Early-stage British maritime technology company Kraken Technology Group has completed a private funding round for development of its precision engagement craft. The Kraken K50 is designed for fast-response precision engagement, coastal interdiction and the protection of critical offshore infrastructure with a response speed of 65 knots.
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.
Manufacturing facility in the UK
‘The Kraken K50 will demonstrate unparalleled levels of performance, integration, modularity and operational capability which addresses both expeditionary and green-water requirements,’ says Mal Crease, founder and CEO of Kraken Technology Group. ‘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.’
Another priced investment round is anticipated later this year.