Coda Octopus Group Reports $906k Engineering Services Order

Core Insights - Coda Octopus Group, Inc. has received a significant order valued at $906k for its Defense Engineering Services Business, Coda Octopus Colmek, which had been anticipated and delayed during the first half of fiscal 2024 [1][7] - The company aims to restore its Engineering Business to a pre-COVID revenue profile of $10 million, with this order being a step in that direction [7] Company Overview - Coda Octopus Group, Inc. specializes in 4D/5D/6D imaging sonar technology and diving communications technology, providing real-time subsea intelligence [1][8] - The company offers a range of hardware and software solutions, including the Echoscope® and Echoscope PIPE® sonar systems, which are used for underwater imaging in various applications [8] New Technology - The newly launched Diver Augmented Vision Display (DAVD) system is a fully integrated solution that enhances global diving operations by allowing topside control and diver HUD systems to share critical information [3] - The DAVD system integrates sonar technology, enabling dive operations in zero visibility conditions, which is a common challenge in the industry [3] Defense Engineering Business - Coda Octopus operates two defense engineering businesses, Coda Octopus Martech Ltd (UK) and Coda Octopus Colmek, Inc. (US), which supply sub-assemblies for mission-critical programs as subcontractors to prime defense contractors [9] - These businesses engage in concept, design, prototype, manufacturing, and post-sale support, allowing for repeat orders throughout the life of these programs [9]