ST. JOHN’S, NEWFOUNDLAND, February 23, 2021 /GLOBE NEWSWIRE/ — Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), Canada’s Ocean Company™, is pleased to announce that its subsidiary, Kraken Robotic Systems Inc., has earned ISO 9001:2015 certification for its Quality Management System (QMS), including manufacturing sites located in Mount Pearl, NL and Dartmouth, NS.

 

ISO 9001:2015 is a globally recognized quality management standard developed and published by the International Organization for Standardization (ISO) that provides a model companies of all types and sizes can use to build an effective quality management system. The standard is based on several quality management principles, including a strong customer focus, involvement of high-level company management, a process-driven approach and continuous improvement of the QMS. Maintaining certification will require comprehensive audits by our internal team and validation by a third-party certifying body to ensure compliance with the standard.

Kraken CEO Comments

Karl Kenny, Kraken President and CEO noted:

“Receiving ISO 9001:2015 certification was a rigorous and thorough process that required the engagement of our entire organization. This achievement represents strong, third-party validation of Kraken’s commitment to providing the highest quality products and services to our customers. Adoption of these processes and procedures further ensures that our customers receive consistent, excellent quality products and services as well as continued quality improvement, increased operational efficiency and enhanced accountability. This recent announcement also demonstrates Kraken’s commitment to quality extends beyond borders; Kraken’s subsea power subsidiary, Kraken Power GmbH, also holds an ISO 9001:2015 certification, ensuring our complete line of products are produced with the same exacting quality standards.”

Kraken Power GmbH Comments

Dr. Carl Thiede, Managing Director said

“We are very happy to be joined by Kraken Robotic Systems Inc. for ISO 9001:2015 certification. Furthermore, Kraken is also working towards a variety of quality and safety certifications for its battery products, to increase opportunities in the commercial and defense markets. Specifically, Kraken Power GmbH is working to comply with both US Navy and offshore energy classification society requirements for pressure tolerant lithium batteries.”

ABOUT KRAKEN ROBOTICS INC.

Kraken Robotics Inc. (TSX.V:PNG) (OTCQB: KRKNF) is a marine technology company dedicated to the production and sale of software-centric sensors, subsea batteries and thrusters, and underwater robotic systems. The company is headquartered in St. John’s, Newfoundland with offices in Dartmouth, Nova Scotia; Toronto, Ontario; Bremen & Rostock, Germany; Copenhagen, Denmark; 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:

Joe MacKay, Chief Financial Officer

(416) 303-0605

jmackay@krakenrobotics.com

 

Greg Reid, Chief Operating Officer

(416) 818-9822

greid@krakenrobotics.com

 

Sean Peasgood, Investor Relations

(647) 955-1274

sean@sophiccapital.com