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S)T. JOHN S, Newfoundland, April 26, 2021 (GLOBE NEWSWIRE) Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), Canada s Ocean Company, announced it has filed its financial results for the quarter and year ended December 31, 2020. Additional information concerning the Company, including its consolidated financial statements and related management s discussion and analysis ( MD & A ) for the quarter and year ended December 31, 2020, can be found at . Unless otherwise stated, all dollar amounts are Canadian dollar denominated. 2020 Financial Highlights Revenue for the year ended December 31, 2020 was $12.3 million versus $15.1 million in the prior year. The year-over-year decline was mainly due to the delivery of a large battery order in the previous year which was not repeated this year. Key revenue components in 2020 were KATFISH™ 180 towed sonars, AquaPix® MINSAS, and SeaPower™ batteries.
(Image courtesy Kraken)
Canadian-based marine technology company Kraken Robotics Inc. announced that its subsidiary, Kraken Robotic Systems Inc., has earned ISO 9001:2015 certification for its Quality Management System (QMS), including manufacturing sites located in Mount Pearl, NL and Dartmouth, NS.
ISO 9001:2015 is a globally recognized quality management standard developed and published by the International Organization for Standardization (ISO) that provides a model companies of all types and sizes can use to build an effective quality management system. The standard is based on several quality management principles, including a strong customer focus, involvement of high-level company management, a process-driven approach and continuous improvement of the QMS. Maintaining certification will require comprehensive audits by our internal team and validation by a third-party certifying body to ensure compliance with the standard.
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