Advanced Synergic To Go Public
Data Quest 1.08.1993

Bangalore's Advanced Synergic Microsystems Ltd. Specializing in CAD/CAM solutions. Plans to go public in November. The project has been appraised by the IDBI. This will also underwrite the issue. The promoters will invest Rs .115 lakh. While Rs.185 lakh worth of equity shares will be issued to the public.

ASML has more than 25 installations in the country in companies such as Titan watches, Bajaj Tempo, Philips and Videocon.A value-added reseller for the Indigo range of machines from Silicon Graphic Inc. ASML sees no threat from the companies' recent decision to setup a manufacturing unit in India. According to ASML director, S.Rabindra SGI's focus will primarily be on the SAARC region and market and marketing in India will be looked after by SGI's existing venture network comprising Tata Elxsi, OMC and ASML.

ASML also plans to export software. Recently it signed an MoU with a US company. Work on the agreement will commence later this year. The company will export worth half a million dollars in the first year and $1 million from the next year. Apart from its existing software development in Bangalore ASML plans to setup a unit at Bangalore STP. The company a turnover of Rs 6 crore this year, Exports is expected to contribute 1 crore.

Meanwhile the company recently the availability of SmartCAM, a CAM package to manufacturing advanced machinery using CNC process, on the entire Indigo range. Technical seminars on SmartCAM were organized in Pune, Delhi, Bangalore and Madras.

Developed by Point Control co a US vendor the main features of SmartCAM include C- axis turning, multi-surface machining, job operation expert's part nesting and optimization. The package is also available from Advanced Micronic Devices Bangalore. The DOS version is priced Rs 4 lakh upwards.