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ST. JOHN’S, NEWFOUNDLAND - 18 May 2017   Kraken Sonar Inc. (TSX-V: PNG) is pleased to announce that Mr. Neil Riggs has joined the company as Senior Project Manager.

Neil graduated from Memorial University of Newfoundland with a BSc degree, major in physics and a BEng (Mechanical).  He has over 40 years of experience in research and development, product development, project and program management and operations in ocean technology companies.  He most recently spent 5 years with the Autonomous Ocean Systems Laboratory (AOSL) of Memorial University where he was the project manager of a $5.7 million underwater robotics program.

Neil is a member of the Professional Engineers and Geoscientists – Newfoundland and Labrador (PEG-NL), a former member of the executive of the NL Section of IEEE and one of the two founders of the Oceanic Engineering Society (OES) Chapter in Newfoundland

"We are thrilled to have Neil join the Kraken team," said Karl Kenny, President and Chief Executive Officer of Kraken. "He brings a wealth of experience and knowledge to the company. Neil has dedicated his career to the development of innovation solutions for ocean technology. His insight into the AUV market as well as his industry contacts will be invaluable.”

Neil will manage Kraken’s ThunderFish® Autonomous Underwater Vehicle (AUV) program. ThunderFish® will combine smart sonar, laser and optical sensors, advanced pressure tolerant battery and thruster technologies and cutting edge artificial intelligence algorithms integrated onboard a cost effective 6,000 metre depth rated AUV.

ABOUT KRAKEN SONAR INC.

Kraken Sonar Inc. (TSX.V:PNG) is a marine technology company, founded in 2012, that is dedicated to the production and sale of software-centric sensors and underwater robotic systems. For more information, please visit www.krakensonar.com,www.krakenrobotik.de, www.krakenpower.de.

For further information, please contact:

Sean Peasgood, Investor Relations
(416) 565-2805
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Stephen Harpur, Investor Relations
604-306-6142
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Greg Reid, Chief Financial Officer
(416) 818-9822
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Glenda Leyte, Marketing Manager
(709) 757-5757 extension 288
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