PNG Kraken Robotics Inc

SeeByte Ltd (SeeByte) and Kraken Robotics Inc. (Kraken) have signed a Memorandum of Understanding (MOU) under which they will seek to enhance their complimentary system offerings to bring customers an integrated solution across maritime mission planning, data collection, and data analysis.

Kraken specializes in the delivery of advanced synthetic aperture sonar (SAS) for maritime platforms including uncrewed underwater vehicles of all sizes and the KATFISH™ towed SAS system.

SeeByte specializes in the development and supply of maritime software solutions including their SeeTrack Mission Management System (MMS), Neptune Autonomy System, and Automated Target Recognition (ATR).

The combined solution offers customers an integrated proven system for maritime operations that is competitive, readily available, and delivers a high-quality user experience.

Chris Haworth, CEO at SeeByte said, “This collaborative approach brings together a best-of-breed solution to satisfy the needs of our maritime and naval customers. We are excited to add Kraken to the long list of SeeByte collaborators, and look forward to seeing the capabilities of this combined solution for high-resolution seabed intelligence.”

Greg Reid, CEO at Kraken said, “Kraken provides turnkey minehunting solutions which collect high quality data and turn it into high quality seabed intelligence – our customers use this to inform high quality decisions. Our sonar systems are used worldwide for critical decision-making, providing swaths up to 400m and constant resolutions of down to 2 cm x 2 cm. Having completed several integrations and customer demos with SeeByte, Kraken is excited to integrate with SeeByte’s advanced capabilities. This provides navies worldwide with the ability to seamlessly leverage SeeByte’s mission management tools to optimally plan, analyze and review Kraken’s high-resolution synthetic aperture sonar data.”

SeeByte and Kraken will demonstrate this collaboration at the NATO Exercise REPMUS 2024 in September and will continue to collaborate to advance products and solutions.

Figure 1: Kraken KATFISH Towed Synthetic Aperture Sonar System

Figure 2: Kraken Synthetic Aperture Sonar displayed in SeeByte’s SeeTrack mission planner.

ABOUT SEEBYTESeeByte provides clients in the global maritime industry with the most advanced software solutions to enhance the capabilities of their uncrewed systems. SeeByte’s open architecture technology provides enhanced capability, autonomy, and value to maritime systems and their users. SeeByte is a subsidiary of Battelle. For more information visit www.seebyte.com

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For further information, please contact:Sarah Glasgow+44 (0) 131 447 4200sarah.glasgow@seebyte.com

ABOUT KRAKEN ROBOTICS INC.Kraken Robotics Inc. (TSX.V: PNG) (OTCQB: KRKNF) is a marine technology company providing complex subsea sensors, batteries, and robotic systems. Our high-resolution 3D acoustic imaging solutions and services enable clients to overcome the challenges in our oceans – safely, efficiently, and sustainably. Kraken Robotics is headquartered in Canada and has offices in North and South America and Europe. Kraken is ranked as a Top 100 marine technology company by Marine Technology Reporter.

LINKSwww.krakenrobotics.com

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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.

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For further information:

Erica Kierstead, Director, Global Marketingerica.kierstead@krakenrobotics.com

Joe MacKay, Chief Financial Officer(416) 303-0605jmackay@krakenrobotics.com

Greg Reid, President & CEO(416) 818-9822greid@krakenrobotics.com

Sean Peasgood, Investor Relations(647) 955-1274sean@sophiccapital.com

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