NewSpace India Limited (NSIL) has successfully transferred Optical Imaging System (OIS) technology which was designed by the Indian Space Research Organisation (ISRO) to Optimized Electrotech Pvt Ltd (OEPL).
The agreement was formalized in September and was facilitated under the distinguished guidance of Dr. Pawan Kr Goenka (Chairperson of Inspace), Rajeev Jyoti (Director of Inspace), and A. Arunachalam (Director of NewSpace India Limited (NSIL).
The Optical Imaging System (OIS) developed by ISRO empowers long-distance surveillance across visible and near-infrared spectra of the electromagnetic spectrum.
Notably, it operates seamlessly during twilight and mid-day lighting conditions, employing a single sensor and a consistent setup. This revolutionary advancement holds immense potential, particularly in coastal and desert areas and various applications where precision surveillance is critical.
The technology has been transferred through a Technology Transfer Agreement, facilitating the advancement, production, and commercialization of an Optical Imaging System in both India and overseas.
Furthermore, ISRO’s expertise and innovation in space technology will be complemented by Optimized Electrotech’s cutting-edge imaging capabilities, creating a synergy that promises to revolutionize surveillance capabilities.
Speaking on the partnership, Sandeep Shah, Co-Founder and Managing Director at Optimized Electrotech, said, “We are extremely proud to be a part of this landmark technology transfer agreement with ISRO. With the surveillance systems market in India poised to reach $2.5 billion and annual growth rates of 25-30%, this collaboration is a game-changer.”
“OIS promises to revolutionize security and surveillance in demanding environments, aligning perfectly with the current market demand. This landmark technology transfer agreement solidifies Optimized Electrotech’s position as an industry leader, and we eagerly anticipate the transformative impact it will have on their product offerings,” Shah further added.