Coda Octopus Group, Inc. (CODA), a US-based manufactures and markets patented real-time 3D subsea sonar technology company, Wednesday announced that its Defense Engineering Services division, Coda Octopus Colmek, received two U.S. government orders totaling $1.3 million for proprietary components used in a mission-critical Defense program.
Founded in 1994, Coda Octopus develops advanced underwater imaging and diving technologies, including its Echoscope sonar systems for real-time 3D/4D/5D imaging, widely used in defense, offshore energy, marine construction, and subsea operations. The company's Diver Augmented Vision Display (DAVD) integrates sonar technology for zero-visibility dive operations, revolutionizing commercial and military diving.
Coda Octopus also owns Precision Acoustics Limited, a leader in acoustic sensors and ultrasound technology for medical imaging and non-destructive testing (NDT). Additionally, its defense divisions—Coda Octopus Martech (UK) and Coda Octopus Colmek (US)—supply sub-assemblies for long-term defense programs, contributing to multi-year revenue streams.
CODA is currently trading at $6.11 or 1.16% higher on the Nasdaq Capital Market.
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