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If there is one Legal way to Become Rich early, it is by Investing in Stocks and Real Estate. In this Blog you will not see general news which are available at numerous sites, instead u will get filtered news and opinions which matter. Many a times some small but important news were overlooked because of simultaneous big event, I try to put all those news in my Blog. The Home Page shows posts of only last 10 days. To see all the posts click on the month in the Archive section.

Saturday, September 08, 2007

Genus Overseas - Electricity Goes Pre Paid

Genus Launches RFID Based Electric Meters

Genus Overseas Electronics Ltd has announced that it has come out with a RFID based contactless smart card Pre Paid meter, which has distinct advantages over the conventional key paid based or plug in type card based Pre Paid Meters. The new developed product is in line with the 11th Power Plan recommendation on Pre Paid Meters.

The new product will ensure advance revenue collection for the utilities and with the Government policies aligning to promote the concept will have a huge market potential in coming years.

The pilots for the technology have already started in India and the product is getting an international acceptability. Recently Genus pre paid meters have been approved by Brazalian Utilities.

Genus is providing the complete infrastructure in terms of vending station, servers and relevant software and in all probability will ensure a better revenue recovery model for Electricity Utilities.

Genus is expecting very good orders for the aforesaid new product from State Electricity Board and Private Utilities.

For over a decade "Genus" has been providing Technically advanced Metering Products and Solutions through which Electricity Distribution Utilities have been able to control and reduce the Electricity theft and have also been able to improve the revenue recovery.

Source : Bombay Stock Exchange

Labels: Genus Overseas

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