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 Conference Lets Kraken's German Subsidiary Expand Customer Relationships

ST. JOHN'S, NL--(Marketwired - December 15, 2016) - Kraken Sonar Inc. (TSX VENTURE: PNG) is pleased to announce that President and CEO, Karl Kenny, has been invited to speak at the MAROS (Maritime Robotik und Sensorik) Conference being held in Potsdam, Germany on January 12-13, 2017.

"With the establishment of our new German subsidiary, Kraken Robotik GmbH, based in Bremen, we look forward to working with our customers and partners in the region," said Karl Kenny, Kraken's President & CEO. "I am pleased to speak at this conference organized by Fraunhofer IOSB, a current Kraken customer. There are strategic synergies between our organizations and we look forward to making further announcements with them in the underwater robotics sector."

Germany's maritime economy is a high-tech sector that employs around 400,000 employees with an annual turnover of more than EUR54 billion -- and is one of Germany's most important industry sectors. Maritime technologies have an important and strategic role to guarantee Germany's supply of energy, natural resources and food.

ABOUT THE MAROS CONFERENCE

The MAROS conference has been held on a biannual basis since 2011. MAROS is supported by the German Federal Ministry for Economics and Technology as well as the Gesellschaft für Maritime Technik. It is organized by Fraunhofer IOSB and other research organizations.

MAROS 2017 will continue the work started at MAROS 2015 where several workshops led to a roadmap addressing the following issues in the field of maritime robotics and sensors:

  • Sensors and Sensor Data Analysis / Management
  • Navigation / Communication / Control Systems
  • Energy Supply / Propulsion Systems / Pressure Neutral Technology
  • Robotic Manipulation

There is an ongoing process to compile key aspects for the research program "2018 - 2022 Maritime Technologies". Maritime robotics and sensors as cross-sectional technologies -- especially autonomous systems -- will be important for all work groups. The presentation of these results at the MAROS 2017 conference will be the starting point to enable small and medium-sized enterprises (SME) to gain access to the international market.

ABOUT KRAKEN SONAR INC.

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. 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.

 
CONTACT INFORMATION
  • For further information, please contact:

    Sean Peasgood
    Investor Relations
    (416) 565-2805
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    Greg Reid
    Chief Financial Officer
    (416) 818-9822
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    Glenda Leyte
    Marketing Manager
    (709) 757-5757 extension 288
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