Nauticus Robotics Initiates International Expansion with Operating Bases in Norway and the United Kingdom & More Trending News

Autonomous Ocean Robotics Leader’s International Expansion Strategy for 2023 and Beyond Starting with Openings in Europe

Nauticus Robotics

HOUSTON, Jan. 18, 2023 (GLOBE NEWSWIRE) — Nauticus Robotics, Inc. (“Nauticus” or the “Company”) (NASDAQ: KITT), a developer of ocean robots, autonomy software program, and companies to the marine industries, at present introduced the initiation of its operations in Norway and the United Kingdom, starting the Company’s worldwide growth technique for 2023 and past.

The working bases are strategically situated in Stavanger, Norway and Aberdeen, Scotland to service the North Sea offshore market. The Company will deploy property and collaborate with native companions to service the area’s intensive offshore wind and oil and fuel property with its increasing Nauticus Fleet, a robotic navy of floor and subsea robots. These regional bases will present native material experience and logistics as the Company’s worldwide operations proceed to develop. Eventually, Nauticus plans to open bases round the world, strategically situated in focused progress markets and geared up with native distant operation facilities and service groups.

“The ocean touches nearly every aspect of our lives, yet paradoxically seems to receive less attention and innovation when compared to other sectors,” stated Nicolaus Radford, founder and CEO of Nauticus. “As we expand our operations to these strategic locales and beyond, our core mission remains the same: to become the most impactful ocean robotics company and realize a future where autonomous robotic technologies are commonplace and enable the blue economy for the better. We are eager to ramp up activities in these international markets as our growing team contributes to our mission.”

In April 2022, Nauticus commenced manufacturing of its Nauticus Fleet – a robotic navy of Hydronaut and Aquanaut pairs. Initial supply to its strategic worldwide bases is anticipated to start in Q2 2023. These tandem pairs will likely be deployed to a number of areas round the world to service offshore industries starting from subsea upkeep and intervention to knowledge assortment actions.

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About Nauticus
Nauticus Robotics, Inc. Robotics, Inc. is a developer of ocean robots, autonomy software program, and companies delivered to the marine industries. Nauticus’ robotic techniques and companies are delivered to industrial and government-facing prospects by way of a Robotics-as-a-Service (RaaS) enterprise mannequin and direct product gross sales for each {hardware} platforms and software program licenses. Besides a standalone service providing and merchandise, Nauticus’ method to ocean robotics has additionally resulted in the improvement of a spread of expertise merchandise for retrofitting/upgrading legacy techniques and different third-party car platforms. Nauticus gives prospects with the crucial knowledge assortment, analytics, and subsea manipulation capabilities to help and preserve property whereas lowering their operational footprint, working value, and greenhouse fuel emissions to enhance offshore well being, security, and environmental publicity.

Forward-Looking Statements
This press launch incorporates forward-looking statements inside the that means of Section 21E of the Securities Exchange Act of 1934, as amended (the “Act”) and are meant to get pleasure from the safety of the secure harbor for forward-looking statements offered by the Act in addition to protections afforded by different federal securities legal guidelines. Such forward-looking statements embrace the anticipated timing of product commercialization or new product releases; buyer curiosity in Nauticus’ merchandise; estimated 2022 working outcomes and use of money; and Nauticus’ use of and wants for capital. Generally, statements that aren’t historic details, together with statements regarding potential or assumed future actions, enterprise methods, occasions, or outcomes of operations, are forward-looking statements. These statements could also be preceded by, adopted by or embrace the phrases “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates,” “intends” or “continue” or comparable expressions. Forward-looking statements inherently contain dangers and uncertainties which will trigger precise occasions, outcomes or efficiency to vary materially from these indicated by such statements. These forward-looking statements are primarily based on Nauticus’ administration’s present expectations and beliefs, in addition to numerous assumptions regarding future occasions. There could be no assurance that the occasions, outcomes, or developments recognized in these forward-looking statements will happen or be achieved. Forward-looking statements communicate solely as of the date they’re made, and Nauticus is just not beneath any obligation and expressly disclaims any obligation, to replace, alter or in any other case revise any forward-looking assertion, whether or not because of new data, future occasions, or in any other case, besides as required by regulation. Readers ought to rigorously evaluation the statements set forth in the experiences which Nauticus has filed or will file infrequently with the Securities and Exchange Commission (the “SEC”) for a extra full dialogue of the dangers and uncertainties dealing with the Company and that would trigger the forward-looking statements no to happen, in specific the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in paperwork filed infrequently with the SEC, together with Nauticus’ Quarterly Report on Form 10-Q filed with the SEC on November 14, 2022. The paperwork filed by Nauticus with the SEC could also be obtained freed from cost at the SEC’s web site at www.sec.gov.

Investor Relations Contact:
Cody Slach or Jeff Grampp, CFA
Gateway Group, Inc.
(949) 574-3860
KITT@GatewayIR.com

Media Contact:
Zach Kadletz
Gateway Group, Inc.
(949) 574-3860
KITT@GatewayIR.com

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