Genus Overseas forays into home appliances

Company release, December 6, 2004

New Delhi

After the success of hybrid microcircuits and electronic energy meters, Genus Overseas Electronics Ltd., a company with a group turnover of more than US $ 85 million is now entering into home appliances segment with the launch of Goodlite inverters. With multistep low distortion sine wave output to provide extremely high peak conversion efficiency and adjustable search mode and low battery cutout voltage, Goodlite inverters provide protection against circuitry problems like short circuit, over temperature, low battery and high battery conditions.

Priced at Rs 4,100 onwards, Goodlite inverter is available in 550,800 and 1400 VA and is totally safe for running all gadgets including coolers, washing machines, waterpumps and refrigerators. "Loaded with unique features, Goodlite commands latest technology and ensures that the battery gives our consumers maximum benefit. The company is planning to make a deeper penetration in the rural and semi-urban market. Price-wise we will be placing our products at the fair value of the existing branded players. The revolutionary ASIC technology helps in adjusting with the requirements of battery and provides high efficiency. " said Mr. I.C. Aggarwal, Chairman & Managing Director, Genus Overseas Electronics Ltd.

About Genus Overseas Electronics:

Established in 1995, Genus Overseas Electronics Ltd. is an ISO-9001 company with an investment of US $7 million. Promoted by the reputed Rs. 400 crore Kailash Group, the company is committed to make complex technologies simple and more affordable to its consumers. Armed with globally competitive R& D and manufacturing facilities, Genus is among the few Indian companies offering turnkey design-to- end-product solutions in its product segments.

For further information, contact:

Deepa Anand / Praveen Gujjari,

Hanmer & Partners

New Delhi

Ph: 29214793, 29214794

E- mail : deepa@hanmerpr.com