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Titan Intech Ltd has signed an MoU with South Korea-based MIC Co., Ltd. for joint development, customization, and technology transfer of next-generation MIP, SMD, and Mini-LED display systems along with Android-based control solutions. The partnership covers FPGA/SoC-based LED display controllers, Android control boards, and Passenger Information Systems for railways, airports, and metros, with applications also planned for automotive, defense, education, and smart city sectors. MIC Korea will transfer design documentation, hardware/firmware packages, and a 7-year non-exclusive software license (2025–2032) for the mLED Master Suite to Titan Intech. The total project value is USD 1.53 million, and Titan Intech gets non-exclusive manufacturing rights in India plus global R&D rights for export opportunities.
This move positions Titan Intech into India's emerging indigenous display and control-system ecosystem, potentially reducing import dependency and opening new revenue streams across automotive, transport, and smart infrastructure verticals. For shareholders, the partnership adds a tangible technology roadmap and licensing-backed business model, though the USD 1.53 million scale is relatively modest and execution remains to be demonstrated.