Coda Octopus Group, Inc. designs and manufactures real-time three-dimensional (3D) sonar solutions and other products for sale to the subsea, defense, mining and marine sciences markets. The Company, through its subsidiaries operates two distinct businesses: the Marine Technology Business (Product segment) and the Marine Engineering Business (Service segment). The products sold by its Products segment are used primarily in the underwater construction market, offshore oil and gas, wind energy industry, and in the complex dredging, port security, mining and marine sciences sectors. The Company’s customers include service providers to major oil and gas companies, law enforcement agencies, ports, mining companies, defense companies and universities. The Company supplies its marine engineering business services mainly to prime defense contractors.