Kraken Receives $4M Order from NATO Navy

Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), announces a $4 million follow on order from a NATO Navy customer for KATFISH™ spares. Delivery is expected to occur during the next 12 months.

KATFISH™ is a high speed, actively stabilized Synthetic Aperture Sonar (SAS) towfish that operates at speeds up to 10 knots. The high-speed capability, and constant resolution of KATFISH™ greatly increases Area Coverage Rates (ACR) by providing more useable data for MCM missions than traditional Side Scan Sonars. KATFISH™ provides real time high-resolution ACR of up to 4 km2/hr with 3.3 cm x 3.0 cm* constant resolution across ranges up to 200 m per side with simultaneous 3D bathymetry. *1.9 cm x 2.1 cm constant resolution available with post-processing.