Kraken Sonar Receives Order From Leading Defence Contractor

Kraken Sonar Inc. (TSX VENTURE: PNG) is very pleased to announce that its wholly-owned subsidiary, Kraken Sonar Systems Inc., has received an order for its AquaPix® Synthetic Aperture Sonar system from a major international defence contractor. (Due to the sensitivity of its business, the client name cannot be disclosed.)

AquaPix® is an industry leading sonar system providing military grade technology that provides superior 3D seabed imaging, faster data processing and a lower cost than existing technology. Over the past 60 days Kraken has received orders exceeding $1.2 million with deliveries expected in the current financial quarter.

"AquaPix® is a game changer for seabed mapping," said Kraken President and Chief Executive Officer Karl Kenny. "Demand for our AquaPix® systems by some of the most influential companies in underwater defence validates the technology, enhance our corporate image and open new opportunities in the other market sectors we serve."

AquaPix® utilizes military-proven SAS algorithms and robust design, providing a complete sonar solution for applications that include naval mine countermeasures, hydrographic survey and subsea surveillance of strategic assets.

Source: Kraken Sonar Inc.
Date: Apr 21, 2015