Kraken Robotics Receives $11M of SeaPower Battery Orders

Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF) announces that it has received new orders totaling $11 million for SeaPower™ pressure tolerant batteries for uncrewed underwater vehicles (UUVs). This brings year-to-date new battery orders to $45 million, driven predominantly by UUVs for the defense industry.

SeaPower batteries are unique in that they do not require a pressure housing or oil compensation to withstand deep ocean pressures. The modular batteries are encased in a proprietary silicon polymer matrix, which resists compression and tolerates pressures up to 660 Bar, the equivalent of 6000 meters ocean depth. SeaPower’s high energy density provides safe, reliable power, enabling UUVs to complete longer, more complex missions.

Kraken is well-positioned for continued strong growth in its subsea power business. The company recently announced plans to open a new battery facility in Nova Scotia, which will more than triple production to meet defense industry demand. Kraken is also developing new form factors to power small and medium class UUVs, due to be released in late 2025.