Coda Octopus Group Reports $1.5m Order for its Diver Augment Vision Display System (DAVD) Tethered Variant for new community of users
Coda Octopus Group (NASDAQ: CODA) has secured a $1.5 million order for its DAVD tethered systems bundled with Echoscope® from the US Navy. The order expands DAVD technology deployment beyond the current nine naval commands. This follows a March 2025 order for 16 DAVD Untethered Systems for Special Operations Command.
The company has achieved a significant technological advancement with its new generation Head-Up-Display (HUD), featuring a 200% increase in resolution and expanded field of view. This improved design offers better compatibility with specialized dive helmets and masks, opening opportunities in previously underutilized markets. CODA is now focusing on expanding DAVD technology adoption to foreign navies and the commercial sector.
Il gruppo Coda Octopus (NASDAQ: CODA) ha ottenuto un ordine da 1,5 milioni di dollari per i suoi sistemi DAVD con cavo, abbinati a Echoscope®, dalla Marina degli Stati Uniti. L'ordine estende l'impiego della tecnologia DAVD oltre i nove comandi navali attualmente serviti. Questo arriva dopo un ordine di marzo 2025 per 16 sistemi DAVD senza cavo destinati al Comando Operazioni Speciali.
L'azienda ha raggiunto un importante progresso tecnologico con la nuova generazione di Head-Up-Display (HUD), che presenta un incremento del 200% nella risoluzione e un campo visivo ampliato. Questo design migliorato offre una migliore compatibilità con caschi e maschere subacquee specializzate, aprendo opportunità in mercati finora poco sfruttati. CODA ora si concentra sull'espansione dell'adozione della tecnologia DAVD verso marine straniere e il settore commerciale.
El grupo Coda Octopus (NASDAQ: CODA) ha asegurado un pedido de 1,5 millones de dólares para sus sistemas DAVD con cable, combinados con Echoscope®, por parte de la Marina de los Estados Unidos. El pedido amplía el despliegue de la tecnología DAVD más allá de los nueve comandos navales actuales. Esto sigue a un pedido en marzo de 2025 de 16 sistemas DAVD sin cable para el Comando de Operaciones Especiales.
La compañía ha logrado un avance tecnológico significativo con su nueva generación de Head-Up-Display (HUD), que presenta un incremento del 200% en resolución y un campo de visión ampliado. Este diseño mejorado ofrece mejor compatibilidad con cascos y máscaras de buceo especializadas, abriendo oportunidades en mercados previamente poco explotados. CODA ahora se centra en expandir la adopción de la tecnología DAVD hacia marinas extranjeras y el sector comercial.
Coda Octopus 그룹(NASDAQ: CODA)은 미국 해군으로부터 Echoscope®가 포함된 DAVD 유선 시스템에 대해 150만 달러 규모의 주문을 확보했습니다. 이번 주문으로 DAVD 기술의 배치가 현재 9개의 해군 사령부를 넘어 확장됩니다. 이는 2025년 3월 특수작전사령부를 위한 16대의 무선 DAVD 시스템 주문에 이은 것입니다.
이 회사는 해상 디스플레이(HUD)의 신세대 모델에서 해상도 200% 증가와 시야 확장이라는 중요한 기술적 진전을 이루었습니다. 이 향상된 설계는 특수 잠수 헬멧과 마스크와의 호환성을 높여 이전에 활용도가 낮았던 시장에서 기회를 열어줍니다. CODA는 이제 DAVD 기술의 해외 해군 및 상업 부문으로의 확장에 집중하고 있습니다.
Le groupe Coda Octopus (NASDAQ : CODA) a obtenu une commande de 1,5 million de dollars pour ses systèmes DAVD filaires associés à Echoscope® de la part de la marine américaine. Cette commande étend le déploiement de la technologie DAVD au-delà des neuf commandements navals actuels. Elle fait suite à une commande de mars 2025 pour 16 systèmes DAVD sans fil destinés au Commandement des opérations spéciales.
L'entreprise a réalisé une avancée technologique majeure avec sa nouvelle génération de Head-Up-Display (HUD), offrant une augmentation de 200 % de la résolution et un champ de vision élargi. Ce design amélioré offre une meilleure compatibilité avec les casques et masques de plongée spécialisés, ouvrant ainsi des opportunités sur des marchés jusque-là peu exploités. CODA se concentre désormais sur l'expansion de l'adoption de la technologie DAVD auprès des marines étrangères et du secteur commercial.
Die Coda Octopus Group (NASDAQ: CODA) hat einen Auftrag über 1,5 Millionen US-Dollar für ihre verkabelten DAVD-Systeme in Kombination mit Echoscope® von der US Navy erhalten. Der Auftrag erweitert den Einsatz der DAVD-Technologie über die derzeit neun Marinekommandos hinaus. Dies folgt auf eine Bestellung im März 2025 für 16 drahtlose DAVD-Systeme für das Special Operations Command.
Das Unternehmen hat mit seiner neuen Generation des Head-Up-Displays (HUD) einen bedeutenden technologischen Fortschritt erzielt, der eine 200%ige Steigerung der Auflösung und ein erweitertes Sichtfeld bietet. Dieses verbesserte Design ermöglicht eine bessere Kompatibilität mit spezialisierten Tauchhelmen und Masken und eröffnet Chancen in bisher wenig genutzten Märkten. CODA konzentriert sich nun darauf, die Verbreitung der DAVD-Technologie auf ausländische Marinen und den kommerziellen Sektor auszudehnen.
- Secured new $1.5M order from US Navy for DAVD tethered systems
- Previous large order in March 2025 for 16 DAVD Untethered Systems
- Expanded user base beyond current nine naval commands
- New HUD features 200% resolution increase and improved compatibility
- Potential market expansion to foreign navies and commercial sector
- None.
Insights
CODA secures $1.5M Navy order for DAVD tethered systems, expanding military adoption and strengthening revenue pipeline beyond previous March order.
Coda Octopus has secured a significant
The order has two key implications. First, it demonstrates sustained commitment from the Navy to CODA's underwater visualization technology, which has now achieved deployment across nine naval commands. Second, it follows a larger March 2025 order for 16 DAVD Untethered Systems targeting Special Operations users, indicating sequential procurement momentum.
What's particularly notable is the technology's adoption curve—the DAVD system is demonstrating classic military technology diffusion patterns, starting with specialized units before expanding to broader naval applications. The company's indication that the Special Operations community represents their "largest addressable market" suggests they've only begun to penetrate their primary revenue opportunity.
The technical upgrades mentioned—specifically the 200% increase in resolution and expanded field of view—address compatibility issues that previously limited market reach. This represents a critical breakthrough in the product development cycle that typically precedes accelerated adoption. With core technical challenges resolved under the DUS Hardening Program, CODA is positioned to pursue international naval customers and commercial applications, potentially expanding their revenue base beyond their current Department of Defense concentration.
ORLANDO, FL, May 13, 2025 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (“CODA” or the “Company”) (Nasdaq: CODA), a global market leader in 4D/5D/6D imaging sonar technology and acoustic sensors for real time subsea intelligence, today reported that its Marine Technology Business Unit received an order for DAVD tethered systems bundled with the Echoscope® for a contract value of
Blair Cunningham, CODA’s President of Technology, commented on the order:
“We are pleased to have received this order which is significant on different levels: this order confirms the continued roll out and adoption of this key technology within the US Navy and also that Echoscope PIPE® real time 3D Volumetric Sonar is considered as an important part of the DAVD solution for diving and underwater inspection and surveys. The DAVD Tethered System is currently operational across nine naval commands within the U.S. Navy and this recent order will increase the community of users, thus accelerating the adoption curve for the technology. This order builds on the order we received in March 2025 for 16 DAVD Untethered Systems (DUS), which is intended for the Special Operations Command community of users and which is the largest addressable market for the technology. These acquisitions of the technology further strengthen the shared vision for the broader adoption of the DAVD system across the Defense diving community.”
Looking ahead, Cunningham added:
“With this key development and delivery milestone achieved with the U.S. Navy, we are laser focussed on bringing on board adoptees of the DAVD technology from foreign navies and the commercial sector. The new generation Head-Up-Display (HUD) delivered to the US Navy under the existing DUS Hardening Program (which is a much more compact design boasting a
About Coda Octopus Group, Inc.
The Company, founded in 1994, is an established supplier to the Underwater/Subsea market. It supplies a range of hardware and software solutions to this market which includes key proprietary real time 4D/5D/6D imaging sonars, marketed under the name Echoscope® and Echoscope PIPE® addressing the underwater imaging sensor market along with new generation diving technology, Diver Augmented Vision Display (DAVD) system. The Company’s Echoscope PIPE® sonar generates real-time 3D/4D/5D images of moving objects underwater including in zero visibility water conditions. The Echoscope® technology is used globally for numerous applications in both the commercial offshore market and defense underwater markets. Applications for the Echoscope® technology include complex mapping underwater, subsea intervention, subsea asset placements, salvage and recovery, search and rescue, offshore renewables cable installations and surveys, marine construction, subsea infrastructure installation, mining applications, robotics (3D Perception and Depth), breakwater construction and monitoring, decommissioning, diving applications and port and harbor security.
The recently launched new generation of diving technology, DAVD, has the potential to change the way global diving operations are performed (both in the Defense and Commercial space) because it is a fully integrated singular system for topside control and fully connected diver HUD system, allowing both the topside and diver to share a range of critical information and visualize the same underwater scene. Furthermore, the DAVD integrates the Company’s sonar technology, which allows dive operations to be performed in zero visibility conditions, a common problem that besets these operations.
The Company also includes two discrete Defense engineering businesses Coda Octopus Martech Ltd (UK based) and Coda Octopus Colmek, Inc. (US based) whose primary business model is to supply sub-assemblies into broader mission critical programs in the capacity of sub-contractors to the Prime Defense Contractors. Their scope of supply under these programs typically includes concept, design, prototype, manufacturing, and post-sale support. This gives them the opportunity to have repeat orders for these sub-assemblies through the life of these programs.
For further information, please visit http://www.codaoctopusgroup.com or contact us at coda@codaoctopusgroup.com.
Forward Looking Statement
This press release contains forward-looking statements concerning Coda Octopus Group, Inc. within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward‐looking statements. Those forward-looking statements include, without limitation, statements regarding the Company's expectations for the growth of the Company's operations and revenue. Such statements are subject to certain risks and uncertainties, and actual circumstances, events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include, but are not limited to, restrictions on our business operations due to the Pandemic, customer demand for our products and market prices; the outcome of our ongoing research and development efforts relating to our products including our patented real time 3D solutions; our ability to develop the sales force required to achieve our development and other examples of forward looking statement set forth in our Annual Report on Form 10-K for the year ended October 31, 2023, filed with the Securities and Exchange Commission on January 29, 2024, and the subsequently filed 10-Qs and 8-Ks. Coda Octopus Group, Inc. does not undertake, and specifically disclaims any obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur.
Contact:
Geoff Turner
Coda Octopus Group, Inc.
1-407-768- 0988
coda.ir@codaoctopusgroup.com
FAQ
What is the value of CODA's new DAVD system order from the US Navy in May 2025?
How many naval commands currently use CODA's DAVD Tethered System?
What improvements does CODA's new generation Head-Up-Display (HUD) offer?
How many DAVD Untethered Systems did CODA sell to Special Operations Command in March 2025?
