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Coda Octopus Delivers First of Three UIS to Coast Guard

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Coda Octopus Group, Inc. [CDOC] has delivered the first of three Underwater Inspection Systems (UIS) to the Coast Guard under a $2.6 million contract signed with the Technical Support Working Group in July. Delivery of the second system is slated for next month. The contract includes options that would expand the value to $8.3 million and require the delivery of seven more systems. The UIS is a real-time, three dimensional inspection system that can be mounted on a boat, remotely…

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