Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

L&T Technology Services wins IoT Platforms Leadership Award 2018

Posted On: 2019-01-09 09:52:49

L&T Technology Services Limited (NSE: LTTS), a leading global pure play engineering services company has been honored with the 2018 IoT Platforms Leadership Award by IoT Evolution Magazine, a U.S. based technology publication. LTTS secured the recognition for their IoT powered Condition Based Monitoring (CBM) Solution 'Integrated MCare' that facilitates predictive maintenance of machines.

Integrated MCare, LTTS' turnkey solution which leverages the Company's IoT platform UBIQWEISE 2.0™ incorporates next-gen technologies like artificial intelligence & IoT that aids manufacturers in making informed decisions in a timely manner. The solution incorporates integrated machine learning algorithms to analyze critical data from industrial machinery used in a variety of sectors. Integrated MCare has been successfully deployed for over a dozen global customers across industries like Automotive, Energy and CPG.

IoT Platforms Leadership Awards have been among the most prestigious recognitions in the communications and technology sector worldwide. Their winners include organizations who consistently demonstrate the advancement of technologies. This award honors enterprises delivering software or hardware solutions which enable smart homes and building industry through mass proliferation of IoT devices, networks and services.

Integrated MCare was evaluated by the members of the jury based on the following parameters:

- Platforms designed specifically for IoT systems solutions
-Platform solutions that can show customers who have earned business success by leveraging the platform
- Deep analytics functions, with a specific focus on machine learning, AI and intelligent analysis proficiencies
- Showing a clear understanding of UX design that is not just for aesthetics and ease of use, but also to help users get access to deep learning from data sets.

Dr. Keshab Panda, Chief Executive Officer & Managing Director, L&T Technology Services said "Integrated MCare is powered by LTTS' homegrown IoT platform UBIQWEISE2.0™. The Condition-Based-Monitoring solution employs machine learning principles in predictive analytics to proactively notify operators about potential machine failure. This award is a testament to the Company's leadership in the Industrial IoT marketplace and our teams' success in offering a comprehensive IoT solution that enables global manufacturers to determine real time asset conditions and make intelligent predictions".

Commenting on LTTS' award win, Ken Briodagh, editorial director for IoT Evolution said, "The solutions selected for this award reflect the innovations driving the fast-growing IoT marketplace. LTTS' Integrated MCare solution hosted on the company's proprietary cloud IoT platform UBIQWEISE™ not only exhibits significant benefits in IoT but also helps the company's global customers rapidly customize and seamlessly & securely deploy their products & services. I am pleased to congratulate L&T Technology Services for their innovative work and contribution to this rapidly evolving industry."

In addition, Rich Tehrani, CEO, TMC, said, "Traditional techniques and solution models are unable to rightly predict equipment health and life. Integrated MCare enables organizations to gain actionable insights in real time and detect machine faults before incident occurrence or major equipment damage with round-the-clock monitoring. LTTS rightly deserves the 2018 IoT Platforms Leadership Award for their best-in-class solution and I look forward to seeing more such innovations from the Company in the future."

Shares of L&T Technology Services Ltd was last trading in BSE at Rs.1654 as compared to the previous close of Rs. 1629.05. The total number of shares traded during the day was 5868 in over 903 trades.

The stock hit an intraday high of Rs. 1670 and intraday low of 1621.85. The net turnover during the day was Rs. 9685660.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Pricol Ltd announces changes in board

The South Indian Bank Ltd board approves debt issue of up to Rs. 500 crores

Sandhar Technologies Ltd signs JV agreement with Winnercom Co. Ltd.

Tenure of 6 independent directors of NBCC India Ltd ends

Super Spinning Mills Ltd announces resignation of directors

Pricol Limited announces financial results for Q4 FY 2018-19

Elecon Engineering Company Ltd bags Rs. 79.12 crores order from BHEL

Fire accident at PG Electroplast Ltd's washing machine division

FDC Limited receives ANDA approval for Dorzolamide and Timolol Ophthalmic Solution USP 22.3Mg/6.83Mg Per Ml

USFDA completes inspection at Unit 2 of Divi's Laboratories Ltd at Chippada

Apcotex Industries Ltd fixes July 5, 2019 as record date for stock split

ICRA updates on credit ratings of Aster DM Healthcare Ltd

GPCB revokes closure notice issued to Coromandel International Ltd's Sarigam unit

Relaxo Footwears Ltd fixes June 27, 2019 as record date for bonus issue

Shriram EPC Ltd approves resignation of nominee director

Bilcare Limited appoints Ms. Madhuri Vidya as women independent director

PSP Projects Ltd's MD & CEO bags CXO of the Year award

Zydus' Nesher Pharmaceuticals receives final approval from the USFDA for Omega-3-Acid Ethyl Esters Capsules

Alidac Pharmaceuticals Ltd receives EIR from USFDA

Reliance Infrastructure Ltd announces FY19 results

Smt. Supriya Prakash Sen co-opted as additional director of Lakshmi Vilas Bank Ltd

Mahindra enters into Strategic Alliance with Switzerland-based Gamaya

CreditAccess Grameen Ltd appoints B R Diwakar as additional director

Voltas launches new Brand Shop at Chackai, Thiruvananthapuram

Ind-Ra revises rating outlook of CCL Products India Ltd

Aplab Ltd appoints independent director

Infosys Ltd board to announce Q1 results on July 12, 2019

USFDA completes inspection at Laurus Labs Ltd's Vizag units

Asian Hotels North Ltd updates on rating downgrade by CRISIL

Siti Networks Ltd appoints Mr. Suresh Kumar Arora as whole time director

M&M updates on investment in Gamaya SA, Switzerland

Maruti Suzuki sets up Water ATM in Naviyani village, Gujarat

G M Breweries Ltd board to consider Q1 results on July 4, 2019

McDonald's comes up with McSaver Snacks Mix n' Match combo offers starting at just Rs 49!

3i Infotech Ltd appoints Mr. Rajeev Kumar Sinha as nominee director of IDBI Bank

Tata Communications divests remaining 26% stake in The Singapore Data Centre Business

Biocon Biologics Facilities In Bengaluru Receive EU GMP Certification

Shri Lakshmi Cotsyn Ltd appoints CFO

Smartlink Holdings Ltd board approves buy back at Rs. 130

Steelco Gujarat Ltd calls for board meeting on July 16, 2019

IDBI Bank initiates Forensic Audit of Sankhya Infotech Ltd

The Indian Wood Product Co. Ltd launches Pan Sugandh - packet of Katha in the state of Bihar

Kapil Uniyal of Birlasoft bags award

Sun Pharma announces Late-Breaking Phase 2 Data Showing Potential of ILUMYA™

Sunteck Realty Ltd appoints CFO

Melstar Information Technologies Ltd announces resignation of CEO

The Indian Wood Product Co. Ltd launches retail packets of Spices in New Delhi and Uttarakhand

Dr. Reddy's Laboratories inks agreement to sell its neurology branded products to Upsher-Smith Laboratories, LLC

RITES Ltd board to consider bonus issue on June 24, 2019

Hexaware acquires Mobiquity Inc for $182 mn







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019