Top News

TXV adds Kraken to its list of Top 50 companies of 2019

Kraken Sonar Inc. president and CEO Karl Kenny will soon deploy a team of engineers and technicians to Australia.
Kraken president and CEO Karl Kenny . - SaltWire Network

TORONTO — The Toronto Venture Stock Exchange (TSXV) has recognized Kraken Robotics as a 2019 Top 50 Company. Kraken placed #1 in the technology category.

The TSXV 50 is a ranking of the strongest companies on TSX Venture Exchange by share price appreciation, trading volume amount, and market capitalization growth.

“We are honoured to be recognized as a Top 50 company within the Toronto Venture Stock Exchange,” Kraken president and CEO Karl Kenny said.

“This validates the hard work Kraken and our employees have done since first listing on the Venture Exchange in 2015. Building upon our recent $1.7-million contract with Ocean Infinity, $0.5-million Public Works and Procurement Canada contract, and the $6-million bought deal that we closed in December, we look forward to bringing more success to our company and shareholders as we continue our strong growth in 2019.”

Kraken is a marine technology company focused on the production and sale of software-centric sensors and underwater robotic systems. The company is headquartered in St. John’s, Newfoundland with offices in Dartmouth, N.S., Toronto, Ony., Bremen and Rostock, Germany, and Boston, Mass.

Related stories:

Kraken Robotics completes majority acquisition of European firm

St. John's-based Kraken Robotics lands $468,000 contract with DND

St. John’s-based Kraken announces $9-million deep-sea battery contract from Ocean Infinity

Recent Stories