Mr. Greg Reid reports

KRAKEN AWARDED $3 MILLION SEABED SURVEY CONTRACT

Kraken Robotics Inc. has been awarded a $3-million contract to supply high-resolution seabed mapping services (robotics as a service or RaaS) to a survey operator, in support of an unnamed navy customer. Under the scope of the contract, Kraken's Katfish high-speed seabed intelligence solution will be used to acquire high-resolution seabed maps of various ports and harbours as well as route survey data sets to support maritime domain awareness. The survey campaigns will take place between January, 2024, and May, 2024, and includes real-time processing for in situ delivery of high-resolution data products to customer representatives onboard. Kraken may provide further details in the future when approved by the end-user.

About Katfish

Katfish is a high-speed seabed survey system providing ultrahigh-resolution seabed imagery and bathymetry for defence and commercial customers. The acoustic imagery and bathymetry collected by Katfish systems provide customers with actionable intelligence about subsea assets and infrastructure (such as subsea pipelines and fibre optic cables) as well as important hydrographic information about the safety of key transit routes for ocean-going assets. Kraken has integrated Katfish to a variety of manned and unmanned vessels of opportunity, providing both stand-alone turnkey seabed mapping as well as optional integration to a customer's combat mission management systems.

About Kraken Robotics Inc.

Kraken Robotics is a marine technology company providing complex subsea sensors, batteries and robotic systems. The company's high-resolution 3-D 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. Kraken is ranked as a Top 100 marine technology company by Marine Technology Reporter.

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