NEW YORK, July 19, 2005 (PRIMEZONE) -- Coda Octopus Group, Inc. (Pink Sheets:CDOC), an international leader in marine technology solutions, today announced the introduction of several new models to its range of precision attitude and positioning systems.
The new products are launched on the strength of the success of the Octopus F180 Precision Attitude and Positioning System which creatively reapplies technology originally developed for the extreme world of motor racing. Since its launch in 2002, the F180 has been purchased by a number of high profile customers and is widely regarded as one of the highest performing systems within the hydrographic survey industry.
Jason Reid, CEO of Coda Octopus, stated, "We're very pleased to be able to greatly widen the variety of new applications for one of the premier performing systems in the marine industry. Our continuing goal is to broaden our reach within and outside the industry with products such as these which are viewed by customers as leaders in their category."
The New Octopus F180 Series
The newly expanded Octopus F180 series includes new variants with enhanced performance to meet the widest range of requirements and now comprises:
Octopus F190 -- with dual frequency GPS and integral satellite differential receiver
Octopus F185 -- with dual frequency GPS and 1cm RTK capability
Octopus F180 -- standard system with 20cm RTK and DGPS capability
For optimum performance in all circumstances, the top-of-the-range Octopus F190 includes an integrated satellite-broadcast differential correction receiver, enabling it to receive high-precision corrections from subscription services. Providing positional accuracy of up to 20cm without the need for any additional equipment, the F190 is targeted for use 'inland' such as within ports and harbors, rivers, canals and other waterways, applications include dredging, shipping channel and berth surveys, oceanographic research, construction monitoring and harbor security.
The F180 series models combine heading, position and motion sensing in the familiar, extremely compact and easy-to-use unit. All variants are equipped to receive WAAS and EGNOS corrections at no extra cost and can be further enhanced to include dual frequency (L1/L2) on the secondary antenna for rapid heading initialization and improved immunity to drop-out. Offering the same high performance in terms of heading and motion accuracy, all systems can be upgraded to the next specification level.
To complement and enhance all Octopus F180 series systems, iHeave intelligent heave processing provides a superior heave capability and is included as standard with all systems. Designed to detect and compensate for long period ocean swell of up to 70 seconds, iHeave can produce significantly more accurate heave in almost all situations such as during tight turns. Working on-line in near-real-time or as a post-process, iHeave generates high accuracy processed heave data in the most demanding of circumstances, increasing survey efficiency.
About Coda Octopus
Founded in 1994 as Coda Technologies, recently public Coda Octopus is recognized internationally as a leading developer of underwater technologies for imaging, mapping, defense and survey applications. Based in New York, with R&D and manufacturing facilities in the UK and Norway, its key products include Octopus precision motion sensors, Coda and Octopus marine software and systems, Octopus thermal printers and the unique Coda Echoscope -- the first real-time 3D subsea sonar -- with particular applications in the homeland security and construction markets. With this patented new product, which revolutionizes subsea visualization, Coda Octopus believes it is well on its way to becoming the world's leading sonar technology company, with the further goal of becoming the top company in the broader $500 million international marine products market.
Additional information about Coda Octopus and its products is available on its website at http://www.codaoctopus.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, market acceptance of Coda Octopus' planned products and their level of sales, the competitive environment and successful technical and economic implementation.