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Nauticus Robotics Announces Second Round of Aquanaut Mark 2 Deepwater Qualification Testing - Nauticus Robotics (NASDAQ:KITT)

HOUSTON, Sept. 17, 2024 /PRNewswire/ -- Nauticus Robotics, Inc. KITT, a leading innovator in autonomous subsea robotics and software, began its second round of qualification testing of its flagship underwater vehicle, Aquanaut Mark 2, in the Gulf of Mexico (GOM). Vehicle 2 will be used for commercial operations going forward. Completion of this testing is intended to certify the vehicle for water depths exceeding 2000 meters.

Nauticus' Autonomous Solutions team is conducting tests off the coast of Louisiana at a decommissioned oil and gas field to certify capabilities under actual conditions expected for commercial work. The vehicle will image subsea structures such as manifolds, trees, and pipelines. This round of testing is a follow-on to the GOM deepwater qualification testing performed earlier this year. Vehicle capabilities undergoing final certification are flyover surveys, leak detection, obstacle avoidance, and close visual inspection.

Nauticus Robotics' CEO, John Gibson, commented, "We are excited to be finalizing the Aquanaut Mark 2. Several revenue-generating projects are scheduled immediately following these tests."

Development and testing of additional Aquanaut Mark 2 capabilities will continue with Vehicle 1, currently undergoing a deepwater electronics upgrade in Houston. Open water testing is expected to begin at Florida Atlantic University (FAU) later this year.

The Aquanaut vehicle leverages Nauticus' proprietary ToolKITT software, a versatile and platform-independent solution previously tested across various subsea vehicle classes. By harnessing the power of ToolKITT and the pioneering design of Aquanaut, Nauticus is spearheading the industry's shift from traditional tethered operations to augmented autonomy. This initiative aims to fully transform subsea operations into autonomous, highly efficient processes.

About Nauticus Robotics

Nauticus Robotics, Inc. develops autonomous robots for the ocean industries. Autonomy requires the extensive use of sensors, artificial intelligence, and effective algorithms for perception and decision allowing the robot to adapt to changing environments. The company's business model includes using robotic systems for service, selling vehicles and components, and licensing of related software to both the commercial and defense business sectors. Nauticus has designed and is currently testing and certifying a new generation of vehicles to reduce operational cost and gather data to maintain and operate a wide variety of subsea infrastructure. Besides a standalone service offering and forward-facing products, Nauticus' approach to ocean robotics has also resulted in the development of a range of technology products for retrofit/upgrading traditional ROV operations and other third-party vehicle platforms. Nauticus' services provide customers with the necessary data collection, analytics, and subsea manipulation capabilities to support and maintain assets while reducing their operational footprint, operating cost, and greenhouse gas emissions, to improve offshore health, safety, and environmental exposure.

Cautionary Language Regarding Forward-Looking Statements

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SOURCE Nauticus Robotics, Inc.

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