Company Updates

Phoenix International Holdings Inc. (Phoenix) —a leader in underwater solutions worldwide—has launched a newly redesigned company website to highlight their continued evolution and expansion of industries served, underwater capabilities, and manned and unmanned assets and tooling.

Kraken Robotics Inc. Canada’s Ocean Company has entered into a non-binding letter of intent (the “LOI”) dated April 8, 2021 in connection with the proposed acquisition of PanGeo Subsea Inc. (“PanGeo”) from Cahill Innovation Inc, a member of the Cahill Group of Companies, and Argentum Asset Management AS. Moya Cahill, a director of Kraken, is a shareholder of Cahill Innovation Inc, and she resigned as a director of Kraken prior to the approval and execution of the LOI in order to ensure proper governance and review of the transaction by a fully arm’s length board.

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