Kraken Named to Marine Technology Top 100

ST. JOHN’S, NL–(Marketwired – August 13, 2015) – Kraken Sonar Inc. (TSX VENTURE: PNG) announced that its wholly-owned subsidiary, Kraken Sonar Systems Inc. has again been named by Marine Technology Reporter to the MTR 100 — a list of the 100 most influential companies in the international marine technology marketplace. This is the third year in a row that Kraken has been selected for the list. Kraken was one of 12 Canadian companies named and the only company selected from Newfoundland. Marine Technology Reporter is the world’s largest audited circulation magazine to cover the marine technology market. Each year the magazine evaluates and ranks marine technology companies worldwide to create the MTR 100 list. In the July/August 2015 issue, Kraken and other companies are profiled as the leading companies serving today’s global marine technology industry. The issue is now available online at: http://www.marinetechnologynews.com/magazine Karl Kenny, President and CEO of Kraken said,…

Kraken Awarded US$325,000 Sonar Contract by ECA Robotics (ECA Group)

ST. JOHN’S, NL–(Marketwired – August 11, 2015) – Kraken Sonar Inc. (TSX VENTURE: PNG) is pleased to announce that it has been awarded a contract valued at over US$325,000 by ECA Robotics (ECA Group — France). Kraken will supply and help integrate its AquaPix® Miniature Interferometric Synthetic Aperture Sonar and Embedded Real-Time SAS Signal Processor on ECA Robotics’ (ECA Group) newest A18D Autonomous Underwater Vehicle (AUV) (http://www.ecagroup.com/en/solutions/a18d). “AquaPix® is a game changer for seabed survey,” said Kraken President and Chief Executive Officer Karl Kenny. “We are delighted with this contract award by ECA Robotics (ECA Group). Demand for our AquaPix® sonar by some of the most influential companies in the unmanned maritime vehicle industry continues to validate the technology and open new market opportunities.” Artist rendition of ECA Robotics (ECA Group) A18D AUV shown fitted with Kraken’s AquaPix® Miniature Interferometric Synthetic Aperture Sonar ABOUT AquaPix® Kraken’s AquaPix® is an industry…

Kraken and Tritech Launch Correlation Velocity Log

ST. JOHN’S, NL–(Marketwired – August 04, 2015) – Kraken Sonar Inc. (TSX VENTURE:PNG) is pleased to announce that its wholly-owned subsidiary, Kraken Sonar Systems Inc. has entered into an agreement with Tritech International Limited, a Moog Inc. company, for the supply of a leading technology to the subsea industry. Key Highlights of the Strategic Agreement: Multi-year agreement with Tritech International Ltd [Tritech]; Tritech to manufacture, sell and support the ‘AquaTrak™’ Correlation Velocity Log (CVL) designed and developed by Kraken; Tritech to sell into its extensive international network; First shipments expected in Q4/2015 Under the terms of the multi-year agreement, Tritech will sell the Kraken-developed CVL, AquaTrak™, under the Tritech name and branding, through their international network. Tritech is a subsea industry leader well-known for supplying equipment to the ROV (Remotely Operated Vehicle) and AUV (Autonomous Underwater Vehicle) markets. “We are very pleased to have signed this agreement with Tritech, an…

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