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Coda Octopus Group Reports Further Progress on its Diver Augmented Vision Display System (DAVD)
ORLANDO, FL, March 09, 2023 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (“CODA” or the “Company”) (Nasdaq: CODA), a global market leader in real-time
About this update from Coda Octopus Group, Inc.
[{"type":"text","content":"ORLANDO, FL, March 09, 2023 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (“CODA” or the “Company”) (Nasdaq: CODA), a global market leader in real-time 3D/4D/5D and 6D imaging sonar technology for real-time subsea intelligence and real-time diving technology, reports that its DAVD system was used in the Deep Sea Expeditionary with No Decompression (DSEND) Suit In-Water Concept Demonstration held at the U.S Navy Experimental Diving Unit (NEDU) between February 7th and 8th. The news highlighting the demo can be found here. Commenting on the successful demonstration, Blair Cunningham, CODA’s President of Technology, stated: “We are delighted to be working on such pivotal and transformational programs for the U.S. Navy with premier partners such as the NEDU, as well as NSWC PCD, Naval Sea Systems Command 00C3, Office of Naval Research 342, NSWC PCD, Naval Undersea Warfare Center Keyport, Nuytco Research, and Mide Technology. Working with our partners in close collaboration on requirements, we have continued our rapid development of the DAVD technology. Increasing the breadth of application for the DAVD solutions, covering helmets, facemasks, and now the DSEND suits, which is the subject of this announcement by NSWC PCD, shows the progress we are making on this important growth opportunity”. About Coda Octopus Group, Inc. The Company, founded in 1994, innovates, develops, manufactures and markets subsea products (hardware and software) and solutions including its flagship real-time 3D, 4D, 5D and 6D underwater imaging sonar technology, marketed under the name “Echoscope®” and “Echoscope PIPE“ and its recently launched Diver Augmented Vision Display system (“CodaOctopus® DAVD”). This sonar technology generates real-time 3D, 4D, 5D and 6D imaging data for inspection and mapping underwater and is used globally for numerous applications including the commercial and defense underwater market. Applications for the Echoscope® technology include complex mapping underwater, subsea intervention, subsea asset placements, offshore renewables cable installations and surveys, marine construction, subsea infrastructure installation, mining applications, breakwater construction and monitoring, decommissioning, diving applications and port and harbor security. The recently launched new generation of diving technology, DAVD, is expected to change the w...