IZMO announced yesterday after market hours that it has won a big multi-crore order from a leading OEM in Mexico for its Car Visualiser Product.
The Car Visualiser product is a unique solution which provides extremely high quality multi-media content for the desktop and more importantly, the mobile market. It is the only product in its class which can deliver high quality multimedia even over low telecom bandwidths. This innovative product is a result of the company's investment in new product development over the last 2 years.
The Company expects many more such order wins in the current financial year. It did not divulge any details about the financial value of the order.
The stock price has reacted positively to this news and surged over 11% to Rs.76.35. Its 52-week high is at Rs.119.70.
IZMO is a Bangalore based company, offering hi-tech Automotive e-retailing solutions in U.S.A, Mexico, Europe, and Asia.