Nauticus Robotics Announces Start of the 2025 Offshore Season
Rhea-AI Summary
Nauticus Robotics (NASDAQ: KITT) has launched its 2025 offshore season with two significant ROV deployments. The first ROV secured a long-term contract with a marine transportation company for oil and gas drill support operations in the Gulf Coast, supporting an international energy company for a minimum of 120 days.
The second ROV, after completing an offshore wind industry project off the New England Coast, is being relocated to the Gulf Coast. It will be placed on a vessel alongside an Aquanaut vehicle for potential environmental and oil and gas industry operations. This dual-vehicle deployment aims to expand Nauticus' Aquanaut customer base while maintaining existing relationships.
The company develops autonomous robots for ocean industries, focusing on reducing operational costs and improving data collection for subsea infrastructure maintenance. Their business model includes robotic services, vehicle sales, and software licensing across commercial and defense sectors.
Positive
- Secured minimum 120-day contract for ROV operations in Gulf Coast
- Strategic deployment of dual-vehicle system (ROV + Aquanaut) on single vessel
- Successfully completed offshore wind industry project ahead of schedule
- Expanding market presence across multiple sectors (oil & gas, environmental, offshore wind)
Negative
- Heavy reliance on oil and gas sector contracts
- Second ROV currently between contracts after early project completion
News Market Reaction
On the day this news was published, KITT declined 2.68%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
The first ROV has a long-term contract with a leading marine transportation company to provide oil and gas drill support operations off the Gulf Coast. This work supports an international energy company for a minimum of 120 days. Additional days beyond the firm scope are anticipated.
The second ROV completed mobilization earlier this month in support of the offshore wind industry off the New England Coast. This project completed early and the ROV system is moving to the Gulf Coast for placement on a vessel chartered by Nauticus alongside an Aquanaut vehicle for the remainder of the 2025 season. Ongoing customer discussions are expected to result in Gulf Coast operations for the environmental and oil and gas industries. The combination of both vehicles onboard a single vessel will provide the opportunity to expand Nauticus' Aquanaut customer base while continuing the strong relationships with its early adopters.
Steve Walsh, Vice President of Nauticus Robotics Sales, commented, "The opportunities for increased offshore safety, vehicle uptime, and efficient operations are enormous. The combined solutions between SeaTrepid and Nauticus have created excitement about the transformation to autonomy which is currently underway."
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 15, 2025. 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 are the key deployments for Nauticus Robotics (KITT) in the 2025 offshore season?
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