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Stock Report
HCL Technologies & Crane Aerospace Enter into Strategic Partnership for Engineering Services
Posted On : 2007-02-08 04:21:37( TIMEZONE : IST )
HCL Technologies Ltd has announced that the Company and Crane Aerospace & Electronics ("Crane") on February 08, 2007 will sign a Memorandum of Understanding (MOU) for a long-term strategic partnership. Under the terms of the MOU, the Company will work as an extension of Crane’s engineering team delivering high value engineering services including software, hardware, and mechanical engineering for full product lifecycle development from the Company’s existing Offshore Development Center (ODC) in Bangalore, India and the Company’s facilities in Chennai, India.
The signing will take place at Crane’s facility in Burbank, California where both companies will announce their strategic intent to expand the existing dedicated ODC team to include over 100 engineers. The Company will provide engineering services to support Crane’s product lines in Cabin, Landing Systems, Sensing & Utility Systems and Fluid Management across several aircraft programs.
Shami Khorana, Corporate Vice President, of the Company and President of HCL America Inc., a subsidiary of the Company, said, "This is a key engagement for HCL. We have been associated with Crane for more than two years and have had a very successful relationship, We began by executing small partial lifecycle projects which has now scaled up to include full lifecycle development projects culminating in the setting up of a dedicated ODC. We are excited about this recent plan for expansion and will continue to deliver transformational value to Crane through the ODC relationship."
The Company began their engagement with Crane in late 2004 with a Verification & Validation project on the 777 Brake Systems Control Unit. Towards the end of 2005, the Company set up a dedicated ODC for Crane that focused on providing software development as well as hardware (logic devices) and software verification & validation services. The Company services are now being extended to include full lifecycle product development.
