Shares of Nauticus Robotics, Inc. (NASDAQ: KITT) are on a significant uptick this morning, rising 16.67% to trade at $2.24, as of the last check. This impressive gain follows the announcement of a pivotal strategic partnership poised to enhance the company’s market footprint.
Partnership with Florida Atlantic University
Nauticus Robotics (KITT) has entered into a significant collaboration with Florida Atlantic University (FAU) to advance the development and testing of its flagship underwater vehicle, Aquanaut Mark 2. Under this partnership, Nauticus Robotics has secured FAU’s facilities for comprehensive testing of the Aquanaut Mark 2.
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Testing will occur in both the protected waters adjacent to FAU’s Institute for Ocean and Systems Engineering in Dania Beach and the deeper expanses of the Atlantic Ocean. This collaboration is anticipated to yield substantial cost savings, approximately 90%, in vehicle development testing.
The testing phase involves evaluations in both shallow and deep waters to ensure comprehensive functionality, including real-time communication through tethering for immediate feedback.
Additionally, the partnership enables tetherless mission simulations, which replicate the operational scenarios for which the Aquanaut vehicle is specifically designed. Absent this partnership, mid-range depth testing would necessitate more costly ocean-going vessels.
Expediting Development and Future Plans
The summer testing phase at FAU has provided an ideal environment for efficiently evaluating the Aquanaut vehicle, offering both controlled conditions for product development and expansive open waters for data collection and sea trials.
FAU’s location and facilities have accelerated the progress of the Aquanaut system’s technology, preparing it for imminent commercial use. Looking ahead, Nauticus Robotics plans to continue leveraging FAU’s resources for ongoing Aquanaut vehicle testing.
The vehicle currently undergoing final evaluations is scheduled to transition to the Gulf of Mexico for commercial operations later this month. Subsequently, the second Aquanaut vehicle will take over testing responsibilities at FAU, advancing the development of additional capabilities.
The exclusive ToolKITT software from Nauticus Robotics, which has been proven on a range of subsea vehicle classes, is used by the Aquanaut vehicle. It is a flexible and platform-independent solution.
By integrating ToolKITT with the innovative design of the Aquanaut, Nauticus Robotics is leading the shift from traditional tethered operations to enhanced autonomy, aiming to revolutionize subsea operations through highly efficient, autonomous processes.
