Micro Technologies vehicle security products enters South African Market

Micro Technologies India Ltd has announced that the Company has entered into a strategic agreement with TWI International PTY Ltd to market Micro VBB (Vehicle Black Box) to South Africa, which is one of the largest markets for these Security solutions.

Requirement of Vehicle Security across the globe has increased to an enormous Level with the increasing number in vehicle thefts. "Micro VBB" developed by the Company is security and messaging anti-theft device. This intelligent box senses any intrusion of vehicle doors and immediately communicates such events to the registered users mobile through SMS, with several other unique features its offers total security to one"s vehicle.

South Africa and other adjoining countries have a very lucrative and rapidly expanding Market, which offers excellent opportunities for the Company"s vehicle security products. The market is aware of the fast pace of the new technologies involved in Security Management and the need for up-to-date asset security and safety systems, combined with an early-mover advantage will give the Company an edge above the others.

TWI based in Cape Town South Africa has its offices in Durban and Training staff over 2 continents. TWI has a record of implementing productivity improvement programmes in vehicles worldwide, implementing programmes in South Africa, Zimbabwe, United Kingdom, Thailand, Sweden, Germany, Romania, Ghana and Malawi and have now entered into an agreement with the Company to market these security solutions in this lucrative market. After testing this products and getting approvals from required authorities including Insurance Companies in South Africa. Mr. Victor Chinn, Managing Director of TWI International on the signing of this agreement said "These systems have got very good acceptance after installing these on several vehicles. We have observed that this is the best solution, which could be offered to the vehicle owners in South Africa, which reports largest Vehicle Security problems. We have vehicle owners as one of our large buyers along with corporate and large Government bodies like Police who have shown great interest for efficient management of their fleet through the use of Micro VBB".

The expansion of the Company to South Africa and adjoining countries is an important development for both the security segment and the Company. As a global Company, it continue to expand the horizons in terms of the security product offering to the customers and growing its footprint geographically.

Source : Equity Bulls

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