Mr. Greg Reid reports

KRAKEN ROBOTICS APPOINTS PETER HUNTER AS CHAIRMAN OF BOARD OF DIRECTORS

Effective April 23, 2024, Kraken Robotics Inc. has appointed Peter A. Hunter as chairman of the company's board of directors. Mr. Hunter joined Kraken's board in November, 2023, and is the founder, chairman and managing partner of Artemis Capital Partners LP, a Boston-based specialized private equity firm focused on differentiated industrial technology manufacturers.

An attorney and a CPA, Mr. Hunter has over 30 years of experience as both an investor and operator. His areas of expertise include strategic growth, structuring of multistakeholder strategies (including mergers and acquisitions, joint ventures, and partnerships), corporate governance and organizational planning. Mr. Hunter also has subsea technology expertise, having served three years as the chairman of Hydroid LLC, an industry leader in unmanned underwater vehicles (UUVs) with its Remus UUV brand. Mr. Hunter was chairman of Hydroid from its early days to its eventual acquisition by Kongsberg Maritime AS in 2008. Hydroid was subsequently acquired from Kongsberg in 2020 by Huntington Ingalls, the U.S. Navy's largest shipbuilder and UUV provider (now known as HII).

Greg Reid, Kraken's president and chief executive officer and a director, noted: "We are pleased to see Peter take on the chairmanship of the Kraken board of directors. In his short time on the Kraken board, Peter has added very valuable experience and perspective. The senior management team looks forward to working closely with Peter and the board to take the company to the next level."

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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