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Bangalore-based Opto Circuits operates in the medical electronics space and manufactures optical sensors, security systems and optoelectronic equipment. The company also undertakes design of optoelectronic devices.
Seventy five per cent of the company`s revenues come from medical optoelectronics. Most of the company`s sales to OEM customers are made through Elekon Industries USA. It also manufactures a range of healthcare equipment like pulse oximeter, multi parameter monitors, pulse oximeter sensors, digital thermometers, cholesterol monitors and fluid warmers. Optoelectronics manufactured by the company include infrared emitters, infrared detectors, photo sensors, detector and emitter assemblies and baggage scanners.
It is a recognized export house and has CE and FDA approvals for many of its products. Its list of clients include Philips Medizine Systems, General Electric Medical Systems, Life Stream Technologies etc., and hospitals like Apollo, Escorts, Breach Candy, Lilavati and Wockhardt.
The company reported fall of 11.05% in standalone net profit on y-o-y basis to Rs 530.26 million, while total income dropped 34.41% y-o-y basis to Rs 1.21 billion for the quarter ended March 2013.
Eurocor GmbH, a group company of Opto Circuits (India) announce that their partner Micell Technologies, Inc. received CE (Conformit?? Europ??enne) Mark approval for its MiStent?? Sirolimus Eluting Absorbable Polymer Coronary Stent System (MiStent SES??) introducing a thin-strut stent that features elimination of the coating from the stent in 45-60 days and the complete absorption of the polymer coating within 90 days.
Eurocor GmbH, has entered into a licensing agreement for their Drug Eluting Balloon (DEB) technology and related intellectual property (IP) rights in relation to the treatment of both coronary and peripheral artery disease with Biosensors International Group.
During the quarter, the profit of the company fell 94.12% to Rs 123 million from Rs 2,093 million in the same quarter previous year.
Cardiac Science Corporation, a subsidiary of Opto Circuits has signed a definitive agreement to sell its diagnostic cardiology product line to Mortara Instrument for an estimated consideration of USD 21 million.
Opto Circuits, Bangalore based medical devices company, today reported fall of 9.45% in consolidated net profit to Rs 1.13 billion as compared to net profit of Rs 1.25 billion in the same period last year.
Opto Eurocor Healthcare (OEHL) a subsidiary of Opto Circuits (India), launches its first Sirolimus Drug Eluting Stent (DES), E-MAGIC Plus on receipt of Drug Controller General of India (DCGI) license to sell and market the product in India.
Opto Circuits an Indian medical devices company based in Bangalore reported a rise of 18.58% in net profit to Rs 1.38 billion for the quarter ended June 30, 2012 as compared to Rs 1.16 billion in the same period last year.
Opto Circuits` subsidiary and global leader in automated external defibrillators (AED), Cardiac Science Corporation, today announced the European launch of its CE-certified Powerheart G5, the next-generation AED to help save lives from sudden cardiac arrest (SCA).
In a move to facilitate its foray into the US markets, the company is planning to raise about Rs 860 million by way of issuing warrants on a preferential basis to strategic investors and promoters of the company.