Kraken Announces $2.8 Million of Contracts

March 16, 2020 – Kraken has recently received orders from four US companies and one Canadian company totalling $2.8 million. The Company expects to fulfill these contracts in the first half of 2020. Due to confidentiality reasons, our customers cannot be named but are characterized below: A new customer primarily targeting the defense industry will be using Kraken SeaPower® batteries in its autonomous underwater vehicles (“AUVs”). Kraken currently expects another battery order from this customer in Q3 of this year. An existing defense industry customer is acquiring additional SeaPower® This…

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