Nauticus Robotics Says Comanche ROV Systems Are Currently Operating On Commercial Projects In The U.S. Northeast And Gulf Coast; Co Has Submitted Bids And Proposals For ROV Projects Across Multiple Locations In Both The U.S. And International Offshore Markets.

Nauticus is experiencing a substantially stronger third quarter based on commercial ROV activity to date. Both of the Company's Comanche ROV systems are currently deployed on customer projects. One is working in the U.S. Northeast in support of offshore wind development, while the second is performing platform inspection work off the U.S. Gulf Coast.

The concurrent deployments represent increased utilization of the Company's ROV assets and place both Comanche systems in active commercial operations simultaneously. The projects also represent commercial activity in two distinct U.S. offshore markets.

In addition to the current deployments, Nauticus has submitted bids and proposals for ROV projects across multiple locations in both the U.S. and international offshore markets. These bids and proposals are not included in the operating activity described in this release, and no assurance can be given that any prospective project will result in a contract or commercial activity.