Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), announces that its
AquaPix® Miniature Synthetic Aperture Sonar (MINSAS) System has
been selected as the standard payload offering on HII’s new REMUS
620 Medium Class UUV. Synthetic Aperture Sonar is
quickly becoming the tool of choice for mine countermeasure (MCM)
operations due to its significantly increased resolution and
higher area coverage rates compared to legacy Side Scan
Sonar.
Higher resolution imagery directly correlates to
the reduction of false positives by both human operators and
Automatic Target Recognition (ATR) software, which through advanced
capabilities provided by the collaboration of the REMUS 620
and MINSAS Synthetic Aperture Sonar reduces the number of
contacts required to be verified. The result is the potential for a
significantly reduced MCM timeline.
Kraken’s SAS products have been integrated to
HII Unmanned Systems range of small, medium and large AUVs,
offering many opportunities to increase the Mine Hunting and MCM
Capabilities of many NATO nations.
Figure 1: HII REMUS 620 with Kraken
MINSAS 60 Payload
The unique system design of the MINSAS makes it
an ideal match for the REMUS 620's modular payload and battery
architecture as it can provide both 60 cm and 120 cm array
offerings based on the customer's requirements, making room for
additional sensor or battery payloads as needed. Kraken's MINSAS
provides out-of-the-box high-resolution, real-time onboard
beamforming which supports embedded ATR, enabling smart autonomy
features such as dynamic mission re-tasking based on contacts
identified.
Figure 2: Kraken MOSAIC taken from HII
REMUS with MINSAS 60 (Red arrow indicates location of Fig.
3)
Figure 3: Image of 7-meter Dory and
Anchor Scar taken from HII REMUS with MINSAS 60
About AquaPix® MINSASKraken’s AquaPix® is an
off the shelf, configurable SAS that replaces high end sidescan
systems at an affordable price, while delivering higher resolution,
range, and area coverage rates (ACR). The increased range,
resolution, and therefore higher useable ACR of SAS over
traditional Side Scan Sonar systems significantly expand the
capabilities of naval, scientific, and commercial applications.
Kraken’s AquaPix is capable of 2 cm x 2 cm Ultra High-Definition
SAS imaging at long ranges. AquaPix is uniquely positioned within
the industry to bring this capability to the increasingly popular
small, man-portable vehicle class. AquaPix is modular and has been
integrated and deployed on over 20 different underwater vehicle
platforms from shallow water to full ocean depth. Kraken’s SAS is
modular and versatile, demonstrated by being one of only two
companies in the world that has sold and integrated SAS into small,
man portable vehicles, towed systems, and deep-water vehicles. This
ability to cross several platforms enables military customers to
streamline their Post Mission Analysis by having the same sonar
resolution and ATR performance across their entire fleet of
vehicles and mission requirements.
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ABOUT KRAKEN ROBOTICS
INC.Kraken Robotics Inc. (TSX.V:PNG) (OTCQB: KRKNF) is a
marine technology company dedicated to the production and sale of
software-centric sensors, subsea batteries, and underwater robotic
systems. The company has offices in North America and Europe. In
July 2021, Kraken acquired PanGeo Subsea, a leading services
company specializing in high-resolution 3D acoustic imaging
solutions for the sub-seabed used to mitigate risk in offshore
installations. PanGeo with offices in Canada, the United States and
the United Kingdom is now a wholly owned subsidiary of Kraken.
Kraken is ranked as a Top 100 marine technology company by Marine
Technology Reporter.
Certain information in this news release
constitutes forward-looking statements. When used in this news
release, the words "may", "would", "could", "will", "intend",
"plan", "anticipate", "believe", "seek", "propose", "estimate",
"expect", and similar expressions, as they relate to the Company,
are intended to identify forward-looking statements. In particular,
this news release contains forward-looking statements with respect
to, among other things, business objectives, expected growth,
results of operations, performance, business projects and
opportunities and financial results. These statements involve known
and unknown risks, uncertainties and other factors that may cause
actual results or events to differ materially from those
anticipated in such forward-looking statements. Such statements
reflect the Company's current views with respect to future events
based on certain material factors and assumptions and are subject
to certain risks and uncertainties, including without limitation,
changes in market, competition, governmental or regulatory
developments, general economic conditions and other factors set out
in the Company's public disclosure documents. Many factors could
cause the Company's actual results, performance or achievements to
vary from those described in this news release, including without
limitation those listed above. These factors should not be
construed as exhaustive. Should one or more of these risks or
uncertainties materialize, or should assumptions underlying
forward-looking statements prove incorrect, actual results may vary
materially from those described in this news release and such
forward-looking statements included in, or incorporated by
reference in this news release, should not be unduly relied upon.
Such statements speak only as of the date of this news release. The
Company does not intend, and does not assume any obligation, to
update these forward-looking statements. The forward-looking
statements contained in this news release are expressly qualified
by this cautionary statement.
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, and the OTCQB has neither
approved nor disapproved the contents of this press release.
For further information:Jack North, Marketing
Specialistjnorth@krakenrobotics.com
Joe MacKay, Chief Financial Officer(416)
303-0605jmackay@krakenrobotics.com
Greg Reid, Chief Operating Officer(416)
818-9822greid@krakenrobotics.com
Sean Peasgood, Investor Relations(647)
955-1274sean@sophiccapital.com
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/38a54a9f-c855-42bc-ac4d-4b548651ec11
https://www.globenewswire.com/NewsRoom/AttachmentNg/3d55cd7e-d0f7-402f-bb4b-be9d1eb64f2c
https://www.globenewswire.com/NewsRoom/AttachmentNg/9c157bdc-2c86-492b-9d26-728a0cea0fe8
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