Coda Octopus Awarded Sub-Contract Through Penn State’s Applied Research Lab

Coda Octopus Inc. (CODA) announced on February 5 that the company received a follow-on sub-contract award from Penn State’s Applied Research Lab, a Department of Defense University Research Center affiliated with the Naval Sea Systems Command (NAVSEA). Coda will develop a prototype 3D real-time Heads-Up Display (HUD) system for divers utilizing both sonar and augmented visualization technology. Coda Octopus is a global leader in real-time 3D sonar technology and real-time subsea intelligence.

 

Sonal detected the event and issued an alert at 8:02 am. The next trade took place at the market open for $4.62. The stock price dropped a little after the open before moving higher throughout the rest of the day. Coda closed at $5.24 for a gain of over 13% on the day of the event.

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