Micro Technologies trades higher on bagging order for supply of Micro UVSS

22 Oct 2012 Evaluate

Micro Technologies is currently trading at Rs. 41.35, up by 1.55 points or 3.89% from its previous closing of Rs. 39.80 on the BSE.

The scrip opened at Rs. 39.95 and has touched a high and low of Rs. 41.70 and Rs. 39.25 respectively. So far 24809 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. 42.50 and Rs. 38.95 respectively. The current market cap of the company is Rs. 134.37 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 (India), a leading global developer and marketer of security devices and solutions has received orders from India’s largest banks for the supply of its Micro Under Vehicle Surveillance System (Micro UVSS) for carrying out security checks on vehicles and Micro Access Control System (Micro ACS) for authenticating defined entities entering its premises and specific areas.

Micro UVSS facilitates the careful scrutiny of the under vehicle by providing the entire image of the underside of the vehicle to detect suspicious objects. In contrast to the conventional under vehicle inspection methods, like hand-held mirrors or inspection wells, it is an advanced security solution enabling visualization of underside of any vehicle in real time. It helps security in-charge to check vehicle to detect possible threats e.g. Bombs, arms, contrabands, drugs, trespassing etc.

Micro Technologies, is a leading India-based IT company that offers cutting edge security solutions. The company aims to display not just the technological innovation and prowess, but also the product diversity in various segments of vehicle, premises, mobile, other assets and energy and health segments.

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