Summary by Moomoo AI
Nauticus Robotics has successfully completed and invoiced Phase I of its four-phase contract with Brazil's largest offshore oil & gas operator. The milestone achievement includes finalizing engineering and proof-of-concept documentation for the Aquanaut Mark 2 vehicle, validating 10 core functionalities essential for offshore deepwater field inspection and maintenance tasks. All Phase I requirements were met during Q2FY24.The company is currently executing Phase II (Technology Integration) and Phase III (Controlled Environment Testing) concurrently through an iterative approach. The final Phase IV (Field Qualification Test) will be conducted in Brazil. The Aquanaut vehicle utilizes Nauticus' proprietary ToolKITT software, previously tested across various subsea vehicle classes, advancing the industry's transition from traditional tethered operations to augmented autonomy.The project, awarded in 2023, demonstrates Nauticus' commitment to revolutionizing subsea operations by improving efficiency, safety, and reducing CO2 emissions in offshore operations. The Aquanaut Mark 2's documentation includes technical analysis, Factory Acceptance Test results, and testing status in both controlled and uncontrolled environments.
