Opto Circuits today said its wholly owned subsidiary, Criticare Systems Inc (CSI), has entered into a long term agreement with a European firm for supplying patient monitoring systems and anesthetic gas delivery products.     

"The agreement involves the supply of private label patient monitoring systems by CSI to the partner as well as cooperation in sales and distribution of anesthetic gas delivery products in several key markets, both in Europe and the US," Opto Circuits India (OCI) said in a filing to the Bombay Stock Exchange without disclosing the name of the European company.     

BSE  |  NSE Price

Also Read   Related Stories News Now - Opto Circuits' US arm in supply pact with European firm - Opto Circuits raises Rs 400 cr from QIP issue - Opto Circuits gains on EU nod - Opto Circuits get CE certificate for portable pulse oximeter - Opto Circuits signs pact with OEM for joint development - Opto Circuits gains on 32% jump in net

Also Read   Related Stories News Now - Markets end flat - Turbulence ahead for airlines despite oil price drop - Weak rupee may bring cheer to NRIs, expats - LIC buys PSU stocks, sells pvt sector blue-chips in Q4 - Banks may lower deposit rates as inflation eases: Report More

This agreement is significant in terms of driving revenue growth and market share for CSI and its technology. It would also drive market share gains for the group's non invasive range in important world markets, OCI Chairman and Managing Director said. 

Opto Circuits completed the acquisition of US-based Criticare Systems in April 2008. Criticare manufactures a wide range of medical equipments including patient monitoring systems, vital signs monitors and gas benches for hospitals.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end flat - Turbulence ahead for airlines despite oil price drop - Weak rupee may bring cheer to NRIs, expats - LIC buys PSU stocks, sells pvt sector blue-chips in Q4 - Banks may lower deposit rates as inflation eases: Report

Tags : Opto Circuits | criticare systems | european firm   Read Business news in  Advertisements -  Journey on, We are by Your Side. Click here to know more -  2 Lac Apartments, 1 Lac House / Plots. Click here -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  The Best Seller is Also the No. 1 in Mileage. Click here -  Watch The Film Here. Click here to know more.. -  Leader in Passenger Car & Automobile Tyres. Click here -  1 billion in saving for Unilever without any tangles. -  A Brand New Server at a Price That Fits Your Budget. Click here -  Learn How One City is Running on FOOD SCRAPS. -  One Partnership Endless Possibilities. Click here to know more -  Helping doctors detect diseases earlier, saving costs & extending lives. -  36 Lakhs can get you a pool of Luxuries. Click here -  Which is the best plan for your daughter -  Check out the TRUE COLOURS of your Stocks, Now for FREE! -  One of the leading business schools in the world.Know More