Kraken receives $1.1 million additional order in battery orders from AUV maker, Canadian Business Journal
st. JOHN’S, NEWFOUNDLAND, Oct. 14, 2022 (GLOBE NEWSWIRE) — Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), a Canadian Ocean Company, is pleased to announce the launch of a subsea battery from a manufacturer of autonomous underwater vehicles. We are pleased to announce the order of (AUV). His $1.1 million order follows his $4.8 million order from the same customer earlier this year. Due to confidentiality obligations, we cannot disclose the customer’s name. Delivery is scheduled for the fourth quarter.
Kraken’s SeaPower® 6000 meter rated pressure-resistant batteries are based on Kraken’s proprietary pressure-resistant gel encapsulation technology for lithium polymer batteries. This provides an attractively priced, environmentally friendly, and superior energy density alternative to conventional oil-compensated batteries commonly used in deepwater battery applications. Kraken’s hot-swappable batteries are modular and contain an integrated battery management system within each battery module, providing vehicles with a very high level of redundancy and safety.
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About Kraken Robotics
Kraken Robotics Inc. (TSX.V:PNG) (OTCQB: KRKNF) is a marine technology company that specializes in manufacturing and marketing software-centric sensors, subsea batteries and underwater robotic systems. The company is headquartered in Newfoundland, with offices in Canada, the United States, Germany, Denmark and Brazil. In July 2021, Kraken acquired PanGeo Subsea, a leading services company specializing in high-resolution 3D acoustic imaging solutions under the seafloor used to de-risk offshore installations. With offices in Canada, the US and the UK, PanGeo is now a wholly owned subsidiary of Kraken. Kraken is ranked as one of the top 100 marine technology companies by Marine Technology Reporter.
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Kraken receives $1.1 million additional order in battery orders from AUV maker, Canadian Business Journal
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