This small-cap stock is likely to be in electrifying mode today; watch out!
This patent protects distinguished features and brand equity of the product in the market.
Salzer Electronics Limited, which offers total & customised electrical solutions, announced that the company has received a patent for its integral cam-operated rotary switches.
Salzer received the patent for this invention from the Patent Office, Government of India, for a duration of 20 years, ending in 2031. This reflects the company’s relentless efforts towards innovation & technology and paves the way for future product development.
Integral cam-operated rotary is one of the legacy products that provide substantial revenue contribution. This patent protects distinguished features and brand equity of the product in the market.
Rajesh Doraiswamy, Joint Managing Director, Salzer Electronics Ltd expressed, “I am happy to announce that we have received the much-awaited patent for our integrated cam-operated rotary switches. The Government of India granted us the patent for this invention for 20 years, ending in 2031. This development reflects our focus on innovation & technology and sets the tone for future product development.”
He further added, “In line with our ethos, we continue to build on our technological capabilities while staying abreast with new trends and opportunities in the industry. I would like to thank the entire team of Salzer as well as all our stakeholders for supporting us and taking us forward.”
The stock is up by 1.46 per cent on a YTD basis while in the last one month, it has delivered gains of 12.23 per cent.