Cyient and Thingtrax announce a Partnership to Enable Manufacturers to Reduce Costs and Increase Efficiency

Cyient, a consulting-led, industry-centric, global technology solutions company, announced a partnership with Thingtrax to enable manufacturers to increase efficiency and reduce costs.

The partnership will enable global manufacturers to drive higher performance across their entire manufacturing operation through AI-powered data. Cyient's end-to-end manufacturing services suite and the Thingtrax solution allow manufacturing leaders to improve operational performance by engaging people at every level to embrace a high-performance culture.

"I am pleased to announce the global partnership between Cyient and Thingtrax," said Prabhakar Shetty, Chief Digital Officer at Cyient. "This partnership adds to Cyient's Digital E R&D focus and will help our global customers improve efficiency and reduce operational cost by improving their performance KPIs enabled by faster machine connectivity, dynamic visual feeds, and decision systems across organization levels."

Paul Reader, CEO of Thingtrax, said, "I am thrilled with the new partnership agreement with Cyient. Together, we will be able to effectively reach and successfully serve more manufacturing businesses seeking efficiencies through digitization."

Cyient has over 30 years of manufacturing experience with over 15,000 associates, having delivered solutions to over 300 customers in 19 countries. Cyient's portfolio covers a product's design, build, and maintenance cycle to provide OEMs with a single source for optimizing manufacturing processes.

Shares of Cyient Limited was last trading in BSE at Rs. 938.90 as compared to the previous close of Rs. 923.20. The total number of shares traded during the day was 23511 in over 1855 trades.

The stock hit an intraday high of Rs. 947.20 and intraday low of 917.65. The net turnover during the day was Rs. 22015238.00.

Source : Equity Bulls

Keywords

Cyient INE136B01020 Thingtrax Partnership