|Company Contact:||Geoff Turner,|
|Director and Group Officerfirstname.lastname@example.org|
Coda Octopus Group Inc.
Coda Octopus delivers Underwater Inspection System (UIS(TM)) to Port Everglades
Lakeland, Fl. (December 10th 2012) - Coda Octopus Group, Inc. (OTC: CDOC.PK), recently delivered an Underwater Inspection Systems (UIS(TM)) to Port Everglades.
Port Everglades is one of the busiest cruise ports in the world and a leading container port in Florida. It is among the most active cargo ports in the United States with more than 5,300 ships calling at the Port in a year, and the Port handling over 23 million tons of liquid, bulk and containerized cargoes. The UIS(TM) which includes the Echoscope® real-time 3D sonar will be used by the Port for, among other things, underwater inspections of piers and critical infrastructure, vessel hull surveys and harbor surveys to ensure safety of navigation including after hurricanes and other events.
Our President of Technology, Blair Cunningham said: "we are very pleased to welcome Port Everglades to our community of UIS(TM) users. The Coda Octopus UIS(TM) is proving its value in ports globally. With its Echoscope® real-time 3D capabilities it yields significant cost and time savings by enabling operators to see underwater objects in zero visibility conditions immediately. This allows immediate decision making. Moreover, using this technology, a port can inspect a 1000 foot pier in minutes compared to several hours by a team of divers. The direct result is a significant increase in confidence for those providing Port Security."
About Coda Octopus Group, Inc.
Originally founded in 1994 as Coda Technologies, the Coda Octopus Group is now headquartered in Lakeland, Florida. The Group consists of a Marine Products business located in Lakeland, Florida, Edinburgh, Scotland and Bergen, Norway, and engineering businesses, Coda Octopus Colmek in Salt Lake City, Utah and Coda Octopus Martech in Weymouth, England. Each of the Group companies are technology innovators with a particularly high level of sonar expertise. The Group has facilities in Florida, Utah, the UK and Norway.
Alongside providing custom engineering and development for defense applications, one of the Group`s key products is the Coda Octopus Echoscope® - the world`s first real time patented 3D sub-sea sonar. The Echoscope® is also at the heart of the Underwater Inspection System(TM), which is being adopted for homeland security, and other applications in ports around the world.
With this patented revolutionizing sub-sea visualization capability, and the existing systems integration skills within the Group, the Coda Octopus Group believes it can become a world leading integrated sonar technology supplier.
For further information, please visit http://www.codaoctopusgroup.com or contact Coda Octopus at email@example.com.
Safe Harbor Statement:
This press release contains certain forward-looking statements. These forward-looking statements can generally be identified as such because the context of the statement will include words such as Coda Octopus Group plans, expects, should, believes, anticipates or words of similar import but all statements other than of historical fact could be deemed forward-looking statements. Stockholders, potential investors and other readers are cautioned not to place undue reliance on these forward-looking statements that are predictions and opinions based only on current information as of the date of this press release that are inherently subject to risks and uncertainties that could cause future events or results to differ materially from those set forth or implied by the forward-looking statements. Certain of those risks and uncertainties are discussed in registration statement on Form SB-2 and include, but are not limited to, market acceptance of Coda Octopus` planned products and their level of sales, access to the capital necessary to finance and grow the business, a highly competitive environment in the security field that includes numerous large and well established companies much larger than ours, and our ability successfully to deploy our technologies and products to meet the technical demands and market requirements of our customers. These forward-looking statements are only made as of the date of this press release and Coda Octopus Group does not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Coda Octopus Group, Inc. via Thomson Reuters ONE
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here