$SFRX Long with price target of 2020 high 0.0179¢
Seafarer Exploration’s SeaSearcher drone is set to take the treasure-hunting world by storm
The current SeaSearcher prototype, getting put to the test in Florida
As any frequent viewer of the Discovery Channel will know, the search for sunken treasure typically involves sifting through the sand, just hoping to unearth gold or silver. The SeaSearcher underwater drone, however, may soon point clients right to the booty.
Currently in functioning prototype form, the battery-electric SeaSearcher is being developed by Florida startup Seafarer Exploration. It was designed by engineer Tim Reynolds, CEO of partnering company Wild Manta.
The vehicle's big claim to fame is that it can detect – and differentiate between – various types of metal buried up to 10 meters (33 ft) beneath the seabed, creating and relaying a 3D digital map of their location.
"I've been given the rights to salvage old Spanish and other types of wrecks along the coastline, here in Florida," Seafarer CEO Kyle Kennedy told us. "All these ships used to dock in Havana, they would load up with gold from the New World, and head up the Gulf Stream before heading across the ocean. Storms would sink them, on their routes. There's over a thousand of these shipwrecks, but the problem is, there's never been equipment that would show you where gold and silver was, under the sand."
The exact means by which the SeaSearcher does allegedly show you is a closely guarded trade secret. However, we have been told that the drone can descend to depths of up to 100 m (328 ft), then cruise about 1 m (3 ft) above the seafloor, emitting electromagnetic, RF and acoustic waves of varying modulation formats as it does so. Utilizing machine-learning-based algorithms running in real time, it analyzes the manner in which any buried metal objects are "energized" by those waves. As a result, the vehicle is reportedly able to determine the depth at which those objects are located, along with the type of metal they're made of.
The SeaSearcher's operator interface displays a 3D map showing the location of buried metal objects
Seafarer Exploration
In a field test recently conducted at a Florida wreck site, the SeaSeacher didn't find any gold or silver, but it is claimed to have identified brass, iron, copper, aluminum, lead and stainless steel items.
The geographical location of the detected metals is determined in two ways. First of all, since radio waves don't travel well through the water, the SeaSearcher tows a floating buoy along the surface above itself. The GPS coordinates of that buoy are recorded and transmitted to the crew, aboard a nearby support boat from which the SeaSearcher was launched.
That said, strong currents or rough weather can cause the buoy to end up a fair distance away from the drone – after all, the cable by which it's towed has to contain some slack, meaning it doesn't go straight down to the SeaSearcher. For that reason, a triangulation system developed by the US Navy can also be used. It incorporates a submerged platform which hangs over the side of the support boat, where it sends and receives sonar pings to and from the drone.
A rendering of the 2nd-generation SeaSearcher, which will be optimized for use in a towfish configuration
Seafarer Exploration
The SeaSearcher can be used as an ROV (remotely operated vehicle), an AUV (autonomous underwater vehicle) that follows a preprogrammed search pattern, or in a towfish setup, wherein it's towed behind a boat.
Since Seafarer doesn't want competitors getting their hands on the technology and figuring out precisely how it works, plans call for the company to instead offer the SeaSearcher and an operator as a service to treasure-hunting clients. Kennedy believes that the service should be available within six months. In the meantime, he hopes to raise funds by using the drone to discover some sunken treasure of his own.
"The world doesn't believe that this device works, right now," he said. "As soon as we prove that it works on treasure, we'll do some white papers and independent tests and all that good stuff. But right now, all I need it to do is show me some massive amounts of gold and silver, and then I don't really care what the world thinks."
Learn More Here: newatlas.com/drones/...asure-hunting-drone/
The current SeaSearcher prototype, getting put to the test in Florida
As any frequent viewer of the Discovery Channel will know, the search for sunken treasure typically involves sifting through the sand, just hoping to unearth gold or silver. The SeaSearcher underwater drone, however, may soon point clients right to the booty.
Currently in functioning prototype form, the battery-electric SeaSearcher is being developed by Florida startup Seafarer Exploration. It was designed by engineer Tim Reynolds, CEO of partnering company Wild Manta.
The vehicle's big claim to fame is that it can detect – and differentiate between – various types of metal buried up to 10 meters (33 ft) beneath the seabed, creating and relaying a 3D digital map of their location.
"I've been given the rights to salvage old Spanish and other types of wrecks along the coastline, here in Florida," Seafarer CEO Kyle Kennedy told us. "All these ships used to dock in Havana, they would load up with gold from the New World, and head up the Gulf Stream before heading across the ocean. Storms would sink them, on their routes. There's over a thousand of these shipwrecks, but the problem is, there's never been equipment that would show you where gold and silver was, under the sand."
The exact means by which the SeaSearcher does allegedly show you is a closely guarded trade secret. However, we have been told that the drone can descend to depths of up to 100 m (328 ft), then cruise about 1 m (3 ft) above the seafloor, emitting electromagnetic, RF and acoustic waves of varying modulation formats as it does so. Utilizing machine-learning-based algorithms running in real time, it analyzes the manner in which any buried metal objects are "energized" by those waves. As a result, the vehicle is reportedly able to determine the depth at which those objects are located, along with the type of metal they're made of.
The SeaSearcher's operator interface displays a 3D map showing the location of buried metal objects
Seafarer Exploration
In a field test recently conducted at a Florida wreck site, the SeaSeacher didn't find any gold or silver, but it is claimed to have identified brass, iron, copper, aluminum, lead and stainless steel items.
The geographical location of the detected metals is determined in two ways. First of all, since radio waves don't travel well through the water, the SeaSearcher tows a floating buoy along the surface above itself. The GPS coordinates of that buoy are recorded and transmitted to the crew, aboard a nearby support boat from which the SeaSearcher was launched.
That said, strong currents or rough weather can cause the buoy to end up a fair distance away from the drone – after all, the cable by which it's towed has to contain some slack, meaning it doesn't go straight down to the SeaSearcher. For that reason, a triangulation system developed by the US Navy can also be used. It incorporates a submerged platform which hangs over the side of the support boat, where it sends and receives sonar pings to and from the drone.
A rendering of the 2nd-generation SeaSearcher, which will be optimized for use in a towfish configuration
Seafarer Exploration
The SeaSearcher can be used as an ROV (remotely operated vehicle), an AUV (autonomous underwater vehicle) that follows a preprogrammed search pattern, or in a towfish setup, wherein it's towed behind a boat.
Since Seafarer doesn't want competitors getting their hands on the technology and figuring out precisely how it works, plans call for the company to instead offer the SeaSearcher and an operator as a service to treasure-hunting clients. Kennedy believes that the service should be available within six months. In the meantime, he hopes to raise funds by using the drone to discover some sunken treasure of his own.
"The world doesn't believe that this device works, right now," he said. "As soon as we prove that it works on treasure, we'll do some white papers and independent tests and all that good stuff. But right now, all I need it to do is show me some massive amounts of gold and silver, and then I don't really care what the world thinks."
Learn More Here: newatlas.com/drones/...asure-hunting-drone/
Trade active:
SFRX is holding strong above the monthly open after the November 23rd Juno Beach FDEP permit announcement. The final U.S. Army Corps of Engineers permit needed before Seafarer Exploration can begin working on the site. More here: twitter.com/Seafarer.../1595526802822291480
Trade active:
UPDATE: To kick off the NEW YEAR $SFRX CEO and Founder Kyle Kennedy spoke about what to expect going into 2023 including the status of the highly anticipated JUNO BEACH site, which based on their archaeological research, is looking extremely promising! www.youtube.com/watch?v=WLynrGcq...
Trade active:
Interview with SFRX investor, Peter Ensio. FIRE!
youtu.be/PyC3JM8s9-w
youtu.be/PyC3JM8s9-w
Trade active:
Max Thyssen is a full-time angel investor focused on tech-enabled start-ups since 2007. Max's hands-on approach with Seafarer has helped define goals and strategy and build out their funnel of exploration opportunities. As an expert in the start-up space with many successful companies in his portfolio, Max has leveraged his experience and resources to help accelerate Seafarer to the exciting tech-propelled company they are today. This interview is FIRE!
www.youtube.com/watch?v=A8Vstih5...
www.youtube.com/watch?v=A8Vstih5...
Trade active:
Milestone Alert: Seafarer Exploration secures a pivotal USACE Permit for the Juno Beach site, poised to recover historic shipwreck artifacts with exclusive rights. With Admiralty in Rem claim & advanced tech like the SeaSearcher, they're setting new standards in underwater archaeology and are ready to unveil maritime history & enhance shareholder value!
Seafarer’s Milestone: USACE Permit for Juno Site to Recover Historic Shipwreck Artifacts
16Jan
Seafarer also holds an active, previously issued, Admiralty in Rem claim by the United States District Court giving Seafarer true, sole and exclusive ownership of the unidentified shipwreck at Juno Beach.
TAMPA, Fla., Jan. 16, 2024 /PRNewswire/ — Seafarer Exploration Corp (OTCQB: SFRX), an underwater exploration and technology company, today announced the issuance of a fully executed 5-year Letter of Permission dated January 11th, 2024, from the United States Army Corps of Engineers (USACE) for the Juno Beachproject in Juno Beach, Florida. Seafarer is focused on developing infrastructure and technologies necessary to engage in the archaeologically sensitive research, documentation, exploration, recovery, and conservation of historic shipwrecks. The original application was started on August 30th, 2021 and includes an additional Programmatic Agreement (PA). This PA is only required when there is not a permit issued by the State of Florida Division of Historical Resources (DHR) for the associated USACE permit.
Seafarer has also been issued an Admiralty in Rem claim by the United StatesDistrict Court giving Seafarer true, sole, and exclusive ownership of the unidentified shipwreck at Juno Beach. Seafarer has also received the Florida Department of Environmental Protection (FDEP) permit as well as a Sovereign Submerged Lands Cultural Resource Recovery Easement for the site. The combination of all three issuances gives Seafarer the sole, exclusive right to commence full operations at Juno Beach.
“The USACE permit has been one of the most sought after permits in Seafarer’s history. We will finally be able to fully investigate the mysteries surrounding this massive mid 1500s shipwreck,” said Kyle Kennedy, CEO of Seafarer. “We have seasoned underwater archaeologists with proven methodologies and one of a kind equipment, some of which we have developed in house, to handle the unique characteristics and hurdles presented by the Juno Site while we aim to set the bar for professional underwater archeology and recovery. We would like to thank Shawn Zinszer and Linda C. Knoeck of the USACE for their instrumental work in helping us obtain this permit.”
“I am particularly pleased to see the deep dedication Seafarer has for true archaeology, as the unidentified shipwreck at Juno Beach will yield tremendous data for archaeological publications,” said Andrew Owens, a senior underwater archaeologist on the project. “Seafarer has conducted extensive research, built an advanced conservation lab, trained their divers and captains in archaeology, designed specialized equipment and tools, as well as brought in several master’s degree or higher underwater archaeologists over the last few years to help with investigation of the Juno Beach site. I look forward to not only investigating this site, but also other sites in the future.”
Mr. Kennedy continued by saying “While we have had to wait to receive this permit longer than we would have liked, all the permits and issuances are in place so we may begin our archaeologically sensitive investigation and prove the merits of the SeaSearcher that our CTO Tim Reynolds and his team developed. We believe the SeaSearcher and our other proprietary technology, along with our team of professionals and experts will set a new standard to be utilized on the Juno site, along with other sites we’ve identified, which will build our shareholder value and unlock the incredible stories of maritime history.”
Seafarer made remarkable progress in 2023, first by successfully recovering a silver coin from the Juno Beach site, originating from the notable Carlos and Joanna mint. Although the coin is undated, the presence of the Assayer’s mark means it was minted between 1554 and 1572. The coin falls in line with the coins reported in the Master Site File which were found in 1988 by the State Underwater Archaeologist Tommy Gore and recorded by the State Archaeologist Roger Smith.
Additionally, Seafarer has significantly enhanced its team’s expertise and developed the infrastructure necessary to scale operations rapidly to meet growing demand, while also securing a pivotal million-dollar debt financing instrument at a 6% interest rate with a balloon payment structure. This funding ensures Seafarer has the resources to fully support the exploratory and operational activities in Juno Beach and other targeted locations.
Kennedy added, “With all the necessary permits now secured, and with the identification of promising non-ferrous targets by our SeaSearcher technology, we are poised for an exciting year ahead. Our financing position, coupled with two fully operational vessels, an enthusiastic crew, and a team of esteemed archaeologists, positions us to fully mobilize our operations. We are also in the process of exploring several media and business opportunities that promise to enhance our visibility and market presence. As we look forward to the rest of 2024, we are energized by the prospects of our upcoming endeavors and are committed to achieving new levels of success.”
About Seafarer Exploration:
Seafarer Exploration Corp. is a publicly traded underwater exploration and technology company traded under the symbol SFRX. The principal business of the company is to develop the infrastructure and technology necessary to engage in the archaeologically sensitive research, documentation, exploration, recovery, and conservation of historic shipwrecks. The company has secured multiple sites it believes contain historic and valuable shipwrecks. The company will use accepted archaeological methods to properly document, research and recover portions of the wrecks. Seafarer employs scientists and historians and is committed to preserving the cultural and historical significance of every wreck it finds.
Seafarer’s Milestone: USACE Permit for Juno Site to Recover Historic Shipwreck Artifacts
16Jan
Seafarer also holds an active, previously issued, Admiralty in Rem claim by the United States District Court giving Seafarer true, sole and exclusive ownership of the unidentified shipwreck at Juno Beach.
TAMPA, Fla., Jan. 16, 2024 /PRNewswire/ — Seafarer Exploration Corp (OTCQB: SFRX), an underwater exploration and technology company, today announced the issuance of a fully executed 5-year Letter of Permission dated January 11th, 2024, from the United States Army Corps of Engineers (USACE) for the Juno Beachproject in Juno Beach, Florida. Seafarer is focused on developing infrastructure and technologies necessary to engage in the archaeologically sensitive research, documentation, exploration, recovery, and conservation of historic shipwrecks. The original application was started on August 30th, 2021 and includes an additional Programmatic Agreement (PA). This PA is only required when there is not a permit issued by the State of Florida Division of Historical Resources (DHR) for the associated USACE permit.
Seafarer has also been issued an Admiralty in Rem claim by the United StatesDistrict Court giving Seafarer true, sole, and exclusive ownership of the unidentified shipwreck at Juno Beach. Seafarer has also received the Florida Department of Environmental Protection (FDEP) permit as well as a Sovereign Submerged Lands Cultural Resource Recovery Easement for the site. The combination of all three issuances gives Seafarer the sole, exclusive right to commence full operations at Juno Beach.
“The USACE permit has been one of the most sought after permits in Seafarer’s history. We will finally be able to fully investigate the mysteries surrounding this massive mid 1500s shipwreck,” said Kyle Kennedy, CEO of Seafarer. “We have seasoned underwater archaeologists with proven methodologies and one of a kind equipment, some of which we have developed in house, to handle the unique characteristics and hurdles presented by the Juno Site while we aim to set the bar for professional underwater archeology and recovery. We would like to thank Shawn Zinszer and Linda C. Knoeck of the USACE for their instrumental work in helping us obtain this permit.”
“I am particularly pleased to see the deep dedication Seafarer has for true archaeology, as the unidentified shipwreck at Juno Beach will yield tremendous data for archaeological publications,” said Andrew Owens, a senior underwater archaeologist on the project. “Seafarer has conducted extensive research, built an advanced conservation lab, trained their divers and captains in archaeology, designed specialized equipment and tools, as well as brought in several master’s degree or higher underwater archaeologists over the last few years to help with investigation of the Juno Beach site. I look forward to not only investigating this site, but also other sites in the future.”
Mr. Kennedy continued by saying “While we have had to wait to receive this permit longer than we would have liked, all the permits and issuances are in place so we may begin our archaeologically sensitive investigation and prove the merits of the SeaSearcher that our CTO Tim Reynolds and his team developed. We believe the SeaSearcher and our other proprietary technology, along with our team of professionals and experts will set a new standard to be utilized on the Juno site, along with other sites we’ve identified, which will build our shareholder value and unlock the incredible stories of maritime history.”
Seafarer made remarkable progress in 2023, first by successfully recovering a silver coin from the Juno Beach site, originating from the notable Carlos and Joanna mint. Although the coin is undated, the presence of the Assayer’s mark means it was minted between 1554 and 1572. The coin falls in line with the coins reported in the Master Site File which were found in 1988 by the State Underwater Archaeologist Tommy Gore and recorded by the State Archaeologist Roger Smith.
Additionally, Seafarer has significantly enhanced its team’s expertise and developed the infrastructure necessary to scale operations rapidly to meet growing demand, while also securing a pivotal million-dollar debt financing instrument at a 6% interest rate with a balloon payment structure. This funding ensures Seafarer has the resources to fully support the exploratory and operational activities in Juno Beach and other targeted locations.
Kennedy added, “With all the necessary permits now secured, and with the identification of promising non-ferrous targets by our SeaSearcher technology, we are poised for an exciting year ahead. Our financing position, coupled with two fully operational vessels, an enthusiastic crew, and a team of esteemed archaeologists, positions us to fully mobilize our operations. We are also in the process of exploring several media and business opportunities that promise to enhance our visibility and market presence. As we look forward to the rest of 2024, we are energized by the prospects of our upcoming endeavors and are committed to achieving new levels of success.”
About Seafarer Exploration:
Seafarer Exploration Corp. is a publicly traded underwater exploration and technology company traded under the symbol SFRX. The principal business of the company is to develop the infrastructure and technology necessary to engage in the archaeologically sensitive research, documentation, exploration, recovery, and conservation of historic shipwrecks. The company has secured multiple sites it believes contain historic and valuable shipwrecks. The company will use accepted archaeological methods to properly document, research and recover portions of the wrecks. Seafarer employs scientists and historians and is committed to preserving the cultural and historical significance of every wreck it finds.
Comment:
Next price target is .044 and then not much until .20 after that.
Comment:
Company Update from Facebook: We wrapped up the essential prep work and side scan sonar mapping for our underwater exploration site, which is required for good archeology. Next, we will deploy the SeaSearcher to comprehensively scan the previously scanned area with non-ferrous targets and the remaining sections, paving the way for the exciting recovery phase. We are looking forward to seeing the thorough scan and can't wait to get started on the recovery process.
#SFRX #SeafarerExploration #SeaSearcher #Today #OTCMarkets #AI #OTC #Shipwreck #Drone #Archaeology #MachineLearning #ROV #Tech #JunoBeach #StateOfTheArt #OceanResearch #SideScanSonar
#SFRX #SeafarerExploration #SeaSearcher #Today #OTCMarkets #AI #OTC #Shipwreck #Drone #Archaeology #MachineLearning #ROV #Tech #JunoBeach #StateOfTheArt #OceanResearch #SideScanSonar
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