Released on: 26, July 2007
, Author: Sarah Jacob Tharakan
, Audience: Software related
Micro Technologies (India) Limited (BSE: 532494) has finalizedstrategic plans to expand its operations for marketing Micro Security products inthe US market. The company plans to extend its operations to the US market throughits subsidiary Micro Technologies US Inc. which comprises a core team of qualifiedand experienced professionals possessing expertise in marketing security solutions.
The FCCB funds worth Rs. 60 crore issued recently would be used for marketingextensive operations of Micro Products into US market. Revenue amounting to Rs. 200crore out of this operation is expected to flow in the next 18 months.
Commenting on this development Dr. P. Sekhar, Chairman and Managing Director, MicroTechnologies (India) Limited said, The US market holds good potential for thesecurity solutions of home, office and automobiles. We at Micro Technologies arevery excited about our foray in the US. Through our consistent research on designand customization of our products I am positive to achieve our targets in thegeographies we plan to enter .
Initially Micro VBB (Vehicle Black Box), an exclusive product with features ofvehicle navigation and logistic solutions is among the products identified for USMarkets. Another potential Micro product for US foray is Micro ACS (Access ControlSystem), which has been taken into consideration due to various security reasons andACS with its unique features will address the various aspects of infrastructuresecurity and access control as a single product.
The Company had recently entered into a strategic agreement with TWI InternationalPTY Ltd. to market Micro VBB to South Africa. Micro Technologies continues itsendeavour to provide high value products with extensive safety features to thetargeted segments. The segments comprise of Courier Companies, Taxis, Maintenanceand Service Departments etc. at an extremely affordable cost.
Source: Express-Press-Release.com
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