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Nauticus Robotics, a developer of autonomous underwater robots that use AI for information assortment and intervention providers for the ocean industries, has been awarded a contract with Petrobras to develop and check its autonomous underwater car (AUV) Aquanaut in Brazil. The contract results in a possible market price over $100 million yearly and can increase Nauticus’ worldwide presence to South America.
Under the contract, Nauticus will deploy Aquanaut, its autonomous subsea robotic, to assist Petrobras’ offshore actions. Specifically, Aquanaut will likely be utilized in Petrobras’ Deepwater Production Field utilizing supervised autonomy for infield inspection providers. The contract consists of roughly two months’ price of subsea inspection time.
Aquanaut is a totally electrical AUV that carries an array of multi-spectral notion sensors that enable the robotic to detect, classify, examine, and act upon subsea infrastructure utilizing its pair of manipulators with out direct operator management. The Aquanaut can present vital reductions in value and greenhouse fuel emissions over standard strategies.
“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,” Nicolaus Radford, CEO of Nauticus, mentioned. “The market opportunity for Nauticus in offshore Brazil is significant, as it is one of the world’s most active offshore energy basins; we are pleased to enter this market through a world-class operator. We competed through a rigorous tender process with many well-respected industry competitors to earn this business with Petrobras and eagerly await the deployment of our assets to validate our capabilities. We continue to build our robust pipeline of opportunities, giving us the confidence to execute our mission and deliver long-term value to shareholders.”
Petrobras is among the world’s largest offshore operators. It manages 57 platforms, and ten thousand miles of oil and fuel pipelines, and produces 2.6 million barrels of oil equal per day.
Nauticus’ whole product line consists of its flagship Aquanaut robotic, the Hydronaut, an autonomous or remotely managed small vessel, and the Olympic Arm, a robotic arm subsea software. The firm additionally gives ToolKITT, its robotics management software program.
In September 2022, the firm accomplished its enterprise mixture with CleanTech Acquisition Corp, a particular goal acquisition firm (SPAC) shaped in June 2020. Nauticus additionally made its debut on the NASDAQ below ticker symbols “KITT” for its frequent inventory and “KITTW” for its public warrants.