Dixon enters into binding term sheet with Ibahn Illumination

Bluetooth Mesh is a computer mesh network standard based on Bluetooth Low Energy (BLE).

September 20, 2022 9:16 IST | India Infoline News Service
Dixon Technologies announced that it has entered into binding Term Sheet with Ibahn Illumination Private Limited (‘Ibahn’) whereby Ibahn has agreed to transfer its cutting-edge Technologies of smart lighting solutions.
The Technology which is going to be transferred shall include the technology developed by Ibahn pertaining to BLE Mesh Smart Lighting (App, Firmware, Hardware, and Cloud Hosted Database) that provides customers with a wide range of combination & control as well as work-in-progress technology pertaining to WiFi based technology solutions for its lighting products.
Bluetooth Mesh is a computer mesh network standard based on Bluetooth Low Energy (BLE), which is a wireless personal area network technology designed to provide low-cost & low energy consumption connectivity. 
Atul B. Lall, Vice Chairman & Managing Director of Dixon Technologies stated, “We are thrilled to buy the smart lighting solutions from Ibahn to offer the best of lighting & technology to our consumers in lighting business.
I am confident that this addition of smart lighting solutions to the existing technology & R&D base of the Company shall prove to be the prominent milestone in our journey of continuous innovation in our Lighting business.”

On Tuesday morning trade, Dixon Technologies (India) Ltd is currently trading at Rs4,485 per share up by Rs84.3 or 1.92% from its previous closing of Rs4,400.70 per share on the BSE.

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