Press Releases
Press Release: Zen’s Overseas Initiative & Order Position
Hyderabad, 30 October 2008: The Hyderabad based Zen Technologies Limited (www.zentechnologies.com) (BSE:533339) is a manufacturer of advanced training simulators. Zen has recently firmed up plans to venture overseas with its Driving Training Simulator, with special emphasis on Europe. In this regard, Zen has been able to get commitment for financial support from Technology Development Board, Govt. of India in the form of a soft loan to the tune of Rs 4.60 Crores. Company expects to make a break through in this market in the next 2 years.
Zen has pending orders, as on September 30, 2008, of Rs 74.99 Crores (previous year: 0.94 Crores) and expects to execute these orders in the next 15 months.
Zen is aggressively investing in R&D for building a healthy product pipeline to service existing customers as well as venture into new markets like mining.
About Zen Technologies.
Zen Technologies Limited, incorporated in 1993, is into designing, developing, and manufacturing world-class state-of-the-art training simulators. Zen is an ISO 9001: 2000 and ISO ISMS 27001:2005 certified company. Zen has CRISIL rating of SME 1 indicating ‘Highest level of creditworthiness, adjudged in relation to other SMEs’.
Disclaimer:
This press release may include forward-looking statements based on our current expectations and projections about future events. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. Such factors include, but are not limited to, changes in local and global economic conditions, our ability to successfully implement our strategy, the market acceptance of and demand for our products, our growth and expansion, technological change and our exposure to market risks. By their nature, these expectations and projections are only estimates and could be materially different from actual results in the future.
