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Kraken and ThayerMahan Successfully Showcase SeaScout® during U.S. Navy Exercise

SeaScout® demonstrated an impressive price/performance advantage during the U.S. Navy’s Advanced Naval Technology Exercise 2018

ST. JOHN'S, Newfoundland and GROTON, Conn., Sept. 25, 2018 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (TSX-V: PNG) (OTCQB: KRKNF) (“Kraken” or the “Company”), is pleased to announce that its wholly owned subsidiary, Kraken Robotic Systems Inc., in cooperation with ThayerMahan Inc., successfully demonstrated its SeaScout® Expeditionary Seabed Mapping and Intelligence System during the U.S. Navy's Advanced Naval Technology Exercise (ANTX) held last month in Newport, Rhode Island. This was the first at-sea test and evaluation carried out since both companies signed a strategic alliance agreement in February 2018.

U.S. Navy Vice Admiral Michael Connor (retired), ThayerMahan's President and CEO, said, “It's our fundamental mission to integrate and deploy the latest sensors, robotics and machine learning technology as affordable and innovative solutions to the United States and allied navies. I'm very pleased that during ANTX ThayerMahan and Kraken demonstrated superior resolution and range relative to competing systems costing many times more; live streaming of target detection results to remote maritime operations centers at sea and ashore; excellent area coverage rates, real-time performance and ease of operation for the sailor. There is no doubt in my mind that SeaScout offers a compelling price and performance advantage to competitive systems.”

“ANTX 2018 was a great example of how our strategic alliance with ThayerMahan enables us to increase exposure and awareness within the U.S. Navy and expand our products into potential new revenue opportunities,” said Karl Kenny, Kraken's President and CEO. “Employment of manned/unmanned teams and technologies will transform modern naval warfare, by leveraging sensor and robotics technologies to provide significant force multiplier advantages for the warfighter.”

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