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  • Kraken Awarded $1.6 Million for AquaPix® Synthetic Aperture Sonar Systems
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Kraken Awarded $1.6 Million for AquaPix® Synthetic Aperture Sonar Systems

By Sylvia 3 years ago

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ST. JOHN’S, Newfoundland, Might 30, 2022 (World NEWSWIRE) — Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), Canada’s Ocean Corporation, is delighted to announce new contracts valued at additional than $1.6 million for its AquaPix® Synthetic Aperture Sonar (SAS). Deliveries will come about in 2022. Due to confidentiality good reasons the customers are unable to be named.

Kraken’s AquaPix® is an off the shelf, configurable SAS that replaces high finish sidescan systems at an economical rate, even though providing better resolution, selection, and location coverage fees (ACR). The elevated assortment, resolution and affiliated better ACR of SAS above regular Side Scan Sonar systems significantly increase the capabilities of naval, scientific, and commercial apps. Kraken’s AquaPix® is able of 2 cm x 2 cm Extremely Significant-Definition SAS imaging at prolonged ranges. AquaPix® is uniquely positioned within just the industry to convey this functionality to the progressively popular modest, man-transportable car or truck course. AquaPix® is modular and has been integrated and deployed on around 20 diverse underwater auto platforms from shallow water to total ocean depth.

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Certain information in this news release constitutes ahead-looking statements. When utilized in this news launch, the words and phrases “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “seek”, “propose”, “estimate”, “expect”, and related expressions, as they relate to the Corporation, are intended to identify forward-on the lookout statements. In distinct, this information launch consists of forward-looking statements with respect to, amid other issues, organization goals, anticipated progress, outcomes of functions, efficiency, organization projects and options and fiscal results. These statements involve identified and mysterious dangers, uncertainties and other components that may possibly induce real final results or situations to differ materially from people anticipated in this sort of forward-looking statements. These kinds of statements mirror the Company’s present-day sights with regard to long run activities based on specific materials things and assumptions and are subject matter to selected threats and uncertainties, including without having limitation, improvements in sector, level of competition, governmental or regulatory developments, general economic circumstances and other factors set out in the Company’s public disclosure files. Lots of components could bring about the Company’s actual effects, general performance or achievements to fluctuate from all those described in this news release, together with devoid of limitation individuals outlined previously mentioned. These elements should not be construed as exhaustive. Need to 1 or a lot more of these risks or uncertainties materialize, or need to assumptions underlying ahead-on the lookout statements demonstrate incorrect, genuine success could change materially from those explained in this information release and this kind of ahead-wanting statements included in, or incorporated by reference in this news launch, must not be unduly relied on. Such statements converse only as of the date of this news release. The Enterprise does not intend, and does not presume any obligation, to update these forward-seeking statements. The forward-seeking statements contained in this information launch are expressly competent by this cautionary statement.

Neither the TSX Undertaking Exchange Inc. nor its Regulation Companies Provide (as that expression is outlined in the guidelines of the TSX Enterprise Exchange) accepts obligation for the adequacy or accuracy of this release, and the OTCQB has neither authorised nor disapproved the contents of this push release.

For further more facts, make sure you get hold of:

Joe MacKay, Chief Monetary Officer
(416) 303-0605
[email protected]

Greg Reid, Main Functioning Officer
(416) 818-9822
[email protected]

Sean Peasgood, Trader Relations
(647) 955-1274
[email protected] 

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