Coda Octopus Group Brings New and Ground-breaking Capabilities to the Subsea Market – Innovates the World’s Only 5-Dimensional and 6-Dimensional Real-Time Imaging Sonar - Seite 2

Annmarie Gayle, CODA’s Chairman and CEO commented: “We have now taken a further seismic leap forward with the innovation and launch of our patented 5-Dimensional and 6-Dimensional Imaging Sonar, marketed under the name Echoscope PIPE, which we believe will be decisive in standardizing our technology in the subsea market. In 2015, we embarked on an R&D program to re-innovate our real-time 3D sonar technology. In early 2018, we launched our hardware revisions – Echoscope^4G which packaged our technology in smaller, lighter and reduced-power form factors, of which we now have many variants (depth ratings of 4^th Gen products launched). We continued to build on this, by developing our new software (4G USE), and our smart algorithms (the new advance signal processing engine) now released from R&D into production for early beta trials in the market. We believe these milestone achievements are all foundational to our growth prospects. Our fiscal year 2020 Business Plan reflects our change of focus from R&D to investing in Sales and Marketing. We are exceptionally pleased and proud to bring this significant paradigm shift to the Underwater Sonar Imaging Market and believe that, due to its demonstrable benefits and capabilities, this technology has the potential to quickly change the Underwater Imaging Sonar Market. 5D and 6D capabilities are novel and are subject to a number of patent applications.”

For additional information, please see the article entitled “5-D – 6D Sonars” in the current edition of Society for Underwater Technology’s magazine, UT2/UT3.

About Coda Octopus Group, Inc.

The Company, founded in 1994, manufactures and markets patented real-time 3D subsea sonar technology, the Echoscope, which enables real-time 3D (4D) imaging and mapping in zero visibility conditions underwater. The current generation of the technology is 4^th Gen hardware with Echoscope PIPE (Parallel Intelligent Processing Engine), the world’s only 5-Dimensional (5D) and 6-Dimensional (6D) Imaging Sonars. Echoscope is used globally in numerous applications including defense, marine construction, renewables and oil and gas subsea infrastructure installation and surveys, and port and harbor security. In addition to the Marine Products business, Coda Octopus Products Ltd., CODA’s two defense products and engineering services businesses are Coda Octopus Colmek and Coda Octopus Martech. For further information, please visit http://www.codaoctopusgroup.com or contact us at: [e-mail].