Kraken Announces KATFISH Sonar System

ST. JOHN’S, NL–(Marketwired – July 21, 2015) – Kraken Sonar Inc. (TSX VENTURE: PNG) is pleased to announce development of KATFISH (Kraken Active Tow FISH), an innovative sonar platform for military and commercial applications. KATFISH is a key development objective in delivering on the Company’s “sensor-to-systems” strategy. To view a 3D Rendering of the Kraken Active Towfish, KATFISH-180, including the 180 cm sonar array, please visit the following link: http://media3.marketwire.com/docs/KATFISH-180.jpg ABOUT KRAKEN SONAR’S KATFISH The primary objective of the KATFISH project is to develop an actively controlled, intelligent towfish as a platform for real-time ultra-high resolution seabed mapping system, based on Kraken’s Miniature Interferometric Synthetic Aperture Sonar (MINSAS) technology and Real-Time SAS Processing algorithms. The KATFISH system is comprised of an actively controlled smart towfish, winch and handling subsystem and operator console. The winch and handling subsystem provides the capability to launch, tow, recover and stow the tow fish. The…

Kraken Announces Executive Appointments

ST. JOHN’S, NEWFOUNDLAND, JULY 13, 2015 /Marketwired/ — Kraken Sonar Inc. (TSX-V: PNG) is pleased to announce that two industry veterans have joined the Company to further develop its sensors-to-systems strategy. Highlights: Dr. Tom Tureaud brings 30 years of industry experience with expertise that resulted in 12 patents. Gina Miller adds ten years of Unmanned Underwater Vehicle system engineering and leadership to Kraken’s design team. Karl Kenny, President and Chief Executive Officer of Kraken, noted, “We view these appointments as a sign of our commitment to being a leading company in our industry. Our new innovations and increasing customer demand led us to look for additions to our team who will further our sensors-to-systems strategy. We are very fortunate that we were able to find such high caliber people. I’m confident that both Tom and Gina will play key roles in providing and implementing high quality, advanced underwater solutions for…

Kraken Engages Sophic Capital for Capital Markets Services

ST. JOHN’S, NL–(Marketwired – July 08, 2015) – Kraken Sonar Inc. (TSX VENTURE: PNG) announced today it has appointed Sophic Capital Inc. (Sophic Capital) as its investor relations firm. Sophic is a comprehensive capital markets advisory firm for companies in the technology sector. “We are very pleased to have Sophic Capital as our new IR partner,” said Karl Kenny, CEO of Kraken. “Sophic is well positioned to communicate the Company’s technology and strategy to the investment community. Kraken is moving into a significant growth phase and Sophic’s proven capital market success adds a strong element to our investor messaging and outreach.” “Kraken’s strong management team, disruptive technology, and large market opportunity are key characteristics that we see in successful technology companies,” said Sean Peasgood, CEO of Sophic Capital. “We are excited to be joining Kraken to increase visibility in the capital markets and implement a strategy to increase shareholder value.”…

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