/images/ppid_59c68470-image-176412502494314555.webp)
The MoU focuses on addressing and solving the present and future problem statements of the Armed Forces through indigenous research and development, the company said in an exchange filing on Tuesday.
The partnership is expected to focus on high-technology areas critical to modern warfare, including advanced electronic warfare systems, precision guidance and control systems and high-energy armament solutions, and not limited to them, the company said.
IIT-Chennai will serve as the research anchor. It will focus on developing the technologies and intellectual property to tackle complex military challenges.
Apollo Micro Systems will act as the technology development and manufacturing partner. It will undertake the task of converting laboratory-scale research into battlefield-ready products.
The Directorate General of Naval Armament Inspection will provide its crucial domain expertise and operational insights. It will assist in testing the developed products, ensuring that all systems meet the military specifications and are ready for integration into the Naval fleet and other defence platforms.
"Together, we are poised to deliver next-generation solutions that enhance national security and truly embody the spirit of 'Make in India' for the world," Karunakar Reddy, the managing director of Apollo Micro Systems Ltd., said.
The company said the partnership with IIT-Chennai will further be extended for other technologically advanced products developed for the Indian Army, Indian Air Force, Space and other applications across domains.
Shares of Apollo Micro Systems Ltd. ended 5% higher on Tuesday at ₹272.65 apiece. The stock has gained 96.4% in the last six months and 125.9% this year, so far.
Also Read: 'Do not expect miracles' — A Suzlon bull's advice to investors
