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Stock impact report

Coda Octopus Group Reports Sizable Sale of Echoscope PIPE® Sonars to Major Offshore Service Provider.

Coda Octopus Group, Inc. - Common stock (CODA) 
US:NASDAQ Investor Relations: codaoctopusgroup.com
Company Research Source: GlobeNewswire
ORLANDO, FL, April 23, 2024 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (“CODA” or the “Company”) (Nasdaq: CODA), a global market leader in 3D/4D/5D/6D imaging sonar technology for real time subsea intelligence and cutting-edge diving technology, today reported that a major offshore service provider recently purchased a number of Echoscope PIPE® sonars having a contract value of $1,000,000. Commenting on this, Blair Cunningham, CODA’s President of Technology, stated “we are excited that this global offshore service provider has recognized the value of investing in our real-time 3D Echoscope® technology. They will use the technology for several major underwater construction projects such as breakwater construction, offshore renewables (cable laying and scour monitoring) and salvage operations. I am also very pleased that Echoscope® is currently being used as a key sensor for the Francis Scott Key Bridge collapse in Baltimore and that we are working closely to support US Navy S Show less Read more
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