Latest news with #sonar
Yahoo
3 days ago
- Business
- Yahoo
Andrenam, A SpaceX Alumni-Founded Startup, Raises $10 Million in 36 Hours
Andrenam, a startup that uses AI to analyze sonar data from undersea environments, said Monday it raised $10 million in a seed round. The seed round, which was led by First Round Capital with participation from Also Capital, Long Journey, Homebrew, the Colorado School of Mines Venture Fund, and others, closed in just 36 hours. The speed at which the venture raised the money proves just how excited tech leaders are about this new form of defensive innovation, Business Insider says. Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Peter Thiel turned $1,700 into $5 billion—now accredited investors are eyeing this software company with similar breakout potential. Learn how you can Andrenam was founded in 2024 by Matej Cernosek, a former SpaceX engineer, and Alex Chu, a former software engineer at real estate platform Qualia. "Our vision is to secure the oceans. We're doing that by building a distributed sensing network — a sonar mesh,' Cernosek told Business Insider. Sonar equipment has long been used to map the ocean and maritime threats, but thus far, the data processing has been done manually. "It's been people in these shacks that have headphones on, looking at a fuzzy screen and analyzing data coming to them in mass,' Cernosek told Business Insider. "We really want to vertically integrate the solution." Up to this point, Andrenam has been purchasing existing hydrophones and pairing them with its new software. However, its ultimate goal is to build its own buoys equipped with its unique technology, which will help lower costs. Trending: Maximize saving for your retirement and cut down on taxes: . To do this, the company intends to grow its current eight-person team, comprised of engineers from SpaceX, Palantir (NASDAQ:PLTR), Anduril, and Saronic, into a 16-person unit. More manpower will allow it to develop the machine-learning-powered software more quickly. Meka Asonye, a partner at First Round Capital, told Business Insider that after seeing Andrenam's pitch deck, he hopped on a flight to meet with the team that same weekend. "Oftentimes these early-stage companies are drawing things on a napkin, and they're years and years away from being ready,' he said. 'The Andrenam team is actually deploying stuff off the coast of California, and the technology already works.'Investors like Asonye are drawn to defense tech companies like Andrenam that have potential for both private and public sector customers, Business Insider said. For Cernosek, the motivation to build a defense tech company is much more personal. His family immigrated from former Czechoslovakia during communist rule, finding a better life in the U.S. "We live in the best country in the world, and this country has done very well for my family — my parents came here with $60 in their pocket,' he said. 'I want to build a generational company that will have a massive impact for the United States.' Read Next: Become a futures trading pro, without spending any money – Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? PALANTIR TECHNOLOGIES (PLTR): Free Stock Analysis Report This article Andrenam, A SpaceX Alumni-Founded Startup, Raises $10 Million in 36 Hours originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
6 days ago
- Science
- Yahoo
Mysterious Two-Mile Wide Dome Slithers in Pacific Ocean
Something strange is lurking on the seafloor. Off the coast of Washington, deep in the Pacific Ocean, a dome-shaped object has been spotted on Google Earth. The unknown entity is an estimated two miles wide, appears circular in shape, and it's moving… leaving behind a snake-like trail. Wanna see for yourself? Check it out at 49°50'43.0'N 140°13'21.0'W. Conspiracy theorists and obsessively online individuals have jumped on the case, exposing the mystery, speculating wildly as to what it might be (aliens! Godzilla!), and following its movements. One commenter, however, took a different track than the tin foil hat community. Instead, they offered a more plausible explanation: 'You're not looking at a crawling dome. You're looking at a low-res sonar stitch glitch on Google Earth's bathymetric layer. What you're calling a 2-mile sea creature is just cartographic noise from overlapping survey lines and interpolation gaps.'This is what happens when someone opens Google Earth, sees a shadow, and decides they're Deep Sea Dora the Explorer with zero understanding of how seafloor mapping works. These aren't alien trails. They're digital potholes from outdated sonar passes.'Recently, a similar situation involving a strange object observed on Google Earth underwater caused a stir. That time, the perceived anomaly was off the coast of Malibu. It showed Sycamore Knoll, a submerged topographical feature, which conspiracy theorists ventured that it could be a covert military base or, of course, aliens. Then, adding to the mystery, it disappeared from Google. As for this new anomaly stoking speculation, there's been no certifiable explanation yet. Is it a glitch in Google Earth's mapping technology? Or something more sci-fi? Commence speculation. Mysterious Two-Mile Wide Dome Slithers in Pacific Ocean first appeared on Surfer on Jun 16, 2025
Yahoo
6 days ago
- Business
- Yahoo
Coda Octopus Group Reports Fiscal Second Quarter 2025 Financial Results
ORLANDO, FL, June 16, 2025 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. ('CODA' or the 'Company') (Nasdaq: CODA) a global market leader in real-time 4D/5D/6D imaging sonar technology for real-time subsea intelligence and cutting-edge diving technology, today reported its unaudited financial results for its fiscal second quarter ended April 30, 2025 (SQ2025). Annmarie Gayle, CODA's Chairman and CEO, commented: 'I am pleased with our overall results of operations in SQ2025 especially the increase in revenue by 31.8%. Despite the fluid global policy setting environment, we continue to invest in our growth strategy and have made good progress under the DAVD Program. In the SQ2025 we received orders for DAVD tethered system having a contract value of $1.53m. These new DAVD systems will be distributed to additional commands thereby increasing the user base to around 12 Navy Commands. We believe that this will propel the DAVD's broader adoption. We are also pleased to see that the continued customer adoption model under the DAVD Program includes the Echoscope® real time 3D Volumetric Imaging Sonar, paving the way for long tail recurring revenue under this program. Looking forward to other key milestone, during our third fiscal quarter 2025, we expect to deliver 16 DAVD untethered system (DUS) for integration into the MK16 Underwater Breathing Apparatus (UBA) system for SPECWAR and EOD applications. We believe this to be the pre-cursor to broader adoption once the system evaluation is completed . The DUS is the largest addressable market for the DAVD technology. For example, 75% of the U.S. Navy's 4,000 active divers, use Full-Face Mask untethered systems, which aligns with the DUS solution. Similarly, the majority of Public Safety and Law Enforcement divers in the U.S.—an estimated 10,000 divers—use the same Full-Face mask dive systems. As mentioned previously, the DAVD technology is the subject of various evaluation programs. Recent assessment as to the state of readiness of the technology from several major defense field trials on the DAVD confirms its its effectiveness in dive operations. The report also emphasized the benefits and critical nature of combining the DAVD with Echoscope in low visibility environments – again giving us good insight that the full-scale adoption by user groups is likely to include Echoscope, thus expanding the opportunities for the Company. As a result, in this year alone, we have 5 DAVD related development projects where various other sensors are being integrated into the DAVD to ensure that all US Defense sensors used by various missions are compatible with the DAVD. We believe we have created the DAVD solution ecosystem which is well positioned to serve the global defense and commercial diving market. The Echoscope® was part of the ongoing assessment for the defense market and this report concluded that this technology represents a notable improvement over existing solutions and offers a new capability for detailed underwater imaging and object detection. The numbers shown below have been rounded to one decimal point, unless two decimal points are required for clarity. The full SQ2025 financials can be found in CODA's Form 10-Q filed with the SEC on June 16, 2025. Total revenue was approximately $7.0 million compared to $5.3 million in SQ2024, representing an increase of 31.8%. Revenues from our core business (Marine Technology Business) were $3.9 million compared to $3.5 million in SQ2024, representing a 10.0% increase. Revenues from our Marine Engineering Business were $1.84 million compared to $1.80 million in SQ2024, representing a 2.3% increase. Revenues from the Acoustics Sensors and Material segment were $1.3 million in SQ2025 (no prior comparative data is available as this business unit was acquired on October 29, 2024). Gross profit was $4.5 million compared to $3.7 million in SQ2024. Gross margin was 64.1% compared to 70.2% in SQ2024, reflecting lower gross profit margins from our core business in conjunction with the mix and geography of sales reported in the period. Operating income was $1.1 million in SQ2025 compared to $1.4 million in SQ2024, a reduction of 19.5%. Operating margin was 15.5% compared to 25.4% in SQ2024, driven by the increase in Selling, General and Administrative costs and the addition of the Acoustics Sensor and Material Business. Pre-tax income was approximately $1.3 million in SQ2025 compared to $1.6 million in SQ2024, representing a decrease of 22.9%. Net income after taxes was $0.9 million in SQ2025 compared to $1.4 million in SQ2024, a decrease of 35.8%. Diluted earnings per share in SQ2025 was $0.08 compared to $0.13 in SQ2024. Pre-tax income as a percentage of revenues for SQ2025 was approximately 18.0% compared to 30.8% in SQ2024. Research and Development expenditures for SQ2025 were approximately $0.7 million, an increase of 27.2%, compared to approximately $0.5 million in SQ2024. SG&A in SQ2025 was approximately $2.7 million, an increase of 47.4% over $1.8 million in SQ2024. The income statement comparisons to the corresponding period last year (SQ2024) do not include the Acoustics Sensors and Materials segment. Our cash balance at the end of SQ2025 of $24.5 million represents an increase of $2.0 million over October 31, 2024, when this figure was $22.5 million. Annmarie Gayle, CODA's Chairman and CEO, commented: 'Despite the uncertain global policy environment, I am pleased with our overall financial results in our SQ2025 and the diversification of our revenue structure. In our SQ205 all business units increased revenue. Our core business, the Marine Technology Business, sells its products and solutions worldwide and in the SQ2025, we saw a 65.5% increase in equipment sales which were $3,319,322 compared to $2,005,128 in the comparable SQ2024 period. However, we also saw an underutilization of our rental assets, which led to rental revenue decreasing by 75.9% and which were $168,791 compared to $699,664 in the comparable SQ2024 period, reflecting the reduction in offshore renewable projects as a result of the change in U.S. Administration energy policy. Notwithstanding the change in the U.S policy on renewables, we believe that its new policy on prioritizing domestic energy production of Oil & Gas (O&G) favors our products and solutions. We further believe that the transition to O&G will in the foreseeable future offset any reduction of revenue from US offshore renewables which we may experience. Furthermore, a key part of our strategy as a Group relies on Defense spending. Defense budgets are set to increase in Europe and the United Kingdom, which favors our business and, in the SQ2025 we saw an increase in the pipeline of opportunities both in the U.S and the UK. Of note, we also saw opportunities to work directly with the U.S. Department of Defense (as opposed to through Prime Defense Contractors), which, in itself, is expected to create new opportunities . The Company's full financial results, including its results for the SQ2025, are available at Conference Call CODA will host a conference call today, June 16, 2025, at 10:00 a.m. Eastern Time (7:00 a.m. Pacific Time) to discuss its results for the fiscal quarter ended April 30, 2025. CODA management will provide prepared remarks, followed by a question-and-answer period. Date: Monday, June 16, 2025 Time: 10:00 a.m. Eastern time (7:00 a.m. Pacific time) U.S. dial-in numbers: 1-877-451-6152 or 1-201-389-0879 International number: 1-201-389-0879 Conference ID: 13753929 The conference call will broadcast live and be available for replay here. Persons interested in attending are required to call the conference telephone number approximately 10 minutes before the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please press *0. A replay of the call will be available after approximately 2:00 p.m. Eastern time on the same day through June 30, 2025 at 11:59 p.m. Telephone replay numbers: 1-844-512-2921 or 1-412-317-6671 International replay number: 1-412-317-6671 Access ID: 13753929 About Coda Octopus Group, Inc. The Company, founded in 1994, is an established supplier to the underwater/subsea market. It supplies a range of hardware and software solutions to this market which includes key proprietary real time 4D/5D/6D imaging sonars, marketed under the name Echoscope® and Echoscope PIPE® addressing the underwater imaging sensor market along with new generation diving technology, Diver Augmented Vision Display (DAVD) system. The Company's Echoscope PIPE® sonar generates real-time 3D/4D/5D images of moving objects underwater including in zero visibility water conditions. Echoscope technology is used globally for numerous applications in both the commercial offshore market and defense underwater markets. Applications for the Echoscope® technology include complex mapping underwater, subsea intervention, subsea asset placements, salvage and recovery, search and rescue, offshore renewables cable installations and surveys, marine construction, subsea infrastructure installation, mining applications, robotics (3D Perception and Depth), breakwater construction and monitoring, decommissioning, diving applications and port and harbor security. The recently launched new generation of diving technology, DAVD, has the potential to change the way global diving operations are performed (both in the Defense and Commercial space) because it is a fully integrated singular system for topside control and fully connected diver HUD system, allowing both the topside and diver to share a range of critical information and visualize the same underwater scene. Furthermore, the DAVD integrates the Company's sonar technology, which allows dive operations to be performed in zero visibility conditions, a common problem that besets these operations. The Company recently acquired Precision Acoustics Limited, an acoustics sensor and materials business. This Company is a recognized leader in the ultrasound and acoustic measurement field. Specializing in acoustic hydrophone design and innovative acoustic materials, they provide a comprehensive range of products and solutions, with a primary focus on medical imaging and Non-Destructive Testing (NDT). NDT is used to validate the viability of structures such as aircraft, ship hulls, wellheads and other subsea structures. Their expertise extends to working closely with national and global standard-setting bodies (such as the National Physical Laboratory of the UK), contributing to the establishment of the primary measurement standards in the industry. The Company also includes two discrete Defense engineering businesses Coda Octopus Martech Ltd (UK based) and Coda Octopus Colmek, Inc. (U.S. based) whose primary business model is to supply sub-assemblies into broader mission critical programs in the capacity of sub-contractors to the Prime Defense Contractors. Their scope of supply under these programs typically includes concept, design, prototype, manufacturing, and post-sale support. This gives them the opportunity to have repeat orders for these sub-assemblies through the life of these programs. For further information, please visit or contact us at coda@ Forward Looking Statements This press release contains forward-looking statements concerning Coda Octopus Group, Inc. within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this document, the words 'may', 'would', 'could', 'will', 'intend', 'plan', 'anticipate', 'believe', 'estimate', 'expect', 'assume' and similar expressions are intended to identify forward‐looking statements. Those forward-looking statements include, without limitation, statements regarding the Company's expectations for the growth of the Company's operations and revenue. Such statements are subject to certain risks and uncertainties, and actual circumstances, events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include, but are not limited to, restrictions on our business operations due to the Pandemic, customer demand for our products and market prices; the outcome of our ongoing research and development efforts relating to our products including our patented real time 3D solutions; our ability to develop the sales force required to achieve our development and other examples of forward looking statement set forth in our Annual Report on Form 10-K for the year ended October 31, 2024, filed with the Securities and Exchange Commission on January 29, 2025, and the subsequently filed 10-Qs and 8-Ks. Coda Octopus Group, Inc. does not undertake and specifically disclaims any obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur, unless required by law. Contact: Coda Octopus Group, Inc. 1- 407-735 2406 CODA OCTOPUS GROUP, Balance SheetsApril 30, 2025 and October 31, 2024 2025 2024 Unaudited ASSETS CURRENT ASSETS Cash and Cash Equivalents $ 24,462,301 $ 22,479,072 Accounts Receivable, net 4,720,117 3,493,463 Inventory 13,527,744 13,975,529 Unbilled Receivables 2,370,530 1,657,827 Prepaid Expenses 842,252 537,289 Other Current Assets 393,273 838,835 Total Current Assets 46,316,217 42,982,015 FIXED ASSETS Property and Equipment, net 6,801,586 6,822,990 Right of Use Assets 403,228 413,171 Total Fixed Assets 7,204,814 7,236,161 OTHER ASSETS Goodwill 3,639,334 3,639,334 Intangible Assets, net 3,429,779 3,687,034 Total Other Assets 7,069,113 7,326,368 Total Assets $ 60,590,144 $ 57,544,544 CODA OCTOPUS GROUP, Balance Sheets (Continued)April 30, 2025 and October 31, 2024 2025 2024 Unaudited LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts Payable $ 882,988 $ 1,034,488 Current portion of operating lease liabilities 35,863 32,298 Accrued Expenses and Other Current Liabilities 1,450,573 1,604,596 Deferred Revenue 1,877,350 1,225,634 Total Current Liabilities 4,246,774 3,897,016 LONG TERM LIABILITIES Deferred Tax Liability, net 41,855 82,011 Non-current operating lease liabilities 385,819 380,873 Deferred Revenue, less current portion 27,199 56,121 Total Long Term Liabilities 454,873 519,005 Total Liabilities 4,701,647 4,416,021 Commitments and contingencies STOCKHOLDERS' EQUITY Common Stock, $.001 par value; 150,000,000 shares authorized, 11,232,514 issued and outstanding as of April 30, 2025 and 11,195,487 shares issued and outstanding as of October 31, 2024 11,233 11,195 Preferred Stock $.001 par value; 5,000,000 shares authorized, zero issued and outstanding as of April 30, 2025 and October 31, 2024 - - Treasury Stock (61,933 ) (61,933 ) Additional Paid-in Capital 63,262,929 63,096,583 Accumulated Other Comprehensive Loss (1,738,978 ) (2,510,831 ) Accumulated Deficit (5,584,754 ) (7,406,491 ) Total Stockholders' Equity 55,888,497 53,128,523 Total Liabilities and Stockholders' Equity $ 60,590,144 $ 57,544,544 CODA OCTOPUS GROUP, Statements of Income and Comprehensive Income(Unaudited) Three Months Ended April 30, Six Months Ended April 30, 2025 2024 2025 2024 Net Revenues $ 7,017,459 $ 5,323,178 $ 12,227,174 $ 9,784,369 Cost of Revenues 2,520,178 1,584,744 4,301,423 2,959,199 Gross Profit 4,497,281 3,738,434 7,925,751 6,825,170 OPERATING EXPENSES Research & Development 689,995 542,481 1,233,121 1,028,458 Selling, General & Administrative 2,719,602 1,845,570 4,942,924 3,890,945 Total Operating Expenses 3,409,597 2,388,051 6,176,045 4,919,403 INCOME FROM OPERATIONS 1,087,684 1,350,383 1,749,706 1,905,767 OTHER INCOME Other Income (Expense) 32,332 (2,636 ) 110,999 32,384 Interest Income 145,594 293,468 339,765 486,008 Total Other Income 177,926 290,832 450,764 518,392 INCOME BEFORE INCOME TAX EXPENSE 1,265,610 1,641,215 2,200,470 2,424,159 INCOME TAX (EXPENSE) BENEFIT Current Tax (Expense) (374,701 ) (191,073 ) (423,575 ) (157,058 ) Deferred Tax Benefit (Expense) 17,853 (34,904 ) 44,842 (221,975 ) Total Income Tax (Expense) (356,848 ) (225,977 ) (378,733 ) (379,033 ) NET INCOME $ 908,762 $ 1,415,238 $ 1,821,737 $ 2,045,126 NET INCOME PER SHARE: Basic $ 0.08 $ 0.13 $ 0.16 $ 0.18 Diluted $ 0.08 $ 0.13 $ 0.16 $ 0.18 WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: Basic 11,221,080 11,168,493 11,223,528 11,148,565 Diluted 11,306,828 11,288,210 11,309,276 11,268,282 COMPREHENSIVE INCOME, net of tax $ 908,762 $ 1,415,238 $ 1,821,737 $ 2,045,126 Foreign Currency Translation Adjustment 1,800,439 (437,683 ) 771,853 591,897 Total Other Comprehensive Income (Loss) $ 1,800,439 $ (437,683 ) $ 771,853 $ 591,897 COMPREHENSIVE INCOME $ 2,709,201 $ 977,555 $ 2,593,590 $ 2,637,023 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Irish Times
15-06-2025
- Business
- Irish Times
New €60m sonar system aims to protect transatlantic cables, gas pipelines in Irish waters
A €60 million investment will see Ireland acquire a sonar system to protect subsea communication cables and gas pipelines within a zone extending 370km from the western coast. The new system, the first of its kind in Ireland, is being purchased by the Defence Forces to monitor the subsea domain within the Irish Exclusive Economic Zone (EEZ), particularly around subsea communication cables and gas pipelines. The Defence Forces announced on Sunday it has signed a contract with French security and defence contractor Thales and is expected to be completed by 2027. The towed array sonar works by being dropped from a naval vessel into the sea. It can monitor enemy submarines and spy ships interfering with undersea cables. READ MORE Some 75 per cent of transatlantic cables go through or close to Ireland. About $10 trillion in financial transactions go through the cables on a daily basis, according to the European Subsea Cable Association. The State's EEZ extends to 370km (200 nautical miles) offshore around Ireland. It is an area more than 10 times the size of the State. Ireland has faced sustained international criticism for not investing in defence spending, particularly as the Naval Service has only eight ships, of which just four are available for operations. Ireland has no submarines. Former Defence Forces chief of staff Mark Mellett warned earlier this week that Ireland had to stop 'freeriding' on security gifted by others. He said there is imperative that the State protects undersea cables. He said the cables are the 'arteries of our economic success'. 'Trillions of euros of trade are piped through all of that. If that infrastructure was to collapse, business would collapse. State security is inextricably linked with economic security,' he told a debate on neutrality hosted by the West Cork History Festival. Russia has been suspected of targeting undersea cables in the Baltic Sea. Eleven undersea cables have been taken out since 2023, according to Finnish intelligence. The sonar system investment is part of the Government's move to increase Defence Forces capability. The Department of Defence has received a capital allocation of €215 million in Budget 2025, and is set to receive a capital allocation of €220 million for 2026. Minister for Defence Simon Harris said the sonar system will be 'state of the art' and will contribute to protecting critical underwater infrastructure. 'This is one of many strands of work being progressed to address the threats in our maritime domain. It will serve as an important first step ... with future projects further enhancing this capability,' he said. Defence Forces Chief of Staff Lieut Gen Rossa Mulcahy said the towed array sonar 'will greatly enhance the Defence Forces' situational awareness across domains' and is a 'welcome advancement' in the forces' transformation. An enhanced maritime picture is important for detecting illegal activities such as illegal fishing, drug trafficking, terrorism and espionage, he said.
BreakingNews.ie
15-06-2025
- Business
- BreakingNews.ie
Government signs new sonar contract to enhance maritime security
The Government has signed a multimillion-euro contract with Thales DMS France for the provision of towed sonar capability. The sonar, the first of its kind in Ireland, will be used for monitoring and surveillance in the subsea domain, enhancing maritime security. Advertisement The new sonar capability will be used on Irish Naval vessels to monitor activities in the Irish Exclusive Economic Zone (EEZ) and in the vicinity of subsea communication cables or gas pipelines. Tánaiste Simon Harris said: 'This significant investment in sonar capability will provide the Naval Service with a state-of-the-art sonar system, which will enable them to build a picture of our subsea, thus contributing to the important task of protecting our critical underwater infrastructure. 'This is one of many strands of work being progressed to address the threats in our maritime domain. 'It will serve as an important first step in creating a 'pattern of life' in the subsea domain, with future projects further enhancing this capability. Advertisement 'This investment will contribute to the Programme for Government commitment to focus on the protection of critical undersea. 'It also responds in part to the need identified in the report of the Commission on the Defence Forces, under Level of Ambition 2, for a number of maritime capabilities including the enhancement of sub-surface capabilities to monitor subsea cables.' Mr Harris added: 'My department is also progressing the development of the country's first National Maritime Security Strategy and a public consultation on this new strategy will be launched in the coming days.' Chief of Staff of the Defence Forces Lieutenant General Rossa Mulcahy said it would enable Naval ships to monitor the subsurface space within the maritime area. Advertisement He added: 'This capability will greatly enhance the Defence Forces' situational awareness across domains and is a welcome advancement in the continued development and transformation of the Oglaigh na hEireann.' 'While the Naval Service and Air Corps regularly monitor activity on Irish seas, this new acquisition will enhance awareness below the surface, contributing to the overall maritime picture available to Naval Service and the wider Defence Forces. 'An enhanced maritime picture is also important for detecting illegal activities such as illegal fishing, drug trafficking, terrorism and espionage.' It is anticipated that this new capability will be available to the Naval Service in 2027. Advertisement The Government has said maritime security is a priority and has undertaken a number of initiatives including the Department of Defence taking the lead in the co-ordination and development of Ireland's first National Maritime Security Strategy. It has also recently approved the Defence Forces' participation in the Common Information Sharing Environment, an EU initiative which enables structured and secure information-sharing among EU maritime authorities, both civil and military, allowing for more effective operations at sea amid new and evolving maritime threats.
