Artificial Intelligence
Kraken Announces $3 Million of Government of Canada Funding for ThunderFish® XL Development
ST. JOHN’S, Newfoundland, Aug. 31, 2020 (GLOBE NEWSWIRE) — Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), Canada’s Ocean Company, is pleased to announce that it will receive a $2,909,891 non-refundable financial contribution from the National Research Council of Canada’s Industrial Research Assistance Program (NRC-IRAP). The funding will be received over a 26-month project period and will be used to support the development of Kraken’s seabed resident ThunderFish® XL Autonomous Underwater Vehicle (TFXL AUV).
Building from the previous development efforts of the ThunderFish® Alpha AUV, the ThunderFish® XL AUV will be larger and with an increased depth rating, have a larger payload capacity and have longer mission endurance. Most importantly, the ThunderFish® XL will have key capabilities that are lacking with similar underwater vehicles in the industry today. These include: 1) the ability to transition from high-speed survey mode to “zero” speed hovering mode in-mission; 2) through-the sensor acoustic, laser and optical target detection, image recognition and inspection; and, 3) using onboard sensors to improve vehicle navigational accuracy.
ThunderFish® XL will be depth rated to 6,000 metres and carry an array of sensors and custom payload modules, including Kraken’s AquaPix® Synthetic Aperture Sonar, SeaVision® 3D laser profiler, SeaThrust® rim-driven thrusters and SeaPower® pressure tolerant batteries. All of these will be integrated with advanced artificial intelligence algorithms onboard the vehicle. In addition, the modular design will allow for rapid sensor reconfiguration and battery replacement. Finally, Kraken will develop a conceptual design for a robust and autonomous multi-modal docking solution allowing TFXL to function as a seabed resident AUV that can run a wide variety of missions from its underwater docking station.
It should be noted that the ThunderFish® XL is significantly different from the more common “long endurance” AUVs that are prevalent today. Notable differences include:
- A much longer period of time in water;
- Period of deployment involves multiple missions;
- Vehicle may be completely shut down between missions;
- Typically utilizes a subsea docking structure for safety; and
- Typically involves charging and/or data download/communications while at dock.
Kraken CEO Comments
Karl Kenny, Kraken’s President and CEO said, “The National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP) has been an invaluable partner to Kraken for many years. We sincerely appreciate their commitment to help us further develop our ThunderFish® XL AUV. AUVs have evolved from an emerging, niche technology to a viable solution and an established part of underwater operations in both military and commercial applications. By combining our advanced sensor technologies with cutting edge artificial intelligence algorithms, it is our objective to deliver a cost-effective AUV solution that is truly autonomous as opposed to being simply automated. TFXL is a rectangle shaped, hovering AUV being developed for subsea resident applications. In the AUV space, Kraken is focused on using our in-house developed AUVs and procured AUVs to build a fleet of vehicles capable of providing Robotics as a Service rather than having a primary focus on selling AUVs. We expect that this will provide Kraken with a unique and valuable market position.”
ABOUT KRAKEN ROBOTICS INC.
Kraken Robotics Inc. (TSX.V:PNG) (OTCQB: KRKNF) is a marine technology company dedicated to the production and sale of software-centric sensors, subsea batteries and thrusters, and underwater robotic systems. The company is headquartered in St. John’s, Newfoundland with offices in Dartmouth, Nova Scotia; Toronto, Ontario; Bremen & Rostock, Germany; and Boston, Massachusetts. Kraken is ranked as a Top 100 marine technology company by Marine Technology Reporter. For more information, please visit www.krakenrobotics.com, www.krakenrobotik.de, www.krakenpower.de. Find us on social media on Twitter (@krakenrobotics), Facebook (@krakenroboticsinc) and LinkedIn.
Certain information in this news release constitutes forward-looking statements. When used in this news release, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “seek”, “propose”, “estimate”, “expect”, and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect the Company’s current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors set out in the Company’s public disclosure documents. Many factors could cause the Company’s actual results, performance or achievements to vary from those described in this news release, including without limitation those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release and such forward-looking statements included in, or incorporated by reference in this news release, should not be unduly relied upon. Such statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
Neither the TSX Venture Exchange Inc. nor its Regulation Services Provide (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release, and the OTCQB has neither approved nor disapproved the contents of this press release.
For further information, please contact:
Joe MacKay, Chief Financial Officer
(416) 303-0605
[email protected]
Greg Reid, Chief Operating Officer
(416) 818-9822
[email protected]
Sean Peasgood, Investor Relations
(647) 955-1274
[email protected]
Shauna Cotie, Marketing Manager
(709) 757-5757 x 241
[email protected]
Photos accompanying this announcement are available at
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Artificial Intelligence
CUJO AI Hits 3 Billion Devices, With EE Also Revealed As Latest Client
CUJO AI is the first device intelligence and cybersecurity service provider to reach an unprecedented scale within carrier production networks.
LOS ANGELES, May 22, 2024 /PRNewswire/ — CUJO AI, the global leader in AI-driven cybersecurity and device intelligence, has reached an unprecedented scale, with over 3 billion devices identified and protected by its solutions worldwide. This significant milestone coincides with the confirmation of its collaboration with EE, one of the United Kingdom’s leading telecommunications providers.
With billions of devices connecting to the internet, the role of CUJO AI in shaping the future of digital security through device intelligence has never been more critical. By leveraging advanced AI and machine learning algorithms, CUJO AI offers network operators and service providers unparalleled insights into device behaviour, security needs, and operational health. These capabilities enable network service providers to optimize network management, enhance user experiences, and provide robust security measures that proactively protect against emerging threats.
“Crossing the 3 billion device threshold is not just a testament to our technological prowess, but also to the trust we have built with leading telecom giants around the world, including our latest engagement with EE,” said Remko Vos, CEO of CUJO AI. “This relationship reflects our shared vision to provide a secure and superior digital experience by leveraging our AI-driven solutions to protect users worldwide.”
CUJO AI has been working with EE to provide integrated cybersecurity solutions for its latest range of home routers launched last year, including support for the newly launched Smart Hub Plus.
Trusted by global telecommunications giants like Comcast, Charter Communications, TELUS, Sky Italia, Sky UK, Rogers, Cox, Shaw, and Videotron, EE CUJO AI provides actionable, real-time data insights. This translates into superior network management, heightened security, and unmatched customer satisfaction.
About CUJO AI
CUJO AI enhances the ability to understand, serve, and protect their customers with advanced cybersecurity, along with granular network and device intelligence for network service providers. Covering 3 billion connected devices, CUJO AI’s advanced AI algorithms assist clients in uncovering previously unavailable insights, thereby elevating customer experience and retention through new value propositions and superior operational services. Fully compliant with all privacy regulations, CUJO AI’s services are trusted by the largest broadband operators worldwide, including Comcast, Charter Communications, BT (EE), TELUS, Sky Italia, Sky UK, Rogers, Cox, Shaw, and Videotron. More information is available at https://cujo.com.
CONTACT: Viktorija Vilke, [email protected]
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Artificial Intelligence
EDGNEX Data Centres by DAMAC Announces a 15 MW Data Center Investment in Indonesia
JAKARTA, Indonesia, May 22, 2024 /PRNewswire/ — EDGNEX Data Centres by DAMAC, a global digital infrastructure provider and part of the DAMAC Group, has announced its investment into the Indonesian market with a state-of-the-art data center to be built in Jakarta. This announcement was made at the Indonesia Cloud & Datacenter Convention 2024 on May 16, 2024. The first phase of the construction is scheduled to be completed in the fourth quarter of 2025, marking a significant step in the company’s strategic efforts to support the dynamic digital economy and startup ecosystem in Southeast Asia’s fastest-growing country.[1]
Indonesia, as the largest economy in Southeast Asia, experienced a growth rate of 5% year-on-year from January to March 2023. Currently, Jakarta is preparing to increase its data center capacity to 1GW. To support this growth, more colocation data centers adhering to sustainable Tier III standards and offering high uptime and reliability are needed to meet the rising demand for internet usage in the region.[2]
In response to these needs, EDGNEX is providing a foundation for innovation and disrupting the data center market by delivering advanced technology to meet the increasing demand from Cloud Service Providers (CSP) and AI deployments.[3]
Hussain Sajwani, Founder and Chairman of the DAMAC Group, commented, “EDGNEX identifies and invests in present and next-generation digital hubs. The government’s robust digitalisation efforts, high internet penetration and a tech-savvy, youthful demographic, necessitate advanced infrastructure to support the burgeoning digital economy. With this announcement we are pleased to support the government’s efforts and to bring our expertise in setting new standards for data centres in Southeast Asia, catalysing further technological innovation and growth across the region.”
The new data center is strategically located in MT Haryono, Jakarta, just 3 kilometers from one of the most interconnected data center clusters – the most important internet exchange point in central Jakarta. This facility will have dual road access and excellent fiber optic connectivity, ensuring enhanced service reliability and superior performance to meet the evolving demands of customers.
Danish Nayar, SVP of Investments and Acquisitions, DAMAC Capital, added: “We are excited by the growth opportunities in Jakarta. Our new facility in downtown Jakarta will address the growing demand for Cloud Service Providers, Edge Nodes, and potential Artificial Intelligence deployments. We are also investing in a similar format across SEA and globally.”
[1]Data Center Trends Report Equinix 2023[2] Data Center Trends Report Equinix 2023 [3] Equinix: Southeast Asian Markets are Emerging as a Powerhouse for Digital Growth
About EDGNEX
EDGNEX is a global digital infrastructure company headquartered in Dubai, United Arab Emirates. It is a wholly owned subsidiary of the DAMAC Group. EDGNEX is providing a foundation for local innovation across the globe and disrupting the data centre market with new speed and agility. It proactively builds, buys, or partners to serve the next wave of demand for data centre services.
Where We Go, Others Follow. www.edgnex.com
For media inquiries, please contact:Image DynamicsNajla [email protected]+62813-2090-9717Angelina [email protected]+62812-9942-7117
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Artificial Intelligence
VisionFlow Launches Talkit: Revolutionizing language learning with a westworld-like immersive 3D world
PARIS, May 22, 2024 /PRNewswire/ — VisionFlow, an innovative AI-native startup, announces the launch of Talkit in France, a 3D world app powered by generative AI that revolutionizes spoken English learning with a personalized, engaging, and immersive experience.
From May 22 to 25, VisionFlow will showcase Talkit at VivaTechnology, demonstrating its capabilities on both smartphones and the Apple Vision Pro headset for an enhanced immersive experience. Following its initial launch, Talkit will also be available on Google Play and Apple Vision Pro in June.
Talkit differentiates itself from traditional teaching methods by offering an exceptionally adaptive approach to language learning. Users are immersed in a virtual world where they can improve their spoken English skills through real-time, tailored scenarios. With customizable avatars, users can choose from various learning themes, such as preparing for travel, practicing for interviews, and even simulating medical emergencies, all accessible from their smartphones anytime, anywhere.
VisionFlow leverages generative AI technologies to power the engaging learning experience in Talkit. It is a scenario creation loop that personalizes content, difficulty levels, and interactive experiences. This dynamic, seamless, and exclusive generation process adjusts learning points to each user’s language proficiency.
By analyzing users’ input and progress, Talkit breaks down learning goals and needs into multiple personalized scenarios and exercises, helping them truly improve their language expression and communication skills.
As users continue to interact with avatars, their conversations are continuously memorized, enabling Talkit to better understand each user over time, thereby fostering a strong sense of connection with the virtual characters.
About VisionFlow
Founded by Leo Liu in 2023, VisionFlow aims to create a 3D world for 2 billion language learners worldwide, delivering a personalized and immersive language learning experience. Leo Liu is a renowned AI educational technology entrepreneur, founder of the unicorn Knowbox, and the driving force behind the Homework Box AI learning app, which is used by over 100,000 schools and 100 million students to improve their grades. VisionFlow’s core team consists of experts from leading internet giants and top online education companies, bringing extensive expertise in AI products and technology, global growth strategies, and data-driven operations.
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