Opto Circuits gets approval for SEZ in Karnataka

Bangalore, 8th August 2007: Opto Circuits (India) Ltd. (OCI), India's leading manufacturer of medical diagnostics and interventional products, today informed the Bombay Stock Exchange that the company has received formal approval from the Ministry of Commerce and Industry (Department of Commerce, Government of India) for developing a Special Economic Zone (SEZ) at Nanjanagud near Mysore, Karnataka.

The Company is likely to establish its new manufacturing facilities in the proposed SEZ. It will also focus on establishing manufacturing facilities for various Health Care related products and Hardware Electronic products.

About Opto Circuits (India) Ltd: Opto Circuits (India) Ltd. (OCIL) (BSE Code: 532391; NSE Symbol: OPTOCIRCUI) is a leading manufacturer of healthcare equipments in India. The product profile includes digital thermometers, sensors, probes, pulse oximeters, patient monitoring systems, Stents, Catheters and innovative products in the pipeline. In 2001, OCIL acquired 60per cent stake in Advanced Micronic Devices to market its equipments in India. OEMs contribute (80per cent) of sales while MediAid (100per cent US-based subsidiary) contributes the balance. MediAid came into existence with the acquisition of the patient monitoring division of Palco Labs, US, in end-2003 and now markets OCI's products in the US markets directly. OCI acquired EuroCor Gmbh during 2006. EuroCor manufactures Cardiac Stents of various types, including Drug Eluting Coronary stents used in critical cardiac care. 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). Visit us at www.optoindia.com.