HUSTON, February 15, 2022 (GLOBE NEWSWIRE) – Nauticus Robotics, Inc. (“Nauticus”), a developer of surface and underwater robots, stand-alone cloud software and related services in Houston, has received another U.S. Defense Innovation Division (DIU) transaction agreement for a prototype of its stand-alone software management and control platform, ToolKITT, aboard a US Navy remote control machine VideoRay Defender. The DIU is an organization of the Ministry of Defense that contracts with commercial companies to address national security issues.
Through domestic investment and advances sponsored by commercial and government clients, Nauticus has developed ToolKITT, a unified software platform that uses progress in autonomous behavior to detect, classify, and perform complex underwater actions that help save fighters from harm. ToolKITT has been specifically designed for easy integration to provide autonomy across multiple robotics platforms, and is used in Nauticus ’flagship product, Aquanaut.
“We are committed to offering the best in marine robotics and autonomy and are pleased that the DIU and U.S. Navy have recognized our efforts with this award,” said Todd Newell, Senior Vice President, Nauticus Business Development. “We believe we have a destructive technology platform in the ocean services market that can reduce the number of operational personnel required, as well as both cost and carbon footprint for our customers.”
This OT prototype, obtained through a tender, has the potential of a subsequent production contract without further competition, in accordance with §10 USC 2371b (f), and after determining that the prototype project has been successfully completed.
On December 16, 2021, Nauticus Robotics and CleanTech Acquisition Corp. (“CLAQ”) (NASDAQ: CLAQ), a special purpose acquisition company, has entered into a final business combination agreement that will make Nauticus Robotics an open company.
Nauticus Robotics is a developer of ocean robots, standalone cloud software and services in Houston that provide 21street robotic ocean solutions of the century to combat the global impact of the world’s marine environment. The interconnected, specially designed ecosystem of both surface and underwater robot products is powered by the stand-alone Nauticus ToolKITT software platform, which gives ocean robots real machine intelligence, not just automation. This approach will transform the industry into a cost-effective and environmentally sustainable model. This modernized approach to ocean robotics as a service has led to the development of a number of products to upgrade / upgrade older systems and other transportation platforms. Nauticus services provide customers with the necessary capabilities for data collection, analytics and underwater manipulation to support and service assets, significantly reducing their operational footprint, operating costs and greenhouse gas emissions to improve health, safety and the environment at sea.
CleanTech Acquisition Corp. is a special purpose acquisition company established in June 2020 to combine business with one or more companies. CleanTech Sponsor I LLC and CleanTech Investments LLC, a subsidiary of Chardan, are the founders and co-sponsors of CLAQ.
Important information about the deal and where to find it
This press release refers to a proposed merger deal previously announced involving CleanTech Acquisition Corp. and Nauticus. CLAQ has applied to the SEC for registration on Form S-4, which includes in the SEC a power of attorney statement and CLAQ Prospectus Prospectus, and CLAQ will submit other documents regarding the proposed transaction to the SEC. A final trusted statement / prospectus will also be sent to CLAQ shareholders requesting the necessary shareholder approval. Before making any decision on voting or investing, investors and holders of CLAQ securities are advised to read carefully the entire application for registration and the power of attorney / prospectus statement when they become available, as well as any other relevant documents submitted to the SEC and any amendments or additions. to these documents because they will contain important information about the alleged transaction. Documents submitted by CLAQ to the SEC are available free of charge on the SEC website at www.sec.gov. In addition, documents submitted by CLAQ to the SEC may be obtained free of charge upon written request to CleanTech Acquisition Corporation, 207 West 25th Street, 9th Floor, New York, New York 10001, Note: Eli Spiro, Chief Executive Officer.
Statements about the future
This press release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act 1933, as amended (the Securities Act) and Section 21E of the U.S. Stock Exchange Act 1934 (the “Exchanges Act”), based on beliefs and assumptions, and on the information available to CLAQ and Nauticus. In some cases, you can identify promising statements by the following words: “maybe”, “will”, “could”, “should”, “expect”, “intend”, “plan”, “anticipate”, “believe” , “Evaluate”, “predict”, “project”, “potential”, “continue”, “current”, “goal”, “seek” or negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Any statements relating to expectations, forecasts or other characteristics of future events or circumstances, including forecasts of market opportunities and market share, opportunities of Nauticus business plans, including expansion plans, sources and use of funds from the proposed transaction, estimated combined value of the enterprise companies after the completion of the proposed transaction, any benefits of the partnership, strategies or plans of Nauticus related to the proposed transaction, the expected benefits of the proposed transaction and expectations related to the terms and conditions of the proposed transaction are also forward-looking statements. These statements include risks, uncertainties and other factors that may cause actual results, performance, performance or achievements to differ materially from those expressed or implied in these forward-looking statements. Although each of CLAQ and Nauticus believes that it has a reasonable basis for each forward-looking statement contained in this notice, each of CLAQ and Nauticus warns you that these statements are based on a combination of facts and factors known in present, and predictions of the future, which are inherently uncertain. In addition, there will be risks and uncertainties described in the Trustee’s / S-4 prospectus statement regarding the proposed transaction, which is expected to be filed by CLAQ with the SEC and other documents provided by CLAQ or Nauticus from time to time. SEC. These documents can identify and eliminate other important risks and uncertainties that could cause actual events and outcomes to differ materially from those contained in forward-looking statements. Neither CLAQ nor Nauticus can assure you that the predictive statements in this post will be accurate. These forward-looking statements are subject to a number of risks and uncertainties, including, inter alia, the possibility of terminating the merger due to inability to obtain approval from CLAQ shareholders or meet other closure terms in the merger agreement, the occurrence of any event that may lead to the termination of the merger agreement, the ability to recognize the expected benefits of the merger, the number of redemption requests made by state shareholders CLAQ, transaction costs, the impact of the global COVID-19 pandemic, the risk that the transaction will disrupt current plans and operations resulting from the announcement and completion of the transaction, the outcome of any potential litigation, governmental or regulatory proceedings and other risks and uncertainties, including those to be included under the heading “Risk Factors” in the final prospectus of the initial public offering CLAQ ing submitted to the SEC on 16 July 2021 and in its subsequent quarterly reports on Form 10-Q and other documents ntah in the SEC. There may be additional risks that neither CLAQ nor Nauticus are currently aware of, or that CLAQ and Nauticus currently consider insignificant, which may also lead to differences in actual results from those contained in forward-looking statements. In light of the significant uncertainty in these forward-looking statements, you should not view these statements as an endorsement or assurance by CLAQ, Nauticus, their respective directors, officers or employees or any other person that CLAQ and Nauticus will achieve their goals and plans at any time. or in general. Statements about the future in this press release represent the views of CLAQ and Nauticus as of the date of this announcement. Subsequent events and developments may lead to a change in these views. However, although CLAQ and Nauticus may update these forward-looking statements in the future, there is currently no intention to do so, except to the extent provided by applicable law. Therefore, you should not rely on these forward-looking statements representing CLAQ or Nauticus views on any date after the date of this notice.
No suggestions or requests
This press release is not a trusted statement or request for a power of attorney, consent or permission in respect of any securities or in respect of a potential transaction and is not an offer to sell or a request for an offer to buy any CLAQ securities or Nauticus will also not sell any such securities in any state or jurisdiction in which such an offer, petition or sale would be illegal prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities may be made except by means of a prospectus which complies with the requirements of the Securities Act.
CLAQ and Nauticus and their respective directors, executive officers, other members of management and employees, in accordance with SEC rules, may be considered participants in the request of CLAQ shareholders’ proxies in connection with the proposed transaction. Information on individuals who, under SEC rules, may be considered participants in a CLAQ shareholder petition in connection with a proposed business combination is set out in the CLAQ registration application form S-4, including the power of attorney statement / prospectus submitted to the SEC. Investors and securities holders can obtain more information about the names and interests in the proposed CLAQ directors and officials transaction in CLAQ documents to the SEC, and such information is also in the CLAQ’s registration application to the SEC, which includes a CLA power of attorney / prospectus for the proposed transaction.
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