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Coda Octopus Makes Donation to the College of Marine Science of the
University of South Florida’s ‘Bridge to the Doctorate Endowed Graduate
Fellowship’
New York, NY May 9th, 2006 – Coda Octopus Group, Inc (Pink Sheets: CDOC), a
world leader in 3D subsea technology with key applications in port security
and defense, headquartered here, today announced that it had gifted $25,000
to the College of Marine Science of the University of South Florida’s Bridge
to the Doctorate Endowed Graduate Fellowship.
Dr Betzer, Dean of the College of Marine Science, commented that, “The
University of South Florida is fortunate to have partners like Coda Octopus
Group, Inc. who recognize the value of higher education. Proceeds from this
endowment will be used to fund fellowships for underrepresented students in
the College of Marine Science.”
Jason Reid, CEO of Coda Octopus, commented that, “We are delighted to
provide this gift to the Bridge to the Doctorate Endowed Graduate
Fellowship. The University of South Florida is an integral member of the
maritime community and the College of Marine Science’s fellowship program
will help ensure this presence continues well into the future.”
About Coda Octopus
Founded in 1994 as Coda Technologies, Coda Octopus is recognized
internationally as a leading developer of underwater technologies for
imaging, mapping, defense and survey applications. Based in New York, with
R&D, manufacturing, and sales facilities in the UK, Norway, and Florida its
key products include Octopus precision motion sensors, Coda and Octopus
marine software and systems, Octopus thermal printers and the unique Coda
Echoscope - the first real-time 3D subsea sonar - with particular
applications in the homeland security and construction markets. With this
patented new product, which revolutionizes subsea visualization, Coda
Octopus believes it is well on its way to becoming the world’s leading sonar
technology company.
For further information, please visit
http://www.codaoctopus.com or contact Coda Octopus at
info@codaoctopus.com
Contact
Press (North America) - Ken Donenfeld, DGI Investor Relations, Inc
kdonenfeld@dgiir.com, tel +1 212 425 5700
Investor Relations - Ira Weingarten, Equity Communications, LLC
Ira@equitycommunication.com,
tel +1 805 897 1880
Safe Harbor Statement: Except for historical information, the matters set
forth herein, which are forward-looking statements, involve certain risks
and uncertainties that could cause actual results to differ. Potential risks
and uncertainties include, but are not limited to, market acceptance of Coda
Octopus’ planned products and their level of sales, the competitive
environment and successful technical and economic implementation.
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