Replies to post #1160 on Coda Octopus Group Inc (CODA)

[nupapa]

Good buy. Lot's of good things coming, IMO.

This comes from the Acteon Companies website (http://www.acteon.com) -- Acteon owns Seatronics which just signed a deal with CDOC.

CODAOCTOPUS AND SEATRONICS SIGN ECHOSCOPE AGREEMENT
World-leading marine electronic rental specialist Seatronics, an Acteon company, and CodaOctopus, a leading marine equipment supplier, have signed an agreement with an initial investment worth more than $1.5 million to increase the number of Echoscope® sonar imaging systems available for rent worldwide. This agreement was signed during Oceanology International 2012 in London, UK. This is the world’s largest marine exhibition and features over 500 exhibitors from 30 different countries.

Through the Technology Access Programme, or TAP™, a client can contact any Seatronics base or CodaOctopus office directly to hire the sonar technology that is transforming applications from marine construction through to port security, dredging and decommissioning. Over and above access to revolutionary sonar technology, TAP also provides access to trained operators who offer a host of services to suit every client’s requirements.

Seatronics Managing Director David Currie said, “This is another example of Seatronics working in partnership with some of the world’s leading manufacturers of high-tech sonar equipment to bring leading-edge technology cost effectively to the subsea industry “Whether you are a large marine operator working on a major offshore installation requiring both equipment and personnel, or a smaller scale company needing short-term equipment hire with a few days of operator training, TAP is the affordable answer.”

Seatronics maintains several Echoscope systems in its rental pool already, but the main TAP asset pool of the latest-generation dual-frequency equipment will be available from April 2012.