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Vortex Engg rolls out solar-powered ATMs for India

Posted: 22 Mar 2010     Print Version  Bookmark and Share

Keywords:solar  ATM  State Bank of India 

Vortex Engineering, provider of low power consuming ATMs (Automated Teller Machines) headquartered in Chennai will undertake India's first large-scale rollout of solar ATMs. This rollout follows the winning of an order from State Bank of India for a deployment of 545 ATMs across semi-urban and rural India. Of these 545 ATMs, over 300 will be solar-powered.

Vortex's solar-powered Gramateller Duo ATMs have been developed in collaboration with IIT Madras. Built on years of R&D, with a steady focus on rural needs, these are low power consuming ATMs tailor-made for semi-urban and rural areas.

A conventional ATM with air-conditioning consumes about 1800 units of power every month. Vortex's Solar-powered Gramateller Duo ATMs consumes less than 100W of power and do not require air conditioning, thus consuming less than 72 units per month. This indicates a saving of 1728 units per month (up to 96% saving) and at least Rs. 1.2 lakhs per year (at a conservative commercial rate of Rs 6 per unit) when compared to a conventional ATM installation. It also reduces CO2 emissions by at least 18,500kg per year.

Commenting on the rollout, V Vijay Babu, CEO Vortex Engineering, said, "Vortex was founded with the focus of improving the quality of rural life by building technology for practical use. This commercial launch of solar-powered ATMs is a moment of great pride and gratification for the Vortex team. With an ATM penetration of about 0.04 per 1000 people in India, there is a huge need for rural ATMs. With this solar innovation becoming a viable option, Vortex looks forward to revolutionising the rural ATM market. The company is extremely thankful to IIT Madras and State Bank of India."

The company has also designed ATM's with built-in biometric capabilities used by the government to disburse wages under the MGNREGA (Mahatma Gandhi National Rural Employment Guarantee Act) programme.

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