By integrating PST's simulation technology, the partnership aims
to set new standards for operational excellence and safety within
the Indian rail sector. LTTS will bring its considerable domain
expertise in the rail engineering segment to assist in the
localization and Indianization of PST's technology, ensuring it
meets the specific needs of the Indian railways.
LOUISVILLE, Colo., July 30,
2024 /PRNewswire-PRWeb/ -- L&T Technology
Services Limited (BSE: 540115, NSE: LTTS), a global digital
engineering and R&D services company, and PS Technology (PST),
a wholly owned subsidiary of Union Pacific Railroad, a pioneer in
railroad crew training and management, today announced a strategic
partnership around Mobility aimed at bringing cutting-edge
simulation technology to the railways market in India and adjacent geographies. The companies
have signed a Memorandum of Understanding (MoU) to focus on the
design, development and supply of advanced AI-based simulation
technologies, poised to significantly enhance the operational
efficiency and safety of rail infrastructure in India and overseas.
"We are thrilled to partner with L&T
Technology Services to introduce our advanced simulator technology
in India and adjacent rail
markets. This collaboration aligns with our commitment to
revolutionize rail infrastructure through innovation and localized
solutions." Abhi Bhan, Sr. Managing
Director
As part of the agreement framework, LTTS and PST have
established their first Customer Experience and R&D Center
(CXC) in Faridabad near New Delhi.
This CXC will leverage new technologies around the design and
supply of simulators, setting new standards in the railroad sector
in India. The center aims to
provide unparalleled support and innovation, driving advancements
in simulation and training capabilities for the Indian
Railways.
The collaboration between PST and LTTS will enhance safety and
provide real-time insights for modern-day transportation. This new
center will simulate real-time data collection, proactive
decision-making, and improved resource management, setting new
standards in rail simulation, immersive learning, training, and
crew management. By leveraging AI & augmented reality
technologies, the center aims to make rail transportation safer,
more secure, and faster.
"We are thrilled to partner with L&T Technology Services to
introduce our advanced simulator technology in India and adjacent rail markets. This
collaboration aligns with our commitment to revolutionize rail
infrastructure through innovation and localized solutions." said
Abhinav Bhan, Senior Managing
Director and Global Head, PST.
"L&T Technology Services' extensive experience in the
railways engineering domain, combined with PS Technology's
innovative simulator technology, forms a game-changing proposition
for the global railway market. Our partnership will deliver
transformative Mobility Solutions that enhance operational
efficiency and safety across the rail network," said Alind Saxena, Executive Director & President
– Mobility & Tech at LTTS. "We are excited to establish the
Customer Excellence Center in Faridabad, which will serve as a hub
for innovation and excellence in rail simulation technology."
By integrating PST's simulation technology, the partnership aims
to set new standards for operational excellence and safety within
the Indian rail sector. LTTS will bring its considerable domain
expertise in the rail engineering segment to assist in the
localization and Indianization of PST's technology, ensuring it
meets the specific needs of the Indian railways.
About PST
PS Technology is committed to delivering significant and measurable
returns to its clients and partners. For over three decades, PST
has improved the processes and systems surrounding crew management,
timekeeping and physics-based simulation solutions with integrity
and a desire to create railroad value.
PST's asset management systems power the largest railroads in
North America. PST's crew
management and timekeeping solutions have been used to manage the
day-to-day operations of over 100,000 employees that run, maintain
and support rail operations across more than 120,000 miles of rail.
PST's physics-based simulation solutions provide a premium learning
environment. https://pstechnology.com
About L&T Technology Services Ltd
L&T Technology Services Limited (LTTS) is a listed subsidiary
of Larsen & Toubro Limited focused on Engineering and R&D
(ER&D) services. We offer consultancy, design, development and
testing services across the product and process development life
cycle. Our customer base includes 69 Fortune 500 companies and 57
of the world's top ER&D companies, across industrial products,
medical devices, transportation, telecom & hi-tech, and the
process industries. Headquartered in India, we have over 23,800 employees spread
across 22 global design centers, 28 global sales offices and 104
innovation labs as of March 31, 2024.
For more information, please visit https://www.LTTS.com/.
Media Contact
Mark Bremmer, PS Technology,
800-766-1630, info@pstechnology.com,
https://pstechnology.com
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SOURCE PS Technology