Outcome of Board Meeting

| Updated on May 22, 2015 Published on May 22, 2015

Kernex Microsystems India Ltd has informed BSE that the Company has signed a Memorandum of Understanding with M/s MRT Signals Limited, 2, Raja Woodmunt Street, Kolkata - 700 001, to combine their strengths, resources and professional capabilities, to jointly bid and execute projects related to Train Collision Avoidance System (TCAS) and similar safety systems in the future. This strategic alliance will help both the companies to bid and execute large size projects, and provide reliable maintenance support to the users.

TCAS and similar projects are likely to be taken up in Indian Railways in the immediate future.

This MOU stands approved by Board of Directors meeting held on May 18 2015.

Source : BSE - >www.bseindia.com

Published on May 22, 2015
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