Kraken to present at the Houlihan Lokey Global Industrial Conference in New York

Kraken Robotics Inc.

ST. JOHN’S, Newfoundland, May 12, 2022 (GLOBE NEWSWIRE) — Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), Canada’s Ocean Company™, is pleased to announce that its management will present at 16 Houlihan Lokeyand Annual Global Industrial Conference May 17and in New York followed by individual meetings.

Houlihan Lokey (NYSE: HLI) ​​is a global investment bank specializing in mergers and acquisitions, capital markets, financial restructuring and valuation. The company serves businesses, institutions and governments around the world with offices in the United States, Europe, the Middle East and the Asia-Pacific region. Independent advice and intellectual rigor are hallmarks of the firm’s commitment to client success in all of its advisory services. Houlihan Lokey is the No. 1 investment bank for all global M&A transactions, No. 1 M&A adviser for the past seven consecutive years in the United States, No. 1 global restructuring adviser for the past eight years and the No. 1 global M&A fairness opinion advisor over the past 20 years, all based on number of deals and according to data provided by Refinitiv.



Kraken Robotics Inc. (TSX.V:PNG) (OTCQB:KRKNF) is a marine technology company dedicated to the production and sale of soft sensors, underwater batteries and thrusters 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.

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.

For more information, please contact:

Joe MacKay, Chief Financial Officer
(416) 303-0605
[email protected]

Greg Reid, Chief Operating Officer
(416) 818-9822
[email protected]

Sean Peasgood, Investor Relations
(647) 955-1274
[email protected]

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