SOURCE: Kraken Sonar Inc.

Kraken Sonar Inc.

December 01, 2016 06:30 ET

Kraken Hires Director of Business Development

ST. JOHN'S, NL--(Marketwired - December 01, 2016) - Kraken Sonar Inc. (TSX VENTURE: PNG) is pleased to announce that Mr. Jeff Bartkowski will join the Company as Director of Business Development, effective December 5, 2016.

Jeff has been employed in the marine technology for over 12 years in subsea positioning, inertial navigation systems and high resolution sonar products. He has significant sales and business development experience with both commercial and defense customers and has worked at both larger marine technology companies such as Teledyne-Reson and iXBlue and start-ups such as Sea Machine Robotics. He is a graduate of New York's Rensselaer Polytechnic Institute.

Karl Kenny, President and Chief Executive Officer of Kraken, said, "We're delighted to have Jeff join Kraken. His relationships with companies and agencies active in underwater robotics will be very beneficial as we further develop our Sensors-to-Systems strategy. He brings a strong ability to understand and sell technical products and is experienced in new product releases and emerging markets. Over the past 18 months, Kraken's hires have been predominantly engineering and technical related. With the addition of Jeff, we add increased sales and business development capabilities and an ability to quickly respond to the increasing volume of opportunities that Kraken is pursuing."

"The maritime robotics sector is becoming a multi-billion market. Leveraging its position as a leading supplier to the unmanned underwater vehicle industry is creating new opportunities for Kraken," said Jeff Bartkowski. "Kraken has built and acquired a significant portfolio of underwater robotics intellectual property. This technology, coupled with strong capabilities in smart sensors, underwater autonomy, electronics and mechatronics, uniquely positions Kraken to become a major player in the rapidly emerging maritime robotics industry."

Kraken also announces that it has issued 300,000 options to a new member of the Company's Board of Directors. These options have an exercise price of $0.15 and have a three-year term.

ABOUT KRAKEN SONAR INC.

Kraken Sonar Inc. (TSX VENTURE: PNG) is a marine technology company, founded in 2012, that is dedicated to the production and sale of software-centric sensors and underwater robotic systems. For more information, please visit www.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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