ST. JOHN’S, NEWFOUNDLAND – 05 MARCH 2018 /GLOBE NEWSWIRE/ – Kraken Robotics Inc. (TSX-V: PNG) (OTCQB: KRKNF) (“Kraken” or the “Company”), is pleased to announce that they will be exhibiting at Oceanology International 2018 in London, England, March 13-15. Visitors to Stand E400 can learn about Kraken’s latest advances in underwater sensors, robotics, power and propulsion solutions.

Kraken’s sales, marketing and engineering staff will be available to discuss the unique competitive advantages of Kraken’s product portfolio, including:

  • AQUAPIX® – the leading Synthetic Aperture Sonar (SAS) system on the market;
  • SEAVISION® – the world’s first RGB 3D underwater laser imaging system;
  • KATFISH™ – intelligent towed SAS for high speed seabed mapping;
  • TENTACLE™ – autonomous launch and recovery system for underwater vehicles;
  • THUNDERFISH® – 6,000M rated autonomous underwater vehicle;
  • SEAPOWER™ – gel encapsulated deep sea batteries;
  • SEATHRUSTER™ – deep sea rated rim drive thrusters for unmanned underwater vehicles.

Kraken will also be demonstrating the latest version of SASVIEW™ seabed imaging and 3D mapping software and INSIGHT™ real time SAS signal processing workflow solution. Kraken is showcasing several of its products in the current edition of Marine Technology Reporter magazine: https://magazines.marinelink.com/nwm/MarineTechnology/201803/#page/4

Management Comments
Karl Kenny, Kraken’s President and CEO said, “As evidenced by the recent Ocean Supercluster initiative announced by the Government of Canada, Kraken is a true believer in the power of innovation within the ocean economy. We are delighted to participate in Oceanology 2018, the world’s largest marine technology exhibition, and look forward to meeting our industry, academia and government colleagues to share knowledge and connect within the marine technology community.”

About Oceanology International
First established in 1969, Oceanology International in London features the world’s largest exhibition for marine science and technology. The 2018 Oceanology International forum is expected to bring together 500 exhibitors and over 8,000 attendees. For more information, please visit: https://www.oceanologyinternational.com/

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