Fugro Chance and Coda Octopus Ink Two Year Cooperation Agreement

Fugro Chance and Coda Octopus Ink Two Year Cooperation Agreement

Fugro Chance Inc. and Coda Octopus Group Inc. (CODA) have entered into a Cooperation Agreement for two years to take advantage of Coda Octopus Echoscope®, a patented 3D sonar technology.

This relationship will give CODA early access to real-world requirements associated with Fugro Chance projects. Having access to the myriad of data acquired by Fugro will enable CODA to utilize the Echoscope in a variety of applications and challenges, thus maintaining a cutting edge in sonar technology. In return, Fugro will have the advantage of working with CODA to develop tailored solutions for their clients’ subsea imagery deliverables.

Coda© Echoscope® Dual Frequency 3D Sonar is a unique sonar device using phased array technology. It generates over 16,000 beams simultaneously, producing instantaneous, three-dimensional sonar images of both moving and stationary objects and enabling extremely rapid reconnaissance and inspection.

Fugro Chance has proven field success in project time and cost savings as well as operational benefits from using this technology. Fugro Chance Data Manager, Tony Gray, commented, “There is a world of possibilities with this 3D technology; be it installing platform legs subsea, seabed clearance surveys or even close-proximity subsea structure point cloud acquisition. Echoscope® is a resourceful tool that can be used in subsea projects where time, risk and depth are all critical factors to visualisation and measurement.”

The two companies will work together on joint developments of new applications for meeting Fugro Chance requirements in data visualization and processing. In addition, Fugro Chance will gain market advantage from training opportunities provided by CODA as well as project support.

Press Release , March 17 , 2013