Kraken Secures Aquaculture Industry Contract with MPI
- Business & Finance
Kraken Robotics’ subsidiary Kraken Power has signed a multi-year supply agreement with Multi Pump Innovation (MPI) of Norway.
Under the agreement, MPI will purchase RIM-driven thrusters and control systems for use in MPI’s new JetMaster automated cage cleaners used for fish farming.
While JetMaster is a new product for MPI, its position in fish farming cleaners and the growth of the aquaculture industry, gives MPI confidence it will purchase at least $2 million worth of Kraken thrusters per year going forward.
In addition, the companies expect to partner on further developments in the aquaculture industry that may require batteries and underwater charging products from Kraken Power.
Karl Kenny, Kraken’s president and CEO, said: “While best known for pressure tolerant batteries, Kraken Power’s rim driven thruster products have been sold to a variety of commercial, defense, and research customers over the last 10 years. Kraken is excited to partner with MPI, a world leader in net cleaning robots. This is another example of Kraken developing innovative new technology and growing it into new markets and geographies. Besides MPI, Kraken is also engaged with a number of other aquaculture stakeholders, including industry and government agencies, via our OceanVision Ocean Supercluster project. We see significant opportunities for our thruster and battery technology and our AquaPix sonar sensors, SeaVision laser scanners, and SmartCam products within the global aquaculture industry.”
Thore Standal, MPI’s chief operating and chief commercial officer, said: “We have tested a wide variety of competitive thrusters and selected Kraken for their winning price and performance value proposition. We are pleased to enter into this multi-year partnership with Kraken. In addition to thrusters, we believe there is an opportunity to use Kraken’s underwater batteries and charging systems in additional developments for the aquaculture market.”