- Kraken Robotics (PNG) has received a $16 million order for SeaPower subsea batteries
- Battery orders surpass $30 million over the past 6 months
- The company has reported over $120 million in contracts since 2022
- Kraken Robotics is an international marine technology company providing complex subsea sensors, batteries and robotic systems
- Kraken Robotics (PNG) stocks last traded at $0.54 per share
Kraken Robotics (PNG) has received a $16 million order for SeaPower subsea batteries.
The order includes a significant advance payment.
Deliveries will occur across 2023 and 2024.
Kraken has secured more than $30 million in purchase orders over the last 6 months for its SeaPower subsea batteries. Since the beginning of 2022, the company has reported more than $120 million in contracts, affording it a tangibly strong growth trajectory.
The hot swappable, 6,000 m-certified batteries are based on Kraken’s pressure tolerant gel encapsulation technology for lithium polymer batteries, enabling a cost-effective, environmentally friendly, and superior energy density alternative to oil-compensated batteries.
The batteries also include an integrated battery management system, which offers a high level of redundancy and safety.
Kraken Robotics is an international marine technology company providing complex subsea sensors, batteries and robotic systems. The company is ranked as a Top 100 marine technology company by Marine Technology Reporter.
Kraken Robotics (PNG) last traded at $0.54 per share.
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