Micro Technologies edges up on introducing new version of Micro Vehicle Black Box

24 Dec 2012 Evaluate

Micro Technologies (India) is currently trading at Rs 43.25, up by 0.15 points or 0.35% from its previous closing of Rs 43.10 on the BSE.

The scrip opened at Rs 43.35 and has touched a high and low of Rs 44.30 and Rs 42.50 respectively. So far 38943 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 91.38 on 22-Mar-2012 and a 52 week low of Rs 38.05 on 11-Oct-2012.

Last one week high and low of the scrip stood at Rs. 50.40 and Rs. 42.55 respectively. The current market cap of the company is Rs. 146.82 crore.

The promoters holding in the company stood at 36.16% while Institutions and Non-Institutions held 0.88% and 62.96% respectively.

Micro Technologies (lndia), a leading global developer and marketer of state-of-the-art security devices and solutions has introduced a new high-tech version of Micro Vehicle Black Box (VBB) integrated with fuel sensor to be deployed in an established municipal corporation's vast fleet in western India as its first client for the new product. The company is going to give this innovative solution to a 63 year old municipal corporation amid stiff competition, due to its cost effectiveness and technological superiority.

Micro VBB Tracker with Fuel Sensor is a GPS based innovative system for vehicle monitoring and tracking. Micro VBB hardware embedded in vehicle is integrated with web based interface called as Micro FMS using GlS, GSM /GPRS/SMS. lt furnishes timely and useful reports on transit thefts, deviations from defined routes, missed pickups or deliveries, unsafe driving habits, consignment tracking, delivery schedules, inaccurate fuel and mileage records, excessive fuel consumption and maintenance costs.

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