Contract Leads to Potential Market worth over $100 Million Per Year – Expands Nauticus’ International Presence to South America

HOUSTON, June 23, 2023 (GLOBE NEWSWIRE) — Nauticus Robotics, Inc. (“Nauticus” or the “Company”) (NASDAQ: KITT), a developer of autonomous robots using artificial intelligence for data collection and intervention services for the ocean industries, today announced that it has been contracted by Petrobras to develop and test the AUV Aquanaut in Brazil.

Exciting news for Nauticus Robotics, Inc.! The company has landed a lucrative contract with Petrobras to develop and test the AUV Aquanaut in Brazil. This contract not only has the potential to bring in over $100 million per year for Nauticus, but it also marks a significant expansion of the company’s international presence into South America.

With their expertise in developing autonomous robots using artificial intelligence for data collection and intervention services in the ocean industries, Nauticus is well-positioned to deliver top-notch solutions to Petrobras. The AUV Aquanaut, in particular, is a cutting-edge technology that promises to revolutionize underwater exploration and data collection.

How This Contract Will Impact Me

As a consumer, this contract may not have a direct impact on me. However, the advancements made by Nauticus in developing the AUV Aquanaut could have ripple effects in the industry, leading to more efficient and cost-effective solutions for ocean exploration and data collection.

How This Contract Will Impact the World

On a larger scale, this contract between Nauticus and Petrobras has the potential to drive innovation in the field of autonomous underwater vehicles and artificial intelligence. The AUV Aquanaut could pave the way for more sophisticated and environmentally friendly ways of exploring and monitoring the ocean, ultimately benefiting the world as a whole.

Conclusion

In conclusion, Nauticus Robotics, Inc.’s contract with Petrobras to develop and test the AUV Aquanaut in Brazil is a significant milestone for the company. Not only does it open up a potential market worth over $100 million per year, but it also expands Nauticus’ international presence to South America. This partnership has the potential to drive innovation in the industry and bring about positive changes in ocean exploration and data collection worldwide.