The company's subsidiary Cardiac Science Corporation has launched the product which is designed to provide effective life saving aid to a person who has suffered sudden cardiac arrest (SCA), Opto Circuits said in a filing to BSE.
Commenting on the development Opto Circuits Chairman and Managing Director Vinod Ramnani said: "The Powerheart G5's combination of life saving features and intuitive controls will appeal to current and new customers in work places, public spaces and emergency services".
Automated external defibrillators (AEDs) are portable medical devices that diagnose life-threatening abnormal heart rhythms, or cardiac arrhythmia, and deliver electrical energy to the heart to restore its normal rhythm.
The company said that automated external defibrillators market is valued at USD 550 million as of 2011.
Each year as many as 7,00,000 lives are lost to SCA in Europe, it added.
Shares of Opto Circuits were today trading at Rs 154.05 per scrip in the afternoon trade on BSE, down 0.23% from its previous close.