Coda Octopus Group Inc (CODA)

[multivalue]

Some highlights of today's news...

The Company has successfully transitioned the NSWC PCD faceplate prototype to a first-generation operational system in production.

The Gen 1 DAVD is expected to be added to the “Authorized for Navy Use” (ANU) product list, available for supply across the U.S. Navy, military and Allies, in the coming weeks.

CODA also announced that next Gen R&D development of the multi-generation DAVD system – sponsored and funded by the Office of Naval Research (ONR) through the ONR Future Naval Capabilities (FNC) program is underway.

Blair Cunningham, Coda Octopus Group’s President of Technology, commented: “We are excited to have accomplished this important Gen 1 milestone with our NAVSEA collaborators including NASAThis program represents a significant and material opportunity for Coda Octopus Group, as the real opportunity is to positively impact both naval and commercial diving operations globally.