PANAGYURISHTE (Bulgaria), March 20, 2018, Author: Galina Zdravkova (Bm), Photo by Bm
In the end of 2017, the Bulgarian company OPTIX JSC (based in the town of Panagyurishte) sold part of its assets to the Canadian company American Optics Inc. – a manufacturer and distributor of rigid and flexible endoscope optics, reported the Bulgarian weekly business newspaper “Capital”.
“According to experts the deal on the transforming is among the top five most complex deals in Bulgaria for the last several years, because it is being sold not a whole business, but part of it,” Daniel Daskalov, Director “Resource Provision” at OPTIX commented the deal.
The newly established company named Micro Optix Europe will manufacture micro-optical components for medicine, which have been produced by now by OPTIX. Therefore the product profile will not be changed a lot as of the moment. The goals are world-class end products, entering new markets, and increasing of the manufacturing capacity. It will also be acquired new know-how in business management thanks to the mutual work with international partners.
The Managers of Micro Optix Europe are David John Pierce (Canada) and Petar Cholakov (Bulgaria).
Micro Optix Europe will also be based in the town of Panagyurishte in separate renovated and newly-built buildings with its own management and employees. It already has 160 employees and capital of BGN 3.95 million.
“In our two large partnership Projects – “Micro Optix Europe” and “Schölly Optix”, we aim at keeping sufficiently big share of the capital in order to be able to participate effectively in the management of our common business,” further explained Daniel Daskalov
The CEO of OPTIX, Ivan Cholakov, said that 2017 has been the most successful year since the origin of the Company and added: “The amount of the realized production is over BGN 42 million, and the sales in our whole group of companies will probably exceed BGN 80 million. Our goal is to reach BGN 100 million from sales in 2019. And in 4 years, this BGN 100 million to be the result only from the activity of the mother company OPTIX.”
About € 4 Million Is Invested by Opticoelectron in 2017
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.
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.“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.
We recall for you that in 2017 Opticoelectron was awarded “Innovative Company of 2017” by the Patent Office of the Republic of Bulgaria.
Nieuwpoort Hosted a Demonstration of SafeShore Developed in Partnership with OPTIX, Bulgaria
PANAGYURISHTE, Bulgaria (BulgarianMilitary.com), June 21, 2018, Author: Bm Team, Photo credit: Optix Co.
The SafeShore detection system, developed with the participation of the Bulgarian company OPTIX JSC, was shown on 25th May 2018 in the first demo event at the North Sea shoreline in Nieuwpoort (Belgium), announced to BulgarianMilitary.com from Optix co.
The event was attended by end-users, EC members and representatives of the local and national press and television.
First the objectives and current achievements of the SafeShore Project were presented to the attendees, after which there was a demonstration of the system on the beach.
The system may detect and track various types of vessels, individual people, swimming or paddling towards the shore, low altitude airborne objects in the shape of drones, etc. However, as of the moment, the SafeShore cannot distinguish a drone from a flying bird, for example, that is why it will not be operational immediately.
The SafeShore Project is funded by the European Commission and is being implemented by a consortium of well-balanced combination of partners. One of the key partners is the Bulgarian company OPTIX JSC, which has produced some of the components integrated in the SafeShore system and we, from BulgarianMilitary.com, are very proud of that fact.
The SafeShore features the following basic advantages: low cost per square meter, low weight components, low energy consumption, no need of special cooling system, and solar-based battery charging.
One of the main objectives of the Project is detection of Small Remotely Piloted Aircraft Systems (RPAS), which are too small to be detected by regular costal radars due to their low RCS (Radar Cross Section). They may depart from yachts, for example, and be used by smugglers and terrorists. The situation is the same with the low altitude guided parachutes, which are also hard for detection by standard radars. Such parachutes may be dropped from airplanes, which are not visible from the shore, and be used for deploying equipment, explosives, etc. For that purpose 3D LIDAR, which creates a virtual dome shield over the protected area shield with a radius of about 250-300m, is integrated in the system. The SafeShore will be fixed on mobile platforms. For ensuring of a continuous detection shield along the shoreline, there will be overlapping between the areas, protected by each platform of about 50 m.
The SafeShore system will operate in addition to the standard radar systems, by covering the existing gaps in the defence due to technological issues as mentioned above.
Opticoelectron Reported More Than Successful Eurosatory 2018 Exhibition
PARIS (France), June 15 2018, Author: Boyko Nikolov, Photo: Stoyan Hristov
On the last day of the exhibition we met the representatives of Opticoelectron, who presented the company at Eurosatory this year.
“We may confirm that this year the French exhibition turns out to be the most successful for us. We are present at each Eurosatory and there is always interest in our products, but in the last 5 days we have reported the biggest success for Opticoelectron in the recent years,” commented Eng. Ivan Garchev, CEO of the Bulgarian company, “We have had working meetings with lots of state delegations and representatives of the private business from the whole world. There is interest from countries form Asia, Africa, and Europe. The best and the indicative factor for the success of Opticoelectron here is that we have received a request for manufacturing of products from the field of artillery, night vision and infrared optics within the short-wave spectrum.”
This year Opticoelectron presented one of its most popular products during the recent months – night vision goggles Nirecon. Moreover, thermal vision and night vision devices, as well as some products from the sphere of artillery have made a serious impression to current and possible customers.
“The thing that makes me happy is that during the recent years we have managed to invest several million euros in new technologies and production. The last example is the specialized workshop for infrared equipment. By improving the quality we guarantee permanent presence on this market. And the evidence for the words is that our current partners continue to work with Opticoelectron,” are the first words of Eng. Boyan Garchev, International Markets Director, “It is even more indicative the fact that the SWIR products, developed in the company, are not any more at the level “novelty”, but at the level “orders”. Even before Eurosatory we had actual orders for the production of dozens of pieces of the middle class, and in recent days we have received here some more.”
Opticoelectron has been represented at the Eurosatory exhibition by Eng. Ivan Garchev – CEO, Eng. Boyan Garchev – International Markets Director, Eng. Tsvetana Donova – Commercial Director, Eng. Stoyan Hristov, PhD – Designer, and Mrs. Natalia Nedyalkova – Trade Expert of the company.
The stand of Opticoelectron was one of the most visited stands among the Bulgarian companies.
“May be the success here should not surprise us. If an analysis is made of the Bulgarian exhibition, which was held only two weeks ago in Plovdiv, we will see that the interest of the Bulgarian and French Ministries of Defence is not accidental. We have been working in the recent years a lot for improving the quality of our products. But we are also working for their successful promoting worldwide. If we start from the sale of the first mobile systems for the needs of Bulgaria six years ago, from their improvement and sale in some countries from the Middle East and Scandinavia, and pass through the developments and sales in the recent years in the field of night vision, we will notice that it is not accidental that this year we start with several contracts for the production of military optics for the next 2-3 years. The domino effect is the most specific definition of this situation and in our case it is successful,” wound up Eng. Ivan Garchev.
It shall be also reminded that some more international exhibitions like Indo Defense and AUSA are upcoming for Opticoelectron this year.
Opticoelectron Will Show its Best Products at Eurosatory in Paris
PARIS (France), June 11, 2018, Author: Boyko Nikolov, Photo: dipl. eng. Tsvetana Donova
Only weeks after the end of the International Defence Equipment Exhibition “HEMUS 2018” in Bulgaria, Opticoelectron Group JSCo goes to Eurosatory in Paris with its best products, which it has designed and produced in the recent months.
These are the smallest night vision goggles Nirecon that weigh just 350 gr, SWIR lenses from the SWIRECON series, as well as the first prototype manufactured years ago.
“It is logical for us to show the best we have made in the recent months. Nirecon and Swirecon are only a small part of our product range. We have new products in the field of thermal vision optics, laser designator, day and night sights. We come to Paris already with several options for mobile systems for surveillance of large areas, and it will be the first time when we will present our ideas for stationary and semi-stationary surveillance posts,” commented Eng. Ivan Garchev, CEO of the Company.
Opticoelectron Group JSCo will exhibit its products at a stand in Hall 6 – C597 from 11th to 15th June.
“Besides continuing to develop and sell our products in the whole world, last year we have also made serious investments in the field of optical production for improving even more the quality of the offered by us optics. Just for reference, during the past 12 months, we have built, equipped and started a completely new infrared optics workshop. Our investments in the sphere of technological production in the past years are equal to millions of euros,” wound up Eng. Garchev.
It shall be reminded that only about two weeks ago the Ministry of Defence of France, the Ministry of Defence of Bulgaria and the president Radev personally were very impressed by the technological capabilities of Opticoelectron at the Hemus Exhibition in Plovdiv, Bulgaria.
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