Nauticus Robotics Announces Notification of NASDAQ Listing Extension
Nauticus Robotics Inc. (NASDAQ: KITT), a leader in autonomous subsea robotics and software, has received an extension from Nasdaq to regain compliance with listing standards by December 31, 2024. This follows a Nasdaq Hearings Panel meeting on September 5, 2024, where Nauticus presented its compliance plan. The company remains listed on the Nasdaq Capital Market and will continue working towards resolving all compliance issues before the deadline.
Nauticus develops autonomous robots for ocean industries, focusing on reducing operational costs and gathering data for subsea infrastructure maintenance. Their business model includes robotic services, vehicle and component sales, and software licensing for commercial and defense sectors. The company is currently testing and certifying a new generation of vehicles and has developed technology products for retrofitting traditional ROV operations.
Nauticus Robotics Inc. (NASDAQ: KITT), un leader nella robotica sottomarina autonoma e nel software, ha ricevuto un'estensione da Nasdaq per ripristinare la conformità agli standard di quotazione entro il 31 dicembre 2024. Questo segue un incontro del Nasdaq Hearings Panel del 5 settembre 2024, dove Nauticus ha presentato il proprio piano di conformità. L'azienda rimane quotata nel Nasdaq Capital Market e continuerà a lavorare per risolvere tutte le questioni di conformità prima della scadenza.
Nauticus sviluppa robot autonomi per le industrie oceaniche, concentrandosi sulla riduzione dei costi operativi e sulla raccolta di dati per la manutenzione delle infrastrutture sottomarine. Il loro modello di business include servizi robotici, vendite di veicoli e componenti, e licenze software per i settori commerciale e della difesa. L'azienda sta attualmente testando e certificando una nuova generazione di veicoli e ha sviluppato prodotti tecnologici per l'adeguamento delle operazioni ROV tradizionali.
Nauticus Robotics Inc. (NASDAQ: KITT), un líder en robótica submarina autónoma y software, ha recibido una extensión de Nasdaq para recuperar el cumplimiento de los estándares de listado antes del 31 de diciembre de 2024. Esto sigue a una reunión del Nasdaq Hearings Panel el 5 de septiembre de 2024, donde Nauticus presentó su plan de cumplimiento. La empresa sigue listada en el Nasdaq Capital Market y continuará trabajando para resolver todos los problemas de cumplimiento antes de la fecha límite.
Nauticus desarrolla robots autónomos para las industrias oceánicas, centrando su atención en reducir los costos operativos y recopilar datos para el mantenimiento de infraestructuras submarinas. Su modelo de negocio incluye servicios robóticos, ventas de vehículos y componentes, y licencias de software para los sectores comercial y de defensa. La empresa está actualmente probando y certificando una nueva generación de vehículos y ha desarrollado productos tecnológicos para adaptar las operaciones ROV tradicionales.
Nauticus Robotics Inc. (NASDAQ: KITT)는 자율 수중 로봇 및 소프트웨어 분야의 선두업체로, 2024년 12월 31일까지 상장 기준을 회복하기 위해 Nasdaq으로부터 연장을 받았습니다. 이는 2024년 9월 5일에 열린 Nasdaq 청문회 패널 회의에서 Nauticus가 준수 계획을 발표한 후 이루어진 일입니다. 회사는 Nasdaq 자본 시장에 계속 상장되어 있으며 마감일 전에 모든 준수 문제를 해결하기 위해 계속 노력할 것입니다.
Nauticus는 해양 산업을 위해 자율 로봇을 개발하며, 운영 비용을 줄이고 수중 인프라 유지 관리를 위한 데이터를 수집하는 데 주력하고 있습니다. 그들의 비즈니스 모델은 로봇 서비스, 차량 및 구성 요소 판매, 상업 및 방위 부문을 위한 소프트웨어 라이센스를 포함합니다. 현재 새로운 세대의 차량을 테스트하고 인증하고 있으며 전통적인 ROV 작업에 적합한 기술 제품을 개발했습니다.
Nauticus Robotics Inc. (NASDAQ: KITT), un leader dans la robotique sous-marine autonome et les logiciels, a reçu une prolongation de la Nasdaq pour retrouver la conformité avec les normes de cotation d'ici le 31 décembre 2024. Cela fait suite à une réunion du Nasdaq Hearings Panel le 5 septembre 2024, où Nauticus a présenté son plan de conformité. L'entreprise reste cotée sur le Nasdaq Capital Market et continuera à travailler pour résoudre tous les problèmes de conformité avant la date limite.
Nauticus développe des robots autonomes pour les industries océaniques, se concentrant sur la réduction des coûts d'exploitation et la collecte de données pour la maintenance des infrastructures sous-marines. Son modèle commercial comprend des services robotiques, la vente de véhicules et de composants, ainsi que des licences logicielles pour les secteurs commercial et de la défense. L'entreprise teste et certifie actuellement une nouvelle génération de véhicules et a développé des produits technologiques pour moderniser les opérations ROV traditionnelles.
Nauticus Robotics Inc. (NASDAQ: KITT), ein führendes Unternehmen im Bereich autonomer Unterwasserrobotik und Software, hat eine Fristverlängerung von Nasdaq erhalten, um bis zum 31. Dezember 2024 die Einhaltung der Listungsstandards wiederherzustellen. Dies folgt auf ein Treffen des Nasdaq Hearings Panels am 5. September 2024, bei dem Nauticus seinen Compliance-Plan präsentierte. Das Unternehmen bleibt im Nasdaq Capital Market gelistet und wird weiterhin daran arbeiten, alle Compliance-Probleme vor der Frist zu lösen.
Nauticus entwickelt autonome Roboter für die Ozeanindustrie und konzentriert sich darauf, die Betriebskosten zu senken und Daten für die Wartung von Unterwasserinfrastrukturen zu sammeln. Ihr Geschäftsmodell umfasst robotergestützte Dienstleistungen, den Verkauf von Fahrzeugen und Komponenten sowie Softwarelizenzen für den gewerblichen und verteidigenden Sektor. Das Unternehmen testet und zertifiziert derzeit eine neue Generation von Fahrzeugen und hat Technologieprodukte entwickelt, um traditionelle ROV-Operationen nachzurüsten.
- Received extension from Nasdaq to regain compliance until December 31, 2024
- Remains listed on Nasdaq Capital Market during compliance period
- Developing new generation of vehicles to reduce operational costs
- Diverse business model including services, sales, and software licensing
- Currently not in compliance with Nasdaq listing standards
- Faces potential delisting if compliance is not achieved by December 31, 2024
The letter received from Nasdaq grants Nauticus an exception until December 31, 2024 to demonstrate compliance with the Nasdaq Capital Market listing rules. Nauticus management presented its detailed plan to gain compliance during the Nasdaq Hearings Panel meeting held on September 5, 2024.
Nauticus will continue to work through its plan with intent to resolve all compliance issues before the deadline of December 31, 2024.
With the granting of this Nasdaq exception, Nauticus remains listed on the Nasdaq capital market. Once the compliance plan is fully executed, Nauticus will make further disclosures describing the actions taken by the Company to achieve compliance.
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 compliance with Nasdaq continued listing rules and the company's capacity to regain the compliance. 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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