Mr. Greg Reid reports

KRAKEN ROBOTICS COMPLETES ACQUISITION OF 3D AT DEPTH

Through a subsidiary, Kraken Robotics Inc. has completed the acquisition of 3D at Depth Inc. on the terms previously disclosed in the company's press release dated March 13, 2025. 3D at Depth is a subsea services company specializing in high-resolution lidar imaging and measurements.

3D at Depth is now a wholly owned subsidiary of Kraken. As it transitions to the Kraken brand, it will continue to operate as a trusted partner in subsea lidar imaging, complementing Kraken's suite of synthetic aperture sonar and subbottom imaging technologies.

"We are pleased to welcome 3D at Depth to the Kraken Robotics team and look forward to offering our comprehensive subsea intelligence solutions to our clients," said Greg Reid, president and chief executive officer of Kraken. "Our combined solutions are complementary, enabling us to provide best-in-class technologies to our global customer base across the commercial, defence and marine research sectors."

Kraken offers a suite of advanced marine technology products and services to enable clients worldwide to complete complex subsea missions, providing higher-resolution data and enhanced endurance solutions.

Products include:

• Kraken synthetic aperture sonar (SAS):
  • Kraken SAS is a technology evolution, integrating the capability to perform imaging and bathymetric mapping simultaneously while delivering significantly higher resolution, range and the industry's best area coverage rates (ACRs). Ranging from mine countermeasures and port and harbour security to infrastructure integrity surveys and broad area habitat mapping campaigns, Kraken SAS provides higher-grade subsea information that reduces the cost and time required to make critical decisions.
• Katfish:
  • Kraken's Katfish is an actively stabilized synthetic aperture sonar (SAS) towfish system that delivers ultrahigh-resolution data of up to two centimetres by two centimetres. The Katfish towbody leverages articulated tailfins and an intelligent autopilot to compensate for motion, enabling high-quality data collection and large area coverage rates.
• SeaPower:
  • Kraken's SeaPower pressure-neutral battery system delivers twice the energy density at 46 per cent less weight in water per kilowatt-hour compared with traditional oil-compensated batteries. Its exceptional energy-to-volume and weight ratios enable extended, deeper and more complex underwater operations with reduced recharging needs.

Services include:

• Lidar survey:
  • Underwater lidar surveys result in comprehensive, accurate data to enable informed decision making on underwater assets and infrastructure in a cost-effective, low-risk manner. Applications include measurement, inspection, diagnostics and asset monitoring for offshore oil and gas, nuclear, hydroelectric industries, defence and security, and marine science and research.
• SAS survey:
  • Kraken's Katfish towed synthetic aperture sonar surveys can provide significant augmentation to existing offshore energy and defence survey operations, acquiring higher-quality, wider swaths of data at faster speeds than towed side-scan sonar.
• Subbottom imaging:
  • Kraken's subbottom imaging services allow you to see beneath the seabed using advanced acoustic technology. The company's subbottom imager (SBI) 3-D data provide a clear understanding of subsea lithography and hazards, decreasing the risk of your offshore operations.
• Acoustic coring:
  • The acoustic corer utilizes advanced acoustic technology for subseabed interrogation, optimizing offshore installation programs. By bridging the gap between geophysical and geotechnical site investigation methods, it delivers a 3-D acoustic core with a 14-metre diameter and depths exceeding 50 metres.

About Kraken Robotics Inc.

Kraken Robotics is transforming subsea intelligence through 3-D imaging sensors, power solutions and robotic systems. The company's products and services enable clients to overcome the challenges in the oceans -- safely, efficiently and sustainably.

Kraken's synthetic aperture sonar, subbottom imaging and lidar systems offer best-in-class resolution, providing critical insights into ocean safety, infrastructure and geology. The company's revolutionary pressure-tolerant batteries deliver high-energy density power for UUVs (unmanned underwater vehicles) and subsea energy storage.

Kraken Robotics is headquartered in Canada with offices in North America, South America and Europe, supporting clients in more than 30 countries around the world.

About 3D at Depth Inc.

3D at Depth specializes in underwater data acquisition, providing unparalleled expertise and cutting-edge solutions to a diverse array of in-water measurement challenges. From initial underwater survey planning to final data delivery, 3D at Depth's comprehensive end-to-end approach and commitment to excellence have positioned it as an industry leader, empowering its clients worldwide with detailed and accurate three-dimensional point clouds that provide an insightful and holistic view of underwater environments.

We seek Safe Harbor.