Mr. Greg Reid reports

KRAKEN RECEIVES SYNTHETIC APERTURE SONAR ORDER FROM NATO CMRE

Kraken Robotics Inc. has received an order from NATO Science and Technology Organisation (STO) Centre for Maritime Research and Experimentation (CMRE) for a miniature synthetic aperture sonar (MINSAS) system from Kraken. The order followed an openly competed tender process and was delivered in Q4. Kraken's MINSAS was selected having met CMRE's rigorous requirements for a robust, broadband Synthetic Aperture Sonar. Kraken's MINSAS will be integrated onto a NATO CMRE's Uncrewed Underwater Vehicle (UUV), where it will also support advanced Artificial Intelligence capabilities such as Automated Target Recognition (ATR).

About Kraken SAS

Kraken's Miniature Synthetic Aperture Sonar (MINSAS) is an off the shelf, configurable SAS that replaces high end sidescan systems at an affordable price, while delivering higher resolution, range, and area coverage rates (ACR). The increased range, resolution, and therefore higher useable ACR of SAS over traditional Side Scan Sonar systems significantly expand the capabilities of naval, scientific, and commercial applications. Kraken's MINSAS is capable of 2 cm x 2 cm Ultra High-Definition SAS imaging at long ranges, while also being uniquely positioned within the industry to bring this capability to the increasingly popular man-portable (small-sized) vehicle class.

Kraken has extensive experience working with AUV manufacturers to ensure proper integration of our MINSAS into a variety of AUVs from small to large diameter. We have sold over 50 AUV-based MINSAS sensors on more than 20 different models of underwater vehicle platforms from shallow (<10 m) water to full ocean depth (6000 meters). As a testament to the rapidly increasing adoption of SAS, almost half of these sales have been in the last 2 years.

A modular and versatile sensor for seabed intelligence, Kraken's SAS is field-proven by being one of only two companies in the world that has delivered and integrated SAS into man portable vehicles (small-sized), towed systems, and deep-water vehicles. This ability to use the same sensor across several platforms enables military customers to streamline their Post Mission Analysis by having the same sonar resolution and ATR performance across their entire fleet of vehicles and mission requirements.

SAS not only provides higher resolution data, but also provides more complex acoustic information than traditional sidescan sensors, which may enable end users to develop more intelligent processing capabilities for advanced object detection and classification.

ABOUT KRAKEN ROBOTICS INC.

Kraken Robotics Inc. (TSX.V:PNG) (OTCQB: KRKNF) is a marine technology company providing complex subsea sensors, batteries, and robotic systems. Our high-resolution 3D acoustic imaging solutions and services enable clients to overcome the challenges in our oceans - safely, efficiently, and sustainably. Kraken Robotics is headquartered in Canada and has offices in North and South America and Europe. Kraken is ranked as a Top 100 marine technology company by Marine Technology Reporter.

Other News

As noted in a news release dated November 30, 2022, Bernard Mills joined Kraken's Board of Directors. The Company issued 400,000 stock options to Mr. Mills in connection with his appointment to the Board. These options have a five-year term, with vesting in three equal instalments on the date of grant and on the one and two-year anniversaries of the date of grant. Each option is exercisable for one common share at an exercise price of $0.59.