Smart Marine Systems Limited, formerly Shark Mitigation Systems Limited, is an Australia-based company engaged in the design and development of shark mitigation and ocean technology. The Company's segments include SAMS and Clever Buoy. The SAMS is a visual deterrent technology. The SAMS technology is focused on the visual systems of large predatory sharks. The Company licenses the SAMS technology to surfing and ocean apparel brands. The Clever Buoy is a shark detection technology and consumer warning system. The Clever Buoy is a near shore shark detection system that utilizes sonar and a software to identify sharks. It provides alerts to beach safety authorities. The Clever Buoy technology has global application in providing beach users and researchers with critical location and environmental information. The Clever Buoy system uses a non-invasive technology solution to create a virtual shark net to detect sharks and alert the appropriate authorities and/or beach users.