Order Book Size about Rs 75 Crores
For the first three quarters of the financial year, the sales of the company were Rs 683.93 Lacs (previous year corresponding figure Rs 3828.39 Lacs) due to the uncertain nature of the business. Some large orders expected in the first 9 months of the financial year did not materialize as expected.
On the game side, Version 2 Games Ltd, the subsidiary of Zen Technologies is on its way to release SnS, an action based car game. The release of the game is expected to be around second quarter of the financial year 2011-12. The release of the game was delayed to incorporate the feedback received from experts during the play testing.
Zen Technologies venture into European market has been put on hold due to the current financial crisis being experienced by the European countries
About the company
Zen Technologies Limited, incorporated in 1993, is a pioneer in design, development and manufacture of world-class, state-of-the-art training simulators. Our mission is to provide our customers the highest level of products and services in our areas of expertise. Zen has an ISO 27001:2005 (ISMS), ISO 9001:2008 (QMS) certification.
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, intense competition, political instability and general economic conditions affecting our industry. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.