Mr. Greg Reid reports

KRAKEN AWARDED SEABED SURVEY CONTRACT IN AUSTRALIA

Kraken Robotics Inc. has provided more detail on a recent contract announcement. Kraken will supply high-resolution seabed mapping sonar service to Precision Hydrographic Services (PHS), a customer supporting the Australian Department of Defence. The Australian Department of Defence has awarded PHS a program to collect hydrographic high-resolution route surveys (RS) for a number of Australian ports. The purpose of the RS is to enable the collection of maritime geospatial information (MGI) to support maritime domain awareness through the acquisition of high-resolution seabed foundation data and associated oceanographic data.

Under the scope of Kraken's contract, a Katfish high-speed survey/detection solution will be used to acquire high-resolution route surveys of Australian ports. The survey campaign will take place between January and May, 2024. This contract follows the results of a successful in-country demonstration of Katfish for the customer in Q1 of this year and the purchase of a Katfish system by the Royal Australian Navy (RAN) in Q2.

About Katfish

The 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 oceangoing 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 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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