Micro Technologies forays into the Middle East

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Micro Technologies forays into the Middle East

Micro Technologies forays into the Middle East. Ties-up with Lazer Technology Solutions, an IT company based in Dubai

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Micro Technologies (India) Ltd. (MTIL), a leading provider of Security Devices, has signed a Memorandum of Understanding (MOU) with Lazer Technology Solutions granting rights for the distribution of its selected security products in the Middle East and Egypt. The company had earlier issued 0.5% FCCBs worth US $ 15 million as part of its expansion in the Middle-East, particularly the Kingdom of Bahrain.

"It has been observed that there are fluctuations in the exchange rates but these fluctuations would not impact the bottom line of the Company. On the contrary, this agreement is expected to bring added benefit to Micro Technologies even in the present scenario", says Dr. P Sekhar, Chairman and Managing Director, Micro Technologies (India) Ltd.

The company has started up with the distribution in Egypt and has received an overwhelming response in the Middle East. Micro Technologies being ranked No.2 in the recently concluded GITEX Technology Week where roughly 3,300 exhibitors from 82 countries spread out over 64,000 square meters of floorspace participate in itself speaks the success story of the company in the Middle-East. GITEX 2007 is held in Dubai from the 8th to 12th of September every year and is the Middle East's largest and most popular technology exhibition.

The safety and security products industry in Egypt is growing steadily and is governed by the Ministry of Interior, Government of Egypt. The Egyptian Government is looking for specialized companies working in the field of security and other related business to become acquainted with the most up-to-date security technology available and Micro Technologies is well positioned to get into the market with its high-end technology.

Lazer Technology Solutions has been a leading provider of IT solutions and services in several key domains. Its state-of-the-art software, technology and dedicated development team enable users to accomplish complex-tasks in web centric environment with relative ease with the aim of maximizing their business performance by providing seamless access to data. The focus is to provide an in-depth coverage of the customer's business requirements. They possess a strong world-class infrastructural background with development centers in USA, India, UAE and sales offices around the world. Lazer Technology Solutions focused, strategic agenda crafts an environment where creative ideas flow and conversations generate informed and intelligent decisions.  

Sourced From: Adfactors Public Relations Pvt Ltd