Kraken commence hunt for Avro Arrow artifacts

Kraken Sonar Inc. (TSX VENTURE: PNG) (OTCQB: KRKNF) wholly owned subsidiary Kraken Sonar Systems Inc. has been awarded its first “Robotics as a Service” contract by OEX Recovery Group Incorporated, to conduct a search for nine Avro Arrow free flight models launched over Lake Ontario in series of tests during 1954 – 1957, the company said.

The models are one-eighth scale replicas of the famed flying jet, and were part of the final flight design tests done prior to the production of the CF-105 Arrow.

The goal of the search is to discover the resting place of nine models, recover them and ultimately house them at the Canada Aviation and Space Museum in Ottawa and the National Air Force Museum of Canada in Trenton, Ontario.

While contract terms between Kraken and OEX are confidential, the contract amount is less than CDN 500,000.

Kraken Sonar is a marine technology company, founded in 2012, 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; Bremen, Germany; and Fairfax, Virginia.