Thursday 18 April 2019

Kraken Robotics Inc. (TSX-V: PNG) (OTCQB: KRKNF) (“Kraken” or the “Company”), is pleased to announce that its wholly owned subsidiary, Kraken Robotic Systems Inc., has been awarded a contract valued at $1 million with the Government of Canada for the ThunderFish® 300 Autonomous Underwater Vehicle (AUV). Kraken’s ThunderFish® 300 was initially pre-qualified in April 2018 under the Canadian government’s Build in Canada Innovation Program (BCIP). Kraken expects to deliver the ThunderFish® 300 to its test partner, Defense Research and Development Canada (DRDC), in Halifax in Q2 2019.

Karl Kenny, Kraken’s President and CEO said, “We are very pleased to be contracted to deliver our ThunderFish® AUV to DRDC. This represents a pre-commercial R&D sale of ThunderFish®. We are continuing development of the ThunderFish AUV platform to bring additional features to the market including the integration of our Multispectral SAS and 3D laser scanner sensors.”

The ThunderFish® AUV is an innovative marine robot designed for ultra high-resolution seabed imaging and mapping applications. It can be used for a wide range of oceanographic and military tasks including underwater surveys, environmental monitoring, habitat mapping, marine archaeology, inspection of submerged structures, searching for downed aircraft and naval mine countermeasures. ThunderFish® carries an array of sensors and custom payload modules, including Kraken’s AquaPix® Synthetic Aperture Sonar. The platform can be configured to operate at depths up to 6,000m and is ideal for monitoring or surveillance tasks where cost efficiency, ease of deployment and operational simplicity matters. Its modular design allows for rapid sensor reconfiguration and battery replacement.