Micro Technologies wins major Vehicle Tracking & Security Contract from large Petroleum Corporation

Micro Technologies India Ltd has announced that the Company has bagged a major contract to provide next generation fleet security and tracking solution. The Company has won this contract from a major petroleum corporation in the face of stiff competition from global IT solution providers. This order is one of the single largest contract and a major achievement for the company.

This contract has been facilitated by the ultimate security provided with the receipt of the approval from Controller of Explosives maintaining the Company's position as a leading provider of fleet security and tracking solution. This has also generated several global enquiries and interest in the solution. The company hopes to leverage this order and is in talks with major global petroleum conglomerates.

The innovative products of the Company abets in maintaining security cum safety in industries dealing with inflammable products and through this initiative the Company targets segments like petroleum, petrochemical, liquor, arms and ammunitions etc. There are a large number of petrol tankers, which need immediate attention for security and tracking. The Company through its solution will help in fulfilling this need.

Over the years the Company has developed a wide range of security and IT products using its leverage over various state-of-the-art technology platforms such as Embedded, Web-based and client server applications. Some of the company’s focus areas comprises of Security, E-commerce, Telecommunication Wireless Technology and GIS. The Company’s products are for a competitive, knowledge-based society, and confirms the key role of research and technological development for economic growth. The Company has spearheaded a movement against the calamities, natural or human engineered and has identified the crucial need for a comprehensive mechanism for combating any kind of such disaster.

The Company through its high visionary approach has sealed this unique position of winning the order. The order is likely to propel the turnover and enhance the status of the Company as worldwide security solutions provider to major Petroleum organizations.

Source : Equity Bulls

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