Kraken Robotics Receives Subsea Battery Order Worth $4.8 Million

Kraken Robotics Inc. Canada’s Ocean Company™, has received an order for subsea batteries from a US defense industry customer, for integration on Autonomous Underwater Vehicles (AUVs). The order is valued at $4.8 million with deliveries occurring in 2022. For confidentiality reasons, Kraken cannot disclose the customer’s name.

Kraken’s SeaPower® 6000-meter rated pressure tolerant batteries are based on Kraken’s unique pressure tolerant gel encapsulation technology for lithium polymer batteries. This provides an attractively priced, environmentally friendly, and superior energy density alternative to the traditional oil compensated batteries commonly used for deep subsea battery applications. Kraken’s hot swappable batteries are modular and include an integrated battery management system within each battery module which provides a very high level of redundancy and safety to the vehicle.

Kraken also announces that Cathy Bennett has resigned from the Company’s Board of Directors. Kraken thanks her for her time and wishes her the best in her future endeavors.