Bangalore, India - November 21, 2012:
Wipro Technologies, the Global Information Technology, Consulting and Outsourcing business of Wipro Limited (NYSE: WIT), today announced it has joined the Car Connectivity Consortium (CCC), to develop smartphone-based connected-car solutions. The Car Connectivity Consortium is a body dedicated to developing cross-industry collaboration global standards and solutions for smartphone and in-vehicle connectivity.
Members of the CCC include the world leaders in auto manufacturing, mobile communications and consumer electronics. MirrorLink™, a technology standard created by the consortium, ensures seamless communication between compliant smartphones and in-car systems like steering wheels, dashboard buttons and screens.
"The CCC is very pleased to have Wipro as a member," said Mika Rytkonen, chairman and president of the CCC. "Like all of our members, Wipro has demonstrated vision and foresight by supporting MirrorLink™. Wipro is a world leader in product engineering solutions and we look forward to the company's contributions to the connected car industry."
"We support Wipro in its spirit of collaboration to offer drivers and passengers a truly integrated connected driving experience in the future," said Mr. Shoji Suzuki from Clarion Co. Ltd., Japan, a leading manufacturer of in-car infotainment systems, also a core member of CCC. "Wipro's deep experience in automotive infotainment and mobile technologies will help the consortium build industry standard solutions for the growing market."
"Membership in the Car Connectivity Consortium is the logical next step in our endeavor to create the best driving experience for consumers. We've been working on similar technology for more than two years and have built solutions for interfacing with Terminal Mode and Non-Terminal Mode mobile devices. Our membership in CCC will further enable us to provide MirrorLink™ certified well tested and up to date solutions quickly to our customers." said John Slosar, General Manager, Automotive Electronics, Wipro Technologies. "We envision a world where built-in and brought-in devices in a car work in perfect harmony with each other. We are excited about the prospect of collaborating with the connected car ecosystem to realize this goal."
Wipro has been working on standardizing experiences across different devices that will help achieve seamless infotainment. In the automotive space, the company provides product development solutions for infotainment & telematics systems, body electronics, instrument clusters, power train & engine management systems. More than 15,000 engineers are engaged with Wipro's Engineering R&D and Product Engineering Services. R&D services contributed to 12.4% of Wipro's IT services revenue in FY 2011-12.
About Wipro Technologies
Wipro Technologies, the global IT business of Wipro Limited (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company, that delivers solutions to enable its clients do business better. Wipro Technologies delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology" - helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner's approach to delivering innovation and an organization wide commitment to sustainability, Wipro Technologies has 135,000 employees and clients across 54 countries. For more information, please visit www.wipro.com
About the Car Connectivity Consortium
The Car Connectivity Consortium is dedicated to cross-industry collaboration in developing MirrorLink™ global standards and solutions for smartphone and in-vehicle connectivity. Car Connectivity Consortium members are among the world's leading automotive, mobile communications and consumer electronics industry companies, including Alpine, BMW AG, Daimler, Delphi, Fiat Group Automobiles, Ford, Fujitsu Ten Corporation of America, General Motors, Garmin International, Harman, Honda R&D Co. Ltd., HTC, Hyundai Motor Company, JVC Kenwood Corporation, KDDI Corporation, LG Electronics, Mitsubishi Electric Corporation, Motorola Mobility, Nokia, Panasonic, Pioneer Corporation, PSA Automotive, QNX Software Systems, Ltd., Renault SAS, Renesas Electronics Corporation, Samsung, Sony Corporation, Sony Ericsson AB, Toyota, Volkswagen and many others. The Car Connectivity Consortium is open for any company to join. For further information, please visit www.carconnectivity.org.
Media Contacts:
US:
Eric Belove
Wipro
+1 732 216 6242
eric.belove@wipro.com
UK:
Rahul Kadavakolu
Wipro
+44 7920205496
rahul.kadavakolu@wipro.com
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.
