Los Angeles, Calif.–(Newsfile Corp. – October 19, 2022) – Kraken Robotics Inc. (TSXV: PNG) (OTCQB: KRKNF), Canada’s Ocean Company™, announces that Kraken management will be participating in the 15th Annual LD Micro Invitational which features over 200 notable microcap companies in a variety of industries. Greg Reid, COO, and Joe MacKay, CFO, will be available for one-on-one meetings with investors on October 26 at the Luxe Sunset Boulevard Hotel in Los Angeles, California. Mr. Reid will also make a corporate presentation on Thursday, October 27 at 8:30 a.m. PT. Virtual attendees can register to watch the presentation here.
“Over the past few months, Kraken has seen continued momentum in orders for all of its product and service offerings, including a $9 million minehunting contract from a NATO Navy; $6 million of synthetic aperture sonar sensor orders; more than $3 million for underwater cables, imaging and a $1 million underwater battery order,” said Reid. “These contracts and others led us last August to reiterate our 2022 revenue guidance of $36-42 million and adjusted EBITDA of $5-7 million. Our pipeline of opportunities continues to grow, driven by demand for products and services that provide seabed intelligence to defense. and business customers around the world. We look forward to meeting with investors at the LD Micro Main Event to discuss these and other business catalysts.
Kraken Robotics Inc. Social Media
ABOUT KRAKEN ROBOTICS INC.
Kraken Robotics Inc. (TSXV: PNG) (OTCQB: KRKNF) is a marine technology company dedicated to the production and sale of software-centric sensors, underwater batteries and underwater robotic systems. The company is headquartered in Newfoundland with offices in Canada, the United States, Germany, Denmark and Brazil. In July 2021, Kraken acquired PanGeo Subsea, a leading service company specializing in high-resolution 3D acoustic imaging solutions for the seabed. PanGeo with offices in Canada, USA and UK is now a wholly owned subsidiary of Kraken. Kraken is ranked among the top 100 marine technology companies by Marine Technology Reporter.
Certain information contained in this press release constitutes forward-looking statements. When used in this press release, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, ” seeks”, “proposes”, “estimate”, “expect” and similar expressions, insofar as they relate to the Company, are intended to identify forward-looking statements. In particular, this press release contains forward-looking statements regarding, among other things, business objectives, expected growth, results of operations, performance, business plans and opportunities, and financial results.These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect the Company’s current views with respect to future events based on certain important factors and assumptions and are subject to certain risks and uncertainties, including, without limitation, market changes, competition, governmental or regulatory developments, general economic conditions and other factors in the Company’s public disclosure documents. Many factors could cause the actual results, performance or achievements of the Company to differ from those described in this press release, including, without limitation, those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may differ materially from those described in this press release and from such forward-looking statements included or incorporated by reference in this news. release, should not be unduly invoked. These statements speak only as of the date of this press release. The Company does not intend and undertakes no obligation to update these forward-looking statements. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
For more information, please contact:
Joe MacKay, Chief Financial Officer
Greg Reid, Chief Operating Officer
Sean Peasgood, Investor Relations
About LD Micro
LD Micro aims to be the most crucial resource in the world of micro caps. Whether it’s the index, comprehensive data, or organizing the most important events on an annual basis, LD’s sole mission is to serve as an invaluable asset to anyone wishing to find the next generation large companies.
Neither TSX Venture Exchange Inc. nor its Regulation Services Providers (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release, and the OTCQB has neither approved nor disapproved of the contents of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/140967