Press release from Business Wire India
Source: NXP
Wednesday, April 20, 2011 04:18 PM IST (10:48 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Education & training, Information technology, Media & entertainment; Technology
--------------------------------------------------
NXP "Anubhav" University Program Launches "Automotive Center of Excellence" at I 2 IT
New Automotive Centre of Excellence founded in Pune to foster automotive research and product development
Pune, Maharashtra, India, Wednesday, April 20, 2011 -- (Business Wire India) -- NXP Semiconductors N.V. (NASDAQ: NXPI) today inaugurated the Automotive Centre of Excellence (ACE) in Pune in association with the International Institute of Information Technology (I 2 IT). Located at I 2 IT Pune Campus, this Center of Excellence will provide unique infrastructure and collaboration of the Industry and academia. The center will foster the innovation in the field of automotive electronics and would provide students, faculties, automotive Original Equipment Manufacturers (OEMs), automotive sub-assembly suppliers and industries in the region with expert technical support for product development and research activities to address market demands. In January 2011, NXP had announced an elaborate initiative called NXP 'Anubhav' to set up state-of-the-art labs at top engineering institutes in India and the Automotive Center of Excellence is a step in the direction. This is fifth lab as part of a plan to setup 20 labs across India under NXP "Anubhav" program.
"Pune has emerged as an important automotive hub in the country and is home to excellent academic institutions on embedded systems. By setting up the first ever Automotive Centre of Excellence in the country for university students, we hope to foster automotive research in the Pune metropolitan area. We want to give I2IT students a chance to work closely with customers and OEMs to help them innovate and address market trends at same time," said Mr. Drue Freeman, Vice President, Global Sales and Marketing, Automotive Business, NXP Semiconductors. "We are especially happy to partner with I 2 IT for this initiative, as it's one of the few institutes in India which has an exclusive curriculum dedicated for automotive engineering."
Speaking on the association with NXP, Padmashree Dr. Vijay Bhatkar, Chief Mentor at I 2 IT said, "As a world-class institute, we pride ourselves on giving our students opportunities to work closely with industry. We plan to work with some of the leading companies to allow our students to work on live projects related to automotive domain. We are confident that our association with a leading semiconductors company like NXP will tremendously benefit our students and faculty, specializing in this domain and also create unique opportunity for Industry Institute collaboration."
NXP and I 2 IT have jointly decided to establish 'Automotive Centre of Excellence' (ACE). The center will be used for teaching and working on industry projects in the fields of High Performance Mixed Signal (HPMS) solutions for application in automotive electronics and other industrial domains. ACE at I2IT will foster talent, facilitate technology absorption, knowledge generation and focus in chosen domain to develop application and solution for specific markets like India.
Through the Centre, NXP will provide electronic product development facilities for local OEMs and other customers in the region. The ACE will have tools, software, and hardware facilities for specialised automotive electronics domains such as Infotainment, Telematics, Car Access and Immobilisers, In-Vehicle-Networking (IVN), Sensors, and General Purpose semiconductor devices. ACE will also be used to conduct seminars, technology trainings & hands-on workshops in the campus by NXP, I 2 IT and industry experts. NXP will work closely with the I 2 IT to incorporate NXP technology into the academic curriculum to familiarize students & faculty with NXP's HPMS product portfolio.
NXP is global market leader in car entertainment, in-vehicle networking, car access and immobilizers. 50 percent of all cars use NXP immobilizers to prevent car theft, one in three cars produced worldwide has an NXP sensor on board, and every brand of car that uses in-vehicle networking features NXP transceivers. Its research and development focuses on CO2 reduction and connected mobility.
About I 2 IT:
The International Institute of Information Technology (I 2 IT) is a creation of Shri P. P. Chhabria, well-known industrialist and philanthropist and Padmashree Dr. Vijay Bhatkar, a distinguished scientist and an acclaimed IT leader of India who is credited with the creation of India's PARAM series of supercomputers and a recipient of Maharashtra's highest recognition 'Maharashtra Bhushan'. The vision and leadership of these two distinguished gentlemen have shaped this Institute since its inception. www.isquareit.ac.in
About NXP Semiconductors
NXP Semiconductors N.V. (NASDAQ: NXPI) provides High Performance Mixed Signal and Standard Product solutions that leverage its leading RF, Analog, Power Management, Interface, Security and Digital Processing expertise. These innovations are used in a wide range of automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer and computing applications. A global semiconductor company with operations in more than 30 countries, NXP posted revenue of $4.4 billion in 2010. For more information visit www.nxp.com.
Forward-looking Statements
This document includes forward-looking statements which include statements regarding our business strategy, financial condition, results of operations, and market data, as well as any other statements which are not historical facts. By their nature, forward- looking statements are subject to numerous factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those projected. These factors, risks and uncertainties include the following: market demand and semiconductor industry conditions, our ability to successfully introduce new technologies and products, the demand for the goods into which our products are incorporated, our ability to generate sufficient cash, raise sufficient capital or refinance our debt at or before maturity to meet both our debt service and research and development and capital investment requirements, our ability to accurately estimate demand and match our production capacity accordingly or obtain supplies from third-party producers, our access to production from third-party outsourcing partners, and any events that might affect their business or our relationship with them, our ability to secure adequate and timely supply of equipment and materials from suppliers, our ability to avoid operational problems and product defects and, if such issues were to arise, to rectify them quickly, our ability to form strategic partnerships and joint ventures and successfully cooperate with our alliance partners, our ability to win competitive bid selection processes to develop products for use in our customers' equipment and products, our ability to successfully establish a brand identity, our ability to successfully hire and retain key management and senior product architects; and, our ability to maintain good relationships with our suppliers. In addition, this document contains information concerning the semiconductor industry and our business segments generally, which is forward-looking in nature and is based on a variety of assumptions regarding the ways in which the semiconductor industry, our market segments and product areas will develop. We have based these assumptions on information currently available to us, if any one or more of these assumptions turn out to be incorrect, actual market results may differ from those predicted. While we do not know what impact any such differences may have on our business, if there are such differences, our future results of operations and financial condition, and the market price of the notes, could be materially adversely affected. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak to results only as of the date the statements were made; and, except for any ongoing obligation to disclose material information as required by the United States federal securities laws, we do not have any intention or obligation to publicly update or revise any forward-looking statements after we distribute this document, whether to reflect any future events or circumstances or otherwise. For a discussion of potential risks and uncertainties, please refer to the risk factors listed in our SEC filings. Copies of our filings are available from our Investor Relations department or from the SEC website, www.sec.gov.
CONTACT DETAILS
Rajashree Joshi, Text 100, +91 (80) 40897203, rajashree.joshi@text100.co,in
Sharmita Mandal, Text 100, +91 (80) 40897272, sharmita.mandal@text100.co.in
KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, EDUCATION, IT, MEDIA, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
No comments:
Post a Comment