Training The Military

Zen Technologies Limited Celebrates Patent Grant for “TacSim®” Trigger Sensing System

Zen Technologies Ltd, a leader in defence simulation technology, has proudly announced the latest Indian Patent Grant for its innovative “Trigger Sensing System”, a crucial component of the “TacSim®” range of products that will help the Indian military.

This patent, granted on 22nd August 2024, marks the 17th patent awarded to the company in the calendar year 2024 and the 7th in the financial year 2024- 25.

It is said that the “TacSim®” product line is renowned for its Force on Force Training Systems, designed to evaluate and enhance the operational capabilities of the defense forces. This latest patent is part of a suite of five patents related to the “TacSim®” range, which includes a Laser Unit, Indoor Tracking Unit, HE36 Grenade Simulator, Weapon Range Estimation System, and now, the Trigger Sensing System.

The “TacSim®” product line is scalable and can incorporate the participants of all three services of India’s military engaged in an integrated joint training exercise on all types of terrain. Extremely versatile in employment, it is an exceptional training tool for realistic training of tri-service tactical groupings of integrated theatre commands.

The Trigger Sensing System, protected under the present Patent, will be valid until 22nd October 2030. This system provides an enhanced method for accurately detecting the point of trigger activation in various firearm simulators, ensuring precise and realistic training experiences. It incorporates advanced technologies that simultaneously sense multiple aspects of firearm recoil, including vibration, shock, and sound, thereby minimizing the scope for false triggers and enhancing training accuracy.

This achievement underscores Zen Technologies’ unwavering commitment to innovation and excellence in the Indian defense sector. The company continues to push the boundaries of simulation technology, contributing significantly to the preparedness and operational effectiveness of armed forces around the world.

About Zen Technologies Limited

Zen Technologies Limited is a renowned industry leader with over three decades of expertise in delivering cutting-edge Military Training and Anti-Drone solutions. The company specializes in manufacturing state-of-the-art land-based military training simulators, driving simulators, live range equipment, and anti-drone systems.

In fact, with the patenting of the “Trigger Sensing System”, the shares of Zen Technologies Limited gained 1.92 per cent to Rs 1,786.75 per share from its previous closing of Rs 1,753.10 with an intraday high of Rs 1,799 and an intraday low of Rs 1,715.

According to Quarterly Results, the net sales increased by 92.2 per cent to Rs 254.62 crore, the operating profit increased by 59.9 per cent to Rs 114.46 crore and the net profit increased by 64.1 per cent to Rs 79.49 crore in Q1FY25 compared to Q1FY24. In its annual results, net sales increased by 101 per cent to Rs 439.85 crore and net profit increased by 159.2 per cent to Rs 129.05 crore in FY24 over FY23.

It may be noted that Zen Technologies Limited was incorporated in 1996. The company designs, develops and manufactures combat training solutions and counter-drone solutions for defence and security forces. It is actively involved in the indigenization of technologies, which are beneficial to Indian armed forces, state police forces, and paramilitary forces.

Zen Technologies is headquartered in Hyderabad, India with offices in India, UAE and the USA. With a dedicated Research and Development (R&D) facility and recognized by the Ministry of Science and Technology, Government of India, Zen Technologies has demonstrated its commitment to innovation. The company has filed for over 155 patents, of which over 75 have been granted and has successfully shipped more than 1000 training systems worldwide.

The company has a market cap of over Rs 15,000 crore with a 3-year stock price CAGR of 140 per cent. As of June 2024, the total order book is Rs 1,158.85 crore. The stock ave multibagger returns of 115 per cent in just 1 year, 2,040 per cent returns in 3 years and a whopping 16,280 per cent in a decade. Investors should keep an eye on this multibagger aerospace & defence stock.