Micro Technologies enters into a strategic agreement with Srilankan firm
Micro Technologies India Ltd has entered into a strategic agreement with I-systems to market Micro Products and its licenses to Sri Lanka.
Colombo-based, I-systems has been into construction and real estate business for last 20 years.
Kavinda Jayasooriya, Managing Director, I-Systems said, “ Sri Lanka has a very lucrative and rapidly expanding Market, which offers excellent opportunities for Micro Technologies security products and their product licenses. The increasing demand of security at homes and vehicles have given birth to new security demand altogether.”
Navi-Mumbai based, Micro Technologies is a leading provider of the much security devices, life support systems and web-based software solutions to the global audience. The company products are globally recognized through its innovation, perfection and quality.
Presently, Srilankan market doesn't have GSM based product and the market is conscious of the fast pace of the new technologies involved in Security Management and the need for up-to-date asset security and safety systems, combined with an early-mover advantage will give Micro Technologies an edge above the others.
The expansion of Micro Technologies to Sri Lanka is an important development for both the security segment and the company.