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Fugro Chance Adopts The Coda Echoscope® In Some Of Its Complex Offshore Operations In The Gulf Of Mexico
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Friday, August 10, 2012:
Coda Octopus Group, Inc. (PINKSHEETS: CDOC) is pleased to announce that following extensive and successful trials, Fugro Chance in Houston, Texas and Lafayette, Louisiana have purchased and rented a number of Coda Octopus real-time patented sonars, the Echoscope®, which have now been delivered. Details of some of the trials can be found at: http://shar.es/vu2Nt.
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This is a pivotal sale for the Echoscope®, marking recognition by Fugro Chance Inc. of the significant return on investment that can be gained from the successful utilization of this state of the art technology, the Echoscope®. Fugro Chance has many clients in the offshore drilling industry in the Gulf of Mexico and elsewhere, with complex and difficult requests for surveying services.
The dual frequency Echoscope®, with a number of recent enhancements, has proven to be invaluable in a range of complex operations undertaken by Fugro Chance, due to its real time 3D imaging capabilities which allow users to see their environment even in zero visibility conditions along with our newly enhanced software which includes a patented method of producing a real-time 3D super-detailed image with very sharp edges and intelligently discarding "noise" in the image produced by passing fish or floating debris. This makes it much easier for operators to make real time decisions in live and often complex operations.
Tony Gray, Manager for Data Management, Marine Construction Survey for Fugro Chance, said, "We recently used the Echoscope® 3D sonar on the installation and tie-in of a subsea structure. Whenever you are installing a very heavy piece of equipment adjacent to an existing pipeline that is live, there is a tremendous amount of risk. A device like the Echoscope® with the capability to give us real time visualization of these environments is indispensable to mitigate risks of inaccuracies. This unique next generation tool gives us significant productivity and service level gains for our operations."
Blair Cunningham, our President of Technology, said, "We have been working closely with Fugro Chance for some time and it is fantastic to see them adopting the Echoscope® and achieving such great operational successes. The results and improvement to real-time situational awareness in the rugged subsea Inspection, Repair and Maintenance environment and immediate real-time 3D high quality images even in zero visibility conditions, speak for themselves. We continue to improve and enhance the Echoscope® so it will substantially improve an organization's safety and efficiency."
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