Micro Technologies India Ltd
Micro Technologies India Ltd - A global provider of security, safety and life-support solutions.
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7 comments:
Launched Micro BTS (Buddy Tracking System).
MBTS is a location-based product that helps mobile users to be in touch with their friends.
It also has good business application.
FY09 Q1 topline at 66 crore.
FY09 Q1 bottomline 18 crore.
EPS at 16.67/-
August, 21 2008
Subject:
Micro Technologies - Press Release
Announcement:
Micro Technologies India Ltd has informed BSE regarding a press release titled "Micro Technologies expands to Kenya"
Press Release
"Micro Technologies (India) Ltd, A global provider of security solution products expands its business to the Kenyan market to provide a highly advanced security solution products across the country. Micro Technologies aggressively plans to market Micro Products licenses to Kenya with its premium partners. The range of products marketed would be in the category of security and life support solutions for vehicle, premises and mobile.
Kenya is the regional hub for trade and finance in East Africa with a population of 37,953,838 and 11.44 million mobile users, After the test marketing and thorough understanding of the need security products amongst the common masses, Micro Technologies with its widely accepted range of products gauged a great market potential in the Kenyan market.
There is a high crime rate in regions of Kenya particularly in Nairobi, Mombasa, Kisumu and coastal beach resorts. However, the most common crime in Kenya is car-thefts or carjackings and the property related crimes. It can be prevented by using an advanced technology driven method which can be through the use of sophisticated and innovative security solutions.
Micro Technologies (India) Ltd is a leading global developer, manufacturer and marketer of IT based security solutions for its clients across the globe. Products range includes the much-needed security devices, life support systems and web-based software. It is one of the most valued security solutions across the globe and has been accorded with Global awards and the Maharashtra IT Award for its R&D. Micro Technologies aims at displaying not just the technological innovation and prowess but also the product diversity in various segments of vehicle, premises, mobile, other assets and now entering Energy & Health Segments.
After being successfully tested for past 4 months with Kenyan users this, expansion will surely be beneficial for the company. With the overview of the urge for security requirements of Kenya. Micro Technologies would expect huge amount of business in the IT-based products in security domain and associated business areas."
-manish
Micro Shoppe in expansion mode:
31 Aug, 2008, 0202 hrs IST, ET Bureau
MUMBAI: Micro Technologies, a city-based security products company, is on an expansion mode by leveraging locations of Hindustan Petroleum Company (HPCL).
Starting with five HPCL petrol pumps in Mumbai, in three months, 500 HPCL outlets will have Micro Shoppees, retail stores of Micro Technologies. The numbers will go up to over 7,000 in future, Micro Retail CEO Vivek Rai said. Micro Technologies runs its retail business through Micro Retail.
“We have long been associated with HPCL. They (HPCL) have been using our products and has won awards owing to it. Therefore, we have decided to kick-start the process by forging alliance with HPCL. This will be extended to other partners later,” Rai told ET. Revenues from these outlets will be shared between both the companies.
Micro Retail has 100 outlets of Micro Shoppees. It will invest Rs 5-7 lakh for setting up each store. Nearly 20% of the stores are company-owned while the remaining is owned by dealers. The average store size is 500 square feet with an average monthly rental of Rs 15,000.
It had a turnover of over Rs 30 crore last year which is expected to quadruple by next year. Micro Retail’s hardware products constitute 45% of its turnover while the software business earns 55%.
Mr Rai added, “People save on insurance buying our products. thankfully, we are a cash-rich company. We are also supported by the strong balance sheet of our parent company, Micro Technologies.”
Mr Rai said that they have no competition excepting the category consisting of video-phones, which are negligible. The combined turnover of video-phones is nearly 2% of the company.
Micro Retail has received overseas contracts. It will soon expand its operations in Sri Lanka, Middle East( mainly UAE, Saudi Arabia), East and South Africa. It has already signed agreements with dealers in these countries for distribution of products.
-manish
Net profit at 17.75 crore with EPS at 16.18/-.
Notes:
1. Company has majorly shifted to licensing model to maintain its profits.
-manish
Micro Technologies introduces its Security System for Two-wheelers
NWC News Network, Dec. 05 2008, 1100 hrs
Micro Technologies has recently launched a hardware based security system for motorbikes and scooters. Called the Micro Bike Security System (Micro BSS) the device is aimed at providing a reliable security system for two-wheeler segment in the market.
The two wheeler market in India is one of the biggest contributors to the automobile industry in the country, with a size of Rs. 100,000 million and recorded growth of about 25%. With this recent increase in the sales, especially during the festive seasons, the concern for security has grown. Around 2205 two wheelers were reported stolen in Mumbai out of which the recovery rate is has been only around 50%.
“Today, major chunk of the nation uses motorbikes. Security has become one of the biggest issues in the current scenario. Recognizing people’s need, we have come up with a very cost-effective security system after extensive research to ensure security for two-wheeler vehicles. While a number of alarm and security systems are available, this device not only offers a proactive way of securing a two-wheeler vehicle, but also makes the owner aware of any tampering that their two-wheeler might be subjected to, “said. Vijay Merchant, VP Marketing, Micro Technologies.
The device consists of a small hardware unit fitted on to the bike along with a small receiver unit. In the event of movement or tampering of the bike, the owner is immediately alerted through an alarm. It immediately informs the owner through an audio alert along with a vibrator in case if anyone opens the handle lock of the bike, removes side/main stand, tampers the ignition, or tries to start the bike by hotwiring.
The device will be soon available at all Micro Shoppies across the country.
Micro Vehicle Black Box now at Lucas retail outlet `Car Plus`, a large chain of retail
showroomso f vehicle accessoriess preada crossI ndia `.
Micro Retail Ltd, a subsidiary of Micro Technolcigies signed a Mou with Lucas-`Car
plus, engaged in retailing of vehicle accessories through its large chain of retail
showrooms. Micro Technologies would sell licenses of Micro VBB to Car Plus. Car Plus
after evaluation has identified to integrate Micro Vehicle Security Product with its
existing portfolio. car Plus with its rigorous expansion plan is looking at opening up
retail storeso ffering a complete range of vehicle accessoriesin India wherein Micro VBB
would be one of the products.
Mico Technologies new initiative-`Technology Empowering Education`
Working on the concept of engrossing technology in various sectors Micro Technologies
enters into the educational sector through its innovative initiative-`Technology
Empowering Education`. Micro Technologies ([:rdia) Ltd ties up with SIES College of
Management Studies to collaborate and establish joint activities in the niche domains of
Business Management and technology programs. Micro Technologies would work for
implementing high-end technology for the modemization of their existing
infrastructure. Micro Technologies would also offer back-end academic support to SIES.
Numerical Data places an order of 1", 00,000 units Micro Buddy Tracking System to
market & sell it in the Netherlands and saudi Arabian Market
Numerical Data, afirm based in Netherlands places an order of 1, 00,000 units of Micro
Buddy Tracking System. Both Micro Technologies and Numerical Data entered into an
agreement wherein Micro Technologies would offer it`s well tested Micro BTS to
Numerical Data. Micro Technologies would also provide all the Technical Support
Man-power support and would help in setting up of manufacturing unit both in
Netherlands and Saudi-Arabia. Numerical Data would create Dealers Network and
would give sale and after-sale support to its dealers. Numerical Data would also
conduct deep market research and provide a business plan in both the Netherlands and
Saudi-Arabian Market for the coming few years.
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