Year to date Revenue increased 52% Year-over-Year to $63 Million, Adjusted EBITDA increased 64% to $14 Million

Not for distribution to United States newswire services or dissemination in the United States.

Final Short Form Prospectus Accessible on SEDAR+

ST. JOHN'S, Newfoundland and Labrador, Sept. 03, 2024 (GLOBE NEWSWIRE) -- SeeByte Ltd (SeeByte) and Kraken Robotics Inc. (Kraken) have signed a Memorandum of Understanding (MOU) under which they will seek to enhance their complimentary system offerings to bring customers an integrated solution across maritime mission planning, data collection, and data analysis.

Revenue increased 67% Year-over-Year to $22.8 Million, Adjusted EBITDA increased 79% to $5.4 Million

ST. JOHN’S, Newfoundland and Labrador, June 27, 2024 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF) announces that its 2024 Annual and Special Meeting of Shareholders (the “Meeting”) was held virtually on Monday, June 24, 2024, at 1 pm EST. Shareholders voted in favour of all items put forward by the Board of Directors and Management. A total of 78,043,612 common shares were voted, representing 37.57% of total shares issued and outstanding as at the record date of the meeting.

ST. JOHN'S, Newfoundland and Labrador, June 20, 2024 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. ("Kraken" or the "Company") (TSX-V: PNG, OTCQB: KRKNF) announces that it has received repeat orders totalling $2.2 million for subsea batteries from existing Naval clients reaffirming their trust in our cutting-edge SeaPower^TM batteries. Rated for depths up to 6,000 meters, Kraken’s innovative subsea batteries provide up to twice the energy density and weigh 46% less per kWh than traditional pressure-housed batteries, making them the ideal choice for challenging underwater missions.

Revenue increased 175% to $21 million, Adjusted EBITDA increased 354% to $4 million

Final Short Form Prospectus Accessible on SEDAR+