotics (V:PNG)

Moya Nora Cahill, a Director, acquired 75,000 Common Shares on a direct ownership basis at a price of $0.657 through the public market on January 20th, 2023. This represents a $49,290 investment into the company's shares and an account share holdings change of greater than 100%.

Kraken Robotics Inc. is a marine technology company. The Company is engaged in providing sonar and laser systems and subsea power solutions for Unmanned Underwater Vehicles for military and commercial applications. It is involved in the production and sale of software-centric sensors, subsea batteries, and underwater robotic systems. The Company through PanGeo Subsea provides subsea Robotics as a Service (RaaS) capabilities including geophysical surveys, sonar surveys, and three-dimensional (3D) laser inspections. Its products include AquaPix, KATFISH, SeaPower, and SeaScout. Its KATFISH is a stabilized Synthetic Aperture Sonar towfish that operates at speeds up to 10 knots. Its AquaPix system is a miniature interferometric synthetic aperture sonar (MINSAS) based around a modular array system. The SeaPower provides deep sea batteries. The SeaScout is an unmanned launch and recovery system. Its applications include defense applications, offshore oil and gas and offshore wind.