Kraken Robotics Inc. is pleased to announce the completion of all deliveries and the successful sea acceptance of all systems for its mine-hunting sonar equipment under the Royal Danish Navy Minehunting sonar upgrade program.

Kraken Robotics is pleased to announce that it has received an order from NATO Science and Technology Organisation (STO) Centre for Maritime Research and Experimentation (CMRE) for a Miniature Synthetic Aperture Sonar (MINSAS) System from Kraken. The order followed an openly competed tender process and was delivered in Q4. Kraken’s MINSAS was selected having met CMRE’s rigorous requirements for a robust, broadband Synthetic Aperture Sonar. Kraken’s MINSAS will be integrated onto a NATO CMRE’s Uncrewed Underwater Vehicle (UUV), where it will also support advanced Artificial Intelligence capabilities such as Automated Target Recognition (ATR).

Kraken Robotics Inc. Announces that it has supplied high-resolution seabed mapping sonar equipment to the Royal Australian Navy.

Kraken Robotics is pleased to announce an initial order of its AquaPix® Miniature Synthetic Aperture Sonar (MINSAS) System for HII’s new REMUS 620 Medium Class UUV. Synthetic Aperture Sonar is quickly becoming the tool of choice for mine countermeasure (MCM) operations due to its significantly increased resolution and higher area coverage rates compared to legacy side scan sonar. This order is valued at $1 million and will be fulfilled in 2024.

Kraken Robotics Announces $3 Million Boulder Detection Survey Contract for Offshore Wind Farm Project in Europe. Kraken’s contract scope includes mobilisation of a dedicated survey vessel, deployment of optimal sub-bottom survey equipment, and expert personnel to provide specialist engineering design support to de-risk the installation of the project’s two large offshore substations. This survey campaign will be executed in Q4 2023 with Kraken’s Acoustic CorerTM technology providing accurate, high resolution 3D imaging of twenty-four sub-seabed cores, with the cores placed to maximise coverage over the foundation leg locations.

Kraken Robotics is pleased to announce its recent participation at Exercise REPMUS 23 in Portugal. The Robotic Experimentation and Prototyping with Maritime Unmanned System (REPMUS) is focused on capability development and interoperability, and the 2023 Exercise involved 15 NATO partners, as well as Sweden and Ireland. Kraken’s field support team was onsite throughout the exercise, working closely with three NATO navy teams (the US, UK, and Netherlands) utilizing three generations of HII’s REMUS unmanned underwater vehicles (UUVs), all of which were retrofitted with Kraken’s Man-Portable Synthetic Aperture Sonar (MP-SAS). The UUVs included MK18 Mod 1, REMUS 100 NGR, and REMUS 300 underwater vehicles, showing the versatility of MP-SAS and its capability to be used across multiple platforms.

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.