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ST. JOHN'S, NEW FUNDLAND, March 17, 2026 /GLOBE NEWSWIRE/ - Kraken Robotics Inc ("Kraken" or the "Company") (TSX-V: PNG, OTCQB: KRKNF) announces approximately $24 million in new orders from over ten customers in five countries, including three new customers in the defense sector. The orders include Kraken's SeaPower batteries, KATFISH synthetic aperture towed sonar (SAS) and Kraken SAS.
"Sales of SeaPower batteries continue to develop positively and several new customers are helping to diversify our customer base in this business area. Production of our batteries at our new facility in Nova Scotia will begin next month, significantly expanding our production capacity," said Greg Reid, President and CEO of Kraken Robotics. "We are also pleased to announce the sale of a new KATFISH to the Polish Navy for their mine hunting program and SAS to several defense customers for their autonomous underwater vehicle (AUV) platforms."
The Polish Navy first selected KATFISH in 2020 for use on its Kormoran II class minesweepers to support mine countermeasure operations in complex shallow water areas. This latest order was placed through Thesta, Kraken's partner in Poland, which was appointed as an authorized KATFISH dealer at Oceanology International last week.