ST. JOHN’S, Newfoundland, Dec. 18, 2018 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (TSX-V: PNG) (OTCQB: KRKNF)
(“Kraken” or the “Company”), is pleased to announce that its wholly owned subsidiary, Kraken Robotic Systems Inc., has completed a
series of successful sea tests of its KATFISH towed Synthetic Aperture Sonar system with Elbit Systems Ltd., a major international
defence contractor based in Israel.
Elbit Systems has developed a state-of-the-art Unmanned Surface Vehicle (USV) named “Seagull”. Seagull is a
multi-mission USV platform boasting high autonomy levels and modular features, allowing it to be rapidly reconfigured for a wide
array of missions – including anti-submarine warfare and mine countermeasures.
“Elbit Systems’ Seagull USV is one of the most advanced ocean drones in the world,” said Karl Kenny,
Kraken’s President and CEO. “With KATFISH integrated on Elbit’s Seagull USV, the system can provide remotely operated, unmanned,
end-to-end mine hunting operations. With KATFISH, these ocean drones can detect very small objects hidden on the seabed and enter
confined spaces where underwater explosives are likely to be hidden. Since robotic systems can be remotely operated their use can
remove people from very dangerous missions - in essence, taking the sailor out of the minefield. Kraken and Elbit are co-operating
on a number of international contract pursuits for KATFISH integrated on the Seagull platform.”
Some key objectives realized during the KATFISH tests included:
- Successful operations in sea states of 3 - 4
- Towing at 7+ knots in shallow 15m water with KATFISH survey depth of less than 6.5m
- Constant 3cm resolution imagery and 25cm bathymetric resolution, in real time
- Area coverage rates greater than 2.1 km2 per hour
- 2-Sigma Target Position Error of less than 2.26m (95%)
- Remote command and control of KATFISH over low-bandwidth wireless link
- Compressed SAS imagery and bathymetry transmitted in real-time over low bandwidth wireless link
- Survey operations conducted by supervised autonomy from remote shore-based site
- Single operator launch and recovery of KATFISH payload in high sea states
Underwater Threats
The underwater defence market is evolving rapidly; responding to changing threats, tensions in the Middle East
and Asia, economic and budgetary pressures and a growing trend by emerging navies to deploy asymmetrical weapons. As an example,
today’s diesel-electric submarines are quickly becoming one of the biggest threats to naval operations and the $2 trillion
commercial shipping industry.
Compounding the threat from stealthy submarines are the hazards posed to worldwide shipping from naval mines and
underwater Improvised Explosive Devices (IEDs). A naval mine is a self-contained explosive device placed in water to damage or
destroy ships or submarines. Like roadside bombs on land, naval mines are a cheap way to undercut military force projection.
Since World War II, mines have sunk or crippled 15 US Navy ships, more than all other weapons put together. Two naval mines
crippled the $1 billion USS Princeton, a US Navy guided missile cruiser, in the first Gulf War 25 years ago.
There are an estimated 80,000 mines in the Baltic that were left over from the two World Wars. Some are still
active. While their fuses are not operational, the explosive material is still there. If something happens to touch them, they can
explode. As recently as 2005, one such mine killed three Dutch fishermen — a murderous reminder of how deadly mines can be, and for
how long.
There is one big difference from World War II - the modern naval mine threat is much more sophisticated. Today,
stealthy mines made of composite materials in sonar-deflecting shapes lurk amidst the clutter of the sea floor. There are buried
mines covered by layers of sand, mud and silt. There are “rising mines” that wait in deep water for a ship to pass overhead, then
ascend until they’re within range to fire a torpedo. There are reports that China is working on an anti-aircraft mine that can
detect a low-flying helicopter and launch a missile at it. Iran is reported to own over 6,000 naval
mines, North Korea has 50,000, China 100,000 or so and Russia is estimated to
own over 250,000. There could be well over 500,000 naval mines in worldwide military inventories.
For over a century, clearing mines has been a brutal, crude and close-up business. For over twenty years,
leading navies have been increasingly investing in technologies to “keep the sailor out of the minefield” by deploying unmanned
systems, both underwater and on the surface.
Countering the Underwater Threat
Kraken’s KATFISH is an actively controlled, intelligent towfish platform used to generate real-time ultra-high
definition seabed imagery and maps for a variety of military and commercial applications. Kraken’s products are primarily targeted
to the rapidly growing Unmanned Maritime Systems drone market which is primarily comprised of Unmanned Underwater Vehicles (UUVs)
and Unmanned Surface Vehicles (USVs).
Until recently, conventional side scan sonars have been the leading technology for detailed mapping and imaging
of the seafloor. However, Kraken’s advanced sonar technology called Miniature Interferometric Synthetic Aperture Sonar (MINSAS) is
now commercially available and is especially well-suited for military mine hunting missions. MINSAS delivers ultra-high
seabed image resolution (3 cm), simultaneously co-registered 3D bathymetry, and superior area coverage rates. The ability to
generate centimetre-scale sonar resolution in all three dimensions has the potential to provide significant improvements in the
detection, classification and identification of small seabed objects such as underwater mines and IEDs.
From a platform perspective, towed sonar systems have the benefit of acquiring sonar data to operators at high
speed and in real-time. This is a critical feature for mine-hunting operations to enable the earliest possible identification and
classification of underwater threats. Onboard processing enables real-time analysis of sonar data, significantly reducing post
mission analysis time.
Actively controlled towfish provide a superior platform for seabed survey, particularly when using Synthetic
Aperture Sonar. An actively controlled towfish can compensate for input disturbances, greatly improving the towed platform
stability and the overall image quality. In addition, intelligently controlled active towfish can control their depth and altitude
using intelligent bottom following and bottom avoidance routines.
Placing a survey sensor - such as Kraken’s Miniature Synthetic Aperture Sonar - closer to the seafloor will
result in the acquisition of much higher resolution data. When the sensor is integrated to a high speed, intelligently stabilized
towed platform such as KATFISH, better quality data is acquired at a faster rate, thus improving efficiency and lowering both
operational and data acquisition costs. KATFISH provides the highest resolution seabed pixels at the lowest cost compared to any
other competing survey sonar platform.
ABOUT KRAKEN ROBOTICS INC.
Kraken Robotics Inc. (TSX.V:PNG) (OTCQB: KRKNF) is a marine technology company that is dedicated to the production and sale of
software-centric sensors and underwater robotic systems. The company is headquartered in St. John’s, Newfoundland with offices in
Dartmouth, Nova Scotia; Toronto, Ontario; Bremen, Germany; and Fairfax, Virginia. Kraken is ranked as a Top 100 marine technology
company by Marine Technology Reporter. For more information, please visit www.krakenrobotics.com, www.krakenrobotik.de,
www.krakenpower.de. Find us on social media on Twitter (@krakenrobotics), Facebook (@krakenroboticsinc) and LinkedIn.
ABOUT ELBIT SYSTEMS
Elbit Systems Ltd. (NASDAQ: ESLT) is an international high technology company engaged in a wide range of defense, homeland security
and commercial programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas
of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance
("C4ISR"), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems,
data links and communications systems, radios and cyber-based systems. The Company also focuses on the upgrading of existing
platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support
services, including training and simulation systems. For additional information, visit: www.elbitsystems.com, follow us on Twitter
or visit our official YouTube Channel.
Certain information in this news release constitutes forward-looking statements. When used in this news
release, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "seek", "propose", "estimate",
"expect", and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. In
particular, this news release contains forward-looking statements with respect to, among other things, business objectives,
expected growth, results of operations, performance, business projects 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 material factors and assumptions and are subject to certain risks and uncertainties, including without
limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors
set out in the Company's public disclosure documents. Many factors could cause the Company's actual results, performance or
achievements to vary from those described in this news 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 forward-looking statements prove incorrect, actual results may vary materially from those described in this news release
and such forward-looking statements included in, or incorporated by reference in this news release, should not be unduly relied
upon. Such statements speak only as of the date of this news release. The Company does not intend, and does not assume any
obligation, to update these forward-looking statements. The forward-looking statements contained in this news release are expressly
qualified by this cautionary statement.
Neither the TSX Venture Exchange Inc. nor its Regulation Services Provide (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release, and the OTCQB has
neither approved nor disapproved the contents of this press release.
For further information, please contact:
Greg Reid, Chief Financial Officer
(416) 818-9822
greid@krakenrobotics.com
Sean Peasgood, Investor Relations
(647) 955-1274
sean@sophiccapital.com
Glenda Leyte, Marketing Manager
(709) 757-5757 extension 288
gleyte@krakenrobotics.com
Photos accompanying this announcement are available at:
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