Mentioned:
Kraken Robotics is one of the most advanced companies building subsea batteries for underwater vehicles in North America. And now, it’s turning into a big business.
What’s happening:
- Kraken Robotics (TSXV: PNG) has landed $35M CAD in new orders for their SeaPower subsea batteries
Why it matters:
- Kraken Robotics’ SeaPower subsea batteries are pressure tolerant batteries for underwater vehicles and enable significantly deeper and more complex missions for both defense missions and marine research applications
Going deeper:
- Kraken Robotics has been landing a flurry of new purchase orders lately, including previously securing a $12M CAD contract for their synthetic aperture sonar systems and subsea batteries from Teledyne Technologies (NYSE: TDY) and multiple government agencies
- Defense tech giant Anduril also notably buys both advanced sonar systems and subsea batteries from Kraken Robotics for their Ghost Shark autonomous underwater vehicle (INTERNAL HYPERLINK- Anduril opens ghost shark facility in Australia)
