I made a post on KITT a while back and am curious if people are still following this one.
This is a potential story for a technical scarce product.
Their latest conf call with the new CRO Brian Allen was somewhat encouraging.
Still has to prove his worth. But he seems to bring back some energy and focus, and thus: potential.
His reason to join KITT:
"Nauticus has built one of the most advanced autonomous subsea platforms available in the market today. ToolKITT's acoustic positioning control and vision-based manipulator research represent genuine capability that I have not seen elsewhere. My job is to build the commercial engine that this technology deserves, driving global ToolKITT technology sales, technology-driven services, and hardware sales across EMEA and beyond."
https://www.linkedin.com/posts/brianallenuk\_after-a-year-spending-time-with-my-children-activity-7460332568714915841-pQhp
Their July 2026 Company Presentation also shows some perspective now, with the "Nauticus model". Where a USV can be used to power and perhaps tether or direct the autonomous ROV. And send back data through satellite.
It means they finally have a vision, a goal.
And the mea culpa in the presentation of trying to commercialize too soon in 2023 is appreciated. Now they claim to truly be ready.
The very interesting development now is: they brought in Brian Allen. Former CEO of Beam, UK based subsea robotics and AI company.
Prior to founding Beam, Mr. Allen held operational robotics roles at DeepOcean, Fugro, Subsea 7 and Odyssey Marine Exploration.
Interestingly enough. Fugro posted the following 2 weeks ago:
"A major step forward for fully remote offshore inspections 🌊 Along the Brazilian coast, Fugro supported Petrobras with a 330 day subsea inspection campaign using an uncrewed surface vessel (USV) and an electric remotely operated vehicle (eROV), both operated entirely from shore."
https://www.linkedin.com/posts/jelmerdewinter\_fugro-remoteoperations-uncrewedvessels-activity-7472710607960436737-RACV
And Nauticus has a history with Petrobas.
Also Elmo Motion Control posted this recap 3 weeks ago:
"Deep-Sea Work, Reimagined: Nauticus Robotics, Inc. & Elmo Motion Control
Overseeing offshore energy sites. Maintaining subsea infrastructure. Mapping the ocean floor. The Aquanaut by Nauticus Robotics, Inc. Robotics does it all 100% electric, fully autonomous, and built for the deep.
Behind the motion: Elmo's Application Studio (EASII).
The intuitive software allowed the Nauticus team to fine-tune specialized servo drives rated for 3,000 meter depths and hit an aggressive schedule doing it.
A partnership that's changing what's possible in deep-sea work.
"
https://www.linkedin.com/posts/elmomotioncontrol\_elmomotioncontrol-motioncontrol-servodrives-activity-7470770233557954560-MuaW
Are these the connections that Brian is bringing to the table?
He is currently serving as the revenue officer and is focussed on using his contacts on making ToolKITT software deals.
Of which he sees a true market opportunity based on his experience.
Software has good margins and would stabilize the balance sheet, and becoming less season dependent.
It would also mean partnerships with other companies in the subsea space.
This would be a major catalyst. And would probably position him to become CEO of KITT, seeing Gibson already alluded to somebody younger taking the wheel.
A second catalyst is the DIU application, which is building on their previous DIU contract for demining with the VideoRay defender.
DoW momentum for sea and subsea technology is strengthening. Still early days, but it will become inevitable.
Third catalyst: 2027
Oil and Gas. This is Gibsons' forte, coming from that sector.
Due to high oil prices this year, the oil and gas sector will spend the made money in 2027 on business expansion. KITT is positioned to benefit from this. They already work with Shell, and had/have a relationship with Petrobas.
For Q2 2026, and the debt clearance, they can give a better earnings report.
Hopefuly they'll anounce something more by then. Normally the Q2 season should've been better for activities.
A tale of redemption?
