Coda Octopus Group Announces Significantly Advanced Development of Next-GEN 2.0 Diver Augmented Vision Display (DAVD), Team Accelerated Progress during Pandemic Shutdown

• CODA is under contract for the onward development of the GEN 2.0 DAVD system
• CODA and NAVSEA 00C3 currently trialling GEN 2.0 features to Navy Dive Teams during GEN 1.0 roll-out program to the U.S. Navy Fleet
• New 2.0 capabilities include advanced Diver Processor, with digital video, depth and calibrated attitude sensors, and integrated digital audio in the head-up display (HUD)
• Custom companion product, DAVD C500 Inspector System, developed as part of the DAVD package
• Next-Gen DAVD launch now expected before 2020 calendar year end

ORLANDO, FL, Aug. 24, 2020 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (CODA) (Nasdaq: CODA), a global leader in real-time 3D sonar technology and real-time subsea intelligence, announced that its R&D team had accelerated the development of the GEN 2.0 Diver Augmented Vision Display (DAVD) system during the pandemic shutdown and is making significant progress on completing the DAVD GEN 2.0 developments.

CODA had previously released the GEN 1.5 upgrade, with fully integrated diver head tracking in the head-up display (HUD), just prior to the pandemic shutdown. It is expected that a rapid and smooth transition to GEN 2.0 capabilities will occur in late 2020. CODA also announced the successful development of a DAVD companion product, a diver-specific Echoscope^4G C500 Inspector solution that includes a custom rapid-deployment frame for surface or seafloor deployment. Coda Octopus Products has started to receive initial orders for DAVD GEN 1.0 systems, GEN 1.5 Upgrades and the companion DAVD C500 Inspector System.

The ground-breaking DAVD diver management system is funded by the Office of Naval Research (ONR) through its Future Naval Capabilities (FNC) program, and continues to be managed by NAVSEA 00C3. The DAVD Launch Team – comprised of Coda Octopus 3D experts, NAVSEA Master Divers and Naval Surface Warfare Center, Panama City Division (NSWC PCD) engineers – is currently trialling the newly developed DAVD GEN 2.0 features, during its GEN 1.0 roll-out to the U.S. Navy Fleet. The roll-out program restarted in mid-July after a delay since early March, due to the restriction of movement.

The significant advancements under the DAVD GEN 2.0 Development Program include:

- New Generation of the Diver Processing Pack (DPP) with onboard sensor payload including calibrated Attitude Sensors package, Depth Sensor and First-Person Perspective Digital Video system,

- Advanced Depth Rating and performance, while greatly reducing the head-up display (HUD) form factor for integration to Full Face Mask (FFM) and other hard-hat diving helmets, and