Newgen Software, a provider of Business Process Management (BPM), Enterprise Content Management (ECM) and Customer Communication Management (CCM) platforms, today announced the issuance of Patent Number 309368, entitled "Integrated and Automatic Generation of Carbon Credits".
Newgen's platforms enable organizations to save operational costs by replacing paper and file movement with digital workflows and document management. Newgen's invention is a carbon credit analyzer coupled with the process management unit, which helps organizations automatically estimate costs & savings associated with the processing of documents. These savings are then converted to equivalent carbon credits.
Diwakar Nigam, Chairman and Managing Director, Newgen Software, commented, "At Newgen, we have continuously strived to drive innovation across all our products. The patent recognizes our efforts and invention. The invention enables organizations to manage carbon credits, thereby helping them reduce carbon footprint and encouraging environment-friendly business operations."
The patent is granted by the Indian Patent Office (Chennai) administered by the Office of the Controller General of Patents, Designs & Trade Marks (CGPDTM), part of Department of Industrial Policy and Promotion under Ministry of Commerce and Industry. And, is valid till 10 June 2029.
Newgen has filed for 44 patents till date, out of which 11 have been granted. And, there are 3 patents under examination in the US.
Shares of Newgen Software Technologies Ltd was last trading in BSE at Rs.295.4 as compared to the previous close of Rs. 293.3. The total number of shares traded during the day was 2322 in over 95 trades.
The stock hit an intraday high of Rs. 298.6 and intraday low of 292.05. The net turnover during the day was Rs. 686043.