MIC Electronics Ltd has informed about the following:
1. The Company has received an order and license from Delhi Metro Rail Corporation for installation and maintenance of 25 nos. of full color day and night LED Video display boards at 8 metro stations of line-3 worth Rs 45 Crores, to be installed in the next six months. These LED displays will be networked and controlled front a single location and are first of its kind for Indian Railways.
2. The Company and InfoSTEP Inc.(Subsidiary of MIC Electronics Ltd.,) has jointly developed a Global digital Billboard exchange solution, GLOBIX, The GLOBIX solution facilitates clients to reach out to most optimal Out-of-home (OOH) advertisement locations to target brand advertising. The billboards owners will be able to optimize the utilization of their advertisement space. This solution opens up opportunity for small businesses and consumers to advertise on billboards on demand across the globe. GLOBIX will be launched with an initial database of all MIC's digital billboard locations starting with Delhi Metro Rail stations at New Delhi. The total market potential of OOH advertising is projected to be more than INR 17.5 billion over next 3 years. GLOBIX will allow MIC to play a key role in this market.
3. Maave Electronics Pvt Ltd (Wholly owned Subsidiary of MIC Electronics Ltd.,) has received orders from different Zonal Divisions of Indian Railways along with the Coach factories for the supply of approx 20000 nos of Coach Emergency LED Lamps worth above Rs 8 Crores.
4. MIC Electronics Inc. (Wholly owned USA subsidiary of MIC Electronics Ltd.) and LEDSTAR of Canada have entered into a strategic partnership to deploy Intelligent Transportation Systems (ITS) and LED single / full colour Variable Message Signs (VMS). The partnership enables MIC Electronics to address the rapidly growing ITs / VM3 market in India.
5. MIC Electronics Inc. received its first order from GMR Expressways Pvt Ltd, India for LED Variable Message Signs (VMS) for highway projects in Andhra Pradesh & Tamil Nadu. The order size is Rupees eight Crores (Approx. USD 2 Million).
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