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Nauticus Robotics Announces Start of the 2025 Offshore Season - Nauticus Robotics (NASDAQ:KITT)
HOUSTON, April 24, 2025 /PRNewswire/ -- Nauticus Robotics, Inc. KITT ", Nauticus", )), a leading innovator in autonomous subsea robotics and software solutions, today announced the start of its 2025 offshore season. The first ROV has a long-term contract with a leading marine transportation company to provide oil and gas drill support operations off the Gulf Coast. This work supports an international energy company for a minimum of 120 days. Additional days beyond the firm scope are anticipated. The second ROV completed mobilization earlier this month in support of the offshore wind industry off the New England Coast. This project completed early and the ROV system is moving to the Gulf Coast for placement on a vessel chartered by Nauticus alongside an Aquanaut vehicle for the remainder of the 2025 season. Ongoing customer discussions are expected to result in Gulf Coast operations for the environmental and oil and gas industries. The combination of both vehicles onboard a single vessel will provide the opportunity to expand Nauticus' Aquanaut customer base while continuing the strong relationships with its early adopters. Steve Walsh, Vice President of Nauticus Robotics Sales, commented, "The opportunities for increased offshore safety, vehicle uptime, and efficient operations are enormous. The combined solutions between SeaTrepid and Nauticus have created excitement about the transformation to autonomy which is currently underway." 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 This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Act"), and are intended to enjoy the protection of the safe harbor for forward-looking statements provided by the Act as well as protections afforded by other federal securities laws. Such forward-looking statements include but are not limited to: the expected timing of product commercialization or new product releases; customer interest in Nauticus' products; estimated operating results and use of cash; and Nauticus' use of and needs for capital. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. These statements may be preceded by, followed by, or include the words "believes," "estimates," "expects," "projects," "forecasts," "may," "will," "should," "seeks," "plans," "scheduled," "anticipates," "intends," or "continue" or similar expressions. Forward-looking statements inherently involve risks and uncertainties that may cause actual events, results, or performance to differ materially from those indicated by such statements. These forward-looking statements are based on Nauticus' management's current expectations and beliefs, as well as a number of assumptions concerning future events. There can be no assurance that the events, results, or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and Nauticus is not under any obligation and expressly disclaims any obligation, to update, alter, or otherwise revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law. Readers should carefully review the statements set forth in the reports which Nauticus has filed or will file from time to time with the Securities and Exchange Commission (the "SEC") for a more complete discussion of the risks and uncertainties facing the Company and that could cause actual outcomes to be materially different from those indicated in the forward-looking statements made by the Company, in particular the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in documents filed from time to time with the SEC, including Nauticus' Annual Report on Form 10-K filed with the SEC on April 15, 2025. Should one or more of these risks, uncertainties, or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, or expected. The documents filed by Nauticus with the SEC may be obtained free of charge at the SEC's website at www.sec.gov. View original content to download multimedia:https://www.prnewswire.com/news-releases/nauticus-robotics-announces-start-of-the-2025-offshore-season-302438020.html SOURCE Nauticus Robotics, Inc. KITTNauticus Robotics Inc$1.1215.5%Stock Score Locked: Want to See it? Benzinga Rankings give you vital metrics on any stock - anytime. Reveal Full ScoreEdge RankingsMomentum7.14Growth6.44Quality-Value25.82Price TrendShortMediumLongOverviewMarket News and Data brought to you by Benzinga APIs
[2]
Nauticus Robotics Announces Start of the 2025 Offshore Season By Investing.com
HOUSTON, April 24, 2025 /PRNewswire/ -- Nauticus Robotics, Inc. (NASDAQ: KITT, "Nauticus"), a leading innovator in autonomous subsea robotics and software solutions, today announced the start of its 2025 offshore season. The first ROV has a long-term contract with a leading marine transportation company to provide oil and gas drill support operations off the Gulf Coast. This work supports an international energy company for a minimum of 120 days. Additional days beyond the firm scope are anticipated. The second ROV completed mobilization earlier this month in support of the offshore wind industry off the New England Coast. This project completed early and the ROV system is moving to the Gulf Coast for placement on a vessel chartered by Nauticus alongside an Aquanaut vehicle for the remainder of the 2025 season. Ongoing customer discussions are expected to result in Gulf Coast operations for the environmental and oil and gas industries. The combination of both vehicles onboard a single vessel will provide the opportunity to expand Nauticus' Aquanaut customer base while continuing the strong relationships with its early adopters. Steve Walsh, Vice President of Nauticus Robotics Sales, commented, "The opportunities for increased offshore safety, vehicle uptime, and efficient operations are enormous. The combined solutions between SeaTrepid and Nauticus have created excitement about the transformation to autonomy which is currently underway." 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 This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Act"), and are intended to enjoy the protection of the safe harbor for forward-looking statements provided by the Act as well as protections afforded by other federal securities laws. Such forward-looking statements include but are not limited to: the expected timing of product commercialization or new product releases; customer interest in Nauticus' products; estimated operating results and use of cash; and Nauticus' use of and needs for capital. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. These statements may be preceded by, followed by, or include the words "believes," "estimates," "expects," "projects," "forecasts," "may," "will," "should," "seeks," "plans," "scheduled," "anticipates," "intends," or "continue" or similar expressions. Forward-looking statements inherently involve risks and uncertainties that may cause actual events, results, or performance to differ materially from those indicated by such statements. These forward-looking statements are based on Nauticus' management's current expectations and beliefs, as well as a number of assumptions concerning future events. There can be no assurance that the events, results, or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and Nauticus is not under any obligation and expressly disclaims any obligation, to update, alter, or otherwise revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law. Readers should carefully review the statements set forth in the reports which Nauticus has filed or will file from time to time with the Securities and Exchange Commission (the "SEC") for a more complete discussion of the risks and uncertainties facing the Company and that could cause actual outcomes to be materially different from those indicated in the forward-looking statements made by the Company, in particular the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in documents filed from time to time with the SEC, including Nauticus' Annual Report on Form 10-K filed with the SEC on April 15, 2025. Should one or more of these risks, uncertainties, or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, or expected. The documents filed by Nauticus with the SEC may be obtained free of charge at the SEC's website at www.sec.gov.
[3]
Nauticus Robotics Announces Start of the 2025 Offshore Season
HOUSTON, April 24, 2025 /PRNewswire/ -- Nauticus Robotics, Inc. (NASDAQ: KITT, "Nauticus"), a leading innovator in autonomous subsea robotics and software solutions, today announced the start of its 2025 offshore season. The first ROV has a long-term contract with a leading marine transportation company to provide oil and gas drill support operations off the Gulf Coast. This work supports an international energy company for a minimum of 120 days. Additional days beyond the firm scope are anticipated. The second ROV completed mobilization earlier this month in support of the offshore wind industry off the New England Coast. This project completed early and the ROV system is moving to the Gulf Coast for placement on a vessel chartered by Nauticus alongside an Aquanaut vehicle for the remainder of the 2025 season. Ongoing customer discussions are expected to result in Gulf Coast operations for the environmental and oil and gas industries. The combination of both vehicles onboard a single vessel will provide the opportunity to expand Nauticus' Aquanaut customer base while continuing the strong relationships with its early adopters. Steve Walsh, Vice President of Nauticus Robotics Sales, commented, "The opportunities for increased offshore safety, vehicle uptime, and efficient operations are enormous. The combined solutions between SeaTrepid and Nauticus have created excitement about the transformation to autonomy which is currently underway." 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 This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Act"), and are intended to enjoy the protection of the safe harbor for forward-looking statements provided by the Act as well as protections afforded by other federal securities laws. Such forward-looking statements include but are not limited to: the expected timing of product commercialization or new product releases; customer interest in Nauticus' products; estimated operating results and use of cash; and Nauticus' use of and needs for capital. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. These statements may be preceded by, followed by, or include the words "believes," "estimates," "expects," "projects," "forecasts," "may," "will," "should," "seeks," "plans," "scheduled," "anticipates," "intends," or "continue" or similar expressions. Forward-looking statements inherently involve risks and uncertainties that may cause actual events, results, or performance to differ materially from those indicated by such statements. These forward-looking statements are based on Nauticus' management's current expectations and beliefs, as well as a number of assumptions concerning future events. There can be no assurance that the events, results, or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and Nauticus is not under any obligation and expressly disclaims any obligation, to update, alter, or otherwise revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law. Readers should carefully review the statements set forth in the reports which Nauticus has filed or will file from time to time with the Securities and Exchange Commission (the "SEC") for a more complete discussion of the risks and uncertainties facing the Company and that could cause actual outcomes to be materially different from those indicated in the forward-looking statements made by the Company, in particular the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in documents filed from time to time with the SEC, including Nauticus' Annual Report on Form 10-K filed with the SEC on April 15, 2025. Should one or more of these risks, uncertainties, or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, or expected. The documents filed by Nauticus with the SEC may be obtained free of charge at the SEC's website at www.sec.gov. View original content to download multimedia:https://www.prnewswire.com/news-releases/nauticus-robotics-announces-start-of-the-2025-offshore-season-302438020.html
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Nauticus Robotics, a leader in autonomous subsea robotics, announces the start of its 2025 offshore season with two ROV deployments, showcasing the company's AI-driven solutions for the oil, gas, and wind energy sectors.
Nauticus Robotics, Inc. (NASDAQ: KITT), a pioneer in autonomous subsea robotics and software solutions, has officially commenced its 2025 offshore season, marking a significant milestone in the deployment of AI-powered underwater vehicles for various industries 123.
The company has strategically positioned two Remotely Operated Vehicles (ROVs) for different sectors:
Gulf Coast Oil and Gas Operations: The first ROV is under a long-term contract with a leading marine transportation company, providing drill support for an international energy company. The initial commitment is for 120 days, with potential for extension 123.
New England Wind Industry Support: The second ROV recently completed an early mobilization for the offshore wind industry along the New England Coast. Following this successful deployment, the vehicle is being relocated to the Gulf Coast 123.
Nauticus is capitalizing on its early success by:
Steve Walsh, Vice President of Nauticus Robotics Sales, emphasized the transformative potential of their technology: "The opportunities for increased offshore safety, vehicle uptime, and efficient operations are enormous. The combined solutions between SeaTrepid and Nauticus have created excitement about the transformation to autonomy which is currently underway" 123.
Nauticus Robotics specializes in developing autonomous robots for ocean industries, utilizing:
The company's business model encompasses:
Nauticus is currently testing and certifying a new generation of vehicles designed to reduce operational costs and enhance data collection for subsea infrastructure maintenance 123.
While Nauticus presents an optimistic view of its 2025 offshore season, the company has issued cautionary statements regarding forward-looking information. These include:
Investors are advised to review Nauticus' SEC filings, particularly the "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" sections, for a comprehensive understanding of potential risks 123.
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Nauticus Robotics, Inc. has successfully completed and invoiced the Phase I concept validation for its Aquanaut Mark 2 autonomous underwater vehicle. This milestone marks a significant step in the development of next-generation subsea robotics technology.
2 Sources
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Nauticus Robotics, a developer of autonomous robots for ocean industries, has announced the commencement of its second round of deepwater qualification testing for the Aquanaut Mark 2. This advanced testing phase aims to validate the robot's capabilities in challenging underwater environments.
3 Sources
3 Sources
Nauticus Robotics successfully conducted an initial 2024 Gulf of Mexico field survey for Shell using autonomous underwater robots, demonstrating the potential of AI and robotics in deep-sea operations.
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2 Sources
Nauticus Robotics announces plans to acquire SeaTrepid International, aiming to integrate AI-driven autonomy software with SeaTrepid's ROV fleet. The merger is expected to significantly expand market reach and drive operational synergies in the subsea robotics industry.
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3 Sources
Nauticus Robotics, a developer of autonomous robots for ocean industries, has announced a 1-for-36 reverse stock split to regain compliance with Nasdaq's minimum bid price requirement and attract a broader range of investors.
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