Nauticus Robotics completes Q1 2025 with 6 new customer engagements.

• Nauticus Robotics completes Q2 with 6 new customers • Projects include wind industry and energy sector support • Third quarter to mark Aquanaut revenue initiation • Record-breaking revenue and technological milestones expected • Autonomous subsea robotics and software solutions focus • Combining with SeaTrepid to form autonomous ROV company • U.S. East and Gulf Coast projects underway

Nauticus Robotics, Inc. (NASDAQ: KITT), a leading innovator in autonomous subsea robotics and software solutions, has announced its strong start to the 2025 offshore season. The company completed its first quarter with 6 new customers, including engagements in the wind industry along the U.S. East Coast and the energy sector along the U.S. Gulf Coast [1].

The second quarter saw Nauticus ROVs successfully execute projects for these new customers, demonstrating the company's ability to diversify its client base and expand its market reach. Looking ahead, the third quarter will mark the initiation of revenue for the Aquanaut®, Nauticus' flagship underwater vehicle, signaling a significant milestone in the company's progress [1].

CEO and President John Gibson expressed optimism about the company's trajectory, stating, "We are on track to achieve record-breaking revenue and technological milestones in 2025. The year-over-year reduction in customer concentration demonstrates strong growth in market adoption and diversification" [1].

Nauticus is continuing to fill its 2025 pipeline with current and new customers across multiple offshore industries. The company's combined offering of traditional remotely operated vehicle (ROV) work and autonomous capabilities is gaining market acceptance, with customers eager to witness the Aquanaut®'s capabilities [1].

The second half of 2025 is expected to bring increased excitement and exposure to Nauticus' offerings. The Aquanaut® vehicle is anticipated to execute projects at ultra deepwater depths of up to 2,200 meters by the end of the summer, marking the first revenue for the vehicle at these depths [1].

Nauticus' focus on autonomous subsea robotics and software solutions positions it as a key player in the industry, with a business model that includes service, vehicle sales, and software licensing to both commercial and defense sectors. The company's approach to ocean robotics includes the development of technology products for retrofit/upgrading traditional ROV operations and other third-party vehicle platforms [1].

References:
[1] https://www.prnewswire.com/news-releases/nauticus-robotics-announces-an-excellent-start-to-the-2025-offshore-season-302497974.html