Kraken Robotics Appoints Defense Industry Veteran and Former RTX and Boeing Executive Kristin Robertson to Board of Directors

Rhea-AI Summary

Kraken Robotics (KRKNF) has appointed Kristin Robertson, a veteran defense industry executive, to its Board of Directors. Robertson brings over 30 years of experience managing complex portfolios at major U.S. defense companies. She currently leads KBR Insights, a strategic consulting firm, and previously served as President of Space and C2 Systems at RTX Corporation from 2022-2023. Her extensive 28-year tenure at Boeing included leadership roles in military aircraft and autonomous systems, notably overseeing seabed projects like the Orca XLUUV for the U.S. Navy. Robertson holds degrees in electrical engineering and international business, and began her career as a civilian electronics engineer with the U.S. Navy. The company also announced the issuance of 3,425,000 stock options to employees and directors, with a seven-year term and four-year vesting schedule at an exercise price of $2.42.

Positive

• Appointment of highly experienced defense industry executive with over 30 years of experience at top U.S. defense companies
• Robertson's extensive background in autonomous systems and seabed projects aligns with Kraken's core business
• Strong connections to major defense contractors (Boeing, RTX) could benefit future business development
• Direct experience with U.S. Navy and defense sector procurement processes

Negative

• Dilutive effect of 3,425,000 new stock options issued to employees and directors

ST. JOHN'S, Newfoundland and Labrador, June 04, 2025 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF) announces that Kristin Robertson has been appointed to the Company’s Board of Directors. Robertson, formerly of Boeing and RTX Corporation, is a highly experienced executive with more than 30 years of managing complex portfolios at top U.S. defense companies. She is currently President and owner of KBR Insights, a Virginia-based strategic consulting firm focused on operational excellence, strategy, and growth in the aerospace and defense sector.

Robertson has extensive knowledge of disruptive technology, digital practices, and methodologies applied across the lifecycle of defense, space, intelligence, and commercial organizations. She led RTX Corporation’s (formerly Raytheon) space business as President of Space and C2 Systems from 2022 – 2023, providing cutting edge integrated space solutions for defense, intelligence, and commercial customers globally. Before that, she spent 28 years at Boeing in multiple senior leadership positions across military aircraft and autonomous systems programs. As Vice President and Manager of Autonomous Systems, Robertson led a portfolio of seabed projects including Orca extra-large unmanned undersea vehicle (XLUUV) for the U.S. Navy and served as Board Chairman for five Boeing subsidiaries, including Liquid Robotics.

Prior to Boeing, Kristin was employed by the U.S. Navy as a civilian electronics engineer at the Naval Aviation Depot in San Diego, California. She received her bachelor's degree in electrical engineering from the University of California San Diego and her master's degree in international business from Saint Louis University.

“I am honored to join the board of Kraken Robotics, a company at the forefront of ocean technology and innovation,” said Ms. Robertson.   “With its cutting-edge subsea imaging, battery and robotics solutions, Kraken is transforming how we explore and understand the deep sea. I look forward to contributing to its continued growth and global impact.”

“We are pleased to welcome Kristen to Kraken’s Board of Directors,” said Greg Reid, President and CEO of Kraken Robotics. “Her wealth of experience in the U.S. defense industry leading top contractors will be invaluable for Kraken as we move to the next stage of company growth.”

Kraken also announced that its Board of Directors has approved the issuance of 3,425,000 stock options to certain employees and directors. These options have a seven-year term, with vesting in four equal instalments on the annual anniversaries of the initial date of grant. The exercise price on the options is $2.42.

Figure 1: Kristin Robertson has joined Kraken Robotics’ Board of Directors

ABOUT KRAKEN ROBOTICS INC.

Kraken Robotics Inc. (TSX.V: PNG) (OTCQB: KRKNF) is transforming subsea intelligence through 3D imaging sensors, power solutions, and robotic systems. Our products and services enable clients to overcome the challenges in our oceans – safely, efficiently, and sustainably.

Kraken’s synthetic aperture sonar, sub-bottom imaging, and LiDAR systems offer best-in-class resolution, providing critical insights into ocean safety, infrastructure, and geology. Our revolutionary pressure tolerant batteries deliver high energy density power for UUVs 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 worldwide.

LINKS:

www.krakenrobotics.com

SOCIAL MEDIA:

LinkedIn	www.linkedin.com/company/krakenrobotics
X	https://x.com/krakenrobotics
Facebook	www.facebook.com/krakenroboticsinc
YouTube	www.youtube.com/channel/UCEMyaMQnneTeIr71HYgrT2A
Instagram	www.instagram.com/krakenrobotics

FORWARD-LOOKING STATEMENTS

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 Provider (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:

Erica Hasenfus, Director of Marketing
erica.hasenfus@krakenrobotics.com

Joe MacKay, Chief Financial Officer
(416) 303-0605
jmackay@krakenrobotics.com

Greg Reid, President & CEO
(416) 818-9822
greid@krakenrobotics.com

Sean Peasgood, Investor Relations
(647) 955-1274
sean@sophiccapital.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/90d7f4f7-3697-4e55-9d36-d71c4c1bc4e9

FAQ

Who is Kristin Robertson and why did Kraken Robotics (KRKNF) appoint her to the board?

Kristin Robertson is a defense industry veteran with over 30 years of experience at Boeing and RTX Corporation. She was appointed to bring her extensive knowledge in autonomous systems, defense contracting, and strategic growth to Kraken Robotics' board.

What is Kristin Robertson's experience with underwater robotics and defense systems?

At Boeing, Robertson led autonomous systems programs including the Orca extra-large unmanned undersea vehicle (XLUUV) for the U.S. Navy and served as Board Chairman for Liquid Robotics, demonstrating direct experience with underwater robotics and defense systems.

What stock options did Kraken Robotics (KRKNF) issue in June 2025?

Kraken Robotics issued 3,425,000 stock options to employees and directors with a seven-year term, vesting over four years, at an exercise price of $2.42.

What positions did Kristin Robertson hold at RTX and Boeing?

Robertson served as President of Space and C2 Systems at RTX (2022-2023) and spent 28 years at Boeing in senior leadership positions, including Vice President and Manager of Autonomous Systems.

How might Kristin Robertson's appointment benefit Kraken Robotics (KRKNF)?

Robertson's extensive defense industry experience, connections with major contractors, and expertise in autonomous systems could help Kraken Robotics expand its presence in the defense sector and accelerate company growth.