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Kraken (TSXV:PNG) awarded $4.8M subsea battery contract

Technology
TSXV:PNG
23 February 2022 08:45 (EDT)

Source: Kraken Robotics.

Kraken Robotics (PNG) has received a $4.8 million order for subsea batteries from a US defence industry customer.

Kraken’s SeaPower® 6,000-metre rated pressure tolerant batteries are environmentally friendly and provide a 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 Robotics is a marine technology company focused on software-centric sensors, subsea batteries and thrusters, and underwater robotic systems.

Kraken Robotics Inc. (PNG) opened trading at C$0.355 per share.

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