Coda Octopus Group Announces that it has recently received an order for fifteen of its new generation F280® GNSS Aided Inertial Navigation Systems (“GNSS Aided INS”) for Contract Value of $576,000

Core Viewpoint - Coda Octopus Group, Inc. has received an order for fifteen F280® GNSS Aided INS systems valued at approximately $576,000 for a foreign Navy Program, indicating strong demand for its advanced marine technology products [1][2]. Company Overview - Coda Octopus Group, Inc. is a leading supplier in the underwater/subsea market, providing a range of hardware and software solutions, including proprietary real-time 4D/5D/6D imaging sonars and diving technology [3]. - The company was founded in 1994 and has established itself as a key player in underwater imaging and diving technology, with applications in various sectors including defense and commercial markets [3]. Product Details - The F280 Series® GNSS Aided INS systems are designed to deliver high accuracy in positioning and motion data, crucial for marine surveying and measurement [2]. - The F180 Series®, the predecessor to the F280 Series®, historically contributed up to 10% of the Products Business annual revenue, showcasing the legacy and reliability of the company's motion products [2]. - The recently launched Diver Augmented Vision Display (DAVD) system integrates sonar technology, enhancing diving operations by providing critical information in zero visibility conditions [4]. Business Model - Coda Octopus Group includes two defense engineering businesses, Coda Octopus Martech Ltd and Coda Octopus Colmek, which supply sub-assemblies for mission-critical programs, allowing for potential repeat orders throughout the program's lifecycle [5].