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Nauticus Robotics Completes Aquanaut Mark 2 Evaluation Agreement with a Global Supermajor Oil & Gas Customer

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Nauticus Robotics (NASDAQ: KITT) has completed a subsea field inspection project for a second global supermajor oil and gas company in the Gulf of Mexico using its Aquanaut Mark 2 underwater vehicle. The project involved multiple days of visual inspections of subsea assets, demonstrating the company's autonomous technology capabilities. The successful demonstration has led to discussions about potential 2025 projects. The company emphasizes that their autonomous technology can significantly reduce daily diesel fuel consumption and associated emissions for each Aquanaut in operation.

Nauticus Robotics (NASDAQ: KITT) ha completato un progetto di ispezione di un campo sottomarino per un secondo gruppo petrolifero e del gas globale nel Golfo del Messico utilizzando il suo veicolo sottomarino Aquanaut Mark 2. Il progetto ha previsto diversi giorni di ispezioni visive delle risorse sottomarine, dimostrando le capacità tecnologiche autonome dell'azienda. La dimostrazione di successo ha portato a discussioni su potenziali progetti nel 2025. L'azienda sottolinea che la propria tecnologia autonoma può ridurre significativamente il consumo quotidiano di carburante diesel e le emissioni associate per ogni Aquanaut in funzione.

Nauticus Robotics (NASDAQ: KITT) ha completado un proyecto de inspección de campo submarino para una segunda empresa petrolera y de gas global en el Golfo de México utilizando su vehículo submarino Aquanaut Mark 2. El proyecto implicó varios días de inspecciones visuales de activos submarinos, demostrando las capacidades tecnológicas autónomas de la empresa. La exitosa demostración ha llevado a conversaciones sobre posibles proyectos para 2025. La empresa enfatiza que su tecnología autónoma puede reducir significativamente el consumo diario de combustible diésel y las emisiones asociadas para cada Aquanaut en operación.

나우티쿠스 로보틱스 (NASDAQ: KITT)는 멕시코 만에서 두 번째 글로벌 슈퍼메이저 석유 및 가스 회사의 해양 필드 검사 프로젝트를 아쿠아너트 마크 2 수중 차량을 사용하여 완료했습니다. 이 프로젝트는 해양 자산에 대한 여러 날의 시각적 검사를 포함했으며, 회사의 자율 기술 능력을 입증했습니다. 성공적인 시연은 2025년 프로젝트에 대한 논의로 이어졌습니다. 회사는 자사의 자율 기술이 운영 중인 각 아쿠아너트에 대해 일일 디젤 연료 소비와 관련된 배출량을 상당히 줄일 수 있다고 강조합니다.

Nauticus Robotics (NASDAQ: KITT) a achevé un projet d'inspection de champ sous-marin pour une deuxième grande entreprise pétrolière et gazière mondiale dans le Golfe du Mexique en utilisant son véhicule sous-marin Aquanaut Mark 2. Le projet a impliqué plusieurs jours d'inspections visuelles d'actifs sous-marins, montrant les capacités technologiques autonomes de l'entreprise. La démonstration réussie a conduit à des discussions sur d'éventuels projets pour 2025. L'entreprise souligne que sa technologie autonome peut réduire considérablement la consommation quotidienne de carburant diesel et les émissions associées pour chaque Aquanaut en opération.

Nauticus Robotics (NASDAQ: KITT) hat ein Projekt zur Inspektion eines Unterwasserfelds für ein zweites globales Supermajors-Öl- und Gasunternehmen im Golf von Mexiko mit seinem Aquanaut Mark 2 Unterwasserfahrzeug abgeschlossen. Das Projekt umfasste mehrere Tage visuelle Inspektionen von Unterwasseranlagen und demonstrierte die autonomen Technologie-Fähigkeiten des Unternehmens. Die erfolgreiche Demonstration hat zu Gesprächen über mögliche Projekte im Jahr 2025 geführt. Das Unternehmen betont, dass ihre autonome Technologie den täglichen Dieselkraftstoffverbrauch und die damit verbundenen Emissionen für jedes im Betrieb befindliche Aquanaut erheblich reduzieren kann.

Positive
  • Completed successful demonstration project with major oil & gas customer
  • Potential business expansion through 2025 project discussions
  • Technology validation by second global supermajor customer
  • Demonstrated operational capability in real-world conditions
Negative
  • None.

Insights

The completion of an evaluation agreement with a second major oil & gas company marks a significant milestone for Nauticus, though financial terms remain undisclosed. The successful demonstration of Aquanaut Mark 2's inspection capabilities in the Gulf of Mexico validates the platform's commercial viability. Key technological advantages include:

  • Autonomous operation reducing human intervention and operational costs
  • Environmental benefits through reduced fuel consumption
  • Advanced AI and sensor integration for adaptive decision-making

While discussions for 2025 projects indicate potential future revenue streams, the company's $7.6M market cap suggests investors remain cautious about scalability. The technology's proven effectiveness with multiple supermajors could lead to broader industry adoption, but near-term financial impact remains uncertain without disclosed contract values.

HOUSTON, Dec. 2, 2024 /PRNewswire/ -- Nauticus Robotics, Inc. (NASDAQ: KITT), a leading innovator in autonomous subsea robotics and software, recently completed a project for a second global supermajor oil and gas company in the Gulf of Mexico (GOM) to perform a subsea field inspection utilizing its flagship underwater vehicle, Aquanaut Mark 2.

Nauticus' Autonomous Solutions team completed the inspection in the GOM last month. The scope involved multiple days of executing visual inspections of subsea assets. This demonstration aimed to validate the ability of Nauticus' technology to fulfill the customer's subsea technology roadmap. Nauticus and the customer are discussing 2025 projects.

Nauticus' CEO and President, John Gibson, commented, "We are excited to be in collaboration with another critical customer. Our mutual goal is the enhancement of decision-making while minimizing environmental impact. By deploying autonomous technology, we can materially reduce daily diesel fuel consumption and associated emissions for each Aquanaut in operation."

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 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.

FAQ

What project did Nauticus Robotics (KITT) complete in the Gulf of Mexico?

Nauticus Robotics completed a subsea field inspection project using its Aquanaut Mark 2 underwater vehicle for a global supermajor oil and gas company in the Gulf of Mexico.

What are the environmental benefits of Nauticus Robotics' (KITT) Aquanaut technology?

The Aquanaut technology can materially reduce daily diesel fuel consumption and associated emissions compared to traditional subsea operations.

What future opportunities is Nauticus Robotics (KITT) discussing from this demonstration?

Nauticus Robotics is in discussions with the customer regarding potential projects for 2025 following the successful demonstration.

Nauticus Robotics, Inc.

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