Authorities searching for missing MH370 have rejected claims made by an Adelaide technology company that it has found wreckage in the Bay of Bengal.

GeoResonance claimed its sensor technology has found a plane in the Bay of Bengal, south of Bangladesh.

According to news.com.au, the marine exploration company , which specialises in geophysical surveys to find oil, gas, groundwater and uranium, has said that the claims made by it should be investigated.

However, Australia's Joint Agency Co-ordination Centre (JACC), which is leading the search, said the location of MH370 suggested by the GeoResonance report was not in the Australian search and rescue zone.

JACC said it was satisfied that the Boeing 777 was in the southern part of the search arc.

Meanwhile, authorities have called off the aerial search, but are continuing with their transition to an intensified undersea search in the southern Indian Ocean, the report added.