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) (“Kraken” or the “Company”), is pleased to announce that its wholly owned subsidiary, Kraken Robotic Systems Inc., has been awarded a contract valued at $524,720 with the Government of Canada for Kraken’s SeaVision® 3D laser scanner. SeaVision® was initially pre-qualified under the Canadian government’s Build in Canada Innovation Program (BCIP). Effective April 1, 2019, BCIP became the Innovative Solutions Canada –Testing Stream (ISC-TS), delivered by Innovation, Science & Economic Development’s Innovation Canada Sector. Kraken expects to deliver SeaVision® to its test partner, Parks Canada – Underwater Archaeology Team (UAT) during Q3 2020. Parks Canada and Kraken plan to conduct at-sea testing and evaluation of the SeaVision® system at a variety of archaeologically significant sites including the HMS Erebus and HMS Terror at the National Historic Site of Canada, Nunavut. Kraken was previously involved in Parks Canada’s discovery of the HMS Erebus during the Franklin Expedition in Summer 2014.

Nanaimo-based SEAMOR Marine Ltd. is receiving an investment of up to $100,000 from the Women Entrepreneurship Fund offered by the Government of Canada. Among only three companies on Vancouver Island, SEAMOR Marine joins approximately 200 other women-led businesses across Canada to receive this funding.