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Electron Progress EAD

Summary

Company ID (NIN)

121593149

Company owner / manager

  • Miltech EOOD

Country

Bulgaria

Capital

1,000,000

Total assets

12,470,000

Net profit for the period

19,000

Report year

2016

Currency

BGN

Industry

Business and Consumer Services

Southeastern Europe Company Index (SEECI)

What is SEECI?

General information

About Electron Progress EAD

Electron Progress EAD is a Bulgarian engineering company, which provides integrating and engineering services in electronics and communications.

Electron Progress is the only Bulgarian company, which was awarded an AQAP 2110 certificate by the Bulgarian Ministry of Defense.

(Editor's note: AQAP 2110 - NATO Quality Assurance Requirements for Design, Development and Production.)

 

Last updated on Sept 14, 2017.

Meta info
Status
Active
Legal form
Joint Stock Company
Incorporation date
Jan. 1, 1976
NIN
121593149
Tickers
Stock Exchange
ISIN
Profile last updated
Sept. 14, 2017, 9:26 a.m.
Alternative names

    Electron Progress AD;
    Elektron Progress AD;
    Elektron Progress JSC;
    Elektron Progres AD;
    Elektron Progres JSC

History

    1976 - Electron Progress is established as The Institute for Defense Electronics.

    1998 – The Institute for Defense Electronics is reorganised into an EAD (state-owned joint stock company).

    June 27, 2000 - Electron Progress increases its subscribed capital to BGN 233,749 from BGN 103,549.

    Jan 18, 2002 – The Bulgarian Privatisation Agency sells 80% in Electron Progress EAD to EPM Holding AD, a consortium between Miltech Ltd. and Electronprogress-98 OOD, for a total USD 2,650,005.

    May 27, 2003 - Electron Progress increases its subscribed capital to BGN 1.0 mln.

    2004 - Electron Progress becomes a strategic partner to the Bulgarian Ministry of Defense.

    Mar 18, 2011 - The company receives an ISO 14001:2004 Environmental management systems certificate.

     

    Last updated on Sept 14, 2017.

Management

Executive Board
Krasimir Stoyanov Pingelov
CEO
Anton Angelov Karagiozov
Executive Officer
Board of Directors
Anton Angelov Karagiozov
Member of the Board
Tsvetan Mladenov Totomirov
Member of the Board
Krasimir Stoyanov Pingelov
Chairman of the Board
Georgi Dimitrov Kovachev
Member of the Board

Contacts

Address
1, Kukush Str.
1345
Sofia, Bulgaria
Telephones

+359 2 8127 200
+359 2 8211 200

Fax

+359 2 821 1284

Emails

office@eprogress.bg

Websites
www.eprogress.bg

Ownership

Name Direct holding Indirect holding Owner type Country
Miltech EOOD 100.0 Company Bulgaria

Subsidiaries and affiliates

Name Direct holding Indirect holding Country
Strategicheski Otbranitelni Sistemi AD 100.0 Bulgaria
Electron Progress Services AD 100.0 Bulgaria
ESOES Services OOD 100.0 Bulgaria

Products and services

Electron Progress EAD specialises in:

  • research and development activities;
  • design;
  • construction;
  • manufacturing and engineering services;
  • system integration;
  • installation and configuration of system software and hardware;
  • database and customised application software;
  • radio communications and wireless networks;
  • structural cabling;
  • laboratory testing;
  • training services;
  • integration of communications and information systems for national security;
  • project management and software development;
  • design and implementation of C4I systems and coastal surveillance radar systems;
  • research, design, prototype and development of radio frequency  products.

Electron Progress EAD covers the whole project development cycle from feasibility studies (including site surveys) through basic engineering, civil works, detailed engineering, procurement, implementation, personnel training, commissioning and operational maintenance as per the end-user requirements. Depending on the specifics of a project, the Company may also be subcontractor, offset partner or consultant.

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