MIC Elect forays into Sports LED Market,share price rose by 4.06%

Thebullishtrends: MIC Electronics shares are trading at Rs.750(+Rs.29.25). MIC Electronics Ltd has informed that MIC Electronics Inc. USA, 100% subsidiary of MIC Electronics Ltd, Hyderabad, India and Latin America Futbol Corporation, USA have joined forces to create a Joint Venture Company called "Sports LED Media" (SLM). The venture was created to enter into the lucrative LED market focusing on sports stadiums across the globe.Sports LED Media will immediately leverage the large teams from the parent Companies to focus on Sales & Marketing, Customer Support, R&D and Manufacturing which is located in India, and coverage in both the USA and Latin America with expansion plans for Europe.

The new Company will initially focus on the soccer market in both Europe and Latin America by providing top of the line LED perimeter boards to top professional soccer teams.