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The Warsaw Voice » Other » September 3, 2008
Przemysłowe Centrum Optyki S.A. (PCO)
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A Company With Experience Looking to the Future
September 3, 2008   
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Ryszard Kardasz, chairman of the management board, says:

Our goals are development and advanced technology. We have been in the armaments industry for 30 years and our precision and determination have put us in an unrivaled position. We have a narrow customer base despite our broad product range due to the specific nature of the industry we operate in. The Polish Armed Forces purchase most of what we produce. Thanks to PCO, our military is equipped with thermal vision cameras, laser rangefinders, goggles, monoculars and night vision gun sights.

PCO also supplies the military with professional fire control systems for tanks and personnel carriers. Fitting the Rosomak armored personnel carriers with optical and self-shielding systems was a major success for PCO. We are striving to become a player on the international military scene, not just in Poland. This can be seen in our exports to India, the Czech Republic and Hungary.

PNL-3 Night Vision Aviation Goggles
Advanced technology is our focus, which is why we have developed the CTS-1, Poland's first thermal vision sight with a microbolometric matrix of infrared detectors together with the Military University of Technology's Institute of Optoelectronics. The CTS-1 sight has been designed for observation and for firing hand-held and larger weapons at any hour of the day or night, in any visibility or weather conditions. The PCO-manufactured equipment used by the Polish armed forces ensures safety and makes it easier for our soldiers to serve on foreign missions in places like Iraq and Afghanistan.

New Head Office-New Opportunities
Przemysłowe Centrum Optyki moved to a new head office at 28 Jana Nowaka-Jeziorańskiego St. in Warsaw in June. The new facility has been designed in an extremely modern way as five buildings connected via indoor corridors and outdoor passages. We now have the right conditions for development, for conducting complicated research and introducing state-of-the-art technologies. These include technologies to manufacture optical elements with aspherical surfaces, putting diamond coatings on optical elements for thermal vision and processing aluminum mirrors. The company has had advanced production equipment installed and more investment in state-of-the-art, digitally controlled machinery is in the pipeline. One of our major goals, and one that will impact the company's development, is to completely computerize the company. Fully computerizing PCO S.A. will unite the company, assist in managerial decision-making as well as financial and sales management, and facilitate product design, production control and cost management.

Sales on the Increase
Our company's development is directly reflected in our sales figures. PCO's sales and profits have been increasing since 2004. Sales grew by almost zl.30 million over the previous year in 2006 while profit more than doubled. Sales topped zl.120 million last year.

PCO S.A. on the Warsaw Stock Exchange
In 2009, we are going to be the first company from the armaments sector to be listed on the Warsaw Stock Exchange, if all goes to plan. This would undoubtedly be a huge success for PCO and would allow the company to obtain extra development capital.
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