Industry & Business

OCE Technology Signs €25 Million Deal

 Breaking News
  • Ambitious Enterprise Cross-Border Rail Strategic Development Plan Launched Translink and Iarnród Éireann have launched an ambitious new strategic development plan for the Cross-border Enterprise Rail Service between Belfast and Dublin. Called ‘Better Connecting Dublin and Belfast’, the strategy sets out a road map of how both companies jointly plan to further enhance the service on this important north/south rail corridor. The plan launched by [...]...
  • More Milk Needed to Cover Demand in 2030 – New Technologies Will Help Between now and 2030 worldwide demand growth for milk and milk products will be three times the level of current US milk production. This was one of the main findings of the latest publication, from the IFCN – the Dairy Research Network – discussed at the 19th IFCN Dairy Conference, held at Teagasc, Moorepark, Cork. Today, [...]...
  • IDA Reports Strong First Half IDA Ireland, the inward investment agency of the Irish Government, has reported a very strong first half of 2018. IDA expects that investments approved in the first half will lead to the creation of over 11,300 jobs as companies roll out their plans over the coming months and years. This compares with 11,000 over the [...]...
  • Building and Construction Output Increased by 7.4% in 1st Quarter 2018 According to the latest CSO figures, the volume of output in building and construction increased by 7.4% in the first quarter of 2018 when compared with the preceding period. This reflects increases of 5.6%, 5.5% and 1.1% respectively in the volume of residential building work, non-residential building work and civil engineering work. The change in the [...]...
  • Housing Market Failing Younger Generations, Says First Woman President of IPAV The current housing market is failing our younger generations, according to Ella Dunphy (pictured) of DNG, who recently became the first woman President of IPAV, the Institute of Professional Auctioneers & Valuers. She was speaking at the organisation’s AGM and annual conference at the Lyrath Estate Hotel, Kilkenny. “It’s a market where those with the greatest [...]...

OCE Technology Signs €25 Million Deal

OCE Technology Signs €25 Million Deal
January 02
10:02 2018

O.C.E. Technology has announced an agreement with Shanghai Aerospace Technology Control Institute to supply satellite subsystems into international markets. This agreement represents an estimated €25 million revenue over the next 5 years.

The agreement with SACTI is in line with China’s new “Silk Road Initiative” put forward by President Xi Jinping. The initiative promotes cooperation between Chinese and international industry and is reported to be the Chinese project of the century with $8 trillion investment planned for its activities.

The O.C.E. Technology subsystems are derived from those in use in the Chinese space programme and have been operational on Chinese satellites over the past 20 years. The company is currently working with customers in Europe and South Korea to customise these products for the fast-growing commercial satellite market.

O.C.E. Technology, headquartered at NovaUCD, develops software for technical applications and supplies radiation-hardened chip-level components targeted primarily at the space and high-reliability sectors.

The company’s new subsystems can be used to bring a satellite into a desired orientation in space and to a desired spin rate. This latest agreement is a logical cooperation as SACTI are already using high-reliability components as a critical part of its subsystems design.

Barry Kavanagh (pictured), CEO of O.C.E. Technology, said: “This new agreement with SACTI will enable OCE to offer the latest proven satellite attitude control systems. OCE’s agreements with Chinese space organisations are the first of their kind worldwide.”  He added, “OCE is establishing a growing reputation with Chinese aerospace organisations for initiating international business. This agreement alone represents an estimated €25 million revenue over the next 5 years.”

During the 2018 Paris Space Week visit O.C.E. Technology, an Enterprise Ireland client company, and its European Distributor, Dimac RED, to learn more about the company’s latest range of software and hardware products.

About Author

admin

admin

Related Articles

New Subscriber





Subscribe Here



Advertisements



















National Manufacturing Conference & Exhibition 2018

NIBRT Springboard Success Stories



Upcoming Events

  • No upcoming events
AEC v1.0.4