Create a free starter account, or log in.

Get access to four free articles per month, as well as our Decisive Edge Newsletters and Daily News Bulletin.

Email Address

Password

Forgot your password? Reset by clicking here

Create a Password

[[ req.met ? '✓' : '•' ]] [[ req.text ]]

Re-enter Password

Passwords do not match

First Name

Last Name

Country

Confirm your account

Please enter the four-digit pin below that has been emailed to you.

Didn't receive the pin yet?

This pin expires in 20 minutes.

[[ error ]]

By creating an account, you agree to the Terms of Service and Privacy Policy.

Stay informed with Shephard's award-winning journalism. Unlock unlimited access and in-depth analysis with a corporate or individual subscription.

Explore your options here

Investment helps Kraken Technology Group to develop precision engagement craft

20th April 2022 - 09:53 GMT | by Shephard News Team

RSS

Computer-generated image of the K50 craft. (Image: KTG)

New investment will help UK-based KTG to set up a manufacturing facility for its K50 fast interceptor.

UK-based Kraken Technology Group (KTG) has raised further funding to support the development of its Kraken K50 precision engagement craft.

KTG CEO Mal Crease stated on 19 April that the new investment will allow the company to establish a dedicated UK manufacturing facility to ‘revolutionise the maritime composite design and integration process, specifically to meet increasingly localised manufacturing and assembly requirements’.

KTG also expects to participate in a priced investment round later in 2022.

With a top speed beyond 65kt, the K50 is designed specifically to meet the growing global requirement for fast-response precision engagement, coastal interdiction and the protection of critical offshore infrastructure.

The optional use of advanced electric powertrain technology on the K50 is intended to extend key range and performance parameters, all housed within a unique composite design and structure.

A range of integrated modular systems and sensors on the K50 would deliver ‘uniquely semi-autonomous operational and offensive capabilities’ to defeat swarming threats, KTG added.