March 15, 2018

LONDON, UNITED KINGDOM – 15 MARCH 2018 /GLOBE NEWSWIRE/ – Kraken Robotics Inc. (TSX-V: PNG) (OTCQB: KRKNF), is pleased to announce that its German subsidiary, Kraken Robotik GmbH has successfully concluded sea trials with its innovative SeaVision® 3D underwater laser imaging system and is presenting results at Oceanology International in London, Stand E400.

SeaVision® is the world’s first ultra-high resolution RGB underwater laser imaging system that that delivers full colour 3D point cloud images of subsea infrastructure with millimetre accuracy in real-time. The initial system is designed for deployment on underwater robotic platforms such as Remotely Operated Vehicles and Autonomous Underwater Vehicles.

Kraken has concluded multiple test campaigns with the system, including a trial in the Baltic Sea earlier this year. “I am really pleased with the results of the tests, and the attention we have been receiving across a wide range of industries”, said Dr. Jakob Schwendner, Managing Director of Kraken Robotik GmbH. “SeaVision® is applicable to a wide range of applications across multiple industry sectors, including offshore wind, oil & gas, nuclear, military and ocean science. Kraken has started commercial manufacturing of SeaVision® to conduct a series field evaluation trials with customers to further improve application specific performance.”

About SeaVision®
SeaVision® is the world’s first RGB underwater laser imaging system that offers the resolution, range and scan rate to deliver dense full colour 3D point cloud images of subsea infrastructure with millimetre accuracy in real time. It operates in a twin pod configuration with each pod having three steerable laser lines, camera and LED lights producing high-resolution point clouds in unprecedented scan speed and co-registered video data. The concentrated light source provides greater visibility even in high turbidity.
https://lh6.googleusercontent.com/jD2Nm7ZXyeLmiP4JB2NFNAotBh6wjW_Jp41YW2354p9l14JitjSAgxNZl3WaB_uY4FdfcfjZD_jptZ6Iop_9p2T5WfTMo9OMo8Xcvi9yKkOQ1X3GcCf7rzpkhkwke6NiuooyPgY6
SeaVision® delivers 3D point cloud images with millimetre accuracy in real time.

Equipped with a high-resolution camera and laser, the system allows operators to reconstruct objects on the seabed in such a way that detailed models can be subsequently produced for 3D visualization. Its 3D imaging capabilities include generation of geo-registered “as-built” models of structures on the seabed or in the water column, survey of subsea infrastructure and comparison against baseline models and detection of structural defects or other out-of-spec conditions that exceed threshold values.

The ability to generate accurate 3D reconstruction of underwater infrastructure is an important requirement for commercial, military and ocean research applications. While sonar is the technology of choice for covering large areas, 3D laser systems such as Kraken’s SeaVision® provide significantly higher resolution and accuracy at inspection ranges of under 10 metres.

SeaVision® uses a full colour laser scanning process that is repeated thousands of times per second to generate coordinate values of millions of points on a reflected surface. The coordinates and intensity associated with each reflected laser pulse are processed in real time to generate an ultra high-resolution point cloud. SeaVision® produces over 800,000 colored points per second and can reconstruct a 3D object in real-time with typical spatial accuracy of better than 2 millimetres. These datasets can be used to create highly detailed models for 3D visualization, artificial intelligence and predictive analytics.

About Kraken Robotics Inc.
Kraken Robotics Inc. (TSX.V:PNG) (OTCQB: KRKNF) is a marine technology company, founded in 2012, 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; Bremen, Germany; and Fairfax, Virginia. 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.

Contacts:

Greg Reid, Chief Financial Officer
(416) 818-9822
greid@krakenrobotics.com

Sean Peasgood, Investor Relations
(416) 565-2805
sean@sophiccapital.com

Glenda Leyte, Marketing Manager
(709) 757-5757 extension 288
gleyte@krakenrobotics.com

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