"We are pleased to welcome Coda Octopus to the OTCQX market," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "OTCQX provides a transparent and efficient public trading market for companies like Coda Octopus that are committed to maintaining high-quality financial and operating standards."
Annmarie Gayle, Group CEO of Coda Octopus commented, "We are pleased to make the move to top-tier OTCQX, which marks the latest step in the Group's growth plans. We believe that OTCQX gives us the ideal platform to reflect the Company's growth and prospects, and therefore is an important step to maximizing shareholders' value."
Coda Octopus was sponsored for OTCQX by Louis A. Brilleman, Esq., a qualified third party firm responsible for providing guidance on OTCQX requirements and recommending membership.
Coda Octopus is recognized internationally for its industry-leading underwater technologies. Its patented Echoscope® range of products is the world's only commercial sonar with both real-time and 3D capabilities for optimum imaging and mapping in zero or low visibility conditions underwater. The Company's real-time 3D imaging products are revolutionizing the capture and visualization of subsea data globally in numerous applications, ranging from port and coastal asset security and military defense to oil and gas subsea infrastructure and surveys, wind energy and renewables, and marine construction and consistently providing significant productivity gains and enhancement of safety of underwater operations to its customers. Coda Octopus also has within its group two defense engineering companies who sell their products largely into the prime defense contractors.
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SOURCE OTC Markets Group Inc.