Kraken Robotics Sets Sights on RaaS Development

At the recent Cantech Investment Conference, Greg Reid, CFO of Kraken Robotics, spoke with the Investing News Network (INN) about the company’s recent acquisition of Kraken Power and its Robots-as-a-Service (RaaS) offering.
Reid said that the acquisition of Kraken Power was very important for the company on numerous levels, especially for its battery technology that will eventually power Kraken’s underwater drones. In addition to its acquisition of Kraken Power, Kraken Robotics, a marine technology company dedicated to production and sale of software-centric sensors and underwater robotic systems, secured various contracts in the last 12 months. Notably, Kraken Robotics secured a C$9 million sub-sea battery contract with Ocean Infinity for its deep-sea batteries.