Kraken Gets SeaPower Deep Sea Battery Order
Kraken Robotics has been awarded a contract from a military customer to provide high capacity SeaPower battery solution for an underwater robotics application.
The contract, the second one from this undisclosed client, is worth approximately $2.0 million, the company informed. The previous order by the same customer was placed in April 2019, and had a value of $0.6 million.
Product delivery is anticipated to start in late Q4, 2019 with final deliveries in Q1, 2020.
Karl Kenny, Kraken’s president and CEO, said, “We have seen military and commercial customers adopt our subsea power solutions across a variety of deep-sea applications, and we are pleased that this large military customer has again chosen Kraken’s SeaPower batteries. Kraken Power offers a range of batteries, thrusters and drives addressing the needs of both military and commercial customers. After a significant expansion in headcount, equipment and manufacturing capacity, Kraken Power has worked diligently on improving production efficiencies. We expect to see a significant increase in product deliveries in the coming quarters.”
Kraken’s batteries are pressure-tolerant systems in which the individual components are embedded in flexible polymers. The assemblies are cast with a proprietary vacuum technology enabling the components to work in a deep-sea environment.