in Defence

KTG secures Kraken K50 investment

Posted 19 April 2022 · Add Comment

Early-stage British maritime technology company Kraken Technology Group (KTG) announced today that it has completed a further private funding round to support development of its Kraken K50 precision engagement craft, prior to an anticipated priced investment round later this year.

Image courtesy KTG

The Kraken K50 is designed specifically to meet the growing global requirement for fast-response precision engagement, coastal interdiction and the protection of critical offshore infrastructure. The K50 will push the boundaries of technical and operational performance with response speeds in excess of 65 knots and optional use of advanced electric powertrain technology to extend key range and performance parameters, all housed within a unique composite design and structure.

The K50 has also been developed to directly address the growing challenges presented by swarming activities through a range of integrated modular systems and sensors which deliver uniquely semi-autonomous operational and offensive capabilities.

Mal Crease, Founder and CEO of Kraken Technology Group, commented: “The Kraken K50 will demonstrate unparalleled levels of performance, integration, modularity and operational capability which addresses both expeditionary and green-water requirements.

"This investment will also allow us to establish a dedicated manufacturing facility in the UK which will revolutionise the maritime composite design and integration process, specifically to meet increasingly localised manufacturing and assembly requirements.”

 

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Serco acquires Sapienza

Serco Group plc has entered into an agreement to acquire Sapienza Group, from TP Group plc, to expand its offering to the European space sector.

Menzies Aviation renews Air Canada contract at Heathrow

Menzies Aviation today announced it has renewed a significant ground services contract with Air Canada at Heathrow Airport (LHR) and won new business at Copenhagen Airport (CPH).

Views sought to boost security of UK data centres and cloud services

Looking to strengthen security and resilience of UK’s data infrastructure to protect against outages and national security threats, the Government has announced it is seeking views on how to boost the security and resilience of

UK Government to host AFF22 onboard HMS Prince of Wales in New York

On 28th-29th September, the UK Government will host the Atlantic Future Forum (AFF22) on the aircraft carrier HMS Prince of Wales in New York, bringing together senior politicians, policymakers, military leaders, academia, business

Stay ahead of the airplane

Neil Ballinger, head of EMEA at EU Automation, looks at ways of stepping up to the challenges currently facing aerospace supply chains.

Airbus launches UK ZEDC

Airbus is strengthening its presence in the UK with the launch of a Zero Emission Development Centre (ZEDC) for hydrogen technologies, to be based in Filton, Bristol.

ODU SK0105310522
See us at
Future Arm Vehicles Power Systems BTFuture Arm Vehicles Active Protection Systems BTAdvanced Engin BT2504031122DVD BT2704220922Future Armoured Vehicles Weapon Systems BT