SOURCE: Kraken Sonar Systems Inc.

Kraken Sonar Systems Inc.

June 02, 2015 08:30 ET

Kraken Reports Q1 2015 Financial Results

ST. JOHN'S, NL--(Marketwired - June 02, 2015) - Kraken Sonar Inc. (TSX VENTURE: PNG) announced today it has filed its financial results for the first quarter ended March 31, 2015. Additional information concerning the Company, including its unaudited condensed consolidated interim financial statements and related management's discussion and analysis ("MD&A") for the quarter ended March 31, 2015, can be found at www.sedar.com.

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. Marine Technology Reporter has twice named Kraken to their MTR100 -- a list of the 100 most influential companies in the international marine technology marketplace. 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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