The submersible that was reported missing while on a tour of the underwater wreckage of the Titanic is an unorthodox vessel with a relatively unproven history, according to company press materials and experts familiar with underwater vehicles.

News of the vessel's disappearance prompted a flurry of interest in the company OceanGate Expeditions and its deep-sea submersible called the Titan.

The company's founder and CEO, Stockton Rush, who is one of the five people aboard the missing vessel, manned the Titan's first "validation dive" to 4,000 meters in 2018, according to the company. The company then began offering tourists the opportunity to dive to the depths of the Titanic in the following years, selling tickets for the 2023 journey for $250,000.

Here's what we know about how the submersible operates.

-ABC News' Peter Charalambous

A source familiar confirmed to ABC News that there were reports of "banging" that were picked up by sonar in the search area on Tuesday morning, but nothing has yet been found.

The U.S. Coast Guard had said early Wednesday that an aircraft with sonar capability "detected underwater noises in the search area," but remotely operated vehicles were unable to find the origin of the sound.

-ABC News' Luke Barr

Magellan, an international exploration company that digitally mapped the Titanic wreckage last year, said Wednesday that it is "ready to support" the search for the missing submersible and is "fully mobilized to help."

The U.K.-based company told ABC News that it was contacted by the submersible’s operator, OceanGate Expeditions, early Monday and "immediately offered our knowledge of the specific site and also our expertise operating at depth considerably in advance of what is required for this incident."

"We have been working full-time with U.K. and U.S. agencies to secure the necessary air support to move our specialist equipment and support crew," Magellan said in a statement.

When asked for comment about media reports that U.S. authorities have failed to give Magellan the necessary permits to participate in the search, the company told ABC News it "does not not wish to comment on any specific media report."

-ABC News' Emma Ogao

The U.S. Coast Guard announced via Twitter early Wednesday that a Canadian aircraft with sonar capabilities had "detected underwater noises in the search area."

Remotely operated vehicle operations (ROV) were then relocated "in an attempt to explore the origin of the noises," according to the Coast Guard.

"Those ROV searches have yielded negative results but continue," the Coast Guard tweeted.

The United States Coast Guard commander leading the search for a missing submersible off the coast of Newfoundland, Canada, said Tuesday morning that crews in multiple aircraft have flown over an area of the Atlantic Ocean "roughly about the size of Connecticut" while "looking for any signs of surfacing."

"As we continue on with the search, we're expanding our capabilities to be able to search under the water as well," Rear Adm. John Mauger, commander of the First Coast Guard District, told ABC News' Robin Roberts during an interview on "Good Morning America."

A commercial vessel with remotely operated vehicles is now on scene that will allow rescuers to search underwater, according to Mauger.

"This is a complex case," he added. "The Coast Guard doesn't have all the resources to be able to affect this kind of rescue, although this is an area that's within our search zone."

In many cases, Mauger said, the Coast Guard's role is to coordinate all of the assets and technical expertise that can be used in a search, in addition to operating aircraft or ships when necessary.

"In this particular case, we've established a unified command with the United States Navy, with the Canadian Armed Forces, with the Canadian Coast Guard and with the private operator OceanGate Expeditions to make sure that we understand what's needed and deploy all available equipment to the scene that could be used to locate this submersible, whether it's on the surface or down beneath the surface," he said.

Crews have been working "around the clock" to locate the deep-sea vessel since it lost contact with its operator on Sunday morning, according to Mauger.

In the last 24 hours, a Canadian aircraft has been dropping sonar buoys into the water that can pick up sound the submersible may be emitting. Vessels that have the capability to listen with their own sonar equipment are also on scene, according to Mauger.

"If they are making sound, that's certainly one of the ways that we're going to use to locate them," he said.