Event Date: August 8, 2024
ACS Technologies' CMD's Newsletter - August 2024 Edition highlights key business and technological advancements.
Technology and Business Inroads: The newsletter states that ACS Technologies' technology and business development are aligned to achieve the goals of generating twofold revenue and increased intellectual property for the company.
AI Project for Defence Concluded: A "Made in India" software implementation for a Defense Organization, utilizing Artificial Intelligence and Neural Network models, has been completed and is about to Go Live at the client site.
New IOT Smart Products and Platform Heading for Alpha Testing: ACS Technologies is developing a new IOT platform with a web portal for operations, support, and analytics, along with cross-platform mobile apps for end-users. This platform is heading toward Alpha Testing within the next few weeks. The product is anticipated to launch for the Home and Building Automation segment within 2 months after Beta Testing and Go Live. ACS has designed its own automation Electronics Sensors and Controllers, which are undergoing lab testing before mass production.
ACS Bags a Large Defence Order for Implementation of Cybersecurity: ACS Technologies has received a large order to implement cybersecurity for the Defence sector, complementing their domain expertise and experience in AI, Physical/Electronic/Cyber Security, and creating secure IT infrastructure.
Getting Smarter - Major Smart Street Lighting Contract: ACS has entered the Smart Streetlighting systems market with a major contract in the government sector, which is expected to generate revenues in the range of Rs 40 to 50 Crore within the next year.
Investors Update: Regarding the post-listing approval status, ACS Technologies is in the final stages of completing the procedural aspects of crediting shares to respective shareholders as per the listing approval. The company anticipates completing the process in a few more days and will approach BSE to announce the trading date after completion.
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