Coda Octopus Group Announces Conference Call for FY2024 Results
Orlando, FL, Jan. 17, 2025 - Coda Octopus Group, Inc. (“CODA” or the “Company”) (NASDAQ: CODA), a leader in real-time imaging sonar technology and augmented reality diving solutions, is set to host a conference call on Wednesday, January 29, 2025, at 10:00 AM Eastern Time. This call will focus on discussing the results from their fiscal year ended October 31, 2024.
The management team will provide insights through prepared remarks, followed by a question-and-answer session, allowing stakeholders to engage with the leadership directly.
Conference Call Details
The essential details for attending the conference call are as follows:
- Date: Wednesday, January 29, 2025
- Time: 10:00 AM Eastern Time (7:00 AM Pacific Time)
- U.S. Dial-in Numbers: 1-877-451-6152 or 1-201-389-0879
- International Number: 1-201-389-0879
- Conference ID: 13750844
Participants are encouraged to call in approximately 10 minutes before the scheduled start time to ensure proper registration. In case of any issues connecting, pressing *0 will provide immediate assistance.
A replay of the conference call will be accessible after 2:00 PM Eastern time on the same day. It will remain available until February 12, 2025, at 11:59 PM ET via the following numbers:
- Telephone Replay: 1-844-512-2921 or 1-412-317-6671
- International Replay: 1-412-317-6671
- Replay Conference ID: 13750844
Innovative Technologies at Coda Octopus Group
Coda Octopus Group has earned its reputation as a vital supplier in the underwater and subsea market since its inception in 1994. The Company specializes in hardware and software solutions, featuring proprietary real-time 3D/4D/5D imaging sonar technologies, such as the Echoscope® and Echoscope PIPE®. These solutions are widely recognized for their application in underwater imaging, especially in challenging conditions like zero visibility.
The cutting-edge Echoscope PIPE® sonar creates real-time images of underwater movements, serving crucial roles in the commercial offshore sector and military underwater operations. Applications include complex underwater mapping, subsea intervention, asset placement, salvage, recovery, and search and rescue missions. Furthermore, these technologies support offshore renewables cable installations, marine construction projects, and the monitoring of port and harbor security.
Augmented Reality in Diving Technology
Recently, Coda Octopus Group introduced its advanced augmented reality diving system known as the Diver Augmented Vision Display (DAVD). This technology promises to transform global diving operations in both Defense and commercial arenas. Through a fully integrated system that connects topside control with the diver's heads-up display (HUD), the DAVD fosters real-time sharing of critical information between topside personnel and divers, enhancing operational safety and efficiency.
The DAVD technology is seamlessly integrated with Echoscope® sonar, enabling operations in environments where visibility is poor, thus enhancing mission success rates.
Defense Engineering Ventures
Coda Octopus Group further extends its reach through its two distinct defense engineering businesses, Coda Octopus Martech Ltd in the UK and Coda Octopus Colmek, Inc. in the US. These subsidiaries primarily serve as sub-contractors within broader mission-critical defense programs, focusing on design, prototype development, manufacturing, and comprehensive post-sale support. Their engagement in these projects allows for consistent reorders over time, underscoring their integral role in defense contracting.
Recent Acquisition of Precision Acoustics Limited
In a strategic move to broaden its technological capabilities, Coda Octopus Group acquired Precision Acoustics Limited, an innovative player in the MHz ultrasound market. This acquisition, finalized on October 29, 2024, introduces a new array of products and materials catering to subsea applications, including transducer backing materials and specialized compounds for underwater sealing. Precision Acoustics is also recognized as a leader in providing components for the acoustic Non-Destructive Testing (NDT) market, which plays a key role in validating the integrity of various underwater structures.
As an established entity in NDT, Precision Acoustics aids in ensuring that critical infrastructures—such as aircraft, ship hulls, and underwater structures—remain viable and safe for operation.
Contact Information
For further inquiries, you can reach out to:
Geoff Turner
Coda Octopus Group, Inc.
1-407-768-0988
Email: coda.ir@codaoctopusgroup.com
Frequently Asked Questions
What is the purpose of the conference call?
The conference call aims to discuss Coda Octopus Group's results for the fiscal year ended October 31, 2024.
How can I join the conference call?
You can join by calling the provided numbers approximately 10 minutes before the start time.
What technologies does Coda Octopus Group specialize in?
They specialize in real-time imaging sonar technology and augmented reality diving solutions.
What is the Diver Augmented Vision Display (DAVD)?
The DAVD is an advanced system that integrates control for topside personnel with a diver's heads-up display.
What recent acquisition did Coda Octopus Group complete?
They recently acquired Precision Acoustics Limited, enhancing their capabilities in the MHz ultrasound market.
