British maritime technology company Kraken Technology Group (KTG) today announced
that it has signed a Memorandum of Understanding (MoU) with Thales for the
ongoing development and provision of bespoke systems for the Kraken K50 maritime
precision engagement platform. The K50 has been designed to deliver unparalleled
levels of performance, modularity and operational capability for modern green-water
security operations.

Further areas of collaboration and development will include the development of
advanced composite high-performance craft, in addition to bespoke electric and advanced
hybrid powertrain solutions, all of which will be built at new advanced engineering and
technology centre.

Thales will provide the ability to integrate a range of sensor and weapons equipment with
scalable command and control, communication and networking systems. Thales has
also identified the world-leading Lightweight Multi-role Missile (LMM) as a candidate for
integration onto Kraken. LMM, also known as ‘Martlet’, has demonstrable capability in air
defence and surface attack, able to defeat a range of threats including Fast Inshore Attack
Craft (FIAC), UAVs and fast jets, aligning it perfectly with Kraken’s key principles of high
performance, multi-role use and adaptability. This integration is in conjunction with Thales’
other partners MSI-DSL, who are developing a new lightweight launcher matched to LMM.
Mal Crease, Founder and CEO of Kraken Technology Group, commented:

“We are exceptionally pleased to be teaming with one of the most well-respected names in
the Defence and Security industry, and looking forward to working together to address the
growing requirement for advanced powertrain and modular composite structure solutions
for the precision engagement sector.”

Ivor Humphrey, Business Development Executive at Thales, added:
“This arrangement exemplifies Thales’ approach to partnerships and building relationships,
working with unique platform capabilities to enhance the offering and choices for the
end user. Additionally, building with KTG to develop a UK enterprise which can add to the
the prosperity of the UK, whilst also understanding how we might collaborate with our worldwide network of customers to evolve local opportunities.”

For Editorial Inquiries Contact:
Editor Kym Bergmann at kym.bergmann@venturamedia.net
For Advertising Inquiries Contact:
Director of Sales Graham Joss at graham.joss@venturamedia.net