Kraken Robotics Announces $11 Million in New Orders for SeaPower Batteries
St. John’s, Newfoundland and Labrador, April 10, 2025 – Kraken Robotics Inc. (“Kraken” or the “Company”), a leading provider of sensors and power for underwater robotics, is pleased to announce that it has secured new orders totaling $11 million for its SeaPower™ pressure tolerant batteries. These orders are for uncrewed underwater vehicles (UUVs) and bring the year-to-date new battery orders to $45 million.
Background on Kraken Robotics and SeaPower Batteries
Kraken Robotics is a pioneering company in the ocean technology sector, offering innovative solutions for underwater robotics and sensors. The Company’s SeaPower batteries are designed to meet the unique demands of underwater applications, providing reliable and efficient power for extended missions. These batteries have gained significant traction in the market, particularly in the defense industry, due to their exceptional performance and pressure tolerance.
Impact on Kraken Robotics
The new $11 million battery orders represent a significant milestone for Kraken Robotics. With defense industry demand driving the growth, the Company is poised to expand its presence in this sector and continue its momentum. These orders not only strengthen Kraken’s financial position but also validate the market’s confidence in the Company’s technology. Kraken’s CEO, Sheldon MacLeod, expressed his excitement about the new orders, stating, “We are thrilled to see the continued adoption of our SeaPower batteries by leading defense organizations. These orders further solidify our position as the go-to provider of underwater power solutions.”
Impact on the World
The increased demand for Kraken Robotics’ SeaPower batteries is a testament to the growing importance of uncrewed underwater vehicles in various industries, particularly defense and security. UUVs are increasingly being used for tasks such as mine countermeasures, intelligence gathering, and underwater infrastructure inspection. The advancements in underwater robotics technology, coupled with the reliability and efficiency of batteries like Kraken’s SeaPower, are enabling organizations to explore and monitor the world’s oceans more effectively and cost-efficiently.
Conclusion
Kraken Robotics’ latest $11 million battery orders underscore the Company’s continued success in the underwater robotics market, particularly in the defense industry. With the growing demand for UUVs and the need for reliable and efficient underwater power solutions, Kraken is well-positioned to capitalize on this trend and expand its market presence. The impact of this development extends beyond Kraken, as it represents a significant step forward in the exploration and monitoring of our world’s oceans.
- Kraken Robotics secures $11 million in new orders for SeaPower batteries
- Year-to-date new battery orders reach $45 million
- Defense industry demand drives growth
- Kraken poised to expand presence in defense sector
- Underwater robotics and sensors gain importance in various industries
- Reliable and efficient underwater power solutions enable effective ocean exploration and monitoring
