Mr. Greg Reid reports

KRAKEN ROBOTICS ANNOUNCES $2.4 MILLION OF SONAR AND SUBSEA POWER CONTRACTS

Kraken Robotics Inc. has received contracts totalling $2.4-million for subsea batteries and synthetic aperture sonar systems (SAS). The SAS sensor contracts are for a research institute and a hydrographic office of an unnamed Navy. No details can be provided on the subsea power customer due to confidentiality. Deliveries will occur in 2024.

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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