Nauticus Robotics Bags Petrobras Contract For Its Autonomous Robot
Portfolio Pulse from Shivani Kumaresan
Nauticus Robotics Inc (NASDAQ:KITT) has secured a contract with Petroleo Brasileiro S.A. (NYSE:PBR) for its autonomous subsea robot, Aquanaut. The robot will support Petrobras' offshore activities in its Deepwater Production Field. The contract leads to a potential market worth over $100 million per year.
June 23, 2023 | 3:46 pm
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Petrobras has awarded a contract to Nauticus Robotics for its autonomous subsea robot, Aquanaut, which will support the company's offshore activities in its Deepwater Production Field.
While the contract with Nauticus Robotics is a positive development for Petrobras, it is not expected to have a significant short-term impact on PBR's stock price, as the company is already a major player in the offshore energy sector.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Nauticus Robotics secures a contract with Petrobras for its autonomous subsea robot, Aquanaut, leading to a potential market worth over $100 million per year.
The contract with Petrobras is a significant milestone for Nauticus Robotics, as it opens up a potential market worth over $100 million per year. This is likely to have a positive impact on KITT's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100