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STL grows its patent portfolio by 34% and increases global patent portfolio to 358 patents

Posted On: 2020-04-08 11:00:00


STL [NSE: STRTECH], an industry leading integrator of data networks, announced it now has a global patent portfolio of 358 to its credit, including 93 patent applications filed in FY20 for its optical connectivity, network services, and virtual mobile edge solutions. The company filed these patents globally - India, the US, Europe, and China.

While the world is rapidly evolving with technological advancements, patents enable the creation of unique solutions that can be implemented across global markets. STL's patents enables its customers with unique application driven solutions based on STL developed technologies.

The company has 4 innovation centres for core research in optical fibre ultra-high speed connectivity and applied research on data networks - Optical Fiber Center of Excellence, Aurangabad, Cable Design Labs, Silvassa, Center for Smarter Networks, Gurgaon and STL Cloud Labs, Ahmedabad. STL has also partnered with leading research institutions like IIT, Chennai for 5G and Rutgers and MIT to be at the forefront of innovation.

STL won the CII National Innovation Award 2019 and Manufacturing Today Award 2019 that is a testament to the company's culture of innovation. Also, STL has joined the prestigious Open Invention Network (OIN), a global patent pool, which has the world's leading tech companies as its members.

Commenting on this announcement, Dr. Badri Gomatam, Group CTO, STL said "We have evolved from an optical fibre company to industry's leading integrator of data networks. One of the key drivers and building blocks for this transformation has been our undivided focus on developing unique solutions for the evolving converged network. It has empowered us to deliver disruptive end-to-end data network solutions for our customers worldwide. Our longstanding focus on Intellectual Property (IP) creation with our four innovation centres strengthens our position in the markets we operate."

Shares of STERLITE TECHNOLOGIES LTD. was last trading in BSE at Rs.67.25 as compared to the previous close of Rs. 63.25. The total number of shares traded during the day was 251235 in over 4427 trades.

The stock hit an intraday high of Rs. 69.7 and intraday low of 64.55. The net turnover during the day was Rs. 16943532.


Source: Equity Bulls

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