Mr. Greg Reid reports

KRAKEN ROBOTICS SIGNS COOPERATIVE RESEARCH & DEVELOPMENT AGREEMENT WITH US NAVY FOR NEXT GENERATION SYNTHETIC APERTURE SONAR (SAS) BEAMFORMING

Kraken Robotics Inc.'s wholly owned subsidiary, Kraken Robotic Systems Inc., has signed a co-operative research and development agreement (CRADA) with Naval Undersea Warfare Center Division Newport (NUWCDIVNPT). The objective of this CRADA is to conduct joint research into advanced signal processing techniques for the current and future generation of synthetic aperture sonar (SAS) sensor technologies. This also includes exploration into enhanced image processing techniques such as data fusion, image registration, multispectral image enhancement and automated target recognition.

Kraken Robotics has engaged in several CRADAs with U.S. government agencies since 2012, including NUWC Division Newport, NOAA's (National Oceanic and Atmospheric Administration) Office of Ocean Exploration and Research (OER), as well as the Battery Certification and Integration Branch, Code 636, of NSWC (Naval Surface Warfare Center) Carderock. These CRADAs have provided invaluable testing and evaluation for Kraken's portfolio of underwater technology solutions, including Kraken's synthetic aperture sonar, Katfish; actively controlled towed sonar; and pressure-tolerant subsea batteries.

These CRADAs have showcased a strong record of proven technology solutions and collaboration between Kraken's world-leading technical team and the U.S. Navy's centres of excellence. They have allowed Kraken to test technology solutions with subject matter experts from the U.S. Navy, providing invaluable feedback on performance and capabilities. Kraken can then point to the publicly releasable results of the company's collaborative testing under the CRADA as objective evidence when bidding on opportunities domestically or internationally with other Five Eyes or NATO (North Atlantic Treaty Organization) countries.

Greg Reid, president and chief executive officer of Kraken, said: "We are pleased to enter another CRADA with NUWC Division Newport. Since that first CRADA in 2012, Kraken has gone on to deliver our technology solutions to NATO allies across the globe, and the results from each CRADA have been a valuable ground truth for our customers worldwide."

David Shea, chief technology officer of Kraken, said: "Innovation is a core tenant of Kraken. Entering into this new co-operative agreement with NUWC will ensure our science and technology is being evaluated by the best and brightest inside the U.S. Navy, and this allows us to deepen our collaboration on the next generation of seabed intelligence solutions. With several of our sensors now in active use within the U.S. Navy, we are excited to deepen our focus into data-enhanced processing techniques that will benefit both new and existing sensors, leveraging the latest developments in machine learning."

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.