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| Opto subsidiary in India manufactures the Intelligent Controller |
| Announcement / Corporate Nov 04, 2009, 20:32 IST |
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Opto Circuits (I) Ltd. (OCI)’s India-based subsidiary, Advanced Micronic Devices Ltd (AMDL), has manufactured the core function i.e. the Intelligent Controller for the Parking management system which is an AMDL & Exultsoft technologies Pvt ltd design.
Advanced Micronic Devices Ltd. (AMDL), incorporated in the year 1982 went public in the year 1994. The company's stocks are currently listed in the Mumbai stock exchange. The company provides innovative and creative solutions for its clientele with leading and emerging technologies in Bank Card, IT, Healthcare and Speciality Electronics.
AMDL with Exultsoft has developed the Pay and Parking management System. The Pay and Parking Systems are working in the most demanding parking requirements of various Malls, Corporate, Public Parking and Service Providers. The systems are simple to operate, easy to understand with little training that allows, the unskilled personnel to effectively, manage the system.
The core of the system is powered by the intelligent controller manufactured by Advanced Micronic Devices Ltd (AMDL).
The controller can be augmented for power and flexibility with options such as, Solar Power Panel, built in Coin or Note Operating mechanism, GPRS connectivity to the Centralized host and remote monitoring of the operations.
The compelling advantage for the customer to buy our parking system is because of the use of Pre-paid smart cards which provides operational flexibility and transportability against multiple pay and parking system owned by Pre-paid smart card issuer. The system can be programmed to suit the needs of each individual requirement. The system will facilitate better customer service and additional convenience, enhance the efficiency of parking enforcement in the field and obtain detailed data on parking use.
The Pay and Park system is integrated and tested for its performance in our facilities and allows customization to meet specific requirements. The systems are supported across the country for trouble free operation.
The system would allow the parking spaces to be used for optimum capacity.
About Opto Circuits (India) Ltd.
Opto Circuits (India) Ltd. (OCI) (BSE Code: 532391; NSE Symbol: OPTOCIRCUI) is a 100 percent EOU and a leading manufacturer of healthcare equipment in India. The product profile includes digital thermometers, sensors, pulse oximeters, patient monitoring systems, stents, catheters and other innovative products. In 2001, OCI acquired 60 per cent stake in Advanced Micronic Devices (AMDL) to market and distribute its products in India. Mediaid came into existence with the acquisition of the patient monitoring division of Palco Labs, US, in end-2003 and it now directly markets OCI’s products in the US. OCI acquired EuroCor GmbH in 2006. EuroCor manufactures Cardiac Stents of various types, including Drug Eluting Coronary stents. In April 2007, OCI ventured into new product segments - Urology, Gastroenterology, Gynecology and Orthopedics after acquiring Devon Innovations Private Limited (Bangalore) and Ormed Medical Technology Limited (Chennai). OCI completed the acquisition of US based Criticare Systems, Inc. in April 2008. Criticare designs, manufactures, and markets leading edge patient monitoring systems, vital signs monitors and gas benches for a wide range of hospitals and alternate health care environments throughout the world.
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