Arrow Coated Products touches roof on receiving grant of Water Soluble Film Based Matrix Patent

Arrow Coated Products is currently trading at its upper circuit limit of Rs. 71.75, up by 3.40 points or 4.97% from its previous closing of Rs. 68.35 on the BSE. The scrip opened at Rs. 71.70 and has touched a high and low of Rs. 71.75 and Rs. 71.70 respectively. So far 2128 shares were traded on the counter. The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 72.35 on 03-Apr-2014 and a 52 week low of Rs. 8.14 on 21-May-2013. Last one week high and low of the scrip stood at Rs. 71.75and Rs. 61.00 respectively. The current market cap of the company is Rs. 84.23 crore. The promoters holding in the company stood at 74.15%, while Institutions and Non-Institutions held 0.18% and 25.67% respectively. Arrow Coated Products (ACPL) has received a grant for patent titled ‘Water Soluble Film Based Matrix’ from US Patent Office. The rights under this patent are protected till 2027. The invention under this patent provides water soluble film based matrix for collecting and storing samples extracted from living species for avoiding cross infection or spillage of samples. The present invention also eliminates the problem of disposal of used containers. The principal end use is to collect pathological samples for labs, to analyze and verify the presence or absence of pathogens. Arrow Coated Products is pioneer in manufacturing Water Soluble Film by a unique method using detachable liners. The company’s RND department has many years experience in Coatings, Security Printing, and casting films since many years. It has a total of 30 Granted Patents in India, US, Europe, Eurasia, Africa, and Australia. It is also prosecuting several other patents in other countries.