Kraken Robotics Inc. has secured approximately $28 million in new contracts for its SeaPower batteries and Synthetic Aperture Sonar (SAS) technology from a group of five international clients.
The new orders feature an SAS order from a developing commercial uncrewed underwater vehicle (UUV) manufacturer and SeaPower contracts from multiple international defense companies. These latest agreements highlight the increasing adoption of Kraken’s subsea intelligence solutions across both the defense and commercial sectors.
“These orders include battery contracts from three large international defence companies and a SAS order from a new commercial uncrewed underwater vehicle (UUV) manufacturer,” said Greg Reid, President and CEO of Kraken Robotics. “Our products are now integrated or being integrated into more than 30 different UUV platform types worldwide.”
Kraken’s specialized technology includes pressure-tolerant batteries designed to deliver high energy density power for UUVs and subsea energy storage systems. Its synthetic aperture sonar, along with its sub-bottom imaging and LiDAR systems, provides high-resolution insights into ocean infrastructure, geology, and safety. Headquartered in Canada, the company currently supports clients in more than 30 countries through its offices in North and South America and Europe.
In addition to these new orders, the company is moving forward with the acquisition of Covelya Group Limited, which was announced on March 3, 2026. This acquisition includes several subsidiary companies such as Sonardyne International Ltd., EIVA A/S, Forcys Ltd., Wavefront Systems Ltd., Voyis Imaging Inc., and Chelsea Technologies Ltd. The transaction is expected to close during the second quarter of 2026, pending customary conditions and regulatory approvals.
