Kraken's AquaPix(R) to Be Deployed in Mine Warfare Exercise

ST. JOHN'S, NL--(Marketwired - June 06, 2017) - Kraken Sonar Inc. (TSX VENTURE: PNG) announced today that its wholly-owned subsidiary, Kraken Sonar Systems Inc. will be supporting its AquaPix® sonar system on three different unmanned maritime platforms during an upcoming mine warfare exercise to be conducted by the Belgium and Netherland navies.

Belgium is joining the Netherlands in a naval acquisition that will see both countries replace their Tripartite-class minehunting ships. The Tripartite minehunters were conceived in the 1970s and built in the 1980s and are currently in use by the navies of Belgium, the Netherlands and France; as well as Pakistan, Indonesia, Latvia, and Bulgaria. Under the new acquisition, Belgium and the Netherlands will get six new mine warfare ships. In addition to the new minehunters, both navies plan to renew their mine countermeasures capability with unmanned systems, enabling better operational performance and increasing personnel safety.

In mid June 2017, the Directorate General of Material Resources (DGMR) of the Belgian Defence will organize mine countermeasures trials with a variety of unmanned systems operating off the Belgian coast. The trials will be conducted by different types of unmanned underwater and surface vehicles and will be presented by leading defence contractors from several different countries. Kraken engineers will be supporting the deployment its AquaPix® Synthetic Aperture Sonar on unmanned systems from three different defence contractors. Information on the exercise can be found at: http://www.mil.be/sites/mil.be/files/files_library/livre_complet.pdf

Karl Kenny, Kraken President & CEO said, "We are pleased to provide support for our AquaPix® sonar on unmanned platforms from three different customers for this exercise. During the trials, our engineers will be at sea supporting both our AquaPix® INSAS and AquaPix® MINSAS systems. The Belgian and Netherlands' navies project to replace their MCM capabilities creates a significant opportunity for Kraken's sensors and underwater robotic systems. This project provides guidelines for future mine countermeasures capability and opens the possibility for other countries to join the Belgian-Netherlands initiative."

ABOUT KRAKEN

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. The company is headquartered in St. John's, Newfoundland with offices in Dartmouth, Nova Scotia; Bremen, Germany; and Fairfax, Virginia. For more information, please visit www.krakensonar.com, www.krakenrobotik.de, www.krakenpower.de.

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