Micro Technologies announces entry in US market

Released on = July 26, 2007, 3:39 am

Press Release Author = Sarah Jacob Tharakan

Industry = Software

Press Release Summary = Micro Technologies (India) Limited (BSE: 532494) plans to
extend its operations to the US market through its subsidiary - Micro Technologies
US Inc and looks forward to a generate revenues worth Rs. 200 crore out of this
operation in around one and a half year

Press Release Body = Micro Technologies (India) Limited (BSE: 532494) has finalized
strategic plans to expand its operations for marketing Micro Security products in
the US market. The company plans to extend its operations to the US market through
its subsidiary - Micro Technologies US Inc. which comprises a core team of qualified
and experienced professionals possessing expertise in marketing security solutions.

The FCCB funds worth Rs. 60 crore issued recently would be used for marketing
extensive operations of Micro Products into US market. Revenue amounting to Rs. 200
crore out of this operation is expected to flow in the next 18 months.

Commenting on this development Dr. P. Sekhar, Chairman and Managing Director, Micro
Technologies (India) Limited said, "The US market holds good potential for the
security solutions of home, office and automobiles. We at Micro Technologies are
very excited about our foray in the US. Through our consistent research on design
and customization of our products I am positive to achieve our targets in the
geographies we plan to enter".

Initially Micro VBB (Vehicle Black Box), an exclusive product with features of
vehicle navigation and logistic solutions is among the products identified for US
Markets. Another potential Micro product for US foray is Micro ACS (Access Control
System), which has been taken into consideration due to various security reasons and
ACS with its unique features will address the various aspects of infrastructure
security and access control as a single product.

The Company had recently entered into a strategic agreement with TWI International
PTY Ltd. to market Micro VBB to South Africa. Micro Technologies continues its
endeavour to provide high value products with extensive safety features to the
targeted segments. The segments comprise of Courier Companies, Taxis, Maintenance
and Service Departments etc. at an extremely affordable cost.

Web Site = http://www.microtechnologies.net

Contact Details = Sarah Jacob Tharakan (sarah.tharakan@adfactorspr.com)

Adfactors PR Pvt. Ltd.

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