Aquanaut

Geospace Technologies Corporation Reports Profitable First Quarter of Fiscal Year 2024 and Highest Quarterly Revenue in Nearly Ten Years

Retrieved on: 
Wednesday, February 7, 2024
Engineering, Energy, Manufacturing, Oil, Gas, International, Commerce, Aquanaut, Customs, OBX, Carbon, Investment, GEOS, Central Time, ID, Sailor, Sale, Quantum, Federation

Geospace Technologies Corporation (NASDAQ: GEOS) (the “Company”) today announced results for its first quarter ended December 31, 2023.

Key Points: 
  • Geospace Technologies Corporation (NASDAQ: GEOS) (the “Company”) today announced results for its first quarter ended December 31, 2023.
  • For the three-months ended December 31, 2023, Geospace reported revenue of $50.0 million, a 60% increase compared to revenue of $31.1 million for the comparable year-ago quarter.
  • Walter R. (“Rick”) Wheeler, President and CEO of the Company said, “We’re gratified to see the first quarter of fiscal year 2024 mark our fourth straight quarter of profitability.
  • Demand for our newest technology ocean bottom node, known as the Mariner™, was paramount in delivering our first quarter performance.

Nauticus Robotics Raises $12M in Funding to Execute 2024 Goals, including Industry-changing 'Augmented Autonomy' for Subsea Robots

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Monday, February 5, 2024
Certification, CFO, General counsel, Gulf of Mexico, G&A, Safety, Aquanaut, Aircraft, Automation, Acquisition, Autonomous Solutions, Software, ROV, Depth, Management

HOUSTON, Feb. 5, 2024 /PRNewswire/ -- Nauticus Robotics (NASDAQ: KITT), a leading developer of subsea robots and software, announces securing over $12M net today, part of a second tranche of investment.

Key Points: 
  • HOUSTON, Feb. 5, 2024 /PRNewswire/ -- Nauticus Robotics (NASDAQ: KITT), a leading developer of subsea robots and software, announces securing over $12M net today, part of a second tranche of investment.
  • The new investment will expedite certification of Nauticus' flagship robot, the Aquanaut , which facilitates the transformation of tethered ROV operations to fully autonomous operations.
  • The new investment comes only weeks after the company announced a change in leadership, including a new CEO, CFO and lead General Counsel.
  • The forecasted efficiency improvements for existing platforms using 'tethered autonomy' will exceed 20%, while simultaneously reducing emissions and increasing safety for all subsea robots.

DEEP® Announces Mission #OccupyMare: to Make Humanity Aquatic

Retrieved on: 
Wednesday, October 18, 2023
Expedition 1, Partnership for Global Infrastructure and Investment, Science, Research, NEEMO, Biodiversity, Education, Neurosurgery, History, International Space Station, Aquanaut, Hope, Human, Climate, SpaceX, Certification, DEEP, Organization, Carbon, Era, Sea, Engineering, University of North Carolina at Charlotte, Continuity, Nature, Environment, NEDU, United States Department of Defense, Drug discovery, Diving, Food security, University, DNV, Confidentiality, Safety, NASA, Defense, Live-line working, Dredging, Renewable energy, Sentinel

LONDON, Oct. 18, 2023 /PRNewswire/ -- On Monday the 2nd of November 2000, in silent orbit four hundred kilometers above the surface of the planet, one American astronaut and two Russian cosmonauts docked their vessel Expedition 1 to the International Space Station. From that day almost twenty-three years ago, there has been a continuous, uninterrupted human presence in space. 

Key Points: 
  • Today, the oceanic exploration and technology organization DEEP ® ( www.deep.com ) surfaced and, after more than two-years in stealth, announced its #OccupyMare mission: to Make Humanity Aquatic.
  • That day will go down in history as the day our species went to the ocean, and never looked back.
  • Over a hundred and thirty engineering, design, diving and medical professionals are working globally to realize DEEP's mission to Make Humanity Aquatic.
  • "DEEP is leading the way in development and expansion of novel approaches for a sustained intersection of deep-sea and humanity.

Nauticus Robotics Announces Offshore Service Agreement with Shell

Retrieved on: 
Thursday, September 14, 2023
Shell, Shell plc, HSE, Health, Intelligence, Aquanaut, Robotics, Gulf of Mexico, Workplace (Health, Safety and Welfare) Regulations 1992, NYSE, IMR, Construction, Safety, Environment, Nauticus

HOUSTON, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Nauticus Robotics, Inc. (“Nauticus” or the “Company”) (NASDAQ: KITT), a developer of ocean robots and artificial intelligence for autonomous services to the offshore industries, today announced its entry into a service contract with Shell plc (“Shell”) (NYSE: SHEL).

Key Points: 
  • HOUSTON, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Nauticus Robotics, Inc. (“Nauticus” or the “Company”) (NASDAQ: KITT), a developer of ocean robots and artificial intelligence for autonomous services to the offshore industries, today announced its entry into a service contract with Shell plc (“Shell”) (NYSE: SHEL).
  • The new contract acknowledges Nauticus’ successful transition to a fully operational offshore services provider.
  • “Nauticus now has visibility long term IMR services work for Shell and the opportunity to become the preferred supplier for this advanced work.
  • The offshore operational design of the project also involved a collaborative effort with Shell’s marine assurance staff and robotics innovation programme.

Nauticus Robotics and MMA Offshore Sign Memorandum Of Understanding to Deploy Aquanauts Into Asia-Pacific

Retrieved on: 
Monday, September 11, 2023
Maintenance, Partnership, Petrobras, Data collection, Intelligence, MRM, ASX, Government, Robotics, MOU, Artificial intelligence, AI, MMA, IMR, Shipbuilding, Aquanaut, Nauticus

Aquanaut’s machine intelligence and supervised autonomy capabilities enable the use of smaller service vessels previously not utilized for IMR.

Key Points: 
  • Aquanaut’s machine intelligence and supervised autonomy capabilities enable the use of smaller service vessels previously not utilized for IMR.
  • By combining capabilities Nauticus and MMA can offer a more economical solution compared to conventional methods.
  • The partnership with MMA Offshore is yet another milestone to bolster Nauticus’ strategic global presence and follows the recent announcement to deploy its autonomous robot, Aquanaut, in Brazil to service Petrobras assets.
  • Earlier in the year, Nauticus had initiated its international expansion with the announcement of opening operating bases in Stavanger, Norway and Aberdeen, Scotland.

Geospace Technologies Launches Aquanaut – New Low Frequency Ocean Bottom Node

Retrieved on: 
Monday, August 28, 2023
IOT (Internet of Things), Manufacturing, Maritime, Transport, Other Science, Other Technology, Telecommunications, Networks, Internet, Science, Technology, Other Natural Resources, Other Energy, Mining, Minerals, Oil, Gas, Natural Resources, Energy, Engineering, Outer space, GEM, Data collection, Plouézec International Meetings, GEOS, Aquanaut, Acquisition, Sailor, Geospace Technologies, Deepender Singh Hooda, Video game

Geospace Technologies (NASDAQ: GEOS) today announced the release of a new seismic acquisition product known as Aquanaut™, a continuous, cable-free, four-channel autonomous, deepwater ocean bottom recorder.

Key Points: 
  • Geospace Technologies (NASDAQ: GEOS) today announced the release of a new seismic acquisition product known as Aquanaut™, a continuous, cable-free, four-channel autonomous, deepwater ocean bottom recorder.
  • Featuring low frequency geophones, Aquanaut is the next generation node designed for extended duration ocean bottom seismic data acquisition.
  • With Aquanaut, we deliver an industry first 10 Hz omni directional geophone in a deepwater ocean bottom node.
  • For more information on the Aquanaut product and its specifications, please visit the Aquanaut web page .

Nauticus Robotics and Leidos Execute Additional $2.1M Contract Extension

Retrieved on: 
Tuesday, August 22, 2023
Artificial intelligence, LDOS, Data collection, Ecosystem, NYSE, Robotics, Aquanaut, Leidos, Nauticus

HOUSTON, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Nauticus Robotics, Inc. ("Nauticus" or the "Company") (NASDAQ: KITT), a developer of autonomous robots using artificial intelligence for data collection and intervention services for the ocean industries, today announced it has been awarded an additional $2.1 million under its current contract with Leidos (NYSE: LDOS), a FORTUNE 500® science and technology leader.

Key Points: 
  • HOUSTON, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Nauticus Robotics, Inc. ("Nauticus" or the "Company") (NASDAQ: KITT), a developer of autonomous robots using artificial intelligence for data collection and intervention services for the ocean industries, today announced it has been awarded an additional $2.1 million under its current contract with Leidos (NYSE: LDOS), a FORTUNE 500® science and technology leader.
  • The additional funding augments the earlier award and this program has received $16.6 million in funding from Leidos since 2022.
  • In addition, this award furthers operational enhancements to toolKITT, Nauticus' proprietary software package developed to enable an ecosystem of autonomous actions for subsea vehicles, which enables the vehicle’s intelligence.
  • "This work is the centerpiece of Nauticus’ excellent collaboration with Leidos, and I look forward to continuing our mutual progress of advancing the state of the art in undersea vehicles," said Nicolaus Radford, founder and CEO of Nauticus.

Nauticus Robotics Reports Second Quarter 2023 Results and Provides Business Update

Retrieved on: 
Friday, August 11, 2023
Shell, Shell plc, Maintenance, LDOS, SOCOM U.S. Navy SEALs: Confrontation, Data collection, DIU, Leidos, Government, Aquanaut, United States Marine Corps, Traction, PBR, Robotics, Artificial intelligence, Growth, SHEL, NYSE, Shipbuilding, Security (finance), Pharmaceutical industry, Petrobras, Nauticus

HOUSTON, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Nauticus Robotics, Inc. (“Nauticus” or the “Company”) (NASDAQ: KITT), a developer of autonomous robots using artificial intelligence for data collection and intervention services to the ocean industries, today announced results for the second quarter ended June 30, 2023.

Key Points: 
  • HOUSTON, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Nauticus Robotics, Inc. (“Nauticus” or the “Company”) (NASDAQ: KITT), a developer of autonomous robots using artificial intelligence for data collection and intervention services to the ocean industries, today announced results for the second quarter ended June 30, 2023.
  • For the quarter, Nauticus recorded a net income attributable to common stockholders of $20.7 million, or $0.49 per diluted share.
  • Net loss attributable to common stockholders for the second quarter of 2023 includes certain items typically excluded from published estimates by the investment community.
  • Nauticus will host a conference call today, August 11, 2023 at 10:00 a.m. Eastern time (7:00 a.m. Pacific time).

Nauticus is Contracted by Petrobras to Develop and Test the AUV Aquanaut in Brazil

Retrieved on: 
Friday, June 23, 2023
Data collection, Aquanaut, PBR, Robotics, Machine learning, Artificial intelligence, NYSE, 3D printing, Petrobras, Nauticus

HOUSTON, June 23, 2023 (GLOBE NEWSWIRE) -- Nauticus Robotics, Inc. (“Nauticus” or the “Company”) (NASDAQ: KITT), a developer of autonomous robots using artificial intelligence for data collection and intervention services for the ocean industries, today announced that it has been awarded a contract with Petrobras (NYSE: PBR), one of the world’s largest energy companies, to deploy Aquanaut, the Company’s autonomous subsea robot, to support Petrobras’ offshore activities.

Key Points: 
  • Petrobras has ramped up efforts recently in robotics and artificial intelligence and is pioneering their application to the offshore sectors.
  • Toward that end, this relevant contract was competitively awarded to Nauticus and will utilize Aquanaut in Petrobras’ Deepwater Production Field using supervised autonomy for infield inspection services.
  • The contract consists of approximately two months of subsea inspection time and is one of the largest awarded contracts of its kind to date worldwide.
  • “A contract with another worldwide leading operator for Nauticus speaks to the state-of-the-art technologies of our autonomous robots as we further penetrate the global markets,” said Nicolaus Radford, CEO of Nauticus.

Nauticus Robotics to Exhibit and Speak at 7th Annual Energy Drone & Robotics Summit

Retrieved on: 
Thursday, June 1, 2023
Waterway, Fleet, Booth, Data collection, Aquanaut, NASA, Robotics, Drone, Artificial intelligence, Convention center, Automation, Surveying, Nauticus

HOUSTON, June 01, 2023 (GLOBE NEWSWIRE) -- Nauticus Robotics, Inc. (“Nauticus” or the “Company”) (NASDAQ: KITT), a developer of autonomous robots using artificial intelligence for data collection and intervention services for the ocean industries, today announced it will exhibit and speak at the 7th Annual Energy Drone & Robotics Summit , occurring June 12 – 14, 2023 in Houston at The Woodlands Waterway Marriott Hotel & Convention Center.

Key Points: 
  • HOUSTON, June 01, 2023 (GLOBE NEWSWIRE) -- Nauticus Robotics, Inc. (“Nauticus” or the “Company”) (NASDAQ: KITT), a developer of autonomous robots using artificial intelligence for data collection and intervention services for the ocean industries, today announced it will exhibit and speak at the 7th Annual Energy Drone & Robotics Summit , occurring June 12 – 14, 2023 in Houston at The Woodlands Waterway Marriott Hotel & Convention Center.
  • On Tuesday, June 13, Nauticus founder and CEO Nicolaus Radford will lead the breakout forum, Advancement of Marine Artificial Intelligence-Powered Robotics, from 10:45 - 11:15 a.m., at Waterway 1-2.
  • In this session, Radford will discuss his background as a chief engineer for NASA and his ongoing work with Nauticus to revolutionize the ocean robotics field, including the production of its AI-powered robotic navy, the Nauticus Fleet.
  • In addition to information about the continuing Fleet build, the exhibit will feature a full-size mockup of the second-generation Aquanaut .