#1N being there... ZEN TECHNOLOGIES LIMITED Investor Presentation April 2018 BSE: 533339 | NSE: ZENTEC I ISIN: INE251B01027 | CIN: L72200TG 1993PLC015939 WWW.ZENTECHNOLOGIES.COM © Zen Technologies Limited - All Rights Reserved.#2Contents © Zen Technologies Limited - All Rights Reserved. 1 Company Snapshot 3 2 Key Milestones 4 3 Technocrat Management 5 4 Business Model 5 Competitive Edge 10 11 6 Combat Training Centre 16 7 Financial Overview 20 8 Growth Drivers 26 being there... 2#3Zen: Snapshot 5 Simulators & Defence Training Solution Player R&D Driven Products DEBT FREE being there... BSE ONSE Net Debt Free Balance Sheet Listed On BSE and NSE Installed Base of 825 Simulators* Defence Customers - Indian Armed Forces, State Win - Police Forces & Para © Zen Technologies Limited - All Rights Reserved. Military Forces Largest Order Rs 224 Cr in Dec 2017 Pending order Rs 352 Cr book * 3#4Milestones 寳 Company Incorporation R&D recognised by Indian Govt BMP Driving Simulator & BMP Integrated Missile Simulator Launch Zen Combat Training Centre Launch ONSE Listing on NSE Tank Simulator Launch + being there... Large Export Order Win (Rs 64cr) 1993 1996 1998 2002 2004 2006 2008 2009 2011 2012 2013 2015 2016 2017 2018 X Listing on BSE First Sale of Simulator 3SE (Zen SATS) Live simulation Launch UAV Simulator Launch Introduction of CTSR (Containerised Tubular Shooting Range) R&D centre commissioned at Hyderabad Advanced Weapons Simulator (AweSim) Launch © Zen Technologies Limited - All Rights Reserved. Maheshwaram Unit commissioned IWTS, ACTS, TZS, MMG & AGL Sims Launch - Large Order Tank Driver Simulators (Rs 224 Cr) 4#5Management Team being there... Mr. Ashok Atluri (Chairman and Managing Director) Ashok is a post-graduate diploma holder in Applied Computer Science from CMC and has done his commerce graduation from Badruka College, Osmania University. He is the Co-Chairman of Defence Innovators and Industry Association. He is also an active member of the Young Presidents' Organization (YPO). He has been responsible for driving strategy and ensuring cutting edge R&D has led to the development of state-of-the-art import substitute simulators for the Defence and Homeland forces. Mr. Kishore Dutt Atluri (President) Kishore is a post graduate in Computer Application from University of Hyderabad, started his career with private organization in 1986. He is the brain behind Zen's range of products, including Small Arms Training Simulator, Advanced Weapons Simulator, Driving Training Simulator, 81mm Mortar Simulator, BMP II Integrated Missile Simulator, Mining Equipment Training, Simulator, which cater to the needs of Police Forces, Central Police Organization, Civilian and Miners. M. Ravi Kumar (Whole Time Director) Ravi has over 20 years of experience in software industry. He is a technocrat and an expert in Systems programming and Robotics. As head of R&D division he is actively involved in design and development of the present range of simulators at Zen. Mr. H J Kamath (Sr Vice President) He is a graduate in Electronics form IIT Madras and a Post Graduate in Management from IIM Calcutta. Mr. Kamath has been CEO, Mahindra Telephonic Integrated Systems, where he was responsible for setting up a green field facility to manufacture air borne radar systems, surveillance and communication systems. Earlier he was associated with CAE India as Director Sales & Marketing and Macmet Technologies Ltd as Director & CEO. © Zen Technologies Limited - All Rights Reserved. 50#6Management Team Air Vice-Marshal (Retd) Arvind Verma being there... Air Vice-Marshal Arvind had an illustrious career,spanning 37 years, with Indian Air Force. He was deeply involved in management of Geo Spatial and Geo Intelligence resources, conducting strategic war games of national and international conflict. He is currently advising Zen on Aviation initiatives and deeply involved in exports growth. Brigadier (Retd) Amul Asthana (Vice President Projects) Brig Amul has a Master of Science (Military Studies). He has 34 years of military experience specially related to weapons, equipment and related projects. One year of projects experience in Zen Technologies Limited; related to Firing Ranges-Outdoor, Indoor, Containerised, Shoot House and related domains of target, safety, environment and range control systems. Col (Retd) Abhishek Agnihotri Col Abhishek is a post Graduate from Pune University (M Sc (Tech), Weapon Systems with over 25 plus years (21 Years in the Indian Army) of cross-functional experience, expertise & leadership. He has worked as a consultant in the arena of defence manufacturing, offsets, strategic planning and tie-ups with foreign OEMs. He is currently leading the Zen exports efforts. N Ramesh Kumar (CFO) Mr N Ramesh Kumar is a qualified Member of the Institute of Cost Accountants of India and a Member of Institute of Company Secretaries of India. He holds a Bachelor's degree in Law and Master's degree in Business administration. He has over 20 years of rich experience in Finance, Accounts and Corporate Secretarial matters. © Zen Technologies Limited - All Rights Reserved. 6#7Armed Forces Training Needs Objective Assessment & Benchmarking of Preparedness Soldiers Need Continuous Training for Operational Preparedness TERRORIST Difficulty in Creating Scenarios for Training: Hostage Situations, War Fronts © Zen Technologies Limited - All Rights Reserved. Elaborate Infrastructure for Training Need to Reduce Civilian Casualties Increasing Global Conflicts & Terrorist Activities Requiring Specialised Training Increased Role of Technology in Modern Warfare being there... 7#8Advantage Simulators Faster Immediate Feedback Loop Cost Effective Significantly Lower Costs Objective assessment Individual & Groups Tracked Over Long Periods © Zen Technologies Limited - All Rights Reserved. CIMITI being there... Customized Faster Learning Curve For Trainee P-H 徵 Safety Safer With Reduced Accidents Comprehensive Multiple Scenario Training being there... 80#9Large Opportunity Size ■ being there... Combat Training Centre Handful of companies globally Large value add to the forces with simulated war- games/large scale joint exercises Potential order size of USD 50-100 million for a single installation ### warranty Indian Army training requirement of 8000 Cr Global addressable market size of more than USD 8 billion Large installed base with AMCS- significant recurring income Abundant Export Opportunities Operational Preparedness Increasingly Important in Europe, Middle East and Africa Cost of Advanced simulators very prohibitive in Africa and Middle East Smaller markets which are ignored by larger established players No ITAR restrictions on Exports Growing credibility of Indian Defence Vendors with active government encouragement Zen signed two large export orders (Rs 90 Cr) © Zen Technologies Limited - All Rights Reserved. 9#10Zen's Business Model being there... - Pioneering Defence Training Solution Provider Balancing the product and services business mix Exports to further diversify revenue base ■ AMCS revenues to hit a level where company is profitable even in absence of new equipment orders Revenue Drivers Simulator Products ■ Orders are of large size and have long closing cycles resulting in revenue volatility First mover advantage with many soldiers having trained on company's products Combat Training Centre (CTC) Combat Training Centre as a highly advanced & tailored training solution would enable deeper penetration and longevity of relationship Annual Maintenance Contract ■ Long term recurring income with high margins Lifecycle of a simulator is 15 years creates lifetime revenue potential of 120% of product sale Growing recurring income as simulator installation base increases © Zen Technologies Limited - All Rights Reserved. Exports ◉ Large export order win in 2017 (30 Cr + 64 Cr) Focus on sales to underserved markets of Middle-East and African countries Focus on developed market sales with a sales team in US 10#11Competitive Edge Focused R&D driven organisation ■ R&D Driven prototyping to develop state of the art training simulators ■ Over 90 in-house researchers with specialised domain knowledge Collaboration with universities to further augment research capabilities. R&D spend of over 65 crs in the last 5 years, ~24% of revenues Significantly shortened lead time in developing new simulators with a databank of extensive simulation modules Filed 92 domestic and global patents applications of which 23 granted Total IPR Application 33 29 © Zen Technologies Limited - All Rights Reserved. 8 92 Copyright Trade marks Designs Patents being there... 11#12Zen Technologies Competitive Edge Comprehensive product range More than 30 simulator products for varied training needs Comprehensive Customised Training solutions with Combat Training Centre Credibility with two decade old track record Great understanding of Indian defence procurement process Good insight into the potential pipeline and armed forces pain-points Great credibility within the Indian Forces having Complete in-house skills Electronics Optics System Engineering supplied over 825 simulators over the last 2 decades Over 90% of Indian business is from repeat customers Best-in-Class Sales Support 23% of workforce in after sales support Excellent feedback ratings Over 99% Uptime of product installations in AMC © Zen Technologies Limited - All Rights Reserved. Mechanical Software being there... 12#13Moving Up The Complexity Pyramid ☐ Real terrain & equipment Seamless Laser, Sensors, GPS and Wireless communication Live movement in outdoor environment 6 axis motion platform (Patented) Over 100 sensors and actuators Simulated motion dynamics & firing dynamics Synchronized multi-projector displays CTC : Command Training Centre Virtual Simulators TacSim, ACTS,ITS : Tactical Simulators & Army Combat Training Simulator DS & CGS : Driving and Crew Gunnery Tank Simulators BMP-II: Networked with Geo Specific Terrains Instrumented (Live Simulation) Live Firing ranges Advanced scoring and analytics Infantry Combat Vehicle Driving Simulator Train tank crews for battle conditions Environmentally controlled. Containerised multi-crew simulators (Patented) ◉ ■ Single lane system Simple database © Zen Technologies Limited - All Rights Reserved. AWESIM: Advanced Weapons Simulator SATS : Small Arms Training Simulator being there... Multiple persons training simultaneously Multiple laser sensing system (Patented) 13#14Simulator Life Cycle -3 to 0 Years: Presales and product specifications 0-2 Years: New product sale X 8-15 Years: AMC & Upgrades: 0.75X being there... 3-7 Years: AMC ~9% pa of sale 0.45X Simulator sale of X creates a future revenue potential of 1.2X over the product life © Zen Technologies Limited - All Rights Reserved. 14#15Simulator Product List being there... Defence " ■ " " 81mm Mortar Integrated Simulator Advanced Weapons Simulator Air-to-Ground Firing Range Scoring System Anti-Aircraft Air Defence Simulator Anti-Tank Guided Missile Simulator Armour Combat Training System Artillery Forward Observers Simulator Automatic Grenade Launcher Simulator BMP II Driving Simulator BMP II Integrated Missile Simulator ■ Carrier Mortar Tracked Simulator " Combat Training Centre Combat Training Simulation System Containerised Shooting Range Containerised Tubular Shooting Range Driver Aptitude Testing System Driving Training Simulator " Medium Machine Gun Simulator Multi-Functional Target System Rotary Wing Simulator ShootEdge® Shoot House for Live and Simulated Indoor Tactical Training Small Arms Training Simulator - SL Smart Target System Homeland Security " 81mm Mortar Integrated Simulator Advanced Weapons Simulator Air-to-Ground Firing Range Scoring System " Artillery Forward Observers Simulator " Automatic Grenade Launcher Simulator Carrier Mortar Tracked Simulator TacSimⓇwith Indoor Tracking System " Combat Training Centre Tactical Engagement Simulator (TacSimⓇ) Tank Simulators Tank targets T72 Crew Gunnery Simulator T72 Tank Driving Simulator " Master Control Station for Live- Firing Ranges Medium Machine Gun Simulator Multi-Functional Target System Robotic Targets " Rotary Wing Simulator Containerised Shooting Range Containerised Tubular Shooting Range Driver Aptitude Testing System • Hand Grenade Simulator " ShootEdge® Shoot House for Live and Simulated Indoor Tactical Training Small Arms Training Simulator - SL Smart Target System Tactical Engagement Simulator (TacSim Ⓡ) TacSimⓇ with Indoor Tracking System UAV Mission Simulator " T72 Tank Gunnery Simulator " Driving Training Simulator " T90 Crew Gunnery Simulator ☐ T90 Tank Driving Simulator T90 Tank Gunnery Simulator Tank Zeroing System " UAV Mission Simulator " Hand Grenade Simulator " Infantry Weapons Training Simulator " Master Control Station for Live-Firing Ranges " War Gaming Solutions Driving Automated Driving Simulator " Basic Driving Simulator Bus Driving Simulator Driving Training Simulator Driver Aptitude Testing System " Tatra Driving Simulator http://www.zentechnologies.com/training-simulators-equipment-systems.php © Zen Technologies Limited - All Rights Reserved. 15#16Zen CTC: One Stop Solution for higher Combat Readiness being there... ☐ ■ Designed, developed and maintained by Zen Technologies at user site ☐ Customised Modules as per training requirements and specifications from user L-I-V Integration VIRTUAL SIMULATORS LIVE L INSTRUMENTED FORCE-ON-FORCE 0 © Zen Technologies Limited - All Rights Reserved. V Control Center V Virtual Domain: Simulators for Tanks, ICVS, Infantry Weapons, Driving Platforms Combat Training Centre (CTC) L Lograted BaMold Live Firing Ranges: Outdoor, Indoor, Tactical Ranges, Containerised Ranges, Baffles Ranges, Shoot Houses I Instrumented or Laser based. Force-On-Force Mission Rehearsal Facilities Zen Combat Training Centre (CTC) Integration of Live-Instrumented-Virtual and Constructive Simulation into a Common Operating Picture 16#17Zen CTC: One Stop Solution for higher Combat Readiness being there... Immense Helps overcome challenges Cost Saving to combat training Combat Readiness: Much higher, Measured and 'Scored' © Zen Technologies Limited - All Rights Reserved. Integrated, wholesome combination of all types of training systems: Live, Laser Instrumented, Virtual-Simulators and Traditional Measurement And Recording: Powerful scoring model 17#18Facilities Production Division 75,000 Sq. Ft. built up on 8.55 acre land being there ZEN TECHNOLOGIES LIMITED Hardware Park, Maheshwaram, Hyderabad SIGNATURE TOWERS ri Sreenivasa ONSTRUCTIONS © Zen Technologies Limited - All Rights Reserved. Corporate Head Office 27,000 Sq. Ft. B-42 Industrial Estate, Sanath Nagar, Hyderabad RANES New R&D centre 25,000 Sq. Ft. Floor No.11 and 12, Signature Towers, Kondapur, Hyderabad being there... 18#19Testimonials being there... Armed Forces Regiment "It gives me immense pleasure to write about your prompt action and quality service provided by your highly trained and professional representative for providing service of T-90 basic and crew Gunnery Simulator." // The Gunnery simulators are of great help as it provides real time firing practices to our crew and also provide regular practice to new gunners joining the Regiment." Army Training Academy Multi-functional target system (Zen MFTS) helps us to prepare trainees for real-life situations through its standard and complex exercise of Reflex shooting with live fire." NSS Special Forces "Zen AWeSim has been working satisfactorily under the maintenances of Zen Technologies Itd. It has been very useful for training purpose and helps the trainees to attain perfection in weapon handling and weapon firing." रानी वरुणः Armed Forces "The Zen Advanced Weapon Simulator, installed and commissioned by Zen Technologies limited, Hyderabad, has been functioning well and helping officers and sailors to improve their shooting skills in Tactical and Judgmental scenarios." The System is user-friendly as it is loaded with 3D targets and video based maritime scenarios. The system also allows trainees to train with different types of weapons and fire at moving targets." "I Zen service engineers are prompt in their after-sales service and have ensured the system is training worthy." © Zen Technologies Limited - All Rights Reserved. 19#20Financials Figures in INR Millions 9M 2013 2014 2015 2016 2017 FY2018 Sales 371.1 463.5 785.5 526.1 616.5 255.9 Sale of Products 335.9 432.6 715.3 425.3 486.7 109.6 Sale of Services 35.3 30.9 70.2 100.8 129.8 146.3 Gross Profit 281.2 341.5 542.1 378.7 494.5 222.6 R&D Expenses 91.65 148.55 130.7 142.96 127.24 75.2 EBITDA Excl R&D 205.5 248.2 372.7 239.00 276.94 70.95 PAT 47.0 0.9 157.4 23.2 71.7 -38.4 Total Order Book 10.0 40.0 1,190.0 760.0 740.0 3,530.0 AMC Order Book 0.0 10.0 790.0 760.0 700.0 1,260.0 © Zen Technologies Limited - All Rights Reserved. being there... 20#21Balance Sheet Figures in INR Millions 2013 2014 2015 2016 2017 Sep 2017 Net Worth 1,073.2 985.6 1,110.5 1,124.4 1,196.1 1,140.6 Long-Term Borrowings 18.5 44.4 36.8 77.6 58.0 42.9 Short-Term Borrowings 102.7 124.8 348.2 295.0 21.6 227.0 Trade Payables 13.0 20.9 31.2 20.9 30.7 13.4 Fixed Assets 272.8 438.7 440.6 431.2 446.4 440.8 Capital Work-in-Progress 29.0 10.4 3.1 147.2 166.9 184.0 Inventories 52.1 98.5 150.2 97.9 79.2 87.0 Trade Receivables 129.1 114.6 594.9 80.6 203.5 254.3 Cash and Cash equivalents 466.2 420.2 376.4 679.7 342.1 302.4 © Zen Technologies Limited - All Rights Reserved. being there... 21#22Financial Details 371.1 463.5 being there... Figures in INR Millions SALES SALE OF PRODUCT Figures in INR Millions 715.30 785.5 526.1 616.5 432.60 335.90 255.9 T 2013 2014 2015 2016 2017 9MFY18 35.30 30.90 SALE OF SERVICES Figures in INR Millions 146.30 129.80 100.80 70.20 486.70 425.30 109.60 2013 2014 2015 2016 2017 9MFY18 GROSS MARGINS 87% 80% 76% 74% 72% 69% 2013 2014 2015 2016 2017 9MFY18 2013 2014 2015 2016 2017 9MFY18 © Zen Technologies Limited - All Rights Reserved. 22#23Financial Details 248.2 205.5 EBITDA EXCLUDING R&D 372.7 276.94 239 Figures in INR Millions 91.65 148.55 R&D EXPENSES 130.70 142.96 127.24 being there... Figures in INR Millions 75.20 70.95 2013 2014 2015 2016 2017 9M FY2018 2013 2014 2015 2016 2017 9MFY18 Figures in INR Millions OPERATING EXPENSES EXCLUDING R&D Figures in INR Millions PAT 308.75 233.85 445.90 375.76 341.84 202.90 47 157.4 23.2 71.7 0.9 -38.4 2013 2014 2015 2016 2017 9MFY18 2013 2014 2015 2016 2017 9MFY18 © Zen Technologies Limited - All Rights Reserved. 23#24Financial Details NETWORTH being there... Figures in INR Millions Figures in INR Millions LONG TERM DEBT 77.60 1,196.10 1,073.20 1,110.50 1,124.40 1,140.70 985.60 2013 2014 2015 2016 2017 H1FY18 TOTAL ORDER BOOK Figures in INR Billions 1.19 0.76 0.74 3.53 18.50 44.40 36.80 58.00 42.90 T T 2013 2014 2015 2016 2017 H1FY18 AMC ORDERBOOK 0.79 0.76 0.70 Figures in INR Billions 1.26 0.01 0.04 0.00 0.01 2013 2014 2015 2016 2017 9MFY18 2013 2014 2015 2016 2017 9MFY18 © Zen Technologies Limited - All Rights Reserved. 24#25Regulatory Tailwinds MAKE II procedure in the DPP 2016 Industry can suo moto come up with solutions which can solve or address the challenges faced by Indian Army For accepted solutions the Indian armed forces will give a go ahead to develop such a system Indian armed forces will assure the acquisition of such system as a single vendor Developer will have to incur the cost of development Make in India Government of India's keen focus on promoting indigenous manufacturing has created conducive environment to make in India for exports Offset clauses require global defence players to partner with Indian manufacturers Indigenously Designed, Developed and Manufactured New Category introduced by MoD in DPP 2016: Under IDDM even Single vendor situations are accepted this opens up several erstwhile closed opportunities. Govt. to focus on IP ownership of products; not just low-cost coolie manufacturing done under licence © Zen Technologies Limited - All Rights Reserved. being there... 25#26Growth Drivers 1 Domestic 2 Exports 3 AMC Annual Maintenance Contracts Conducive regulatory regime has opened erstwhile closed single vendor business opportunities Offset clauses require global defence players to partner with Indian manufacturers ☐ ☐ Target smaller erstwhile ignored markets through tailored training solution Dedicated marketing team to push sales Strong support from government vs approval hurdles in past. Products developed under Make II procedure can further be exported significantly enhancing the opportunity size Exploring setting up sales/demo centres in Dubai & US AMC CAGR of 38.5% over last 5 years Simulator sales leads to a potential 120% AMC revenue over product lifecycle Continued engagement with customers result in potential upsell opportunities. © Zen Technologies Limited - All Rights Reserved. being there... 26#27being there... ZEN TECHNOLOGIES LIMITED CORPORATE For more information please contact: Satish Choudhury Meka [email protected] INVESTOR RELATIONS Siddharth (Kanav Capital) [email protected] Regd. Office: B-42, Industrial Estate, Sanath Nagar, Hyderabad, Telangana, India 500018 Phone: +91-40-23812894, 23813294, 23814894, 23813281 Email: [email protected] | www.zentechnologies.com © 2018 Zen Technologies Limited., All Rights Reserved. Zen Technologies Logo is a trademark of Zen Technologies Limited. In addition to Company data, data from market research agencies, Stock Exchanges and industry publications has been used for this presentation. This material was used during an oral presentation; it is not a complete record of the discussion. This work may not be used, sold, transferred, adapted, abridged, copied or reproduced in whole on or in part in any manner or form or in any media without the prior written consent. All product names and company names and logos mentioned herein are the trademarks or registered trademarks of their respective owners. © Zen Technologies Limited - All Rights Reserved. 27#28Our Products ZEN T-72 Tank Driving Simulator Zen T-72 DS is a holistic driving simulator that provides several training features that enable skill development from basic to advance levels:- ☐ ■ Day & Night Driving Obstacle Negotiation Trench crossing Vertical obstacles (less than 1 mtr height) Crossing of bridges including BLT laid bridges Driving in desert terrains Driving in built-up areas Driver compartment mock-up with all operational driver controls and display system ■ Patented 6 degree of freedom electric motion platform provides a realistic motion feel during driving through rotation and translation motion controls. ■ Visual and audio system softwares generates realistic visuals including smoke and dust generation. ☐ Designed for quick integration with the gunnery simulator for Tank T-72 to enable integrated training of the Tank crew in combat situations. Configured as a containerised simulator for easy transportation and start-up. ▪ Zen recently received an order of 104 T72 & T90 driving simulators valued at 224crs. © Zen Technologies Limited - All Rights Reserved. Instructor Station Motion Control Unit Instructor Station Console Rack Input Output Control Unit Motion Platform being there... Trainee Cabin Container Assembly Gunnery Compartment Commander Compartment 28#29Our Products ACAUTION No smoking Containerized Tubular Shooting Range (CTSR) Zen Containerized Tubular Shooting Range (Zen CTSR) is a secure substitute for live firing range. It is self-contained, transportable and reduces considerably the area required for a range. Design of the tubular booth does not allow the fired bullets escape from it. ■ Fire retardant materials have been used to ensure the range is safe for training ■ The Range is available in a standard 40' container: Allows firing in a standing and lying position with or without support Projection systems that beams selected target, terrain and range on to the detection system. Target system detects bullets' points of hits and displays them on Firing Point Equipment which is placed close to the firer. Provides record-replay facilities for After Action Review Advantages of CTSR Plug-and-Fire type; doesn't require construction of infrastructure, its maintenance and security-related issues Helps overcome logistics involved in outdoor shooting ■ Cost-effective against indoor shooting ranges (building infrastructure and maintenance) Offers facility to fire at target ranging from 25 metres to 300 metres with the help of the application software ■ Allows retrieving of fired bullets for recycling ■ No adverse effect on surroundings © Zen Technologies Limited - All Rights Reserved. being there... TEN TECHNOLOGIES UNITED TEN CONTAINERISED TUBULAR SHOOTING RINGE 29 29#30Our Products ZEN TacSim Zen TacSim facilitates outdoor tactical training in all types of terrains ranging from team/subunit participation to up to a Brigade size force. Marksmanship/sniping skills, Battle Drills, tactics and other essentials required for armed interventions can all be practiced and perfected with TacSim equipment. Instantaneously validate results of engagement between opposing forces and record all activities of the players needed for After Action Review. Key advantages: ☐ " ■ ◉ Direct-fire simulation with highly accurate target hit-indicating kill, injury and near miss Combat target identification (Friend or foe) Online outdoor event/tracking reporting through Radio communication system Interactive simulation of area weapons like Artillery/Mortar fire, mines, IEDs and grenades Can function day-night, in high altitudes and in temperatures ranging from 5 to 40° C Capable of simulating firing effects of all Rifles, Carbines/SMGs, Sniper Rifle, LMG/GPMG/MMGS, HMGS/AMR, ATGMs, RL, MGL etc. Engagement of Tanks/IFV and other vehicles simulating destructive effect is possible by fixing vehicle harnesses embedded with laser sensors. Smart Target System Zen Smart Target System (Zen STS) is an outdoor, live-firing training system that detects point of hit on the target, counts the number of bullets fired and informs miss-hit and cross-fire. STS is an acoustic based projectile detection system capable of measuring exact point of hit or miss on the target. The use of such a scoring system makes validation of firer's efficiency in a cost-effective way. © Zen Technologies Limited - All Rights Reserved. Pop-up Target System with Acoustic Sensor APPES Firing Point Equipment (FPE) being there... 30#31Zen CTC: One Stop Solution for higher Combat Readiness 24/7 Combat Readiness with Zen Training Systems being there... Small Arms Medium Machine Gun Auto-Grenade Launcher Artillery/Mortar Observer Station Tank Commander Gunner Driver Control Room Wargaming Anti Aircraft Missile UAV Training Simulator Tactical Simulator Blue Control Red Virtual Training Systems Container Shooting Range Shoot House © Zen Technologies Limited - All Rights Reserved. Containerised Tubular Shooting Range Combat Training Centre (CTC) Anti Tank Mortars Missile Artillery Gun Simulator Driving Simulator Virtual Training Systems 31