HCL Technologies and PTC Showcase RMI Solution at LiveWorx 19

BOSTON–(BUSINESS WIRE)–HCL
Technologies, a leading global technology company, and PTC, an
industry leader in augmented reality and IoT, today announced a
pioneering Internet of Things (IoT) solution – Realtime Manufacturing
Insights (RMI) – for the discrete manufacturing industry. The solution
was launched at LIVEWORX 19, which is the definitive event for digital
transformation for the enterprise and marketplace for solutions
engineered for a smart, connected world.

RMI is a significant business enabler for Industry 4.0 manufacturing
organizations that face a need to have near real-time visibility into
the availability, performance, and quality of any given tool, equipment,
or machine that is part of the manufacturing process. In addition, it
provides enhanced insights, such as role-based visualization, drill-down
functionality, alerts, trends, downtime, and data analytics.

“The Fourth Industrial Revolution has ushered the manufacturing industry
into an era of mass customization, digital products and services, and
higher efficiency. With RMI, we aim to support manufacturing companies
in reducing downtime, inventory carrying costs, and maintenance costs by
enabling real-time visibility and analysis into the manufacturing
process, tools, and machines. This solution is a key addition to our
robust portfolio that will help manufacturing organizations realize true
business value from their IoT led transformation investments,” said
Sukamal Banerjee, Corporate Vice President, and Head, IoT WoRKS^TM,
HCL Technologies.

RMI is a robust solution that leverages PTC’s ThingWorx^® industrial
IoT and Kepware^® industrial connectivity platforms to deliver
an interactive experience layer that enables manufacturing stakeholders
to operate, manage, and decide based on near real-time data insights
using the latest artificial intelligence and machine learning
techniques. It provides real-time predictive visibility of processes,
assets, materials, tools, and logistics equipment across the process
chain that enable users to derive insights that enable them to increase
productivity and reduce costs.

RMI integrates with more than 100 south-bound manufacturing protocols,
and enables users to transform operational data into a fully
configurable and customizable data structure that makes the solution
extendable beyond operational information, such as energy data
management.

“The industrial marketplace is at an inflection point where effectively
leveraging disruptive digital technologies can alter the future
competitive landscape,” said Howard Heppelmann, General Manager of
Connected Operations Solutions, PTC. “We are thrilled to be
collaborating with HCL to bring breakthrough service offerings to the
market as we remain committed to guiding and supporting industrial
enterprises through the realization of step-change improvements for a
competitive marketplace advantage.”

PTC, ThingWorx, Kepware, LiveWorx, and the PTC logo are trademarks or
registered trademarks of PTC Inc. and/or its subsidiaries in the United
States and other countries.

About HCL Technologies

HCL Technologies (HCL) is a leading global technology company that helps
global enterprises re–imagine and transform their businesses through
Digital technology transformation. HCL operates out of 44 countries and
has consolidated revenues of US$ 8.6 billion, for financial year ended
31st March, 2019. HCL focuses on providing an integrated portfolio of
services underlined by its Mode 1–2–3 growth strategy. Mode 1
encompasses the core services in the areas of Applications,
Infrastructure, BPO and Engineering & R&D services, leveraging DRYiCETM
Autonomics to transform clients’ business and IT landscape, making them
‘lean’ and ‘agile’. Mode 2 focuses on experience–centric and
outcome–oriented integrated offerings of Digital & Analytics, IoT
WoRKS™, Cloud Native Services and Cybersecurity & GRC services to drive
business outcomes and enable enterprise digitalization. Mode 3 strategy
is ecosystem–driven, creating innovative IP–partnerships to build
products and platforms business.

HCL leverages its global network of integrated co-innovation labs and
global delivery capabilities to provide holistic multi–service delivery
in key industry verticals including Financial Services, Manufacturing,
Telecommunications, Media, Publishing, Entertainment, Retail & CPG, Life
Sciences & Healthcare, Oil & Gas, Energy & Utilities, Travel,
Transportation & Logistics and Government. With 137,965 professionals
from diverse nationalities, HCL focuses on creating real value for
customers by taking ‘Relationships Beyond the Contract’. For more
information, please visit www.hcltech.com.

Forward–looking Statements

Certain statements in this release are forward-looking statements, which
involve a number of risks, uncertainties, assumptions and other factors
that could cause actual results to differ materially from those in such
forward-looking statements. All statements, other than statements of
historical fact are statements that could be deemed forward-looking
statements, including but not limited to the statements containing the
words ‘planned’, ‘expects’, ‘believes’,’ strategy’, ‘opportunity’,
‘anticipates’, ‘hopes’ or other similar words. The risks and
uncertainties relating to these statements include, but are not limited
to, risks and uncertainties regarding impact of pending regulatory
proceedings, fluctuations in earnings, our ability to manage growth,
intense competition in IT services, business process outsourcing and
consulting services including those factors which may affect our cost
advantage, wage increases in India, customer acceptances of our
services, products and fee structures, our ability to attract and retain
highly skilled professionals, our ability to integrate acquired assets
in a cost-effective and timely manner, time and cost overruns on
fixed-price, fixed-timeframe 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, the success of our brand
development efforts, liability for damages on our service contracts, the
success of the companies /entities in which we have made strategic
investments, withdrawal of governmental fiscal incentives, political
instability, legal restrictions on raising capital or acquiring
companies outside India, and unauthorized use of our intellectual
property, other risks, uncertainties and general economic conditions
affecting our industry. There can be no assurance that the
forward-looking statements made herein will prove to be accurate, and
issuance of such forward-looking statements should not be regarded as a
representation by the Company, or any other person, that the objective
and plans of the Company will be achieved. All forward-looking
statements made herein are based on information presently available to
the Management of the Company and the Company does not undertake to
update any forward-looking statement that may be made from time to time
by or on behalf of the Company.

Contacts

Anne Coyle,
HCL Technologies
Anne.coyle@hcl.com