Bangalore, India, August 20, 2019:
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced a strategic partnership with the Indian Institute of Science (IISc), India’s premier public establishment for research and higher education in science and engineering, to conduct advanced applied research in autonomous systems, robotics and 5G space. The two organizations have jointly set up the Wipro IISc Research and Innovation Network (WIRIN), a hybrid industry academia collaboration unit, which will drive idea discovery, research and innovation in technology and product design.
A group of senior professors and research staff from IISc and engineers, developers, architects and researchers from the autonomous systems, robotics and 5G domains at Wipro will constitute the team at WIRIN. They will focus on the research and development of cutting-edge technologies in Artificial Intelligence, Machine Learning, Visual Computing, Human Computer Interaction (HCI) and Vehicle-to-everything communication (V2X). The insights from the research will be leveraged by Wipro for its customers and the industry ecosystem. The Institute will benefit from advancing its research goal and capacity building besides commercialization of the research outcomes.
Speaking about the collaboration, Abidali Z. Neemuchwala, Chief Executive Officer and Managing Director, Wipro Limited said, “We are excited to collaborate with the Indian Institute of Science, Bangalore, one of the most prestigious research institutes in the world, to develop innovative solutions for autonomous systems, robotics and 5G. This is a significant step towards strengthening our position to be at the forefront of these transformative technologies.”
“IISc believes collaboration between academia and the industry is a great way of solving challenging real-world problems. We welcome and thank Wipro for supporting this high-impact, collaborative research and innovation initiative to solve complex problems in autonomous vehicular systems, robotics and 5G. We are confident that the strong technology capabilities and capable talent from both organizations will come together to make notable strides in these domains,” said Anurag Kumar, Director of IISc Bangalore.
“As part of Wipro’s focus on emerging technologies and innovations, we have made key investments in the autonomous systems, robotics and 5G domain. Wipro’s technology expertise and understanding of domain-specific business challenges coupled with IISc’s distinguished research capabilities will create the right synergies to solve complex industry problems and develop next-gen mobility solutions. This collaboration will enable accelerated development and adoption of autonomous systems and V2X for our customers,” added K R Sanjiv, Chief Technology Officer, Wipro Limited.
Wipro has been investing in the area of autonomous systems and robotics for over eight years. Autonomous systems work at the convergence of several emerging technologies and are poised to disrupt multiple industries and verticals such as mobility, insurance, finance, smart cities and infrastructure, among others. Wipro has developed multiple solutions such as large-scale simulators for autonomous systems, including a grounds-up autonomous vehicle built on a Wipro IP platform capable of perceiving and navigating through state-of-the-art cognitive algorithms and capable of seamless V2X communications based on 5G systems and services.
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 170,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.
Media Contact:
Prathibha Nair
Wipro Limited
Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.
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