Coda Octopus Group Sets Fiscal Year 2022 Earnings

ORLANDO, FL, Jan. 17, 2023 (GLOBE NEWSWIRE) — Coda Octopus Group, Inc. (“CODA” or the “Company”) (NASDAQ: CODA), a global leader in real-time 3D/4D/5D and 6D sonar imaging technology for real-time underwater reconnaissance, will host a conference call on Monday, January 30, 2023 at 10:00 a.m. Eastern Time to discuss results for the year ended October 31, 2022. A press release detailing these results will be issued prior to the start of trading on the same day.

CODA management will provide prepared comments followed by a question and answer phase.

Date: Monday 30 January 2023
Time: 10:00 a.m. Eastern Time (7:00 a.m. Pacific Time)
US dial-in number: 1-877-451-6152
International number: 1-201-389-0879
Conference ID: 13735530

The conference call will be streamed live and can be replayed here.

Those interested in attending are asked to call the conference phone number approximately 10 minutes before the start. An operator registers your name and organization. If you are having difficulty participating in the conference call, please contact the Company’s Investor Relations team at 1-949-574-3860.

A replay of the call will be available on the same day until February 13, 2023 after 2:00 p.m. Eastern Time.

Toll-free retry number: 1-844-512-2921
International Replay Number: 1-412-317-6671
Conference ID: 13735530

above Coda Octopus Group, Inc.
Founded in 1994, the company innovates, develops, manufactures and markets underwater products (hardware and software) and solutions, including its flagship real-time 3D, 4D, 5D and 6D underwater imaging sonar technology marketed under the Echoscope® name becomes “Echoscope PIPE®” and its recently launched Diver Augmented Vision Display System (“CodaOctopus® DAVD”). This sonar technology generates real-time 3D, 4D, 5D, and 6D imagery for underwater inspection and mapping and is used worldwide for numerous applications including the commercial and military underwater markets. Applications for Echoscope® technology include complex subsea mapping, subsea interventions, subsea asset placement, offshore renewable energy cable installation and survey, shipbuilding, subsea infrastructure installation, mining applications, breakwater construction and monitoring, decommissioning, diving applications, and port and port security. The recently launched new generation of diving technology, DAVD, is expected to transform the way diving operations are conducted worldwide (both defense and commercial) as it will provide real-time digital information for use and consumption by both the Divers as well as the diving supervisor delivers top team. It is also expected to change the way people communicate while diving, from analog audio to digital audio and to 2D and 3D visual images in both text and video format. In addition to the marine products business, Coda Octopus Products Ltd., CODA’s two defense technology service businesses are operated by Coda Octopus Colmek and Coda Octopus Martech. For more information, please visit http://www.codaoctopusgroup.com or contact us at [email protected]

Forward-Looking Statement

This press release contains forward-looking statements about 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. These forward-looking statements include, among other things, statements regarding the Company’s expectations regarding growth in the Company’s business and revenues. Such statements are subject to certain risks and uncertainties, and actual circumstances, events or results could differ materially from those projected in such forward-looking statements. The words “believe”, “may”, “will”, “possibly”, “estimate”, “continue”, “anticipate”, “intend”, “could”, “would”, “project”, “plan”, “Expect” and similar expressions that express the uncertainty of future events or results are intended to identify forward-looking statements. Factors that could cause or contribute to differences include, but are not limited to, the ongoing coronavirus pandemic, customer demand for our products and market prices; the outcome of our ongoing research and development efforts related to our products, including our real-time 3D, 4D, 5D and 6D underwater sonar technology solutions; Changes in the volume or timing of previously delayed defense orders and other examples of forward-looking statements set forth in our Annual Report on Form 10-K for the year ended October 31, 2021 and filed with the Securities and Exchange Commission on February 14 , 2022. Coda Octopus Group, Inc. undertakes no obligation, and expressly disclaims any obligation, to update or revise any such statements to reflect new circumstances or unanticipated events as they arise.

Investor Relations contact:
Cody Slach or Jeff Grampp, CFA
Gateway Group, Inc.
(949) 574-3860
[email protected]

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