Coda Octopus Group Inc (CODA)

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CDOC..Heres a few notes from last annual report

http://www.otcmarkets.com/financialReportViewer?symbol=CDOC&id=74549

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Martech is currently prototyping a decontamination oven which is expected to
form part of the ground equipment for jet fighter aircraft and will be used for decontaminating pilots’
high-tech and sensitive headsets. If the prototyping is successful, we would expect that the customer
will take this to the production phase in the last quarter of the fiscal year ending October 31, 2012.

Colmek is a key supplier on high profile programs including Raytheon's Phalanx Close-In
Weapons System (CIWS) and Northrop Grumman's airborne mine hunting sonar AN/AQS-24. We also
offer a variety of enclosures technologies.

http://www.wnd.com/markets/news/read/19854987/colmek_begins_new_rf_conditioning_project_for_the_navy%E2%80%99s_rothr_program

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We market the Echoscope® both as a stand-alone sonar device and as a fully integrated system, the
UIS™ (Underwater Inspection System) which is specifically aimed at the port security market. Since the
introduction of the product to the market we have sold and delivered around 50 systems at market
prices of between $200,000 for standalone devices and $500,000 for integrated UIS™ systems. Recently
we are seeing repeat customers for the equipment leading us to believe that this product is getting
more market acceptance and penetration and that these customers are getting significant returns on
investments in deploying this device leading to their repeat orders.

We would expect that we will increase our spending in both the categories of Legal and Professional Fees
significantly at the end of the year when we anticipate the resumption of the auditing of our consolidated financial
statements and also in the category of marketing to reflect the costs of launching a new product anticipated in this
fiscal year