Kraken Announces Appointment of David Shea as Chief Technology Officer
10 January 2023 - 10:00PM
Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), today announced
that David Shea, Executive Vice President (EVP) of Products, will
take on the additional role of Kraken’s Chief Technology Officer
(CTO). Mr. Shea joined Kraken more than 10 years ago at its
inception, and has been directing Kraken’s engineering, product
development, and R&D in a variety of roles, first as Kraken’s
Senior Vice President of Engineering and subsequently as EVP,
Products.
“I am excited to continue my work with Kraken in
providing technical leadership, strategy, and vision as our company
evolves into its next phase of growth,” says Mr. Shea. “Over the
past ten years, we have assembled a talented global team of
world-class engineers, scientists, technicians, and technologists
who are developing and delivering some of the most advanced subsea
imaging solutions in the world. From high-resolution seabed mapping
solutions operating in the harshest environments on earth, to
subsea energy systems that power exploration of the deepest parts
of our oceans, Kraken’s technology is tested and validated by our
customers in real-world conditions every day. I look forward to
working in close collaboration with Kraken’s new President and CEO,
Greg Reid, and the rest of our executive team as we deliver the
future of subsea mapping solutions to protect and power the
underwater domain.”
Greg Reid, President and CEO of Kraken said, “I
am happy that we are able to provide recognition for one of the
many important roles that David plays within our organization. His
expertise in ocean technology, experience in product development,
and leadership of our engineering teams provides valuable support
to Kraken in continuing our mission of developing unique subsea
intelligence solutions for clients to overcome the challenges
in our oceans - safely, efficiently, and sustainably. We are
excited for David to continue to lead the execution of Kraken’s
cutting-edge technology and product development.”
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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. It provides high-resolution 3D acoustic imaging solutions
and services to enable clients to overcome the challenges in our
oceans - safely, efficiently, and sustainably. Kraken Robotics is
headquartered in Canada and has offices in North and South America
and Europe. 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, please contact:
Stephen Griffin, Group Marketing
Managerstephen.griffin@krakenrobotics.com
Joe MacKay, Chief Financial Officer(416)
303-0605jmackay@krakenrobotics.com
Greg Reid, President & CEO(416)
818-9822greid@krakenrobotics.com
Sean Peasgood, Investor Relations(647)
955-1274sean@sophiccapital.com
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