O.C.E. Technology Secures €200,000 Investment from Zhuhai Orbita Aerospace Science and Technology Co Ltd

Barry Kavanagh, CEO, O.C.E. Technology

O.C.E. Technology Secures €200,000 Investment from Zhuhai Orbita Aerospace Science and Technology Co Ltd

O.C.E. Technology, today announced that it has secured a €200,000 investment from Zhuhai Orbita Aerospace Science and Technology, a Chinese company listed on the Shenzhen Stock Exchange (Shenzhen 300053).

The investment will help fund O.C.E.’s expansion into the US market where earlier this year it first introduced its products at the Space Tech Expo Tradeshow at Pasadena, California.

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

Barry Kavanagh, CEO, O.C.E. Technology, said, “This investment from our manufacturing partner will help to grow our sales activities in the US where there is a huge opportunity in the fast growing small satellite market.”

Dr Yan Jun, Executive Chairman, Orbita, said, “We are delighted to have the opportunity to share in O.C.E.’s success and its growth and expansion into new markets.”

O.C.E. is currently operating in Europe, Korea, Japan, Singapore and China through a network of distributors.

O.C.E., an Enterprise Ireland invested company, also supplies a range of satellite subsystems including power supply and attitude control units. These subsystems are already well proven on the Chinese space programme.

The company will be participating (Booth L15) at the European Space Agency’s Industry Space Days Exhibition and Conference which takes place next week in Noordwijk, the Netherlands.

7 September 2018

For further information contact Micéal Whelan, Communications Manager, UCD Research and Innovation, e: miceal.whelan@ucd.ie, t: + 353 1 716 3712, or Tony Cahill, O.C.E. Technology, Vice-President, Sales, t: +353 1 716 3530 or e: tony.cahill@ocetechnology.com.

Editors Notes

O.C.E. Technology provides software tools, real-time embedded system design, system-on-chip (SOC) and system-in-package (SIP) hardware products to international clients. The unique features of OCE's software tools allow more cost effective embedded systems development. www.ocetechnology.com

Zhuhai Orbita Aerospace Science and Technology was founded in March 2000 with headquarters in Zhuhai, China. It manufactures high-reliability electronic components for the Chinese space and aerospace market. It has pioneered the construction of China’s first commercial earth observation satellite constellation, with 7 of a planned 34 satellites already successfully operating in orbit. www.myorbita.net

At NovaUCD, the hub for new ventures and entrepreneurs at University College Dublin, we nurture and support new high-tech and knowledge-intensive companies as part of UCD’s mission. At NovaUCD we provide purpose-built, state-of-the-art incubation facilities alongside a comprehensive business support programme for client companies such as O.C.E. Technology, a UCD spin-in company. NovaUCD has been funded through a unique public-private partnership that includes AIB Bank, Arthur Cox, Deloitte, Enterprise Ireland, Ericsson, Goodbody Stockbrokers, UCD and Xilinx. www.ucd.ie/novaucd 

Further information on the European Space Agency’s Industry Space Days www.industryspacedays.com.