Sasken Communication Technologies rose 1.06% to Rs 186 at 9:33 IST on BSE after the company said it has successfully delivered full phone development of Inmarsat's IsatPhone 2 satellite mobile handset.
The announcement was made after market hours on Monday, 24 March 2014.
Meanwhile, the S&P BSE Sensex was down 26.34 points or 0.12% at 22,029.14.
On BSE, 1,004 shares were traded in the counter as against average daily volume of 11,000 shares in the past two weeks.
The stock hit a high of Rs 188.15 and a low of Rs 185.55 so far during the day.
Sasken Communication Technologies (Sasken) said it was deeply involved with all aspects of development Inmarsat's IsatPhone 2 satellite mobile handset viz. software, hardware, mechanical design, antenna design, system integration, testing, as well as manufacturing support. This engagement follows a successful partnership the two companies had earlier, for the development of IsatPhone Pro in 2010, the company said in a statement.
Commenting on the development, Anjan Lahiri, CEO, Sasken said, "Sasken is once again proud to be a key partner behind the successful delivery of IsatPhone 2 for Inmarsat, the world's leading provider of mobile satellite communications".
Manoj Damodar, Client Partner and Head, EMEA Business, Sasken, said, "Leveraging our extensive experience in developing mobile devices, and combining our deep knowledge of communication protocols, multimedia, UI, middleware, mobility applications and testing expertise, we were able to successfully deliver the IsatPhone 2 for Inmarsat".
Ronald Spithout, President, Inmarsat Enterprise said, "This reinforces our capability in Productization, Commercialization and Maintenance of products across the technology spectrum in demanding environments. We are pleased with the capability and commitment demonstrated by Sasken in developing a high quality robust handheld for our satellite phone portfolio. Sasken has been a reliable partner to us for over a decade; supporting us in delivering products and services that exceed the expectations of our customers around the world".
Sasken will continue to augment capabilities to deliver innovative products and solutions for customers across the technology and communications ecosystem, the company said in a statement.
Sasken Communication Technologies' consolidated net profit declined 19.18% to Rs 11.12 crore in Q3 December 2013 over Q2 September 2013. Net sales remained unchanged QoQ at Rs 113.15 crore in Q3 December 2013.
Sasken is an embedded communications solutions company, that helps businesses across the communications value chain accelerate product development life cycles.
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