Showing posts with label L&T Technology Services. Show all posts
Showing posts with label L&T Technology Services. Show all posts

L&T Technology Services and IIT Hyderabad Collaborate to Drive Advancements in ADAS and C2VX Communication

L&T Technology Services and IIT Hyderabad Collaborate to Drive Advancements in ADAS and C2VX Communication

L&T Technology Services Limited (LTTS) and the Indian Institute of Technology Hyderabad (IIT Hyderabad) have announced a strategic partnership to drive advancements in Advanced Driver Assistance Systems (ADAS) and Cellular Vehicle-to-Everything (C2VX) communication. This collaboration is aimed at fostering industry and academia advancement in these domains, which are crucial for the development of autonomous vehicles and connected vehicle ecosystems.

The partnership will focus on research and application of ADAS and C2VX technologies, with a particular emphasis on elevating road safety, efficiency, and the overall driving experience. It seeks to harness the combined expertise of both entities to drive innovation and bring about transformative developments in connected vehicle ecosystems.

ADAS technologies are designed to automate, adapt, and enhance vehicle systems for safety and better driving. They include features such as collision avoidance, lane departure warning, pedestrian detection, and adaptive cruise control². On the other hand, C2VX communication is a key component of the intelligent transportation system, enabling vehicles to communicate with each other and everything around them for enhanced road safety and autonomous driving.

This partnership represents a significant leap in the automotive landscape by bringing cutting-edge technologies across these domains. It provides an opportunity for students at IIT Hyderabad to immerse in real-world industry projects, equipping them with practical experience and expertise in developing pioneering solutions within the ADAS and C2VX domains.

Dr. Rajalakshmi P, Professor and Head of Department (Electrical Engineering) at IIT Hyderabad, expressed confidence that the partnership will provide invaluable exposure to cutting-edge technologies, preparing students to excel in shaping a safer and more intelligent mobility industry[^10^]. Alind Saxena, Executive Director & President – Mobility & Tech at L&T Technology Services, also highlighted LTTS's successful track record of offering high-end engineering solutions to global automotive OEMs and the aim to pioneer transformative solutions that will elevate the safety and efficiency standards of connected vehicles.

L&T Technology Services Opens Simulation CoE for Airbus in Bengaluru

L&T Technology Services Opens Simulation CoE for Airbus in Bengaluru

L&T Technology Services (BSE: 540115, NSE: LTTS) announced the inauguration of the Simulation Centre of Excellence for Airbus, strategically located at the LTTS state-of-the-art campus in Bangalore. This Centre of Excellence is designed to bolster engineering support for Airbus aircraft structural simulation activities across its diverse business units in Europe spanning France, Germany, the UK, and Spain.

Equipped with the5 latest simulation software, hardware, and high-performance computational machinery, the Simulation CoE aims to unify and standardize processes across all Airbus European business units and aircraft programs. The ultimate objective is to streamline efficiency and enhance productivity, facilitating the timely achievement of program milestones.

Initiated approximately 18 months ago with a specialized core team, the Centre of Excellence (CoE) has demonstrated significant growth and development. The strategic plan includes a substantial scaling up of the centre over the next two years. This expansion reflects the deep commitment of LTTS to fostering innovation and excellence in aerospace engineering, highlighting the dedication to advancing the industry through sustained development and expertise.

Speaking on this significant development, Alind Saxena, President - Sales and Executive Director, L&T Technology Services stated, "The establishment of the Simulation CoE for Airbus reflects our deep-seated commitment to pushing the boundaries of innovation alongside Airbus. This Centre is not just about technology; it's about creating a standardized, efficient framework that propels Airbus’ industry-leading aircraft into the future Together, we are not just navigating the present landscape but also shaping the future of aviation, ensuring that our collaboration remains a key driver of our success in India and the world."

The establishment of the Simulation CoE for Airbus marks a decade of fruitful collaboration between LTTS and Airbus India, highlighting a shared dedication to innovation and excellence in the global aerospace industry. It serves as a foundation for both companies to continue their dominance in important markets like Europe and India, driving forward with a common process that enhances operational efficiency and productivity.

Everest Group Recognizes L&T Technology Services as ‘Leader’ for Its Industry 4.0 Offerings

L&T Technology Services Limited (BSE: 540115, NSE: LTTS), India’s leading pure-play engineering services company, has been recognized as a ‘Leader’ for Development and Verification & Validation services in Industry 4.0 by the consulting and research firm, Everest Group.
 
In its report, ‘PEAK Matrix® for Industry 4.0 Service Provider 2020,’ Everest Group has identified LTTS among the six leading companies in the market based on various parameters such as market adoption, portfolio mix, value delivered, innovation & investments, delivery footprint, and vision and strategy.
 
According to Everest Group, LTTS has a strong ability to drive a high level of innovation around Industry 4.0 that customers recognize, buoyed by robust investments in establishing dedicated infrastructure, developing a strong partner ecosystem and enhancing IP assets for Industry 4.0 services.
 
The objective of the PEAK Matrix is to provide a data-driven assessment of service and technology providers based on their overall capability and market impact across different global services markets, classifying them into “Leaders”, “Major Contenders”, and “Aspirants”.
 
“LTTS’ focus on development and Verification and Validation (V&V) in the Industry 4.0 segment is evident from the fact that this service function accounts for over 50% of the firm’s revenue from Industry 4.0 services,” said Akshat Vaid, Vice President, Everest Group. “The firm’s dedicated investments in V&V labs infrastructure and CoEs catering to next-generation themes such as IIoT, AI/ML, cloud engineering, robotics, and cybersecurity have significantly elevated its positioning among enterprises as a reliable Industry 4.0 service provider."
 
“Additionally, LTTS’ focus on IP development is reflected in a suite of solutions, including modular frameworks and platforms such as Aikno, nB-oN, and DFX, which helps enterprises enhance productivity and speed-to-impact in Industry 4.0 initiatives. LTTS’ vision for this space, along with focused investments have helped them achieve a strong growth momentum in this market,” Mr Vaid added.
 
Amit Chadha, Deputy CEO and Member of the Board at L&T Technology Services said, “The advancements in the Industry 4.0 landscape have witnessed rapid traction with businesses across sectors realizing its true potential. With a rich engineering DNA combined with our leadership position in engineering services, LTTS has been at the forefront of introducing pioneering innovations in this space. We are delighted to receive this latest recognition from an independent research body as globally acclaimed as Everest Group and further resolve to usher in newer benchmarks in the domain of Industry 4.0.”

L&T Technology Services Wins 2021 BIG Innovation Awards, USA

L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a leading global pure-play engineering services company, announced that two of its digital solutions have been recognized with the 2021 BIG Innovation Awards in the “Product” category presented by the Business Intelligence Group, USA.
 
LTTS has been recognized for its innovative products - Chest rAITM, LTTS’ AI based chest X-Ray analysis system to assist radiologists in improving speed and accuracy of diagnosis and LTTS’ proprietary building automation framework, i-BEMS that operates as an enterprise IoT solution and unifies all campus operations under one system.
 
There is an acute shortage of radiologists across the globe, leading to delayed interpretation & decision and thus longer wait time for patients. The AI-assisted solution from LTTS assists radiologists by fast triaging abnormalities in X-Ray, annotating and automatic report generation. LTTS has been lauded for creating a product that will benefit millions.
 
LTTS has also been recognized for contextualizing its offering to suit the ‘new normal’ scenario and create a new module, i-BEMS Shield for a safer workplace environment.    
i-BEMS, LTTS’ smart building solutions for a post-COVID future - enables features such as automated temperature detection, monitoring of building air quality, and smart maintenance of social distancing norms.
 
Maria Jimenez, Chief Operating Officer of the Business Intelligence Group, USA said, “The pandemic has made mankind realize the true potential of technology in positively influencing our lives like never before. The world has witnessed some of the best of innovations in the last few months including democratization of access to new-age medical technologies. The role of engineering services in these disruptions is commendable and we value the consistent contributions made by LTTS on this front.”
 
Dr Keshab Panda, CEO & Managing Director at L&T Technology Services said, “We are pleased to receive the prestigious BIG Innovation Award, which is a true testament to the exemplary work done by LTTS engineers for our global customers. With a formidable digital portfolio that includes over 550 technology patents, LTTS is continually blending ideas and innovations with investments in new age technologies to deliver differentiated engineering solutions uniquely designed to address complex real-life problems faced by the industry. Having joined hands with leading lights of the academic world to create innovations such as the Chest X-Ray analysis system, LTTS believes in creating an ecosystem of excellence to continue engineering the change for the benefit of society.”
 
The BIG Innovation Awards, recognizes organizations and people who bring new ideas to life from companies across the globe, are judged by a panel of experts which include a select group of business leaders and senior industry executives.


Schindler Partners With L&T Technology Services for Digital and Engineering Transformation



L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a leading global pure-play engineering services company, announced that it has been selected by Schindler, the Switzerland-based global leading provider of elevators, escalators, moving walks and related services as one of its key partners to provide innovative digital engineering capabilities.
 
According to the agreement, L&T Technology Services will provide product development, innovation and engineering services & solutions that will help Schindler to accelerate its digitization and connectivity initiatives.
 
Karl Heinz Bauer, Chief Technology Officer (CTO), Schindler said, “As a global player in the elevator and escalator industry, we leverage the new digital technologies to introduce best-in-class solutions to our customers. We look forward to the synergies arising from our future collaboration with LTTS.” 
 
Prabhakar Shetty, Global Head of Digital Manufacturing Services at L&T Technology Services said, “Innovations such as digital twin technology, build to automation, and the advancements in wireless connectivity are accelerating Industry 4.0 adoption. Schindler is a pioneer in the elevator & escalator industry and through this alliance, we commit to supporting Schindler in matching new-age innovations with traditional engineering.”

L&T Technology Services Wins US$ 100 Mn+ Plant Engineering engagement from Global O&G Major

Under a 5-year engagement, LTTS will provide engineering services at two integrated refining and chemicals manufacturing facilities in USA


India, December 10, 2020: L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a leading global pure-play engineering services company, announced that it has been selected by a global O&G major to be the primary engineering partner to support two of their integrated refining and chemicals manufacturing facilities in USA. This is a multi-year engagement with a potential value of more than USD 100 Million. 

Under the five-year engagement, LTTS will provide multi-discipline plant engineering activities including site sustenance, discipline engineering and control automation support for both facilities. LTTS will leverage its in-house digital engineering tools and new age technology & solutions to optimize project execution and drive efficiency improvements for the customer. The two sites covered under LTTS' scope are integrated refining, chemical and polymer complexes and are currently among the top 10 biggest downstream sites in the U.S.

Dr. Keshab Panda, CEO & MD, L&T Technology Services said, "Our focus on multi vertical, large engagements with customer intimacy, leveraging digital and new age technologies is yielding the desired outcomes. This latest instance of a major customer awarding LTTS a large multi-year program is testimony to our global plant engineering expertise."

"LTTS is delighted to partner with one of the world's leading O&G companies who are focused on providing affordable & sustainable energy and chemical products. Having worked in the Oil & Gas industry for a long time, our engineers have a unique appreciation of the challenges and opportunities in the energy and chemical industry. This is a prestigious win for LTTS, and we are excited to engage with our customer to deliver value in improving operational efficiency", Dr Panda added.

About L&T Technology Services Ltd

L&T Technology Services Limited (LTTS) is a listed subsidiary of Larsen & Toubro Limited focused on Engineering and R&D (ER&D) services. We offer consultancy, design, development and testing services across the product and process development life cycle. Our customer base includes 69 Fortune 500 companies and 53 of the world's top ER&D companies, across industrial products, medical devices, transportation, telecom & hi-tech, and the process industries. Headquartered in India, we have over 15,900 employees spread across 17 global design centers, 28 global sales offices and 52 innovation labs as of September 30, 2020. For more information please visit https://www.ltts.com/

L&T Technology Services Selected as a Consulting and Professional Services Provider for Amazon to Support Alexa Integration in Devices

L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a leading global pure-play engineering services company, today announced that it has been selected as a Consulting and Professional Services (CPS) provider to support Amazon Alexa Voice Service (AVS) integration in various connected devices spanning multiple domains and industries.
 
Alexa, the Amazon cloud-based voice service, is available on devices from both Amazon and third-party manufacturers and powers connected devices. AVS also manages the services and infrastructure required for Alexa experiences on Alexa built-in devices, and provides a suite of device APIs, SDKs, hardware kits, and documentation to enterprises across the world.
 
As technology revolutionizes every aspect of human life, products too have become more complex and smart with a combination of hardware, sensors, data storage, microprocessors, software, and connectivity. To ideate new voice activated products and expand the availability of voice recognition service across consumer and industrial digital appliances, LTTS in its capacity as an AVS Consulting and Professional Services provider, will deliver scale in capabilities, skills and capacity, access to new markets and specialization in technology and vertical domains for global enterprises, end-consumers and technology principals.
 
With decades of expertise in Embedded HW, Mechanical Design Services, Proto Manufacturing Support, Platform Software, Multimedia (Audio & Speech) and Product Testing Services, LTTS is well-equipped to provide consulting and professional services across an organization’s product portfolio and domains.
 
“We are delighted to see LTTS use their expertise in the consumer and industrial market, product development, device testing and certification, and innovation to transform their clients’ customer experience,” said Eric King, General Manager, Amazon Alexa Europe. “We welcome LTTS as our newest Alexa Voice Service Consulting and Professional Services provider and look forward to see them apply their capabilities to develop innovative voice solutions for enterprises, global device makers and brands”.
 
Seema Ghanekar, Global Head - Industrial & Consumer Products, L&T Technology Services said, “With the growing demand for digital voice recognition-enabled devices, the technological disruptions brought about by engineering services in the embedded devices space are ever rising. In fact, the suggested approach is to engineer experiences for end-users rather than the gadgets. With expertise in industrial market, product development, device testing and certification, LTTS is well-equipped to become a provider of choice for software integration for Amazon Alexa products. Our work with Amazon for AVS is a step in this direction as together we look towards driving new-age customer experience engineering benchmarks.”


L&T Technology Services Selected to Support Tenneco DRiV™ Ride Performance Division

LTTS will be setting up a HUB Development Center which will focus on shared Engineering Services for DRiV
L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a global leading pure-play engineering services company, today announced that it has been selected to provide engineering services for Tenneco’s DRiV original equipment (OE) Ride Control business group.
 
LTTS will set-up a HUB Development Center to provide DRiV with additional engineering capacity in conventional damper and component development. The HUB Development Center will also provide a hybrid, unified engineering business model for supporting established domains such as mechanical, product lifecycle management (PLM) and digital engineering. LTTS will also work with DRiV to modernize and upgrade engineering tools and create a global benchmarking framework for product lifecycle analysis.
 
Nik Endrud, Group Vice President and General Manager, DRiV Ride Control, said, “The transportation industry has witnessed a dramatic revolution in recent years mainly driven by digital technologies. Our engineering teams play a crucial role in designing and developing new- and next-generation suspension technologies that help our OE customers differentiate themselves in an extremely competitive and fast-changing market.”
 
LTTS is a well-known leader in engineering services with robust infrastructure for automotive engineering including 11 dedicated labs, a track record of working with leading OEMs and the ability to create exciting patents and solutions for customers.
 
“LTTS will develop design automation and back office support tools that will help increase efficiency for our global engineering organization. We expect LTTS’ services will help strengthen our focus internally on developing and launching innovative suspension technologies in our engineering centers of excellence in Europe and the US, as well as offer an efficient capacity management service to flex to the growing needs of the global suspension market for conventional damper and component engineering,” Endrud added.
 
Shailendra Shrivastava, Global Head of Ground Transportation at L&T Technology Services said, “At LTTS, we look forward to taking up challenging opportunities in engineering programs pertaining to product lifecycle management and this new engagement will help set the stage for us to create engineering tools to support DRiV engineers in developing intelligent suspension technologies and innovative passive solutions. LTTS looks forward to working with DRiV and capitalizing on prevailing trends such as new hybrid mobility models and the evolution of intelligent cars.”

About Tenneco

Tenneco is one of the world's leading designers, manufacturers and marketers of automotive products for original equipment and aftermarket customers, with 2019 revenues of $17.45 billion and approximately 78,000 team members working at more than 300 sites worldwide. Our four business groups - Motorparts, Ride Performance, Clean Air and Powertrain, deliver technology solutions for diversified global markets, including light vehicle, commercial truck, off-highway, industrial, motorsport and the aftermarket.

Market Reports

Market Report & Surveys
IndianWeb2.com © all rights reserved