An existing defense industry customer is acquiring additional SeaPower® batteries. The contract value is $1.5 million. This is the customer’s fourth order of Kraken batteries.
Image from Fall 2020 OceanVision™ Campaign – Flowlines and Risers
Kraken has been awarded $2.0 million of funding awards across three projects. Work on these projects will be carried by Kraken’s acoustic signal processing team in Canada, Kraken’s AI and Machine Learning team in Bremen, Germany and Kraken’s subsea power team in Rostock, Germany.
Execution of the contracts for deliveries of our SeaScout® systems to the Danish and Polish navies continues and is on track and on budget. First shipments under these contracts will occur in Q4 this year.
