March 6, 2019

ST. JOHN’S, NEWFOUNDLAND – 6 MARCH 2019 /GLOBE NEWSWIRE/ – Kraken Robotics Inc. (TSX-V: PNG) (OTCQB: KRKNF) (“Kraken” or the “Company”), is pleased to announce that the Company has developed the AquaPix® MINSAS-240 Synthetic Aperture Sonar (SAS).

Karl Kenny, Kraken’s President & CEO said, “For demanding subsea survey missions in mine countermeasures, infrastructure monitoring and oil & gas exploration; time is of the essence. The sensor that gets the job done most effectively is one that combines ultra-high resolution imagery with an extremely high area coverage rate. Kraken’s latest development, the AquaPixâ MINSAS-240 sensor, has been designed to advance the state-of-the-art in seabed mapping for both high-speed towed systems and Large Diameter Unmanned Underwater Vehicles (LDUUVs).”

The MINSAS-240 achieves an industry-leading Area Coverage Rate (ACR) of 5.3 km2/h with 3´3 cm image resolution and 6´6 cm bathymetry resolution across the entire swath. The incredibly high pixel density sets a new standard for seabed image quality. Kraken’s embedded real-time processor enables in-stride data analysis for faster decision making as all data is processed at the highest quality setting in real-time. The superior length of the MINSAS-240 receiver array allows for true full-aperture SAS processing even at tow speeds up to 20 knots without switching to a lower resolution imaging mode at high speed. The sensor is rated for operating depths of up to 6,000 metres.

In mine warfare, it is well known that the probability of detecting and classifying a target increases with improving image resolution. A similar principle applies for commercial seabed survey operations, where clear imagery is needed to show the health and integrity of subsea assets. High ACR is therefore only effective when the resolution of the data being collected satisfies the objectives of the mission. At lower resolution settings, multiples passes are required to detect and classify an object with confidence, reducing the effective rate of coverage. With its combination of speed, range, and resolution, Kraken’s MINSAS-240 achieves the world’s highest effective ACR, mapping the seabed in exceptional contrast, clarity and detail when every second counts.

Some applications for the MINSAS-240 Synthetic Aperture Sonar include:

Underwater Defence – MCM, ISR, REA

Hydrographic Survey

Marine Archaeology

Subsea Infrastructure Inspection – Oil and Gas, Offshore Wind, Tidal Energy

Environmental Assessment – Leak and Seep Detection, Offshore Asset Integrity

Seabed Survey – Search and Recovery

AquaPix® MINSAS-240 is now available and ready for integration on a wide variety of unmanned underwater platforms. For more information, please contact sales@krakenrobotics.com

 

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 and is ranked as the top technology company on the TSX-V for 2019. 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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