ST. JOHN’S, NEWFOUNDLAND – AUGUST 19, 2013 — Kraken Sonar Systems Inc. a leading marine technology company, announced today that it has been named to the 2013 Marine Technology Reporter (MTR) Top 100 list.  Kraken was one of thirteen Canadian companies listed and the only firm selected from Newfoundland and Labrador.

Marine Technology Reporter is the world’s largest audited circulation magazine to cover the marine technology market. Each year the magazine evaluates and ranks marine technology companies worldwide to create the MTR 100 list. In the July/August 2013 issue of Marine Technology Reporter, Kraken and the other MTR 100 firms are profiled as the leading companies serving today’s global marine technology industry. 

“We’re honoured to be named to the MTR 100,” said Karl Kenny, President and CEO of Kraken. “We have an outstanding team of hard-working people who are totally committed to delivering innovative sonar solutions to our world-wide customers. We extend our congratulations to the other companies named to the 2013 MTR 100 and express sincere appreciation to the editors and staff of Marine Technology Reporter for this recognition.”


To view the 2013 MTR 100 issue online CLICK HERE.

About Kraken Sonar Systems Inc.: Kraken is a marine technology company engaged in the design and development of high performance Synthetic Aperture Sonars and Acoustic Velocity Sensors for military and commercial applications. For more information, please visit www.krakensonar.com

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FOR FURTHER INFORMATION PLEASE CONTACT:

Kraken Sonar Systems Inc.; Glenda Leyte, Marketing Manager; (709) 757-5757 extension 242; gleyte@krakensonar.com