Mr. Greg Reid reports

KRAKEN ANNOUNCES $2.7 MILLION OF SONAR & SUBSEA BATTERY CONTRACTS

Kraken Robotics Inc. has received contracts totalling $2.7-million for subsea batteries and synthetic aperture sonar systems (SAS). The SAS sensor contracts represent two new customers, continuing the growth of Kraken's ever-expanding list of users. One customer is a European research institute operating next-generation autonomous underwater vehicles, and the other is a NATO-member (North Atlantic Treaty Organization) country in underwater defence applications. Deliveries will occur in 2024.

About Kraken Robotics Inc.

Kraken Robotics is a marine technology company providing complex subsea sensors, batteries and robotic systems. Kraken Robotics' high-resolution three-dimensional acoustic imaging solutions and services enable clients to overcome the challenges in the oceans -- safely, efficiently and sustainably. Kraken Robotics is headquartered in Canada and has offices in North America, South America and Europe.

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