Micro Technologies (India) Ltd today announced that it has secured an order from its Israeli distributor to provide ‘trolley management system’ at major international airports.
The ‘trolley management system’ is meant to trace, track, sort by batches and thereby optimise the use of trolleys in airports.
This is done by providing RFID tags and linking them with trolley serial numbers. Linked with flight information systems, the trolley management system estimates the need for trolleys at different areas of the airport at any given point in time.
The system also helps in bringing down “disappearance” of trolleys at airports.
The company has not disclosed the name of the customer or the value of the order. An email query from Business Line requesting details is yet to be answered.
Micro Technologies achieved a turnover of Rs 167.43 crore in 2011-12 and made a net loss of Rs 6.85 crore. However, in the first quarter of the current year, turnover was Rs 95 crore and net profit was Rs 5.92 crore. Each share earned Rs 3.27.
On the NSE today, the company’s share opened at Rs 40.50 and is currently trading around Rs 39.75. The company had come out with a 1:1 bonus issue in July.