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

| More

KPIT and ZF form development cooperation for industry-leading middleware solution

Posted On: 2021-10-22 12:08:52 (Time Zone: IST)


KPIT Technologies, a leading independent software development and integration partner to the automotive and mobility industry and ZF Group, a global technology company supplying systems for passenger cars, commercial vehicles and industrial technology, announced that they will cooperate for joint development for an industry leading middleware solution for the mobility ecosystem.

The continual increase in software complexity coupled with high-performance computing infrastructure needs a robust and dependable middleware solution. The lack of such a solution can potentially delay vehicle development and escalate technology spends.

Built with the software expertise of KPIT paired with ZF's strong understanding of vehicle systems, a mature, modular middleware solution which can be deployed across OEMs represents a transformative opportunity for the mobility ecosystem. This cooperation will also bring onboard solutions from other technology companies, including semiconductor specialists, software companies, cloud services and start-ups.

The middleware development will draw upon KPIT's experience in several production programs, expertise in architecture consulting & software integration and its strengths in cloud based connected services. It will use KPIT's existing assets, tools and accelerators and other core infrastructure.

Kishor Patil, CEO, KPIT Technologies, said - "We are very excited to cooperate with ZF for developing an industry leading middleware solution. OEMs want to explore open and scalable middleware solutions that can set foundation for the future generation of vehicles and bring significant quality and productivity improvements. An appropriate middleware solution will help OEMs and our mobility customers to transition well to a solid central computer architecture. Together, we bring software expertise, systems understanding, and knowledge of OEMs and mobility customer needs. This development cooperation for middleware solutions will add immense value to our global automotive and mobility customers and significantly shorten time for the development cycles."

"The next generation of vehicles that come into the market will feature electric drives, a high degree of automated functions as well as connectivity, and they will be software-defined," explains Dr. Dirk Walliser, SVP Corporate R&D at ZF Group. "Using what we jointly develop with KPIT, we can offer our automotive customers even more comprehensive software solutions that fit seamlessly together with our system portfolio for the software-defined vehicle: high performance computing, software, intelligent sensors and smart actuators."

In January 2021, ZF established a Global Software Center with responsibility for developing software systems for future architectures on a group-wide level. One core product is an automotive middleware that serves as a "mediator" between a vehicle computer's operating system and its software applications. Its development is closely connected to the development of application software for mobility domains like automated driving, integrated safety, vehicle motion control and electric mobility.

Shares of KPIT Technologies Limited was last trading in BSE at Rs. 337.45 as compared to the previous close of Rs. 341.75. The total number of shares traded during the day was 118468 in over 5252 trades.

The stock hit an intraday high of Rs. 344.50 and intraday low of 330.00. The net turnover during the day was Rs. 39770898.00.


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





Other Headlines:

Anjani Portland Cement Limited receives demand notice for Rs. 16.71 crore from power distribution company

India's biggest annual conference on eye surgery IIRSI 2021 inaugurated

Brightcom Group Ltd to consider shares allotment for acquisition

Alankit Ltd board to consider fund raising on Dec 8, 2021

GSS Infotech Ltd approves fund raising, acquisition proposal

Bank of India unveils 'Azadi ka Amrit Mahotsav' at all its branches across India

Nxtdigital Ltd approves allotment of 96,20,463 Rights Equity Shares

IITL - Nimbus The Palm Village surrenders unutilized land to YEIDA

Carborundum Universal Ltd subsidiary to acquire company in Germany

Polo Queen Industrial and Fintech Limited updates on new project

Arihant Capital Markets Ltd to divest SPA Electrum Portfolio Managers Ltd

Yash Innoventures Ltd purchases land at Kolet, Sanand to carry out Residential Plotting Scheme

H G Industries Ltd becomes subsidiary of Greenlam Industries Limited

Steelcast Ltd announces Long-term Supply Agreement with large OEM for North American Rail-Road Industry

Sangam India Ltd forms subsidiary

Cheviot Company Ltd board approves buyback at Rs. 1725 per share

Safari Industries India Ltd's subsidiary to purchase land and property at Panchmahal district

Narayana Hrudayalaya Ltd to set up Multi-Speciality Hospital in Ludhiana in partnership with Ritesh Properties & Industries Limited

Mahalaxmi Rubtech Ltd to seek listing in NSE

Fedders Electric and Engineering Ltd allots shares to IM+ Capitals Ltd

Celebrity Fashions Limited to consider fund raising on Dec 8, 2021

Tech Mahindra acquires 100% stake in Activus Connect

INOX Wind Ltd allots NCPRPS

PNB Housing Finance appoints Amit Singh as Chief People Officer

Lupin and Biomm Enter into a Distribution and Marketing Agreement for Pegfilgrastim in Brazil

Maitri Enterprises Ltd board to consider preferential issue

NMDC Ltd board recomends interim dividend of Rs. 9.01

Lloyds Metals and Energy Ltd announces extension of mining lease for another 30 years

GAIL opens new round for submission of proposals from Start-Ups

Canara Bank launches limited period attractive offer for Home loan customers

SPARC enters into a licensing agreement with Biomodifying to acquire exclusive rights for antibody against unique oncology target

Bedmutha Industries Ltd bags Export Tender worth 715,530.00 US$

CRISIL upgrades Meghmani Finechem's rating to CRISIL AA-/Stable

Automotive Stampings and Assemblies Ltd to set up new plant at Chakan

Kopran Ltd board to consider preferential issue on Dec 8, 2021

63 moons Technologies Ltd's stake in Tickerplant Ltd reduces to 77.51%

Antony Lara Enviro Solutions Pvt Ltd awarded Merit for Excellence in Managing MSW by CII

Yashraj Containeurs Ltd updates on plant operation

Morepen gets USFDA Approval for Fexofinadine (Allegra) Expected to start export in Q4'FY22

Dilip Buildcon Ltd receives provisional completion certificate for road project in Andhra Pradesh

KEC International wins New Orders of Rs. 1,065 crores

Onward Technologies Ltd completes acquisition of NV Pune

L&T and Kemroc ink pact to distribute latter's cutting-edge products in India

Aurionpro Payment Solutions Pvt Ltd inducts new Board Members

Hero MotoCorp expands operations in Argentina, opens dealership at Buenos Aires

JSW Steel Limited restructures US coal operations

Ashoka Buildcon Ltd emerges L1 bidder for Rs. 769.41 crore project

Hindustan Zinc Ltd board to consider interim dividend for FY2022

Adani Ports and Special Economic Zone Ltd handles 24.74 MMT cargo volume in November 2021

Ethos Limited allots rights shares, to come with IPO


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

disclaimer copyright © 2005 - 2020