Kraken Robotics receives $12-million in orders

Mr. Greg Reid reports KRAKEN ROBOTICS ANNOUNCES $12 MILLION IN ORDERS FOR SYNTHETIC APERTURE SONAR AND SUBSEA BATTERIES Kraken Robotics Inc. has received purchase orders for synthetic aperture sonar (SAS) and battery products totalling approximately $12-million. Orders for Kraken SAS, Katfish towed SAS spares, and SeaPower batteries have been placed by multiple organizations, including Teledyne Marine, Terradepth and two navies, from NATO (North Atlantic Treaty Organization) member countries. "As we near the end of the calendar year, we are seeing many expected orders coming through before budgets reset, including two new SeaPower battery customers," said Greg Reid, president and chief executive officer of Kraken Robotics. "Clients are from both defence and commercial organizations, highlighting how Kraken's dual-use technology is critical across a variety of applications, from maritime security to offshore energy." Teledyne Marine placed orders for both Kraken SAS and SeaPower batteries, which will be integrated on their Gavia and SeaRaptor autonomous underwater vehicles (AUVs) for unnamed clients. Kraken SAS will also be deployed as part of Terradepth's Absolute Ocean operating system, which aggregates multidomain ocean data for United States military and commercial operators. The integration on Terradepth's self-recharging AUV delivers scaled autonomous survey capabilities to its government and offshore energy clients. Kraken SAS and SeaPower batteries are purposefully designed to be platform agnostic, making these advanced sensors and power systems available for integration on any AUV, from small man-portable systems to XLUUVs. Supporting clients in more than 30 countries worldwide, Kraken Robotics' solutions are exploring and securing the company's oceans for defence, offshore energy and marine research applications. About Kraken Robotics Inc. Kraken Robotics is transforming subsea intelligence through 3-D imaging sensors, power solutions and robotic systems. The company's products and services enable clients to overcome the challenges in our oceans -- safely, efficiently and sustainably. Kraken's synthetic aperture sonar, sub-bottom imaging and lidar (light detection and ranging) systems offer best-in-class resolution, providing critical insights into ocean safety, infrastructure and geology. The company's revolutionary pressure tolerant batteries deliver high-energy density power for UUVs and subsea energy storage. Kraken Robotics is headquartered in Canada with offices in North America, South America and Europe, supporting clients in more than 30 countries worldwide. We seek Safe Harbor.