Zen Technologies Secures Patent for T90 Simulator

26 Nov 2024 , 05:31 PM

Zen Technologies Ltd shares gained nearly 2% in early trade on November 26, a day after the company announced it had secured an Indian patent for its T90 Containerized Crew Gunnery Simulator (T90 CGS) on November 25.

The company had secured its 20th patent this year and the 10th in the financial year 2024-25, as per the stock exchange filing. T90 CGS advanced training simulator, for reinforcement of the practices of a T-90 tank’s commander and gunner-the two persons on whom depends the entire preparedness of an armored regiment.

The system replicates actual battlefield and operation conditions with artificially intelligent responses from the targets, providing an effective simulation.

It’s features:

• 3 degree of freedom motion platform simulating actual firing dynamics.
• Two fully equipped platforms to accommodate gunner and commander, just like in T-90 with the tank turret.
• Customizable training scenarios ranging from individual skill building to crew coordination under time constraints.
• The simulator also aims for the international markets; catering to diverse operational needs of foreign militaries.

The mid-term result of Zen Technologies showcases that the firm has net profit from the Q2FY24 value stood ₹62.6 crore, with multi-fold growth into ₹15.3 crore of Q2FY23. Revenue jumped 263% to ₹241.8 crore, compared to ₹66.5 crore in the same quarter last year.

As of September 30, 2024, the order book of the company was at ₹956.74 crore. The company bagged ₹100 crore in the second quarter through Qualified Institutional Placement (QIP). Last month, the company had won a ₹46 crore annual maintenance contract (AMC) from the Ministry of Defence that includes GST.