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Financial Daily from THE HINDU group of publications Tuesday, September 19, 2000 |
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Speck Systems plans facility in Oman
Our Bureau
HYDERABAD, Sept. 18
SPECK Systems Ltd, a Hyderabad-based software services company focusing on geographic information services and spatial technologies, has drawn up growth plans including the setting up of a 100 per cent-owned subsidiary in the Sultanate of Oman.
Mr Chandrasekhar Nori, Managing Director, said that Speck Systems is set to scale up its operations with a total investment of about Rs 25 crore in the next 18 months, including the project to establish a subsidiary in Oman.
``The company is among few manufacturers to design and manufacture digital film recorders and to develop methodologies in GIS and mapping for a range of applications,'' Mr Nori said.
``Our skills in design and engineering and mapping and GIS have been nurtured over the years and are the core competencies that will now enable Speck to service the international markets.''
The company's in-house R&D facility, which has been recognised by the Department of Science and Technology, has designed and developed systems such as image display processors and small and large format digital film recorders for the remote sensing and g
eo-informatics markets.
The company is also planning to showcase its laser writer, designed for the global commercial graphics market, at the German expo for the European and American markets.
Mr Nori also said that Speck Systems has bagged a major project from the Ministry of National Economy, Sultanate of Oman, for generation of digital ortho quads and vector maps.
The contract, worth Rs 1.5 crore, involves production of digital maps showing all built-up areas for towns and villages across the country.
The company's deliverables include complete coverage of digital maps and digital ortho quads of satellite images used to produce digital maps that are used to rectify satellite images.
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