Mr. Karl Kenny reports
KRAKEN REPORTS CHANGE OF DIRECTOR
Harley Sinclair has tendered his resignation in good standing from Kraken Sonar Inc.'s board of directors with immediate effect. Mr. Sinclair was the chief executive officer of Anergy Capital, which acquired Kraken Sonar Systems Inc. as its capital pool company qualifying transaction in February, 2015.
Mr. Sinclair said: "When I stepped down as CEO of Anergy, I remained as a director of Kraken in order to facilitate the transition of the company, to represent the company's pre-QT shareholders and to assist the company generally. It is time for me to move on. As a significant shareholder, I have nothing but good wishes for the company. Thanks to everyone for having me as a member of your team and as a friend."
Karl Kenny, Kraken's president and chief executive officer, said: "I wish to thank Harley for his valuable assistance and contribution over our last 18 months as a public company. We continue to evolve our sensors-to-systems strategy with the objective of becoming a leader in unmanned maritime systems and underwater robotics. We have several highly qualified board candidates with industry experience that we are now in discussions with. We hope to announce their addition to the Kraken board of directors in the very near future."
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