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Sasken and JOYNEXT forge strategic partnership to accelerate innovation and expand global footprint

Posted On : 2024-04-16 22:45:38( TIMEZONE : IST )

Sasken and JOYNEXT forge strategic partnership to accelerate innovation and expand global footprint

Sasken Technologies Limited, a leading provider of product development and digital transformation services, and JOYNEXT, a respected Tier1 player in the automotive industry, announced a strategic partnership to collaborate on the development and launch of cutting-edge platforms for both in-vehicle systems (navigation, digital cockpit and 5G telematics) and off-vehicle cloud and digital services leveraging emerging technologies for the automotive industry.

Sasken and JOYNEXT will leverage their complementary expertise, global presence, and strong ecosystems to deliver innovative and integrated solutions to the automotive industry. This collaboration will enable faster time to market with the best IPs and provide unparalleled support throughout the product development process. By combining JOYNEXT's proven advanced automotive solutions with Sasken's innovative automotive hardware and software capabilities, including chip-tocloud cognitive engineering, connected car solutions, optimised edge computing solutions, computer vision, generative AI, and cybersecurity, the partnership aims to address the complex needs of the automotive market while delivering enhanced customer experiences.

"We are excited to collaborate with JOYNEXT, as their automotive industry expertise aligns perfectly with Sasken's ambition to maintain a leadership position in the global automotive market," said Mr. Abhijit Kabra, CEO, Sasken Technologies. "By leveraging our respective strengths, we can provide unique value to our customers and accelerate technological advancements in the automotive industry."

The partnership began with a multi-year collaboration focused on automotive software maintenance for navigation and ASPICE compliance. It also includes the definition and implementation of enhancements for new products to keep pace with evolving Software Defined Vehicle (SDV) architectures. Sasken will drive the initiative to address EV challenges such as range anxiety, compatibility with navigation ecosystem players, increasing driver confidence by incorporating realtime data on charging points, driving terrains and integration with ADAS systems. Proprietary algorithms will optimise battery range for safer, more efficient journeys.

"We at JOYNEXT are excited to join forces with Sasken," said Stavros Mitrakis, CEO of JOYNEXT. "By leveraging Sasken's strong hardware and software capabilities and our extensive automotive domain knowledge, we will be able to develop solutions that not only address today's challenges, but also anticipate the needs of the future. We are confident that this partnership will enhance our product offering and enable us to deliver more innovative, safer, and more enjoyable driving experiences to our customers".

The aim of the partnership between Sasken and JOYNEXT is not only to push the boundaries of product innovation, but also to ensure that products reach the market more efficiently, equipped with the latest technology and tailored to meet the ever-changing demands of consumers.

Shares of Sasken Technologies Limited was last trading in BSE at Rs. 1561.30 as compared to the previous close of Rs. 1526.65. The total number of shares traded during the day was 1138 in over 286 trades.

The stock hit an intraday high of Rs. 1585.25 and intraday low of 1518.00. The net turnover during the day was Rs. 1762756.00.

Source : Equity Bulls


SaskenTechnologies INE231F01020 JOYNEXT StrategicPartnership