Micro Tech bags $20 mn order from Kuwait firm

Security solutions provider Micro Technologies (India) today said it has bagged an order worth $20 million (about Rs 91 crore) from Kuwait-based Fahad Al-Kulaib to supply security products. Micro Retail, the retail subsidiary of Micro Technologies has entered into an agreement with Fahad Al-Kulaib for a total deal size of $20 million, Micro Technologies (India) said in a filing to the Bombay Stock Exchange. "It is a great pleasure to get associated with a company who has proven track record for the past several years for making innovative products. We will do our utmost to get Micro Technologies products establish in Kuwait and simultaneously market it all over the Gulf and Middle East Countries," Fahad Al-Kulaib General Manager Gomes said. The company would offer products for vehicle, mobile security and tracking, premises security and vessel monitoring system, the filing added. Kuwait-based company would market the company's range of product and carry out direct marketing campaign to expand the business in their domestic and adjoining markets, it said.