Salzer Electronics receives patent for 'Integral Cam Operated Rotary Switches'

Salzer Electronics Limited (BSE: 517059, NSE: SALZERELEC), among leading players offering total and customised electrical solutions, has announced that the Company has received a patent for its Integral Cam Operated Rotary Switches.

Salzer received the patent for this invention from the Patent Office, Government of India, for a duration of 20 years, ending 2031. This reflects the Company's relentless efforts towards innovation and technology and paves the way for future product development.

Integral Cam Operated Rotary is one of the legacy products providing substantial revenue contribution. This patent protects distinguished features and brand equity of the product in the market.

Commenting on this development, Mr. Rajesh Doraiswamy, Joint Managing Director, Salzer Electronics Ltd said: "I am happy to announce that we have received the much-awaited patent for our Integrated Cam Operated Rotary Switches.

The Government of India granted us the patent for this invention for 20 years, ending in 2031. This development reflects our focus on innovation and technology and sets the tone for future product development.

In line with our ethos, we continue to build on our technological capabilities while staying abreast with new trends and opportunities in the industry. I would like to thank the entire team of Salzer and all our stakeholders for supporting us and taking us forward."

Shares of Salzer Electronics Limited was last trading in BSE at Rs. 192.40 as compared to the previous close of Rs. 192.35. The total number of shares traded during the day was 14993 in over 500 trades.

The stock hit an intraday high of Rs. 195.90 and intraday low of 186.80. The net turnover during the day was Rs. 2876631.00.

Source : Equity Bulls

Keywords

SalzerElectronics INE457F01013 Patent IntegralCamOperatedRotarySwitches