GeoResonance said that it had handed over its report detailing the discovery of what is "believed to be the wreckage of flight MH370", including its location, to Malaysia Airlines (MAS), the Malaysian High Commission in Canberra and the Australian authorities.
However, the company expressed that it was surprised at the lack of response from the authorities.
“This may be due to a lack of understanding of the Company’s technological capabilities, or the JACC is extremely busy, or the belief that the current search in the Southern Indian Ocean is the only plausible location of the wreckage,” said GeoResonance in a statement issued on Tuesday.
GeoResonance said that the search was carried out using proven technology that had been successfully applied to locate submersed structures, ships, munitions and aircraft – including instances where objects buried under layers of silt.
The same technology, it said, is being used with great success in the mining exploration industry.
'Not to seek publicity'
In the statement, GeoResonance explained that the revelation by the company on Monday was not to seek publicity but to simply to bring the results of their findings to the authorities.
GeoResonance said it it had the “moral obligation to help bring closure to the families of the 239 passengers and crew of board flight MH370 by releasing the findings, so the authorities can investigate.”
The company said it had commenced the search at the Bay of Bengal before the search and rescue efforts for the Boeing 777-200ER had shifted to the southern Indian Ocean and had found what they believe is a commercial aircraft.
The operations of the company, involving 23 researchers, five professors and 12 PhD holders, was done “to help the families of the missing passengers and crew” as the company claimed it “has the technology capable of the task”.
The wreckage was found approximately 190km south of Bangladesh in the Bay of Bengal sitting about 1,000 to 1,100 metres from the surface.
'Not declaring that this is MH370'
“The company is not declaring this is MH370, however it should be investigated,” said the statement.
GeoResonance’s search had used imagery taken on March 10, 2014, and was conducted in four zones; north and northwest of Malaysia, before it detected an “anomaly” in the Bay of Bengal. Compared with images taken on March 5, it concluded that the anomaly had appeared between March 5 to March 10.
GeoResonance’s search was conducted in four zones. -GeoResonance Pty Ltd
The company said that the location was first passed to MAS and the embassies in Malaysia and Australia on March 31 - 24 days after MH370 vanished and about a week before the black box batteries expired. The same information was passed to JACC on April 4 before the complete report was given to all parties on April 15.
The multispectral imagery of the location taken by GeoResonance. -GeoResonance Pty Ltd
The MH370 plane which went missing on March 8 took off from Kuala Lumpur International Airport (KLIA) heading to Beijing, China. It was then traced to have turned back not more than an hour later and the last time it was detected by radar was about 320 kilometres North West of Penang at about 2.15am.
The search efforts which was first focused in the South China Sea was then expanded to the Straits of Malacca. On March 17, the multinational search efforts of the tragic flight was then moved to the Indian Ocean.
Seven days after that, on March 24, Prime Minister Datuk Seri Najib Tun Razak announced that based on satellite information, the lead investigators had "concluded that MH370 flew along the southern corridor, and that its last position was in the middle of the Indian Ocean, west of Perth."
Malaysia has stressed that it would continue efforts to find the missing plane.
Authorities 'skeptical' over find
In a statement released to the press on Tuesday, Malaysian Acting Transport Minister Datuk Seri Hishammuddin Hussein confirmed that officials were looking into the Australian company's claim.
A U.S. official with knowledge of the investigation told CBS News on Tuesday that they were still in the early stages of gathering information about GeoResonance's claim, but they were "very skeptical" it would lead to anything, given all the data that investigators have been working with points to the southern Indian Ocean.