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Non-Public Companies : Industrials


HCL Technologies to Provide Engineering Services for Bergstrom's HVAC Products

Jul 10, 2008 - 10:36:01 AM

News Source MARKET WIRE

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SUNNYVALE, CA -- (MARKET WIRE) -- 07/10/08 -- HCL Technologies Ltd. ("HCL"), India'sleading global IT services company, today announced it has been awarded anew multi-year, multi-location, multi-faceted contract with Bergstrom Inc.,a global leader in the design and supply of climate systems to thecommercial vehicle industry. Under the terms of this three-year contract,HCL will provide engineering change management, value engineering, nextgeneration product design and computer aided engineering (CAE) analysis forBergstrom's Heating, Ventilation and Air Conditioning (HVAC) products.

"Our partnership with Bergstrom demonstrates our deep engineering expertisespecific to HVAC and mechanical systems," explained Sandeep Kishore, SVPand Head of Hi-Tech and Manufacturing at HCL Technologies. "Bergstrom wasalso looking to expand into new markets, including India, and ourunderstanding of products required for the emerging markets like India andcapabilities in designing cost-effective products was very helpful tothem."

HCL will leverage its next-generation HVAC R&D Lab and Workshop inBangalore, India, to provide Bergstrom with new features development forthe company's existing product portfolio. The engagement will later expandto support next generation product design as well. Similar services willbe provided to Bergstrom's UK operations.

"HCL's HVAC R&D Lab is a testament to the company's expertise andinvestment in this space," said Paul Von Driska, Vice President ofStrategic Planning at Bergstrom. "By partnering with HCL, we now have aglobal team of dedicated and experienced engineering professionals allowingus to improve our time-to-market and ultimately furthering our competitiveadvantage," said John Bracey, Vice President of Engineering and New ProductDevelopment at Bergstrom.

About Bergstrom

Bergstrom Inc. is a global leader in the design and supply of climatesystems to the commercial vehicle industry. Since 1949, Bergstrom hassupplied many of the world's largest and most respected companies withtheir heating and air-conditioning needs. By combining progressiveengineering talent, lean manufacturing principals and a global footprint,Bergstrom offers a unique blend of commercial vehicle marketplace focus andcustomer value. www.bergstrominc.com

About HCL Technologies

HCL Technologies is one of India's leading global IT Services companies,providing software-led IT solutions, remote infrastructure managementservices and BPO. Having made a foray into the global IT landscape in 1999after its IPO, HCL Technologies focuses on Transformational Outsourcing,working with clients in areas that impact and re-define the core of theirbusiness. The company leverages an extensive global offshore infrastructureand its global network of offices in 18 countries to deliver solutionsacross select verticals including Financial Services, Retail & Consumer,Life Sciences & Healthcare, Hi-Tech & Manufacturing, Telecom and Media &Entertainment (M&E). For the quarter ended 31st March 2008, HCLTechnologies, along with its subsidiaries had last twelve months (LTM)revenue of US $1.8 billion (Rs. 7083 crores) and employed 49,802professionals.

About HCL Enterprise

HCL Enterprise is a $4.8 billion leading Global Technology and ITEnterprise that comprises two companies listed in India -- HCL Technologies& HCL Infosystems. The 3-decade-old enterprise, founded in 1976, is one ofIndia's original IT garage start-ups. Its range of offerings span ProductEngineering, Custom & Package Applications, BPO, IT InfrastructureServices, IT Hardware, Systems Integration, and distribution of ICTproducts. The HCL team comprises over 55,000 professionals of diversenationalities, who operate from 18 countries including 360 points ofpresence in India. HCL has global partnerships with several leading Fortune1000 firms, including leading IT and Technology firms. For moreinformation, please visit www.hcl.in.

Forward-looking Statements

Certain statements in this release are forward-looking statements, whichinvolve a number of risks, uncertainties, assumptions and other factorsthat could cause actual results to differ materially from those in suchforward-looking statements. All statements, other than statements ofhistorical fact are statements that could be deemed forward lookingstatements, including but not limited to the statements containing thewords 'planned,' 'expects,' 'believes,' 'strategy,' 'opportunity,''anticipates,' 'hopes' or other similar words. The risks and uncertaintiesrelating to these statements include, but are not limited to, risks anduncertainties regarding impact of pending regulatory proceedings,fluctuations in earnings, our ability to manage growth, intense competitionin IT services, Business Process Outsourcing and consulting servicesincluding those factors which may affect our cost advantage, wage increasesin India, customer acceptances of our services, products and feestructures, our ability to attract and retain highly skilled professionals,our ability to integrate acquired assets in a cost effective and timelymanner, time and cost overruns on fixed-price, fixed-time frame contracts,client concentration, restrictions on immigration, our ability to manageour international operations, reduced demand for technology in our keyfocus areas, disruptions in telecommunication networks, our ability tosuccessfully complete and integrate potential acquisitions, the success ofour brand development efforts, liability for damages on our servicecontracts, the success of the companies / entities in which we have madestrategic investments, withdrawal of governmental fiscal incentives,political instability, legal restrictions on raising capital or acquiringcompanies outside India, and unauthorized use of our intellectual property,other risks, uncertainties and general economic conditions affecting ourindustry. There can be no assurance that the forward looking statementsmade herein will prove to be accurate, and issuance of such forward lookingstatements should not be regarded as a representation by the Company, orany other person, that the objective and plans of the Company will beachieved. All forward looking statements made herein are based oninformation presently available to the management of the Company and theCompany does not undertake to update any forward-looking statement that maybe made from time to time by or on behalf of the Company.

For details, contact

Kirsten Paragona
HCL Technologies
Email Contact
+1 978 356 3342

Susan Vander May
Citigate Cunningham for HCL
Email Contact
+1 415 618 8721



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