NEW YORK, Aug. 26, 2005 (PRIMEZONE) -- Coda Octopus Group, Inc. (Pink Sheets:CDOC), an international leader in marine technology solutions, has reported the completion of another series of successful trials of its revolutionary, new real-time 3D sonar system, the Coda Echoscope. In conjunction with NATO's Underwater Research Centre (NURC) and QinetiQ (Dorset, UK) the trials took place in La Spezia, Italy.
Deployed as part of an integrated system for harbor protection, Coda Echoscope works in conjunction with long-range diver detection systems such as QinetiQ's 'Cerberus' system to provide real-time, high resolution visualization of potential threats such as a diver entering a port or harbor. While used successfully by NURC in a fixed position, providing short-range data for comparison with Cerberus, Echoscope is also ideally suited as part of a rapid reconnaissance system to investigate and verify potential treats detected by the longer-range system. It is also small enough to be mounted on fast RIBs (rigid inflatable boats) such as those used by the U.S. Coast Guard.
Jason Reid, CEO of Coda Octopus, elaborated, "In addition to intruder detection applications, Echoscope is also ideal for high speed underwater surveys of port and harbor walls and structures including under-hull surveys, and checking for objects such as explosives, mines or contraband."
The Sonar System Of The Future
Mr. Reid noted further that in recent extensive trials undertaken on behalf of the United States Coast Guard, the Coda Echoscope was able to perform a complete harbor scan resulting in full real-time 3D visualizations of harbor walls and ship hulls in a matter of minutes and, when mounted in a fixed location at the entrance to a harbor, the Echoscope can provide instantaneous, covert 3D images of all incoming vessels.
"The capabilities of the Echoscope are unique," Mr. Reid said, "and we believe it will increasingly be recognized as the sonar of the future and a necessity in helping to secure ports and harbors throughout the world against terrorist threats."
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.