Mentioned:
Pressure tolerant batteries for underwater vehicles are on the rise. And Kraken Robotics is on the leading edge of it.
What’s happening:
- Kraken Robotics (TSXV: PNG) has landed a total of $11M CAD of new purchase orders for their SeaPower batteries
Why it matters:
- Kraken Robotics' SeaPower batteries are one of the most advanced pressure tolerant batteries for uncrewed underwater vehicles, which enables underwater vehicles to be able to complete longer, more complex missions thousands of metres below the ocean surface
Going deeper:
- Subsea batteries have continued to be in large demand with both government agencies and defense companies, which previously led Kraken Robotics to land a $34M purchase order for their SeaPower batteries
- Kraken Robotics has also been aggressively expanding their subsea technology capabilities, which has been largely fuelled by their recent acquisition of advanced underwater LiDAR company 3D at Depth
