ORLANDO, Fla., April 2, 2024 (Globe Newswire) — Coda Octopus Group, Inc. (“CODA” or the “Company”) (Nasdaq: CODA) is a global market leader in 3D/4D/5D/6D imaging sonar technology for real-time underwater intelligence and cutting-edge diving technology. Echoscope reported today® The technology is being used in ongoing salvage operations. Here’s the news highlighting this: here.
Blair Cunningham, CODA’s President of Technology, said: Ongoing operations.As he SUPSALV pointed out in the article above, the situation is difficult and is made worse by low visibility water conditions…Echoscope® “This is the primary survey tool used by divers, but the Patapsco River’s 4 to 5 feet of mud and loose bottom cloud visibility to just 1 to 2 feet.”
About Coda Octopus Group, Inc.
The company was founded in 1994 and is a well-established supplier to the underwater/subsea market. The company offers a wide range of hardware and software solutions to this market, including its leading proprietary real-time 4D/5D/6D imaging sonar, sold under the name Echoscope.® and echoscope PIPE® We are working on the underwater imaging sensor market with a new generation of diving technology, the Diver Augmented Vision Display (DAVD) system. Our Echo Scope PIPE® Sonar produces real-time 3D/4D/5D images of objects moving underwater, including in bodies of water with zero visibility.echo scope® This technology is used worldwide for numerous applications in both the commercial marine and defense underwater markets.Uses of echoscope® This technology includes complex underwater mapping, subsea intervention, subsea asset placement, salvage and recovery, search and rescue, offshore renewable energy cable installation and exploration, offshore construction, subsea infrastructure installation, mining applications, and robotics. (3D perception and depth), including breakwater construction and monitoring. , decommissioning, diving applications, port security.
DAVD, a recently launched new generation of diving technology, is a fully integrated single system for topside control and fully connected diver HUD systems, making it suitable for global diving operations (defense and commercial). Both disciplines have the potential to change the way they are performed. This allows both the upper side and the diver to share various important information and visualize the same underwater scene. In addition, DAVD integrates our sonar technology, which enables diving operations to be performed in zero visibility conditions, a common problem in diving operations.
The company also includes two discrete defense engineering businesses, Coda Octopus Martech Ltd (UK-based) and Coda Octopus Colmek, Inc. (US-based), whose primary business models are supplying subassemblies to mission-critical programs. To Prime Defense Contractor. The scope of supply under these programs typically includes concept, design, prototype, manufacturing, and after-sales support. This gives you the opportunity to order these subassemblies repeatedly over the life of the program.
Learn more about. http://www.codaoctopusgroup.com Or please contact us below coda@codaoctopusgroup.com.
Forward-looking statements
This press release contains forward-looking statements regarding Coda Octopus Group, Inc. within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. As used in this document: “may”, “will”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe” , “estimate”, “expect” and similar expressions. It is intended to identify forward-looking statements. These forward-looking statements include, without limitation, statements regarding our expectations for the growth of our business and revenues. Such statements involve certain risks and uncertainties that could cause actual circumstances, events or results to differ materially from those anticipated in such forward-looking statements. Factors that may cause or contribute to differences include, but are not limited to, restrictions on our business operations due to the pandemic, customer demand for our products and market prices. the results of continued research and development of our products, including our patented real-time 3D solutions; our ability to develop the operating force necessary to achieve our progress, and our Annual Report on Form 10-K for the year ended October 31, 2023, filed with the Securities and Exchange Commission on January 29; Other examples of forward-looking statements contained in, 2024. Coda Octopus Group, Inc. may update or revise such statements to reflect new circumstances or unanticipated events as they arise. We assume no obligation and specifically disclaim.
contact:
coda.ir@codaoctopusgroup.com
