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.