MIC Electronics shines on receiving a patent for LED Digi-poster

07 Sep 2016

MIC Electronics is currently trading at Rs. 17.28, up by 2.88 points or 20.00% from its previous closing of Rs. 14.40 on the BSE.

The scrip opened at Rs. 14.57 and has touched a high and low of Rs. 17.28 and Rs. 14.13 respectively. So far 511923 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 28.65 on 06-Jan-2016 and a 52 week low of Rs. 13.00 on 07-Jun-2016.

Last one week high and low of the scrip stood at Rs. 14.94 and Rs. 13.60 respectively. The current market cap of the company is Rs. 280.66 crore.

The promoters holding in the company stood at 19.91%, while Institutions and Non-Institutions held 0.22% and 79.87% respectively.

MIC Electronics has received a much awaited patent for its ‘LED Digi-poster’, the key for next generation digital display technology for various applications across the world. This patent is valid up to the year 2028. 'Digi-Poster' or 'LED Digi-Poster' is an intelligent, integrated LED based, robust and rugged display device meant for use in advertisements or information dissemination, either indoors or outdoors.

The Poster has several inherent advantages over existing methods and can display images that are loaded or altered locally or remotely. 'Digi Poster' supports multiple pixel resolutions including virtual pixel concept using MIC's Patented Scan plus technology and multiple data / image formats as well as display live information. The 'DigiPoster' can be deployed in fixed or mobile applications. The market potential for devices employing this technology is extremely large. A current example is the Indian Railways' Railway Display Network (RDN) Project.

Moreover, MIC Electronics was one of only three companies awarded a contract to supply a new LED based coach light fixture to the Indian Railways. This is the Railways initial foray into this type of lighting. While this initial order will furnish lights sufficient for 60 coaches, these types of fixtures will now become standard fittings in all new railway coaches and will also be used as retrofit devices in old running coaches - a potential market of more than 120,000 coaches for the Indian Railways alone.

Reflecting its technology leadership, MIC Electronics was the first company to have been approved for this type of coach lighting by RDSO of Indian Railways.

 

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