ST.JOHN’S, NEWFOUNDLAND – 12 May 2022 /GLOBE NEWSWIRE/ – Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), Canada’s Ocean Company™, is pleased to announce that its management team will present at Houlihan Lokey’s 16thAnnual Global Industrials Conference on May 17th in New York City followed by one-on-one meetings.
Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, the Middle East, and the Asia-Pacific region. Independent advice and intellectual rigor are hallmarks of the firm’s commitment to client success across its advisory services. Houlihan Lokey is the number one investment bank for all global M&A transactions, the number one M&A advisor for the past seven consecutive years in the U.S., the number one global restructuring advisor for the past eight consecutive years, and the number one global M&A fairness opinion advisor over the past 20 years, all based on number of transactions and according to data provided by Refinitiv.
ABOUT KRAKEN ROBOTICS INC.
Kraken Robotics is a marine technology company providing advanced sonar and laser systems and subsea power solutions for Unmanned Underwater Vehicles for military and commercial applications. We are recognized as world-leading innovators of Synthetic Aperture Sonar (SAS) – a revolutionary underwater imaging technology providing ultra-high-resolution imagery at superior coverage rates which dramatically improves seabed surveys.
Kraken’s series of SAS products, AquaPix®, offers comparable performance to existing high-end military systems at a fraction of the cost. This allows Kraken to deliver the highest quality at the lowest cost per pixel on the market.
With the 2021 acquisition of PanGeo Subsea, Kraken now provides subsea Robotics as a Service (RaaS) capabilities including geophysical surveys, sonar surveys, and 3D laser inspections. Kraken’s highly skilled team manages the project’s planning, subsea surveys, and delivers a complete data package to the customer.
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
Greg Reid, Chief Operating Officer
Sean Peasgood, Investor Relations