NORTH SALEM, N.Y., March 16, 2005 (PRIMEZONE) -- Coda Octopus Group, Inc. (Pink Sheets:CDOC) has revealed that it has been selected by the Platinum Television Group to appear in its acclaimed educational television series, "Business & Beyond". The company will be featured in a segment on "Marine Technology: Effective Solutions."
Coda Octopus is internationally recognized as a specialist in underwater technologies for imaging, mapping, defense and surveys. As a leading supplier of geosurvey solutions for more than 10 years, the company will explain how it has provided systems for vessels ranging from rigid inflatable boats up to the world's largest survey ships. Practical applications are diverse and have included offshore hydrographic surveys; seafloor mapping; undersea projects for oil and gas; harbor and waterway inspection and surveillance; maritime defense; anti-terrorism; salvage and recovery; construction; ship hull inspection.
The two respected brands, Coda and Octopus, offer solutions for all application requirements and each has its own operational emphasis. Coda products provide feature-rich acquisition solutions and productivity tools for the most exacting survey requirements. Delivering high resolution results, Coda GeoSurvey is the choice of the world's leading survey companies when quality and precision is paramount. The Octopus range offers easy to use, self-contained workhorse instruments for mainstream survey work and, incorporating all the key geophysical functions, they combine simplicity of operation with solid, reliable performance in one-box solutions. Popular Octopus systems include the F180 Attitude and Positioning System and the new 760 series of geophysical acquisition instruments.
"Business & Beyond" will cover a range of Coda Octopus products, including the new and exciting Echoscope. This real-time 3D imaging sonar is a unique inspection tool which generates high resolution 3D underwater images in real time. Employing highly innovative multi-element transducer design, high speed digital signal processing, advanced sonar beam forming techniques and intuitive image display software it excels where conventional 2D sonars fail to deliver. Suitable for hull mount, over-the-side mount or ROV (remotely operated vehicle) installation, Echoscope can be deployed quickly from vessels of opportunity and is ideally suited to port and harbor security applications. Significant interest has been established in this impressive product from a number of US defense organizations such as NAVSEA, ONR, US Coast Guard and initial sales have already been made to these, as well as other organizations in Europe and Asia.
As well as its headquarters in the U.S., Coda Octopus has branches in Scotland, England and Norway. With over 50 years' combined expertise and three resident geophysicists, the company provides innovative skills and technologies to clients worldwide. It also enjoys a hard-earned reputation for exceptional support and advice with a team of experts on call around the clock.
For Coda Octopus company and product information, see www.codaoctopus.com. More information on Platinum TV's "Business & Beyond" series can be found at www.platinumtelevision.com
Safe Harbor Statement: Except for historical information, the matters set forth herein, which are forward-looking statements, involve certain risks and uncertainties that could cause actual results to differ. Potential risks and uncertainties include, but are not limited to, perceived or actual benefits of the project with Platinum TV and market acceptance of Coda Octopus' planned products and their level of sales, the competitive environment and successful technical and economic implementation.