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     121  0 Kommentare Coda Octopus Group Announces Significantly Advanced Development of Next-GEN 2.0 Diver Augmented Vision Display (DAVD), Team Accelerated Progress during Pandemic Shutdown - Seite 3

    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 imaging and mapping in zero visibility conditions underwater. Echoscope is used globally in numerous applications including defense, marine construction, 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: coda@codaoctopusgroup.com.

    About Office of Naval Research (ONR)

    As an executive branch agency within the Department of Defense, the Office of Naval Research (ONR) supports the President’s budget. ONR provides technical advice to the Chief of Naval Operations and the Secretary of the Navy. ONR coordinates, executes, and promotes the science and technology programs of the United States Navy and Marine Corps. For further information, please visit: https://www.onr.navy.mil/en

    About NAVSEA 00C Diving Program

    NAVSEA Supervisor of Salvage and Diving, SEA 00C, is the Fleets Diving Technical Authority. SEA 00C develops procedures, diving manuals & technical instructions to support Fleet diving operations. They conduct Test & Evaluation of new and existing technology and procedures and provides Fleet Diving support including:

    • System and equipment acquisition
    • Issuing Dive Advisories/direct technical assistance
    • Offering Depot Level maintenance
    • Developing collaboration tools
    • Establishes and conducts QASP/DORI program
    • Writes and issues diving equipment preventative maintenance procedures

    Forward Looking Statement

    This press release contains forward-looking statements concerning Coda Octopus Group, Inc. within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Those forward-looking statements include, without limitation, statements regarding the Company's expectations for the growth of the Company's operations and revenue. Such statements are subject to certain risks and uncertainties, and actual circumstances, events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include, but are not limited to, customer demand for our products and market prices; the outcome of our ongoing research and development efforts relating to our products including our patented real time 3D solutions; our ability to develop the sales force required to achieve our development and other examples of forward looking statement set forth in our Annual Report on Form 10-K for the year ended October 31, 2019, filed with the Securities and Exchange Commission on January 28, 2020. Coda Octopus Group, Inc. does not undertake, and specifically disclaims any obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur.

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    Coda Octopus Group Announces Significantly Advanced Development of Next-GEN 2.0 Diver Augmented Vision Display (DAVD), Team Accelerated Progress during Pandemic Shutdown - Seite 3 CODA is under contract for the onward development of the GEN 2.0 DAVD systemCODA 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 FleetNew 2.0 capabilities include advanced …