Moser Baer's in-house R&D Centre approved by Ministry of Science & Technology

Moser Baer India Ltd has announced that its in-house R&D center has been granted recognition by the Ministry of Science and Technology (MoST), Government of India. The Company is now amongst a select few in India to have its R&D centre approved by the Department of Scientific and Industrial Research (DSIR), MoST.

According to Nyati Giriraj, VP, R&D, "It is a great achievement for Moser Baer and validates our belief of the high and cutting edge technology being developed in our labs."

The approval of MBI's R&D centre by the Ministry reflects the high quality of basic and applied research carried out at one of the top R&D labs in the optical media industry around the world.

This recognition follows significant landmarks achieved by the R&D team giving the Company a significant competitive edge. The efforts of the R&D center has helped the Company to become the first Company in the world to ship out the HD DVD-R format and extended the technology leadership position in the Blu-ray media with patented technology developed considered as one of the four standard media to be included in the Blu-ray disc specifications by the Blu-ray Disc Association.

The R&D centre is current working on multiple cutting edge technologies including areas of nano-science, nano-materials, thin film technology, phase-change materials, organic dye based research programme, future optical data storage device technology, polymer science, solar cells and many more. Apart from extensive focus both from the point of view of academic and commercial research, several futuristic technologies are under in-depth exploration.

According to Ratul Puri, Executive Director, of the Company, "The recognition is a step forward and fits in our strategy to transform Moser Baer into a technology developer and innovator from a technology recipient."

Source : Equity Bulls

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