{"id":331048,"date":"2024-10-16T10:30:00","date_gmt":"2024-10-16T10:30:00","guid":{"rendered":"https:\/\/dailybanglanewspapers.com\/news\/kraken-robotics-receives-13-million-of-subsea-battery-orders\/"},"modified":"2024-10-16T10:30:00","modified_gmt":"2024-10-16T10:30:00","slug":"kraken-robotics-receives-13-million-of-subsea-battery-orders","status":"publish","type":"post","link":"https:\/\/dailybanglanewspapers.com\/news\/kraken-robotics-receives-13-million-of-subsea-battery-orders\/","title":{"rendered":"Kraken Robotics Receives $13 Million of Subsea Battery Orders"},"content":{"rendered":"

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ST. JOHN’S, Newfoundland and Labrador, Oct. 16, 2024 (GLOBE NEWSWIRE) — Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF) announces that it has received orders totalling $13 million for SeaPowerTM<\/sup> subsea batteries from existing clients. Rated for depths up to 6,000 meters, Kraken\u2019s subsea batteries provide up to twice the energy density and weigh 46% less per kWh than traditional pressure-housed batteries.<\/p>\n

“With underwater robotics, there are always design trade-offs between size, weight, power and cost requirements,\u201d said Greg Reid, President and CEO of Kraken Robotics. \u201cTo increase endurance, designers typically need to increase the size and weight of a vehicle. But with Kraken’s SeaPower batteries, they can get the best of both worlds, providing some of the highest energy density and most cost-effective subsea energy storage systems available. Our batteries are in active use worldwide, and have been field proven by customers in commercial and defense, often doubling the endurance of their vehicles when compared to alternative solutions.”<\/p>\n

ABOUT SEAPOWER BATTERIES<\/strong><\/p>\n

Kraken\u2019s SeaPower batteries enable greater energy density through the use of a proprietary polymer to encase the batteries. This polymer eliminates the need for a pressure housing or oil compensation, freeing up space that can be used to further increase energy capacity.<\/p>\n

SeaPower batteries have been sold to clients worldwide and integrated into large and extra-large class uncrewed underwater vehicles (UUVs). Kraken is presently developing energy solutions for small and medium sized UUVs, more details around which will be announced over the next 12 months.<\/p>\n

Why Choose Kraken\u2019s\u00a0SeaPower?<\/strong><\/p>\n