At under 5 with a low float and revenue now in sight it seems like a much better company than when it was trading at 4 times the current price. When people realized the potential here last year the stock rocketed up to $20 a share. At some point money should start rolling in. There are currently about 500 ships in the US Navy and these products are now approved for Navy purchase. Those 3D sonar's alone are a huge revenue opportunity costing hundreds of thousands each. 3D images can be beamed directly to see through glass in the diver's helmet along with instructions and other details. Part of the setup will include their 3D sonar which would be mounted on navy ships.
Navy divers and NASA astronauts, underway in June 2019 Ĭoda Octopus Group Announces the Successful Completion of NAVSEA and NASA Joint Mission Trials of Diver Augmented Vision Display (DAVD) Generation 1.0 Head-Up Display Prototype System Nasdaq:CODA Coda Octopus Group Announces the Successful Completion of NAVSEA and NASA Joint Mission Trials of Diver Augmented Vision Display (DAVD) Generation 1.0 Head-Up Display Prototype System I think people have grown bored because it has taken so long to get to this point, but we are now at the point where the iron man helmet will start showing revenue from the US Navy. The technology is exciting enough that NASA is also conducting trials.Ī global leader in real-time 3D sonar technology and real-time subsea intelligence, announced the successful completion of its recent joint mission subsea diving trials of the Gen 1.0 Diver Augmented Vision Display (DAVD) prototype see-through head-up display system by U.S. Reportedly, this system … This has been in the works for 4 years and recently the company completed their trials and have their first navy orders. The DAVD is a high-resolution, see-through head-up display (HUD) embedded directly inside of a diving helmet. Navy engineers at the Naval Surface Warfare Center Panama City Division are developing, what is being described as a “next-generation” and “futuristic” system for the diving community, known as the Divers Augmented Vision Display, or DAVD.
#Coda stock upgrade#
“You have everything you visually need right there within the helmet.” ĭiving Helmets Get 'Futuristic' Upgrade - Offshore Energy U.S. "“By building this HUD directly inside the dive helmet instead of attaching a display on the outside, it can provide a capability similar to something from an ‘Ironman’ movie,” says underwater systems development project engineer Dennis Gallagher.
The company has a long history of technological innovation which has led to a contract with the US Navy to produce Iron Man style helmets for divers. It can take those images in real time in muddy water where you can't see an inch in front of your face.
The Echoscope is an evolutionary leap in sonar that combines the capability of an imaging sonar and a multibeam sonar into one device. The imaging is available instantly in real time and the results are viewable in 3D. Pipeline Survey The Coda Octopus Echoscope, the world's only real-time 3D sonar, gathers data of a sewage pipeline in Scotland's Firth of Forth. Take a look at this video for the really cool stuff coda can do. The applications here are huge from laying down underwater cable, to laying pylons, and inspecting ships as part of homeland security efforts. Why does that matter? Because for a lot of underwater applications you are dealing in murky or low visibility water meaning there is no other way to see what is going on. Nobody else can drop a sonar in the water and take real time videos.
The first is real time 3D underwater sonar which to my knowledge is still a monopoly business. Coda Octopus has a couple of significant product lines.