Companies partner to create software critical for flight test
Chennai, Noida, India, March 30, 2010 - The Boeing Company [NYSE:BA] and HCL Technologies Ltd. [HCL] have inaugurated a new Center of Excellence to support test and evaluation operations at Boeing.
Specifically, the facility will provide engineering applications design, development and support for applications that the Boeing Test & Evaluation (BT&E) organization uses on various products. BT&E provides effective and efficient test and evaluation services that support business programs across Boeing.
"Boeing values India's technology strength and is committed to work with its various partners to develop an advanced aerospace industry in India," said Dr. Dinesh Keskar, President, Boeing India, "HCL's deep understanding of the global aerospace and defense industry and its proven expertise in implementing large, complex projects in aviation sector made them an excellent partner for this."
"Today's announcement with Boeing is significant because it is testament to HCL's strong partnership with Boeing," said Mr. GH Rao, Corporate Vice President and Head, Engineering and Research & Development Services HCL Technologies. "The launch of this Center of Excellence symbolizes the long-term commitment to our partnership. Primarily, we will partner with Boeing on projects that involve system modernization, technology standardization, and Lean initiatives."
"By partnering with HCL to create robust engineering application tools we manage our IT systems more effectively allowing BT&E to help drive Boeing to its goal to be the world's best-integrated aerospace-based company," said Dennis O'Donoghue, Vice President of Boeing Test & Evaluation.
This announcement marks the latest milestone in a relationship that began in 2004 between Boeing and HCL. Over the past six years, HCL has been an IT partner with Boeing on several projects to optimize business processes through increasingly efficient IT systems.
About HCL Technologies
HCL Technologies is a leading global IT services company, working with clients in the areas that impact and redefine the core of their businesses. Since its inception into the global landscape after its IPO in 1999, HCL focuses on 'transformational outsourcing', underlined by innovation and value creation, and offers integrated portfolio of services including software-led IT solutions, remote infrastructure management, engineering and R&D services and BPO. HCL leverages its extensive global offshore infrastructure and network of offices in 26 countries to provide holistic, multi-service delivery in key industry verticals including Financial Services, Manufacturing, Consumer Services, Public Services and Healthcare. HCL takes pride in its philosophy of 'Employee First' which empowers our 55,688 transformers to create a real value for the customers. HCL Technologies, along with its subsidiaries, had consolidated revenues of US$ 2.5 billion (Rs. 11,833 crore), as on 31st December 2009 (on LTM basis). For more information, please visit www.hcltech.com
About HCL
HCL is a $5 billion leading global Engineering and IT Enterprise that comprises two companies listed in India - HCL Technologies & HCL Infosystems. Founded in 1976, HCL is one of India's original IT garage start-ups, a pioneer of modern computing, and a global transformational enterprise today. Its range of offerings includes product engineering, custom & package applications, BPO, IT infrastructure services, IT hardware, systems integration, and distribution of information and communications technology (ICT) products across a wide range of focused industry verticals. The HCL team comprises over 60,000 professionals of diverse nationalities, who operate from 26 countries including over 500 points of presence in India. HCL has global partnerships with several leading Fortune 1000 firms, including leading IT and Technology firms. For more information, please visit www.hcl.com
Forward-looking Statements
Certain statements in this release are forward-looking statements, which involve a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward-looking statements. All statements, other than statements of historical fact are statements that could be deemed forward looking statements, including but not limited to the statements containing the words 'planned', 'expects', 'believes', 'strategy', 'opportunity', 'anticipates', 'hopes' or other similar words. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding impact of pending regulatory proceedings, fluctuations in earnings, our ability to manage growth, intense competition in IT services, Business Process Outsourcing and consulting services including those factors which may affect our cost advantage, wage increases in India, customer acceptances of our services, products and fee structures, our ability to attract and retain highly skilled professionals, our ability to integrate acquired assets in a cost effective and timely manner, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, the success of our brand development efforts, liability for damages on our service contracts, the success of the companies / entities in which we have made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property, other risks, uncertainties and general economic conditions affecting our industry. There can be no assurance that the forward looking statements made herein will prove to be accurate, and issuance of such forward looking statements should not be regarded as a representation by the Company, or any other person, that the objective and plans of the Company will be achieved. All forward looking statements made herein are based on information presently available to the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company. Other product or service names mentioned herein are the trademarks of their respective owners.
For details, contact:
Swati Rangachari
Boeing, Director India Communications
+911146566040
Email: swati.rangachari@boeing.com
Avena Suri
HCL Technologies
+91-9650006381
Email: Avena.suri@hcl.com
Milan Kishorpuria
Genesis Burson-Marsteller
+91 999 938 0178
Email: milan.kishorpuria@bm.com
Jennifer Hawton
Boeing Test & Evaluation Communications
+1 425-444-1600
Email: jennifer.d.hawton@boeing.com
Kunal Takalkar
+91 9810073217
Email: kunal.takalkar@adfactorspr.com