January 9, 2019

ST. JOHN’S, NEWFOUNDLAND – 9 JANUARY 2019/GLOBE NEWSWIRE/– Kraken Robotics Inc. (TSX-V: PNG) (OTCQB: KRKNF) (“Kraken” or the “Company”), is pleased to announce that itsPresident and CEO, Karl Kenny, has been invited to speak at the MAROS (Maritime Robotik und Sensorik) Conference being held in Berlin, Germany on January 17-18, 2019.

Mr. Kenny said, “I am pleased to speak at this conference organized by Fraunhofer IOSB, a Kraken strategic partner. There are strong synergies between our organizations, and we look forward to making further announcements with Fraunhofer and other underwater robotics sector partners – particularly those related to our OceanVision™ project and a new development initiative code-named Kraken JellyFish™, a Hybrid Remotely Operated Vehicle.”

Germany’s maritime economy is a high-tech sector that employs approximately 400,000 employees with an annual turnover of over 50 billion euros — and is one of Germany’s most important industry sectors. Maritime technologies have an important and strategic role to guarantee Germany’s supply of energy, natural resources and food.

ABOUT THE MAROS CONFERENCE

The MAROS conference has been held on a biannual basis since 2011. MAROS is supported by the German Federal Ministry for Economics and Technology as well as the Gesellschaft für Maritime Technik. It is organized by Fraunhofer IOSB and other research organizations.

MAROS 2019 will continue the work started at MAROS 2017 in Potsdam where several workshops led to a value chain roadmap addressing the following issues in the field of maritime robotics and sensors.

The MAROS 2019 conference will focus on networking. The first day is devoted to the exchange of experience on interesting markets and technical highlights as well as information from politics and associations. On the second day, technical aspects of co-operation will be dealt with in workshops. For more information, please visit MAROS 2019.

 

KRAKEN ROBOTIK GMBH OPERATIONS UPDATE

 

At Kraken Robotik GmbH (KRG), based, in Bremen, Germany, we recently added 2 new software developers, one from Apple and one from the Brazilian Institute of Robotics. The KRG team is focused on algorithm and software development for the SeaVision® underwater 3D laser scanner, as well as sophisticated autonomy modules for two large subsea autonomy projects announced in 2018. Both development paths will directly support a new Kraken development initiative, the JellyFish™ Hybrid ROV platform.

 

ABOUT KRAKEN ROBOTICS INC.

 

Kraken Robotics Inc. (TSX.V:PNG) (OTCQB: KRKNF) is a marine technology company that is dedicated to the production and sale of software-centric sensors and underwater robotic systems. The company is headquartered in St. John’s, Newfoundland with offices in Dartmouth, Nova Scotia; Toronto, Ontario; Bremen and Rostock, Germany; and Boston, Massachusetts. Kraken is ranked as a Top 100 marine technology company by Marine Technology Reporter. For more information, please visit www.krakenrobotics.com, www.krakenrobotik.de, www.krakenpower.de. Find us on social media on Twitter (@krakenrobotics), Facebook (@krakenroboticsinc) and LinkedIn.

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 Provide (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, please contact:

Greg Reid, Chief Financial Officer

(416) 818-9822

greid@krakenrobotics.com

 

Sean Peasgood, Investor Relations

(647) 955-1274

sean@sophiccapital.com

 

Glenda Leyte, Marketing Manager

(709) 757-5757 extension 288

gleyte@krakenrobotics.com

 

 

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