Kraken Enters Strategic Alliance with ThayerMahan

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First-of-its kind integration of artificial intelligence, autonomous underwater vehicles, laser sensors, and 3D imaging to advance inspection services for the oil and gas industry. The companies will integrate Autonomous Underwater Vehicles AUVsacoustic and laser sensor technology and artificial intelligence-based navigation software into unique subsea inspection solutions for the oil and gas, offshore renewable energy, kraken subsea robotics shipping industries.

We look forward to announcing our first contract during 4Q Routine subsea inspections can be slow and costly and often include manual visual inspection with large margins of error.

Utilizing enhanced imaging technology and inspection solutions will improve the jobs of inspectors and increase safety, accuracy, speed, cost efficiency and asset longevity. Avitas Systems will be able to complete subsea inspection with reduced cost and time, and operational footprint. Avitas Systems will integrate these technologies into an autonomous subsea inspection system. The data from this inspection will be uploaded into a state-of-the-art platform that includes robust data ingestion, automatic defect recognition, predictive kraken subsea robotics and a cloud-based visualization portal for oil and gas and offshore energy customers.

Across industries, Avitas Systems provides autonomous inspection with robots that can target specific points on industrial assets and follow precise paths from digitized 3D models. Early detection and resolution of potential industrial issues means safer, more reliable operations and enhanced asset integrity.

Working with Kraken Robotics, Avitas Systems will now be able to apply this process to underwater inspections. The partnership expands capabilities for inspections of ship and Kraken subsea robotics hulls, underwater production fields, subsea pipelines and cables and offshore wind farm assets.

These points then become highly accurate and intricate 3D models of subsea infrastructure. The Avitas Systems platform can centralize and prioritize the inspection data by areas of interest to inspectors, which will increase efficiency. Avitas Systems is a GE Venture advancing the inspection services industry across oil and gas, transportation, and electric power sectors through predictive data analytics, robotics, and artificial intelligence.

Its solutions increase safety and decrease inspection costs by providing state-of-the-art robotic-based autonomous and semi-autonomous inspection management, smart scheduling, and a cloud-based platform that analyzes and stores comprehensive inspection data. Avitas Systems delivers kraken subsea robotics insights based on anticipated risk, boosting facility productivity. For more information, visit http: For more information, please visit www.

Certain information in this news release constitutes forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among kraken subsea robotics 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.

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 kraken subsea robotics and such forward-looking statements included in, or incorporated by reference in this kraken subsea robotics release, should not be unduly relied upon.

Such kraken subsea robotics 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. Kraken Robotics is a marine technology company engaged in the design and sale of advanced sonar and optical sensors for underwater vehicles used in military and commercial applications.

We are recognized as world leading innovators of SAS, a revolutionary underwater imaging technology that provides ultra-high resolution seabed imagery. Designed by Impress Kraken subsea robotics. Developed by Newfound Marketing. Avitas Systems, a GE Venture, Partners with Kraken to Advance Subsea Robotic Inspection First-of-its kind integration of artificial intelligence, autonomous underwater vehicles, laser sensors, and 3D imaging to advance inspection kraken subsea robotics for the oil and gas industry.

About Avitas Systems, a GE Venture Avitas Systems is a GE Venture advancing the inspection services industry across oil and gas, transportation, and electric power sectors through predictive data analytics, robotics, and kraken subsea robotics intelligence.

About Kraken Robotics Inc. May 22 - May kraken subsea robotics May 30 - May August 27 - August Copyright Kraken Kraken subsea robotics all rights reserved.

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