Kraken Robotics Inc., Canada’s Ocean Company, is pleased to announce that its wholly owned subsidiary, Kraken Robotic Systems Inc, has signed a Cooperative Research and Development Agreement (CRADA) with Naval Surface Warfare Center, Carderock Division (NSWCCD). Under the CRADA, the Battery Certification and Integration Branch, Code 636 of NSWC Carderock, will test Kraken’s pressure tolerant lithium-ion batteries. The testing is expected to take four months to complete and is expect to start in calendar Q3 of this year.

Kraken Robotics Inc., Canada’s Ocean Company™, is pleased to announce that it has signed a cooperation agreement with SH Defense (SHD) of Denmark covering the design and sale of containerized mine countermeasure and other subsea surveillance sensor and robotic solutions.

Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), Canada’s Ocean Company™, is pleased to announce new purchase orders for a 6000-meter rated AquaPix® MINSAS 120 sonar and SeaPower® batteries totalling over $1.2 million from a new AUV customer. Due to customer confidentiality, Kraken cannot provide more details at this time. The Company expects to fulfill these orders in 2021.

Kraken Robotics Inc., Canada’s Ocean Company, is pleased to announce that Quincy, Massachusetts based Dive Technologies Inc. (“Dive”) recently completed successful sea trials of Kraken’s Miniature Synthetic Aperture Sonar (MINSAS 120) integrated onto Dive’s Large Displacement Autonomous Underwater Vehicle (DIVE-LD). The DIVE-LD is also powered by Kraken’s pressure tolerant batteries.

Kraken Robotics Inc., Canada’s Ocean Company, is pleased to announce that it has entered into a non-binding letter of intent dated April 8, 2021 in connection with the proposed acquisition of PanGeo Subsea Inc.

Kraken Robotics Inc., Canada’s Ocean Company™, is pleased to announce new contracts for subsea batteries and synthetic aperture sonar and new funding support totalling $2.2 million.

Kraken Robotics Inc., Canada’s Ocean Company™, is pleased to announce a new contract for subsea batteries and new funding support totalling $3.5 million.

Kraken Robotics Inc., Canada’s Ocean Company, is pleased to announce that it recently completed its third offshore data acquisition and technology demonstration campaign as part of the $19 million OceanVision™ project. During this campaign, Kraken deployed its new SeaScout® system which consists of Kraken’s KATFISH™ towed synthetic aperture sonar, the Tentacle® winch and Autonomous Launch and Recovery System (ALARS) to conduct ultra-high definition seabed imaging and mapping in Atlantic Canada.

Kraken Robotics Inc., Canada’s Ocean Company, is pleased to announce that Quincy, Massachusetts based Dive Technologies Inc. recently completed successful sea trials of a Large Displacement Autonomous Underwater Vehicle (LD-AUV) which was powered by Kraken’s pressure tolerant batteries. Kraken expects further contracts with Dive for additional batteries in 2020 and beyond.

Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), Canada’s Ocean Company, is very pleased to acknowledge the support and recognition of the Government of Canada regarding its recent mine countermeasures system contract bookings with important NATO allies Denmark and Poland.

Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), Canada’s Ocean Company, is pleased to announce that on September 1st, it signed a contract to supply minehunting systems to the Polish Navy.

Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), Canada’s Ocean Company, is very pleased to announce that today it has signed a contract with Danish Ministry of Defence, Acquisition and Logistics Organization (DALO) to supply mine-hunting sonar equipment to the Royal Danish Navy.

Kraken Robotics Inc., Canada’s Ocean Company, is pleased to announce that it is receiving advisory services and up to $2,909,891 in research and development funding from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP).

Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), Canada’s Ocean Company, is very pleased to announce that its wholly owned subsidiary, Kraken Robotic Systems Inc., has received notification that the complaint process regarding the Royal Danish Navy’s mine hunting upgrade program has been finalized.

In the midst of the global pandemic, when it seems the world is standing still, people and businesses are still focusing on the future. One group is playing a big role to help companies and entrepreneurs build ocean-based business ideas that will create jobs and bring new money to the economy. Canada’s Ocean Supercluster, born in 2018 from a marriage of private investors and government funding and based in Atlantic Canada, is setting out to increase the value of this nation's ocean economy by $14 billion and 3,000 new jobs over the next 10 years. Oceanindustries in Canada contribute about $30 billion a year to the economy and make up 1.5 percent of the country’s gross domestic product.

Kraken Robotics Inc. (TSX-V: PNG) (OTCQB: KRKNF) (“Kraken” or the “Company”), is pleased to announce that it has entered into a Partnership Agreement with Greensea Systems, Inc., creator of OPENSEA, an open architecture robotic platform.