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President and CEO, Karl Kenny
Source: Kraken Robotic Systems Inc.

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  • Kraken Robotic Systems has signed a Cooperative Research and Development Agreement (CRADA) with the US Navy
  • The Naval Surface Warfare Center, Carderock Division (NSWCCD) will test Kraken’s 6000-meter pressure tolerant batteries
  • The company is hopeful that the CRADA will increase adoption of Kraken’s pressure tolerant batteries into US Navy programs of record and sales with US Navy defence contractors
  • Kraken Robotics is a marine technology company
  • Kraken Robotics Inc. (PNG) opened trading at C$0.63 per share

Kraken Robotics' (PNG) subsidiary, Kraken Robotic Systems has signed a Cooperative Research and Development Agreement (CRADA) with the US Navy.

The Naval Surface Warfare Center, Carderock Division (NSWCCD) will test Kraken’s pressure tolerant lithium-ion batteries. The testing is expected to take four months to complete and is expected to start in calendar Q3 of this year.

“We are excited to enter into a CRADA with NSWC Carderock,” said Kraken President & CEO, Karl Kenny.

“Since 2018, we have delivered our 6000-meter pressure tolerant batteries to several US and foreign customers including US defense customers. We hope this CRADA and testing with NSWC Carderock, which has significant experience with Navy safety requirements, will help increase adoption of Kraken’s pressure tolerant batteries into US Navy programs of record and sales with US Navy defense contractors.”

Kraken Robotics produces a pressure-tolerant lithium-ion battery design that employs passive propagation resistance to thermal runaway battery casualties.

NSWCCD, utilizing its experience in Navy safety requirements, will conduct safety tests on the newest variant of Kraken Robotics’ pressure-tolerant lithium-ion battery design. Results of the testing can be used to inform further design iterations as well as to promote interest in the battery design by US Navy program offices who might benefit from having this battery technology for use in current and future underwater systems.

Kraken Robotics is a marine technology company dedicated to the production and sale of software-centric sensors, subsea batteries and thrusters, and underwater robotic systems. Kraken is ranked as a Top 100 marine technology company by Marine Technology Reporter.

Kraken Robotics Inc. (PNG) opened trading at C$0.63 per share.

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