Coda Octopus Group Inc (CODA)

[DayTraderWoody]

Coda Octopus Group, Inc.: Coda Octopus delivers Underwater Inspection System (UIS(TM)) to San Francisco Police Department
BY Hugin
— 9:05 AM ET 01/07/2014
Lakeland, Fl. (January 7(th) 2013) - Coda Octopus Group, Inc. (CDOC
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) , recently delivered an Underwater Inspection System (UIS(TM)) to the San Francisco Police Department (SFPD). The UIS(TM) is an integrated real time 3D sonar system for underwater inspection applications including port and harbor construction, maintenance, port expansion, maritime security, and route clearance surveys. The all-in-one system is comprised of the real time Echoscope(®) 3D sonar, a day/night camera, positioning system, an easy to use precision pole assembly and operator's laptop.
The UIS(TM) system will be used as a multi-faceted sonar for underwater inspections of critical infrastructure assets and risk assessment, vessel hull surveys and routine clearance surveys. For the benefits of our UIS(TM) System, please see http://www.codaoctopus.com/products/uis.
The SFPD Marine Unit's Sergeant Keith Matthews said: "[t]he UIS(TM) system provides real-time functionality unmatched by any of the other technologies we investigated. The Echoscope's(®) unique real time visualization capabilities will allow us to instantly make decisions regarding subsurface targets, thereby maintaining our Port's critical commerce and transportation operations. We are excited to be adding the UIS(TM) to our maritime security tool box."
Blair Cunningham, President of Technology said: "we are very pleased to welcome the SFPD to our UIS(TM) user community. Coda Octopus UIS(TM) continues to prove its value to port operations and maritime security, reducing risks and reducing operating costs."

Company Contact: Geoff Turner,

Executive Director

Email: [e-mail]


About Coda Octopus Group, Inc. (CDOC
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) Originally founded in 1994 as Coda Technologies, the Coda Octopus Group (CDOC
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) is now headquartered in Lakeland, Florida. The Group consists of a Marine Products business in Florida and Edinburgh, Scotland, and engineering businesses in Utah and 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, and oil and gas, companies, one of the Group's key products is the Coda Echoscope(®) - the first real time 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 Colmek Systems Engineering, Inc. and Martech Systems Engineering Ltd., the Coda Octopus Group (CDOC
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) believes they can become a world leading integrated sonar technology supplier.
For further information, please visit http://www.codaoctopusgroup.com or contact Coda Octopus (CDOC
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) at [e-mail].
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 (CDOC
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) plans, expects, should, believes, anticipates or words of similar import. Stockholders, potential investors and other readers are cautioned that these forward-looking statements are predictions based only on current information and expectations 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' (CDOC
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) 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 (CDOC
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) does not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
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originality of the information contained therein.
Source: Coda Octopus Group, Inc. (CDOC
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) via GlobeNewswire [HUG#1753091]