Kraken Sonar Delivers Deep-Sea Sonar System to Fraunhofer Institute

ST. JOHN’S, NL–(Marketwired – March 25, 2015) – Kraken Sonar Inc. (TSX VENTURE: PNG) announced today that its wholly-owned subsidiary, Kraken Sonar Systems Inc., has delivered a deep-sea rated Interferometric Synthetic Aperture Sonar (INSAS) system to Germany’s Fraunhofer Institute for Optronics, System Technology and Image Exploitation (IOSB).

Fraunhofer is the leading organization for applied research in Europe. Under the terms of the contract, Kraken has successfully designed, engineered and delivered a 6,000m depth rated AquaPix® MINSAS sonar system that will be integrated into Fraunhofer IOSB’s DeDAvE program.

The AUV DeDAvE has been under development from 2013-2015 to create a versatile and compact vehicle that is easier to handle than existing systems while providing more space for payloads and fast turn-around times. DeDAvE is able to operate in ocean depths of 6,000 meters. DeDAvE is equipped with state-of-the-art sensor systems, easily exchangeable battery and data storage modules and a distributed control infrastructure. This allows the AUV to adapt to very different mission tasks, to integrate additional actuators (like bow dive planes or thrusters) and to add more battery capacity (into the payload area).

The modular design of the DeDAvE AUV creates a family of AUVs for different diving depths, mission durations and payload requirements. The DeDAvE AUV consists of a number of individual sections that hold the different vehicle components. The bow section contains the obstacle avoidance sensors, one emergency weight drop system and the (optional) diving plane. By default, two energy sections with eight battery modules are located near bow and stern. The control and navigation section houses the control computer, the inertial navigation system, an acoustic modem with USBL function, the emergency and communication unit (with backup battery) and a sound velocity sensor. The AUV can handle Payload interfaces like Ethernet, serial port or CAN bus.

“Maritime technologies will play a crucial economic and scientific role in the future. Fraunhofer and Kraken share the same ideals of using the latest technologies to enhance deep-sea exploration and inspection operations,” said Karl Kenny, Kraken’s President and CEO. “We’re delighted that Fraunhofer recognizes the value that our high resolution Synthetic Aperture Sonar will add to this project. Advanced technologies for exploration and inspection with Autonomous Underwater Vehicles are key contributors to the future use of deep sea resources.”

ABOUT KRAKEN SONAR INC.

Kraken Sonar Inc. (TSX VENTURE: PNG) is an industrial technology company, founded in 2012, that is dedicated to the production and sale of software-centric Synthetic Aperture Sonar (SAS) technology. The Company’s products have been sold to leading defence contractors, commercial companies and research institutions for producing real-time, ultra high resolution imagery and bathymetry of the seabed. Marine Technology Reporter has twice named Kraken to their MTR100 — a list of the 100 most influential companies in the international marine technology marketplace. For more information, please visitwww.krakensonar.com.

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.

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