Autoline Industries subsidiary launches "Meshworks Morpher 4.0"

Autoline Industries Ltd has announced that Detroit Engineered Products, Inc the US Design Engineering Services subsidiary of the Company announced in Pune, India the global launch of Meshworks Morpher 4.0 a proprietary software suite targeted at the automotive and engineering industry.

Michigan based Detroit Engineered Products which was recently acquired by the Company has been developing this product platform over the course of the last five years.

Morpher 4.0 adds path breaking functionality, and a range of features that enable design engineers to use old design data to develop new design constructs within a matter of 4 weeks, as opposed to the current industry standard of 32 weeks.

Commercial sales which target an over Rs 300 crore market in India will begin in September 2007.

The stock was trading at Rs.191.75, up by Rs.2.45 or 1.29%. The stock hit an intraday high of Rs.191.95 and low of Rs.183. The total traded quantity was 33564 compared to 2 week average of 27585.

Source : Equity Bulls

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