Kraken Announces $2.7 M of Sonar & Subsea Battery Contracts
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This news is classified in: Defense Contracts Navy

Aug 31, 2023

Kraken Announces $2.7 M of Sonar & Subsea Battery Contracts

Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF) (“Kraken” or the “Company”), announced it has received contracts totalling $2.7 million for subsea batteries and synthetic aperture sonar systems (SAS). The SAS sensor contracts represent two new customers, continuing the growth of Kraken’s ever-expanding list of users. One customer is a European Research Institute operating next-generation AUVs, and the other is a NATO member country in underwater defense applications. Deliveries will occur in 2024.

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