ST. JOHN’S, Newfoundland and Labrador, May 20, 2025 (GLOBE NEWSWIRE) — Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF) announces that it has received new orders totaling more than $3 million for Kraken Synthetic Aperture Sonar (SAS). The Kraken SAS systems will be integrated on small and medium-class uncrewed underwater vehicles (UUVs) for clients in Asia Pacific, Europe, and North America.
“We continue to see high demand for our synthetic aperture sonar on uncrewed systems, especially for small-class UUVs,” said Greg Reid, President and CEO of Kraken Robotics. “Kraken SAS enables clients to significantly increase the capabilities of their uncrewed platforms, providing a larger swath with consistent high resolution, enabling missions to be completed faster and more accurately.”
One of the orders is for the University of Southern Mississippi’s Roger F. Wicker Center for Ocean Enterprise, which will be outfitting a variety of autonomous underwater vehicles (AUVs) and autonomous surface vessels (ASVs) with Kraken SAS to support research, development, testing, and evaluation activities.
Kraken SAS integrates the capability to perform imaging and bathymetric mapping simultaneously, offering user selectable 3 cm x 3 cm or 2 cm x 2 cm processing and increased ranges up to 200 meters per side. Its flexible, modular design allows integration across all small, medium, and large diameter UUVs rated to 300, 1000, or 6000 meter depths.
Figure 1: Kraken Synthetic Aperture Sonar image of a sunken barge in Halifax Harbour.
ABOUT KRAKEN ROBOTICS INC.
Kraken Robotics Inc. (TSX.V: PNG) (OTCQB: KRKNF) is transforming subsea intelligence through 3D imaging sensors, power solutions, and robotic systems. Our products and services enable clients to overcome the challenges in our oceans – safely, efficiently, and sustainably.
Kraken’s synthetic aperture sonar, sub-bottom imaging, and LiDAR systems offer best-in-class resolution, providing critical insights into ocean safety, infrastructure, and geology. Our revolutionary pressure tolerant batteries deliver high energy density power for UUVs and subsea energy storage.
Kraken Robotics is headquartered in Canada with offices in North America, South America, and Europe, supporting clients in more than 30 countries worldwide.
LINKS:
www.krakenrobotics.com
SOCIAL MEDIA:
| www.linkedin.com/company/krakenrobotics | |
| X | https://x.com/krakenrobotics |
| www.facebook.com/krakenroboticsinc | |
| YouTube | www.youtube.com/channel/UCEMyaMQnneTeIr71HYgrT2A |
| www.instagram.com/krakenrobotics |
FORWARD-LOOKING STATEMENTS
Certain information in this news release constitutes forward-looking statements. When used in this news release, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “seek”, “propose”, “estimate”, “expect”, and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect the Company’s current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors set out in the Company’s public disclosure documents. Many factors could cause the Company’s actual results, performance or achievements to vary from those described in this news release, including without limitation those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release and such forward-looking statements included in, or incorporated by reference in this news release, should not be unduly relied upon. Such statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release, and the OTCQB has neither approved nor disapproved the contents of this press release.
For further information:
Erica Hasenfus, Director of Marketing
erica.hasenfus@krakenrobotics.com
Joe MacKay, Chief Financial Officer
(416) 303-0605
jmackay@krakenrobotics.com
Greg Reid, President & CEO
(416) 818-9822
greid@krakenrobotics.com
Sean Peasgood, Investor Relations
(647) 955-1274
sean@sophiccapital.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/778afc61-d1c2-4a11-829a-21e3d758e6d4
