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About € 4 Million Is Invested by Opticoelectron in 2017

Published

5 months ago

June 29, 2018

Opticoelectron Equipped the New Automobiles of the Border Police

PANAGYURISHTE, Bulgaria (BulgarianMilitary.com), June 29, 2018, Author: Boyko Nikolov, Picture: Hristo Elkin

Interesting indices and positive attitudes in the investment policy showed the general annual report of the companies in the structure of Opticoelectron Group JSCo during the last year. About € 4 million has been invested during the 12 months of the past 2017 in technological equipment, real estate and training of the personnel, learned BulgarianMilitary.com

“We invested about € 2 million in the purchase of new machines and facilities, as well as for building of a separate manufacturing unit for infrared equipment – workshop “Crystals”. About € 1.9 million was invested in real estate and about € 180,000 – in training of the personnel mainly on foreign language education and improvement of the professional qualification of our colleagues,” commented Eng. Ivan Garchev, CEO of the Company.

About € 4 Million Is Invested by Opticoelectron in 2017

Manufacturing unit for infrared equipment – workshop “Crystals”, (Picture: Boyko Nikolov)

The annual report also clarified that, in 2017, funds have also been invested in building of a new production area for assembly and integration of mobile, stationary, and semi-stationary systems and posts for surveillance and security. The total recapitulation shows that, from that unit in the manufacturing cycle of the Company, it has been integrated 28 systems for the needs of both the Bulgarian Border Police and customers from Scandinavia.

An analysis of BulgarianMilitary.com shows that during the last three years Opticoelectron and the companies within its structure do not spare funds for investments. On average, it is invested between € 1.5 million and € 2 million per year. Already in 2015 it was decided a new investment period to be started in the history of Opticoelectron. This happened through the purchase of a new vacuum system for placing of thin optical layers at the amount of several million euros. Thus the results were not late and already during the same year Opticoelectron took the prestigious 9th place in the Gepard ranking for Bulgaria’s most dynamically developing companies.

Opticoelectron Reported More Than Successful Eurosatory 2018 Exhibition

dip.eng. Ivan Garchev – CEO of opticoelectron Group JSCo, Bugaria / Photo credit; linkedIn

“From 2015 till now we have reported growth in the sales of our products worldwide. Every day we prove to ourselves that our choice to invest in personnel and new contemporary production powers is the right strategy. That is why we are proud of one more fact – big part of the invested funds are reinvested profit during the recent years and in past one as well,“ concluded Eng. Garchev.

Recently BulgarianMilitary.com also informed that in the last three years Opticoelectron has doubled its sales. Wisely spent funds on new installation for placing of coatings on aluminium parts, new installation for special coatings of the optical components or the new CNC machines of latest generation are an important part of the success of the Company.

dipl. eng. Boyan Garchev – Business Development Director (Photo credit: Persoanl archive)

“We pave the way for our success by ourselves. We prove it every year with new customers, new orders and strengthening of the existing partnerships. 2018 is half-way through, but this and next year we are working on our investment program. New interesting product solutions in the field of thermal vision and swir technology, as well as in the field of mobile, semi-stationary and stationary systems and posts for surveillance and security are upcoming. Exactly in the development of the last product range we have already begun to implement our new investment goal that we hope to lead to the desired results in the next years,“ commented Eng. Boyan Garchev, Business Development Director of Opticoelectron.

We recall for you that in 2017 Opticoelectron was awarded “Innovative Company of 2017” by the Patent Office of the Republic of Bulgaria.

BulgarianMilitary.com

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The participation of Optix has provoked interest at Indo Defence – Indonesia

Published

1 week ago

November 12, 2018

Boyko Nikolov

The participation of Optix has provoked interest at Indo Defence - Indonesia

Optix stand on Indo Defence 2018 - Indonesia | Photo credit: Optix

PANAGYURISHTE, Bulgaria (BulgarianMilitary.com) – For the third consecutive time OPTIX participated in the biggest exhibition in South-eastern Asia – Indоdefence, which was held from the 7th till the 10th of November in Jakarta, Indonesia, learned bugarianmilitary.com

The forum gathered more than 800 companies from 55 countries.

The Bulgarian company provoked the interest of the end users and the partners with its latest developments in the field of thermal imaging devices for police and military units – the sniper clip on ZIR 100 and the binocular BidentifieR 100. A variety of options for cooperation and deliveries was discussed with the representatives of the different parts of the Ministry of Defence of Indonesia and specifically with the Chief of procurement.

Z-IR 100 Clip-On Thermal Device can be used as a hand-held or weapon-mounted system for observation, target detection or passive target acquisition during day and night in variety of environment conditions, including fog, rain, snow, smoke, total darkness. Z-IR 100 is an outstanding thermal imager with a great number of functions and perfect optical performance.

OPTIX ZiR-100 – Thermal Imaging Attachment | Photo credit: Optix

BidentifieR is single channel uncooled thermal imaging binocular designed especially for military and law enforcement personnel, for prolonged observation and reconnaissance. BidentifieR allows target detection and recognition in completely passive mode on short and mid-range distances.

OPTIX BidentifieR – Uncooled Thermal Imaging Binocular | Phote credit: Optix

About Optix JSCo:
Established in 1998 as a 100% private company OPTIX specializes in the design and manufacturing of optical, opto-mechanical and opto-electronic assemblies and devices for military and law enforcement applications. Competently applying the modern technologies, OPTIX Co executes the entire production cycle – from design and implementation of prototypes to serial production of components, assemblies and devices.

The production meets all the requirements of European and world standards – DIN, MIL, ISO, BS. The contemporary design, ergonomics and high technical characteristics of the products are comparable to the best world samples and excite a well-founded interest of the leading companies in the optical, medical and defense industries.

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C4ISR

Quality Bulgarian Optics at the International Exhibition Indo Defence in Indonesia

Published

2 weeks ago

November 8, 2018

Boyko Nikolov

Photo credit: Boyan Garchev

JAKARTA, Indonesia, (BulgarianMilitary.com) – In the period from 07-11 November, for another year, the international military Indo Defence 2018 Expo & Forum is held in Jakarta, Indonesia. Approximately 850 international companies in the area of military-defence production and security participate in the current exhibition, among which is the Bulgarian optical manufacturer, Opticoelectron Group JSCo, learned BulgarianMilitary.com.

This year, Opticoelectron Group JSCo displays at the exhibition its product ranges in the field of day and night artillery optics, which are the main focus of the company.

At the exhibition, interest provokes the LARTOS high-tech optical coordinate system for identification targets and objects, which also has a secondary function – precisely defining the distance to the target with respect to the LARTOS itself.

“What is interesting about Lartos is its non-volatile database of coordinates of objectives and objects, which means that if the system power is turned off, the system keeps this database so it can’t be lost.” – commented the company’s Business Development Director, Eng. Boyan Garchev. “But besides the artillery optical systems, at Indo Defence we also offer our latest developments in the field of security and safety of large border furrows and oil fields. These are our stationary, semi-stationary and mobile systems for surveillance and observation, under the Muson brand, which is produced and sold by us,” adds Eng. Garchev.

We recall that this year Opticoelectron managed successfully to develop, produce and sell this type of surveillance systems, with the Bulgarian state becoming a customer in the field of stationary and semi-stationary systems and in the area of the mobile systems – Sweden. BulgarianMilitary.com has learned that at the moment there is a request for the purchase of Opticoelectron’s mobile systems made by an Australian company.

At Indo Defence, the Bulgarian company also exhibits and two of its most popular products in recent years – the short wave infrared series lenses SWIRECON and the world’s smallest night vision goggles Nirecon, weighing only 300gr.

“The year is almost over and we have two more international exhibitions until its end. The planning for 2019 has begun and over the next 12 months we will continue to invest in our production so that to remain competitive in the international markets and preserve the high quality of the optical production,” concludes Eng. Garchev.

About Opticoelectron Group JSC
Opticoelectron Group JSCo. is situated in Panagyurishte, Bulgaria. The company specializes in design, development, engineering and trade of optical, optomechanical, optoelectronic, laser and thermal vision devices and systems for defense and security. Their products are divided into the following categories: optical sights for artillery and grenade launchers; observer posts, day sights, collimators and laser target designators; night vision, thermal, SWIR; surveillance and armored vehicles.

BulgarianMilitary.com

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C4ISR

Big Interest in the SWIR Technology of Opticoelectron at the AUSA Exposition

Published

1 month ago

October 9, 2018

Boyko Nikolov

Big Interest in the SWIR Technology of Opticoelectron at the AUSA Exposition

Exhibition stand of Opticoelectron on AUSA Exhibition 2018 | Photo credit: Opticoelectron

WASHINGTON, the USA(BulgarianMilitary.com) – For a second consecutive year the Bulgarian optical manufacturer Opticoelectron continues to be the first and only native representative invited to present its products at one of the largest exposition of military technologies and elaborations – AUSA, Washington, the USA, reported BulgarianMilitary.com

The exposition will be held from 8th to 10th October and it started with unprecedented interest in the products of the Bulgarian company in the field of night and thermal vision optics, as well as the developed product range SWIRECON in the field of SWIR lenses.

Dipl.Eng. Boyan Garchev on stand of Opticoelectron – AUSA 2018 | Photo Credit: Opticoelectron

“For us, our presence here is of strategic importance and for a consecutive year it meets us with our partners beyond the ocean. We have clearly set goals though which to develop new future business contacts in the USA and the countries from the region. As you know during the last years we have been seriously developing SWIR technologies in Opticoelectron, that is why its presentation and promotion here not only evoked interest, but also opened the door to new business challenges,” commented Eng. Boyan Garchev, Director International Business Relations at Opticoelectron.

BulgarianMilitary.com reminds that Opticoelectron managed years ago to develop and present one of the first working prototypes of a SWIR lens, and in the middle of August this year it also presented the fifth product of its range – SWIRECON 12,5 which has a very open f-number – 1.2. Only for the last two years the Company has invested approximately US$ 4 million in the integration of new production technologies and innovations. In 2017 it has been officially opened and put into operation the most advanced workshop for infrared optics in Bulgaria and on the Balkans.

SWIRECON 12.5 by Opticoelectron | Photo credit: Nikolay Tsonevski

Opticoelectron is an official member of AUSA and within the present exposition it participates after an invitation and under the aegis of an association of German companies and their other European partners.

It is expected this year the AUSA Exposition to welcome over 700 exhibitors from over 100 countries with over 30,000 participants, and approximately 300,000 exhibits will be showcases during the three days of the event.

BulgarianMilitary.com

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Aviation

SAAB Gripen Played its Trump Card for the Deal of New Bulgarian Fighter Jets

Published

2 months ago

October 2, 2018

Boyko Nikolov

SAAB Gripen Played its Trump Card for the Deal of New Bulgarian Fighter Jets

The Gripen cockpit is dominated by three large, full colour, Multi-Function Displays (MFDs) and a wide angle diffractive optics Head-Up Display (HUD) with a holographic combiner. | Photo credit: SAAB Gripen

SOFIA, Bulgaria (BulgarianMilitary.com) – Lockheed Martin’s presentation on 18 September in Sofia, with which the company officially made its offer for a sale of F-16 Block 72 to Bulgaria, undoubtedly turned out to be a strong move by the U.S. company, considering that it was the only from all participants that took this commercial practice. Today, however, the other participant that also has a great chances to be the final winner – SAAB Gripen, has played its trump card in the competition with his American contestant, learned Bulgarian Military.com

SAAB Gripen offers a partnership to Bulgarian companies, which to become part of the acquisition process of new combat aircraft for Bulgarian aviation. These are Avionams – Plovdiv, Optix – Panagyurishte, Terem Letetz – Sofia and Samel – 90 – Samokov.

In official presentation of SAAB Gripen it is said, we quote „Saab has already identified number of local companies for potential cooperation in the field of security of supply“

BulgarianMilitary.com contacted for comment the Marketing Director of one of the companies mentioned above – Zhelyazko Gagov from Optix who told for our media: “Yes, we are familiar with the fact that SAAB Gripen has quoted us in their widespread presentation. This can be a pleasure for us because in recent years we have been working on several projects with different company subdivisions, which have nothing to do with the current topic and tender for Bulgarian fighter aircraft. In our relationship with them we are guided by the principles of correct partnership. In this sense, it is logical that we have already had talks with the Swedish company about the current project and our possible participation in the form of industrial co-operation, but we cannot say more details at this point because the whole process is yet to begin.”

We remind that a few days ago, the Minister of Defense Krasimir Karakachanov told the media that the Plovdiv-based company Avionams did not have a license to repair the old Russian Su-25. He is right because in business with military products and dual purpose products not everyone can produce, not everyone can repair and not everyone can resell. Only the manufacturer of a specific product can decide if a company can obtain a license to repair its products. It is also important to be understood that this license may only be valid on the territory of the country in which the company operates.

In connection to this, the citation of Avionams and Terem Letetz as well as Samel 90 may be a slight wink that the Swedish company would be ready to issue the necessary future documents for its Bulgarian partners.

Taking into account what Zhelyazko Gagov said, we make a conclusion that the three companies above may have also worked with their Swedish partner, which would be in their favor at this point. At Bulgarianmilitary.com we do not have received an official confirmation by the three companies for this, so until now it remains only our assumption.

According to the official presentation of SAAB Gripen, they are ready to deliver the first four Gripen to Bulgaria within two years, as well as to fully equip two sheds at Graf Ignatievo Air Force Base, which is located near Plovdiv.

BulgarianMilitary.com