Kraken Wins Award for SeaVision® 3D Underwater Laser Imaging System

BREMEN, GERMANY–(Marketwired – January 30, 2018) – Kraken Robotics Inc. (TSX VENTURE: PNG) (OTCQB: KRKNF), is pleased to announce that its German subsidiary, Kraken Robotik GmbH was named a winner in the Carbon Trust’s Offshore Wind Accelerator (OWA) competition. The OWA is a collaborative R&D program funded by nine leading offshore wind developers and the Scottish Government to reduce the cost of offshore wind energy. Kraken Robotik was one of only four companies selected in the competition.

Kraken will receive hands-on mentoring and advice from the nine OWA industry partners, which collectively represent over 75 per cent of the European offshore wind market, as well as a potential opportunity to demonstrate its SeaVision® 3D Underwater Laser Imaging System on installed foundations at a fully operational wind farm in Europe. The aim of the competition is to help advanced technologies access the large emerging market and become part of the normal subsea inspection strategy for offshore wind developers.

Michael Stephenson, Project Manager of the Foundations Working Area in the Offshore Wind Accelerator commented, “Kraken’s winning technology is an exciting advancement in subsea inspection. Their previous experience in the oil and gas sector shows how transferrable many of the products and skills are to the offshore wind sector, and how it can continue to contribute to the falling costs of offshore wind.”

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