Along with Optix headquartered in the same town, the company is the main producer of optical equipment for the defense industry of Bulgaria.

In the same year in the nearby town of Strelcha was inaugurated the first subsidiary branch of Opticoelectron, the Worshop for Custom Equipment.

The plants that remained affiliated with the main factory in Panagyurishte were several workshops in Strelcha, Lesichovo, Karabunar, Dospat and Ihtiman.

[2][3] The profound economic changes following the transition to a market economy after the Bulgarian Communist Party gave up power in 1989 had a significant impact on Opticoelectron.

[5] The company produces a wide arrange of military equipment, such as anti-aircraft and ground artillery sights for firing in daytime and in nighttime; day, night and thermal optical sights; SWIR lenses; laser rangefinders; laser target designators; surveillance systems; optical systems for armored vehicles; video observation, etc.

As part of the national and EU efforts to reduce emissions, in 2023 it commissioned a 5 MW solar power plant within the company's premises.