Business

Coda Octopus Group Reports $1.5m Order for its Diver Augment Vision Display System (DAVD) Tethered Variant for new community of users

ORLANDO, FL, May 13, 2025 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (“CODA” or the “Company”) (Nasdaq: CODA), a global market leader in 4D/5D/6D imaging sonar technology and acoustic sensors for real time subsea intelligence, today reported that its Marine Technology Business Unit received an order for DAVD tethered systems bundled with the Echoscope® for a contract value of $1.5m which will be used by different US Navy Commands. This order represents an additional investment in the DAVD Teth

articleCoda Octopus Group, Inc.May 13, 20255/company/coda-octopus-group-inc/news/coda-octopus-group-reports-1-110000958
Coda Octopus Group Reports $1.5m Order for its Diver Augment Vision Display System (DAVD) Tethered Variant for new community of users

About this update from Coda Octopus Group, Inc.

[{"type":"image","alt":"Coda Octopus Group, Inc.","displaySize":"","headline":null,"caption":"Coda Octopus Group, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":177,"height":155,"url":"https://media.zenfs.com/en/globenewswire.com/d2e42263b2b6080c97db2a6800863160"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ZtEz9LteEF7t3oyXL6JPXA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIxMDtoPTE4NDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/d2e42263b2b6080c97db2a6800863160","width":177,"height":155}},"lazy":false},{"type":"text","content":"ORLANDO, FL, May 13, 2025 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (“CODA” or the “Company”) (Nasdaq: CODA), a global market leader in 4D/5D/6D imaging sonar technology and acoustic sensors for real time subsea intelligence, today reported that its Marine Technology Business Unit received an order for DAVD tethered systems bundled with the Echoscope® for a contract value of $1.5m which will be used by different US Navy Commands. This order represents an additional investment in the DAVD Tethered System, underscoring the U.S. Navy’s ongoing commitment to the adoption of the DAVD technology and enhancing its capabilities for subsea operations.","length":653,"tagName":"p"},{"type":"text","content":"Blair Cunningham, CODA’s President of Technology, commented on the order: ","length":73,"tagName":"p"},{"type":"text","content":"“We are pleased to have received this order which is significant on different levels: this order confirms the continued roll out and adoption of this key technology within the US Navy and also that Echoscope PIPE® real time 3D Volumetric Sonar is considered as an important part of the DAVD solution for diving and underwater inspection and surveys. The DAVD Tethered System is currently operational across nine naval commands within the U.S. Navy and this recent order will increase the community of users, thus accelerating the adoption curve for the technology. This order builds on the order we received in March 2025 for 16 DAVD Untethered Systems (DUS), which is intended for the Special Operations Command community of users and which is the largest addressable market for the technology. These acquisitions of the technology further strengthen the shared vision for the broader adoption of the DAVD system across the Defense diving community.”","length":951,"tagName":"p"},{"type":"te...

More updates from Coda Octopus Group, Inc.

US NavyThe CompanyDAVD Tethered SystemDAVDBlair Cunninghamglobal market leaderOctopustechnology