SOURCE: Kraken Sonar Systems Inc.

Kraken Sonar Systems Inc.

August 13, 2015 07:00 ET

Kraken Named to Marine Technology Top 100

ST. JOHN'S, NL--(Marketwired - August 13, 2015) - Kraken Sonar Inc. (TSX VENTURE: PNG) announced that its wholly-owned subsidiary, Kraken Sonar Systems Inc. has again been named by Marine Technology Reporter to the MTR 100 -- a list of the 100 most influential companies in the international marine technology marketplace.

This is the third year in a row that Kraken has been selected for the list. Kraken was one of 12 Canadian companies named and the only company selected from Newfoundland.

Marine Technology Reporter is the world's largest audited circulation magazine to cover the marine technology market. Each year the magazine evaluates and ranks marine technology companies worldwide to create the MTR 100 list. In the July/August 2015 issue, Kraken and other companies are profiled as the leading companies serving today's global marine technology industry. The issue is now available online at:
http://www.marinetechnologynews.com/magazine

Karl Kenny, President and CEO of Kraken said, "We're thrilled about receiving this award and want to share it with our investors, our customers, and all our supporters. This award is a testament to the hard work of everyone at Kraken, and we intend to continue in a leadership role of helping to advance our industry. We extend our sincere appreciation to the editors and staff at Marine Technology Reporter for this wonderful recognition."

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 survey companies and research institutions for producing real-time, ultra high resolution imagery and bathymetry of the seabed. 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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