Ms. Erica Hasenfus reports

KRAKEN ROBOTICS SIGNS MEMORANDUM OF UNDERSTANDING WITH SEFINE SISAM

Kraken Robotics Inc. has signed a memorandum of understanding (MOU) with Sefine Sisam (Strategic Unmanned Systems Research Center) during the SAHA exposition in Turkey.

As part of the agreement, Kraken will work with Sisam to integrate Katfish into its mission planning software and develop automatic target recognition (ATR) capabilities for Kraken Synthetic Aperture Sonar.

"We're pleased to continue our work with Sefine following a successful at-sea demonstration earlier this year," said Bernard Mills, executive vice-president of defence at Kraken Robotics. "This partnership poises us to rapidly develop and deliver relevant capability in a region that combines industrial excellence and operational need. Together, we are advancing fully integrated, autonomous solutions for seabed warfare and mine countermeasures -- enhancing the speed, accuracy and efficiency of maritime security operations."

Kraken and Sefine recently demonstrated Kraken's Katfish and unmanned surface vessel (USV) launch and recovery system from Sefine's RD-22 USV off the coast of Istanbul, Turkey, validating rapid, high-resolution detection and classification of mine-like objects and critical underwater infrastructure in an operational environment.

About Kraken Robotics Inc.

Kraken Robotics is transforming subsea intelligence through 3-D imaging sensors, power solutions and robotic systems. The company's products and services enable clients to overcome the challenges in our oceans -- safely, efficiently and sustainably.

Kraken's synthetic aperture sonar, sub-bottom imaging and lidar (light detection and ranging) systems offer best-in-class resolution, providing critical insights into ocean safety, infrastructure and geology. The company's revolutionary pressure tolerant batteries deliver high energy density power for UUVs and subsea energy storage.

Kraken Robotics is headquartered in Canada with offices in North America, South America and Europe, supporting clients in more than 30 countries worldwide.

On March 3, 2026, Kraken announced the acquisition of Covelya Group Ltd., a leading international provider of mission-critical underwater technology solutions operating through its subsidiary companies: Sonardyne International Ltd., EIVA A/S, Forcys Ltd., Wavefront Systems Ltd., Voyis Imaging Inc. and Chelsea Technologies Ltd. The acquisition is expected to close during the second quarter of 2026, subject to the satisfaction of customary conditions and regulatory approvals.

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