Kraken Announces CRADA on Pressure Tolerant Batteries with US Navy
11 June 2021 - 8:00PM
Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), Canada’s Ocean
Company, is pleased to announce that its wholly owned subsidiary,
Kraken Robotic Systems Inc, has signed a Cooperative Research and
Development Agreement (CRADA) with Naval Surface Warfare Center,
Carderock Division (NSWCCD). Under the CRADA, the Battery
Certification and Integration Branch, Code 636 of NSWC Carderock,
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.
Kraken Comments“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.”
Subsea Battery Testing
DetailsCode 636 possesses capabilities and expertise
covering all aspects of power source development and deployment,
ranging from generation of the initial battery design, through
development and prototyping, acquisition and testing, to
introduction to the Fleet. Code 636 also manages and implements the
Navy’s Lithium Battery Safety Program in conjunction with the
Program Authority, Naval Sea Systems Command (NAVSEA) Code
SEA05Z34.
Kraken Robotics has developed and 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. The proposed tests
will be carried out in accordance with NAVSEA INST 9310.1c, NAVSEA
Technical Manual S9310-AQ-SAF-010, and the NAVSEA High-Energy
Storage System Safety Manual, SG270-BV- SAF-010.
LINKSwww.krakenrobotics.com
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ABOUT KRAKEN ROBOTICS
INC.Kraken Robotics Inc. (TSX.V:PNG) (OTCQB: KRKNF) is a
marine technology company dedicated to the production and sale of
software-centric sensors, subsea batteries and thrusters, and
underwater robotic systems. The company is headquartered in
Newfoundland with offices in Canada, U.S., Germany, Denmark, and
Brazil. Kraken is ranked as a Top 100 marine technology company by
Marine Technology Reporter.
Certain information in this news release
constitutes forward-looking statements. When used in this news
release, the words "may", "would", "could", "will", "intend",
"plan", "anticipate", "believe", "seek", "propose", "estimate",
"expect", and similar expressions, as they relate to the Company,
are intended to identify forward-looking statements. In particular,
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actual results or events to differ materially from those
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based on certain material factors and assumptions and are subject
to certain risks and uncertainties, including without limitation,
changes in market, competition, governmental or regulatory
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limitation those listed above. These factors should not be
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Such statements speak only as of the date of this news release. The
Company does not intend, and does not assume any obligation, to
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the adequacy or accuracy of this release, and the OTCQB has neither
approved nor disapproved the contents of this press release.
For further information, please contact:Joe MacKay, Chief
Financial Officer(416) 303-0605jmackay@krakenrobotics.com
Greg Reid, Chief Operating Officer(416)
818-9822greid@krakenrobotics.com
Sean Peasgood, Investor Relations(647)
955-1274sean@sophiccapital.com
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