Kraken Robotics announces a $9.5 million contract to supply high-resolution seabed mapping sonar equipment to a navy in Asia-Pacific. The customer cannot be named at this time. Under the scope of the contract, Kraken will deliver its KATFISH™ high-speed minehunting solution. The contract also includes a variety of support and sustainment options, including training, spares and operational support.

Kraken Robotics announces that it has received a purchase order for subsea batteries valued at $16 million. Deliveries will occur in 2023 and 2024. The purchase order includes a significant advance payment. With this order Kraken has now received more than $30 million of purchase orders in the last 6 months for its SeaPower® subsea batteries. Since the beginning of 2022, Kraken has announced more than $120 million of contracts providing us solid visibility for our strong growth trajectory we are on.

Kraken Robotics is to support subsea solutions provider N-Sea with cable burial survey services during cable inspection and remedial burial campaign for a major interconnecting power cable asset in the North Sea.

Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), Canada’s Ocean Company, announced it has been awarded a prime contract with the Government of Canada to provide Remote Minehunting and Disposal Systems (RMDS) for the Department of National Defense (DND). The contract consists of an estimated 24-month acquisition program followed by an initial five-year Integrated Logistics Support (ILS) program, which includes options for additional equipment, spare parts, training, and technical support. Formal contract signature and kickoff of the Acquisition program will occur in January 2023. If all options in the Acquisition and ILS programs are selected, the total value will exceed $50 million, consisting of approximately $40 million for Acquisition and $10 million for ILS. Kraken expects margins on this program to be in line with our historical corporate averages. Progress payments will be made over the 24-month term of the acquisition contract.

Kraken Robotics announces that it has received an initial order for subsea batteries valued at $14 million, which includes a significant advance payment. Deliveries will occur in 2023.

Kraken Robotics Inc., Canada’s Ocean Company, is pleased to announce an order for subsea batteries from a manufacturer of Autonomous Underwater Vehicles (AUVs). The order is valued at $1.1 million and is a follow on from a $4.8 million order from the same customer earlier this year. For confidentiality reasons, we cannot disclose the customer’s name. Delivery is expected in Q4.

Kraken Robotics Inc., Canada’s Ocean Company, is pleased to announce new contracts valued at more than $1.6 million for its AquaPix® Synthetic Aperture Sonar (SAS). Deliveries will occur in 2022. Due to confidentiality reasons the customers cannot be named.

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., Canada’s Ocean Company™, is pleased to announce a second purchase order for 6000-meter rated AquaPix® MINSAS 120 sonars from Teledyne Gavia. While we cannot provide the specific amount of these orders to Kraken, they total between $1.75 and $2.0 million. Kraken expects to fulfill these orders in 2021.

Kraken Robotics Inc., Canada’s Ocean Company™, is pleased to announce that it has received an order for a 3000-meter rated AquaPix MINSAS 120 Synthetic Aperture Sonar from an American autonomous underwater vehicle (AUV) manufacturer. The contract value is $0.5 million and delivery to the customer is expected in 2021. Since March of this year, Kraken has received orders for AquaPix MINSAS 120 Synthetic Aperture Sonars from customers in the US, Europe, and Australia for integration onto three different AUV platforms.

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. (TSX-V: PNG, OTCQB: KRKNF), Canada’s Ocean Company, is pleased to announce that it has acquired 13 Robotics Ltda of Brazil (“13R”). The 13R team, with offices in Rio de Janeiro and Salvador, Brazil, consists of software developers and engineers who have significant experience in underwater robotics and autonomous systems for the energy markets. Since inception in 2013, 13R have completed projects for a number of global energy companies, with a focus on autonomous underwater inspection in offshore oil and gas as well as renewable energy.

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.