Kraken Robotics Announces $24 Million in Defence Orders

Core Insights - Kraken Robotics Inc. has announced approximately $24 million in new orders from over 10 customers across five countries, including three new defense customers [1][6] - The orders include Kraken's SeaPower batteries, KATFISH towed synthetic aperture sonar (SAS), and Kraken SAS [1] Group 1: Business Developments - SeaPower battery sales are strong, with new clients diversifying the customer base; manufacturing in the new Nova Scotia facility is expected to significantly expand production capacity [2] - A new KATFISH has been sold to the Polish Navy for their minehunting program, with the order placed through Thesta, Kraken's partner in Poland [2] Group 2: Company Overview - Kraken Robotics is focused on transforming subsea intelligence through 3D imaging sensors, power solutions, and robotic systems, enabling clients to address ocean challenges safely and sustainably [3][4] - The company offers best-in-class resolution through its synthetic aperture sonar, sub-bottom imaging, and LiDAR systems, along with revolutionary pressure tolerant batteries for UUVs and subsea energy storage [4] Group 3: Recent Acquisition - On March 3, 2026, Kraken announced the acquisition of Covelya Group Limited, a provider of mission-critical underwater technology solutions, expected to close in the second quarter of 2026, pending regulatory approvals [5]