HOUSTON, July 7, 2025 /PRNewswire/ -- Nauticus Robotics, Inc. (NASDAQ: KITT), a leading innovator in autonomous subsea robotics and software solutions, today announced completion of its first quarter of the 2025 operating season. Nauticus is pleased to reaffirm its vision of combining with SeaTrepid to form a company capable of executing traditional remotely operated vehicle (ROV) work while simultaneously moving the industry into autonomy.

Nauticus ROVs completed projects for six different customers during the second quarter. These new engagements included support for the wind industry along the U.S. East Coast and for the energy sector along the U.S. Gulf Coast. Looking ahead, the third quarter will mark the initiation of Aquanaut^® revenue for 2025, reflecting the company's continued progress in deploying its flagship underwater vehicle.

John Gibson, CEO and President of Nauticus Robotics, commented, "We are on track to achieve record-breaking revenue and technological milestones in 2025. The year-over-year reduction in customer concentration demonstrates strong growth in market adoption and diversification. Our team continues to transform the industry with their innovation and dedication."

Nauticus is filling the remainder of the 2025 pipeline with current and new customers in multiple offshore industries. Continuing discussions confirm market acceptance of the combined offering of an ROV and the Aquanaut^® vehicle. Only a fraction of the customer base has already seen the Aquanaut^® vehicle in action, but all of them are eager for Nauticus to get into their fields to witness what it can do.

The second half of 2025 is expected to increase excitement and exposure to all that Nauticus has to offer. Customers are on board and discussions are promising. The Aquanaut^® vehicle is anticipated to execute projects at ultra deepwater depths of up to 2,200 meters by the end of the summer. This will be the first revenue for the Aquanaut^® vehicle at these depths.

Nauticus is well on its way to transitioning oceanic execution models across multiple industries. 2025 continues to be a banner year for the company, customers, and stakeholders invested in the journey.

About Nauticus Robotics

Nauticus Robotics, Inc. develops autonomous robots for the ocean industries. Autonomy requires the extensive use of sensors, artificial intelligence, and effective algorithms for perception and decision allowing the robot to adapt to changing environments. The company's business model includes using robotic systems for service, selling vehicles and components, and licensing of related software to both the commercial and defense business sectors. Nauticus has designed and is currently testing and certifying a new generation of vehicles to reduce operational cost and gather data to maintain and operate a wide variety of subsea infrastructure. Besides a standalone service offering and forward-facing products, Nauticus' approach to ocean robotics has also resulted in the development of a range of technology products for retrofit/upgrading traditional ROV operations and other third-party vehicle platforms. Nauticus' services provide customers with the necessary data collection, analytics, and subsea manipulation capabilities to support and maintain assets while reducing their operational footprint, operating cost, and greenhouse gas emissions, to improve offshore health, safety, and environmental exposure.

Cautionary Language Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Act"), and are intended to enjoy the protection of the safe harbor for forward-looking statements provided by the Act as well as protections afforded by other federal securities laws. Such forward-looking statements include but are not limited to: the expected timing of product commercialization or new product releases; customer interest in Nauticus' products; estimated operating results and use of cash; and Nauticus' use of and needs for capital. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. These statements may be preceded by, followed by, or include the words "believes," "estimates," "expects," "projects," "forecasts," "may," "will," "should," "seeks," "plans," "scheduled," "anticipates," "intends," or "continue" or similar expressions. Forward-looking statements inherently involve risks and uncertainties that may cause actual events, results, or performance to differ materially from those indicated by such statements. These forward-looking statements are based on Nauticus' management's current expectations and beliefs, as well as a number of assumptions concerning future events. There can be no assurance that the events, results, or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and Nauticus is not under any obligation and expressly disclaims any obligation, to update, alter, or otherwise revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law. Readers should carefully review the statements set forth in the reports which Nauticus has filed or will file from time to time with the Securities and Exchange Commission (the "SEC") for a more complete discussion of the risks and uncertainties facing the Company and that could cause actual outcomes to be materially different from those indicated in the forward-looking statements made by the Company, in particular the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in documents filed from time to time with the SEC, including Nauticus' Annual Report on Form 10-K filed with the SEC on April 15, 2025. Should one or more of these risks, uncertainties, or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, or expected. The documents filed by Nauticus with the SEC may be obtained free of charge at the SEC's website at www.sec.gov.

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SOURCE Nauticus Robotics, Inc.