Coda Octopus Group Reports Sizable Sale of Echoscope PIPE® Sonars to Major Offshore Service Provider.
ORLANDO, FL, April 23, 2024 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (“CODA” or the “Company”) (Nasdaq: CODA), a global market leader in 3D/4D/5D/6D imaging sonar technology for real time subsea intelligence and cutting-edge diving technology, today reported that a major offshore service provider recently purchased a number of Echoscope PIPE® sonars having a contract value of $1,000,000.
- ORLANDO, FL, April 23, 2024 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (“CODA” or the “Company”) (Nasdaq: CODA), a global market leader in 3D/4D/5D/6D imaging sonar technology for real time subsea intelligence and cutting-edge diving technology, today reported that a major offshore service provider recently purchased a number of Echoscope PIPE® sonars having a contract value of $1,000,000.
- Commenting on this, Blair Cunningham, CODA’s President of Technology, stated “we are excited that this global offshore service provider has recognized the value of investing in our real-time 3D Echoscope® technology.
- They will use the technology for several major underwater construction projects such as breakwater construction, offshore renewables (cable laying and scour monitoring) and salvage operations.
- The Echoscope® real-time 3D imaging sonar stands head and shoulders above other imaging sonars for these types of complex scene inspection applications and facilitates immediate and efficient decision making and real-time monitoring of all recovery and salvage operations.