Nauticus Robotics and SeaTrepid International Collaborate to Bring ToolKITT Software to ROVs
Nauticus Robotics (NASDAQ: KITT) has announced a strategic collaboration with SeaTrepid International to integrate and test its ToolKITT software on SeaTrepid's ROV fleet. The partnership focuses on implementing automatic station-keeping capability, allowing ROV pilots to stabilize vehicles during subsea operations. Nauticus will provide a perpetual software license, while SeaTrepid offers facilities and workforce support for testing. The collaboration aims to enhance ROV services through advanced autonomous capabilities, with Nauticus benefiting from recurring annual software maintenance revenues. The partnership targets improved efficiency, reduced CO2 emissions, faster mission completion times, and fewer operator-related delays.
Nauticus Robotics (NASDAQ: KITT) ha annunciato una collaborazione strategica con SeaTrepid International per integrare e testare il suo software ToolKITT sulla flotta di ROV di SeaTrepid. La partnership si concentra sull'implementazione della capacità di mantenimento automatico della posizione, permettendo ai piloti ROV di stabilizzare i veicoli durante le operazioni sottomarine. Nauticus fornirà una licenza software perpetua, mentre SeaTrepid offrirà strutture e supporto lavorativo per i test. L'obiettivo della collaborazione è migliorare i servizi ROV attraverso avanzate capacità autonome, con Nauticus che beneficerà di ricavi annuali ricorrenti per la manutenzione software. La partnership punta a migliorare l'efficienza, ridurre le emissioni di CO2, velocizzare i tempi di completamento delle missioni e ridurre i ritardi legati agli operatori.
Nauticus Robotics (NASDAQ: KITT) ha anunciado una colaboración estratégica con SeaTrepid International para integrar y probar su software ToolKITT en la flota de ROV de SeaTrepid. La asociación se centra en implementar la capacidad automática de mantenimiento de posición, lo que permite a los pilotos de ROV estabilizar los vehículos durante las operaciones submarinas. Nauticus proporcionará una licencia de software perpetua, mientras que SeaTrepid ofrecerá instalaciones y soporte de personal para las pruebas. La colaboración busca mejorar los servicios de ROV a través de capacidades autónomas avanzadas, con Nauticus beneficiándose de ingresos anuales recurrentes por mantenimiento de software. La asociación tiene como objetivo mejorar la eficiencia, reducir las emisiones de CO2, acelerar los tiempos de finalización de las misiones y disminuir los retrasos relacionados con los operadores.
나우티쿠스 로보틱스 (NASDAQ: KITT)가 시트레피드 인터내셔널과 전략적 협력을 발표하며 ToolKITT 소프트웨어를 시트레피드의 ROV 함대에 통합하고 테스트할 예정입니다. 이 파트너십은 자동 정박 능력을 구현하는 데 중점을 두어, ROV 조종사들이 해저 작업 중 차량을 안정화할 수 있도록 합니다. 나우티쿠스는 영구 소프트웨어 라이센스를 제공하고, 시트레피드는 테스트를 위한 시설 및 인력 지원을 제공합니다. 협력의 목표는 고급 자율 기능을 통해 ROV 서비스를 향상시키는 것이며, 나우티쿠스는 유지보수 소프트웨어에서 발생하는 연간 반복 수익을 누리게 됩니다. 파트너십은 효율성 향상, CO2 배출 감소, 임무 완료 시간 단축, 작업자 관련 지연을 줄이는 것을 목표로 합니다.
Nauticus Robotics (NASDAQ: KITT) a annoncé une collaboration stratégique avec SeaTrepid International pour intégrer et tester son logiciel ToolKITT sur la flotte de ROV de SeaTrepid. Ce partenariat se concentre sur la mise en œuvre d'une capacité automatique de maintien de position, permettant aux pilotes de ROV de stabiliser les véhicules lors des opérations sous-marines. Nauticus fournira une licence logicielle perpétuelle, tandis que SeaTrepid offrira des installations et un soutien en main-d'œuvre pour les tests. L'objectif de cette collaboration est d'améliorer les services de ROV grâce à des capacités autonomes avancées, Nauticus bénéficiant de revenus annuels récurrents pour la maintenance logicielle. Le partenariat vise à améliorer l'efficacité, réduire les émissions de CO2, accélérer les délais de complétion des missions et limiter les retards liés aux opérateurs.
Nauticus Robotics (NASDAQ: KITT) hat eine strategische Zusammenarbeit mit SeaTrepid International angekündigt, um die ToolKITT-Software in der ROV-Flotte von SeaTrepid zu integrieren und zu testen. Der Schwerpunkt der Partnerschaft liegt auf der Implementierung einer automatischen Stationierungsfähigkeit, die es ROV-Piloten ermöglicht, die Fahrzeuge während der Unterwasseroperationen zu stabilisieren. Nauticus wird eine unbefristete Softwarelizenz bereitstellen, während SeaTrepid Einrichtungen und unterstützendes Personal für die Tests anbietet. Ziel der Zusammenarbeit ist es, die ROV-Dienstleistungen durch fortschrittliche autonome Funktionen zu verbessern, wobei Nauticus von wiederkehrenden jährlichen Einnahmen aus der Softwarewartung profitiert. Die Partnerschaft zielt darauf ab, die Effizienz zu steigern, die CO2-Emissionen zu reduzieren, die Missionen schneller abzuschließen und betriebsbedingte Verzögerungen zu verringern.
- Secured new revenue stream through perpetual software license sale
- Established recurring annual software maintenance revenue
- Expanded market reach for ToolKITT software into broader ROV market
- Partnership enables real-world testing and validation of technology
- Financial terms of the agreement not disclosed
- Implementation timeline and revenue impact not specified
Insights
This strategic partnership marks a significant milestone in subsea robotics automation. The integration of ToolKITT software into SeaTrepid's ROV fleet represents a major technological advancement with immediate commercial applications. The automatic station-keeping capability addresses a critical operational challenge, potentially reducing operational costs and improving efficiency.
The perpetual license model with recurring maintenance revenues creates a sustainable revenue stream for Nauticus. The incremental rollout approach, starting with station-keeping before expanding to more advanced features, demonstrates a pragmatic commercialization strategy. This collaboration could serve as a blueprint for broader market adoption, particularly given SeaTrepid's diverse client base across commercial, military and scientific sectors.
This deal represents a strategic market entry for Nauticus' ToolKITT software into the broader ROV market. The collaboration provides multiple revenue streams:
- Initial perpetual license fees
- Recurring annual maintenance revenues
- Potential for additional feature deployments
Under this collaboration, Nauticus will install a perpetual license of its ToolKITT software onto an ROV, with SeaTrepid providing access to its facilities and workforce to support pool testing during the certification process. SeaTrepid will gain a competitive edge through enhanced ROV services, while Nauticus will benefit from recurring annual software maintenance revenues post-deployment.
The collaboration's first focus is implementing ToolKITT's automatic station-keeping capability. This feature will enable ROV pilots to stabilize the vehicle during subsea operations, reducing workload and improving precision. Following the successful deployment of this initial capability, additional advanced features of ToolKITT will be rolled out incrementally.
John Gibson, CEO and President of Nauticus Robotics, stated, "We are thrilled to work with Bob Christ and the team at SeaTrepid. Together, we aim to revolutionize subsea operations by advancing autonomous ROV capabilities. By equipping SeaTrepid's ROVs with ToolKITT, we can deliver significant efficiency gains, including reduced CO2 emissions, faster mission completion times, and fewer operator-related delays. This collaboration represents an exciting entry point for ToolKITT into the broader ROV market, building on its recent success on the Aquanaut Mark 2 vehicle earlier this year."
Bob Christ, CEO of SeaTrepid, added, "This collaboration with Nauticus allows us to integrate cutting-edge software into our fleet, paving the way for SeaTrepid to become the first autonomous ROV service provider. We're excited about the opportunities this technology presents for transforming subsea operations and look forward to delivering enhanced capabilities to our clients."
This collaboration underscores Nauticus' and SeaTrepid's shared commitment to advancing augmented autonomy in subsea robotics. By leveraging existing ROV infrastructure, the collaboration aims to accelerate market adoption of autonomous technologies while providing cross-training opportunities for their teams.
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.
About SeaTrepid International
SeaTrepid International, LLC is an applied robotic solutions provider offering support for commercial, public safety, municipal, military and scientific applications. They own and operate a variety of robotic equipment and sensor suites for both inland and offshore customers worldwide.
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 10, 2024. 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.
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SOURCE Nauticus Robotics, Inc.
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