Zen Technologies is making a strategic push into the U.S. defense market. The company has formalized its partnership with Applied Visual Technology Inc. D.B.A AVT Simulation, a premier provider of customizedtraining systems, through a Memorandum of Understanding (MoU) inked today in Florida. This collaboration is set to revolutionize simulation and training solutions for defense and security forces.Zen, recognized for its innovation with over 155 patents and 1,000 systems deployed globally, has also showcased its advanced technologies at I/ITSEC 2024 in Orlando, the world`s largest event for modelling, simulation, and training.This strategic alliance integrates Zen`s cutting-edge technologies with AVT`s expertise in delivering tailored simulation systems. Together, the companies will develop next-generation solutions for defense, emergency response, and commercial applications, addressing the surging demand for immersive, cost-effective training platforms in the U.S. Zen has presented its latest advancements at I/ITSEC 2024, highlighting solutions like the Tank Containerized Crew Gunnery Simulator, Infantry Virtual Training Simulation System (IVTSS), and its AI-powered robotic platforms. The event serves as a pivotal opportunity for Zen tostrengthen ties with U.S. defense leaders, explore co-development initiatives, and expand its role in Foreign Military Sales (FMS).Powered by Capital Market - Live News

Zen Technologies announced the Grant of its Indian Patent for the T90Containerized Crew Gunnery Simulator on 25 November 2024. This patent is Company`s 20th Patent awarded in the calendar year 2024, and the 10th in the financial year 2024-25.Proficiency in Tank Gunnery is the most important criteria in evaluating an Armoured Regiment`s `Fitness for War`. The responsibility for gunnery lies with the Commander and Gunner in a tank crew.The T90 Containerized Crew Gunnery Simulator (T90 CGS) is an advanced, innovative system designed to provide a highly immersive and interactive training experience to increase the gunnery proficiency of the T-90 tank commander and gunner. The system replicates thebattlefield conditions and operational tasks of the T90 tank, providing realistic targets with AI reactions. The simulator replicates the interior of the turret of the T-90 incorporating two dedicated stations for the gunner and commander, each equipped with realistic controls and systems found in the T90 tank. The system features a 3-degree-of-freedom motion platform, ensuring alifelike experience during firing exercises, and a high degree of customization for instructors to tailor the training scenarios to specific needs from individual proficiency training to crew integration exercises against time.Zen Technologies continues to lead in the field of military training simulators, with this new patent reinforcing the company`s commitment to advancing defence technology. The T90 CGS will enable more cost-effective and localized training solutions for the Indian Armed Forces, while also catering to other international markets. This aligns with the national vision of self-reliance and indigenization in defense manufacturing, while also offeringinternational customers a high-quality, versatile training system designed to meet diverse operational requirements.Powered by Capital Market - Live News

Net profit of Zen Technologies rose 310.14% to Rs 62.67 crore in the quarter ended September 2024 as against Rs 15.28 crore during the previous quarter ended September 2023. Sales rose 263.67% to Rs 241.84 crore in the quarter ended September 2024 as against Rs 66.50 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales241.8466.50 264 OPM %33.0828.53 - PBDT86.2123.78 263 PBT82.3721.57 282 NP62.6715.28 310 Powered by Capital Market - Live News

Zen Technologies will hold a meeting of the Board of Directors of the Company on 2 November 2024Powered by Capital Market - Live News

Zen Technologies announced that the Annual General Meeting (AGM) of the company will be held on 14 September 2024.Powered by Capital Market - Live News