Press Releases

U.S. Navy uses the Echoscope 3D real-time imaging sonar during CSS Georgia Salvage

Coda Octopus Group, Inc. (CDOC)  reports that the Naval Sea Systems Command (NAVSEA) Supervisor of Salvage and Diving (SUPSALV) is using its Echoscope 3D imaging sonar during CSS Georgia Salvage efforts.

Navy Divers from Mobile Diving and Salvage Unit (MDSU) 2 and Explosive Ordnance Disposal Technicians from Explosive Ordnance Disposal Mobile Unit (EODMU) 6, in conjunction with archaeologists, conservationists, Naval History and Heritage Command, and the U.S. Army Corps of Engineers (USACE), are diving in the Savannah River in support of the salvage of Civil War ironclad CSS Georgia.

A NAVSEA SUPSALV spokesperson said the U.S Navy became involved in this salvage effort at the request of the USACE. Faced with challenging diving conditions due to strong currents, high commercial vessel traffic and low visibility conditions, it was decided to use the Echoscope to provide real-time visualization of the underwater environment. This technology, among other things, enables the dive team to have improved situational perspective of the underwater environment by showing the location of divers, real-time monitoring of salvage operations and identifying potential metal objects of interest.  As a result, risks are greatly reduced and divers can be used more efficiently.

The Echoscope 3D imaging system displays in real time 3D underwater objects as they are scanned, whether they are static structures or moving objects. The image supplied by the Echoscope can be rotated in all three dimensions and measurements can be taken while viewing the data.

SUPSALV is evaluating the Echoscope technology for future use in its operations.

Blair Cunningham, our President of Technology, said, “[w]e are extremely pleased that the Echoscope is proving invaluable to these types of operations and that the technology is being evaluated for broader applications within the U.S. Navy operations”.

About Coda Octopus Group, Inc.

Originally founded in 1994 as Coda Technologies, the Coda Octopus Group is now headquartered in Lakeland, Florida.

The Group consists of a Marine Products business located in Lakeland, Florida, Edinburgh, Scotland, Perth, Australia, and Bergen, Norway, and engineering businesses, Coda Octopus Colmek in Salt Lake City, Utah and Coda Octopus Martech in Weymouth, England. Each of the Group companies are technology innovators with a particularly high level of sonar expertise. The Group has facilities in Florida, Utah, the UK, Australia, and Norway.

Alongside providing bespoke engineering and development for defense applications one of the Group's key products is the patented Coda Echoscope® - the first real time 3D sub-sea sonar which is used in oil and gas, underwater construction, search and rescue operations and port and harbor security and constructions. The top end software which runs on the Echoscope® (Underwater Survey Explorer) is also proprietary to Coda Octopus. The Echoscope® is also at the heart of the Underwater Inspection System which is being adopted for port and harbor security, and other applications globally. We have a number of products which are based on our real time 3D technology (Echoscope®, Underwater Inspection System and Dimension® (the latter being a forward looking real time sonar targeted at ROV applications)).

With this patented revolutionizing sub-sea visualization capability, and the existing systems integration skills within Coda Octopus Colmek, Inc. and Coda Octopus Martech Ltd., the Coda Octopus Group believes it can become a world leading integrated sonar technology supplier.

For further information, please visit http://www.codaoctopusgroup.com or contact Coda Octopus at info@codaoctopusgroup.com.

Safe Harbor Statement

This press release contains certain forward-looking statements. These forward-looking statements can generally be identified as such because the context of the statement will include words such as Coda Octopus Group plans, expects, should, believes, anticipates or words of similar import but all statements other than of historical fact could be deemed forward-looking statements. Stockholders, potential investors and other readers are cautioned not to place undue reliance on these forward-looking statements that are predictions and opinions based only on current information as of the date of this press release that are inherently subject to risks and uncertainties that could cause future events or results to differ materially from those set forth or implied by the forward-looking statements. Certain of those risks and uncertainties are discussed in registration statement on Form SB-2 and include, but are not limited to, market acceptance of CodaOctopus’ planned products and their level of sales, access to the capital necessary to finance and grow the business, ahighly competitive environment in the security field that includes numerous large and well established companies much larger than ours, and our ability successfully to deploy our technologies and products to meet the technical demands and market requirements of our customers. These forward-looking statements are only made as of the date of this press release and Coda Octopus Group does not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.