On June 12, 2024, HCLTech, a big tech company, and Olympus Corporation, a global MedTech company, decided to work together more closely. They want to use the latest technology to make healthcare better and cheaper for patients. HCLTech will use its engineering and research expertise and AI to help Olympus develop new products faster and on a larger scale.
HCLTech will create a special place called a product innovation centre in Hyderabad, India, just for Olympus. This centre will help Olympus in the US, Europe, the Middle East, and Africa. It’s expected to start working by July 2024 and help Olympus grow its business and improve medical technology. HCLTech and Olympus have worked on essential things like engineering and research for ten years. HCLTech helps Olympus from its centres in India and Vietnam.
Andre Roggan, Olympus’s Chief Technology Officer, said, “It is with great pleasure and excitement that we announce this agreement with HCLTech, with whom we share a decade-long partnership in core Engineering and R&D services. I am confident that our collaboration will enhance Olympus’ engineering capabilities and unlock innovations that enable quality healthcare through technology.”
HCL Technologies collaborates with over 100 of the top 250 global engineering R&D spenders. It secured the top position as an engineering services provider in Everest Group’s 2023 PEAK Matrix Provider of the Year™ Awards. It was recognised as a leader in IDC MarketScape’s Worldwide Software Engineering Services 2023 Vendor Assessment.
Olympus is a worldwide medical technology company dedicated to improving people’s lives by focusing on health, safety, and fulfilment. They collaborate with healthcare experts to offer top-notch solutions for early detection, diagnosis, and minimally invasive treatment.
HCL Technologies Ltd is a global technology company with over 2,27,000 employees in 60 countries. It specialises in digital, engineering, cloud, and AI services supported by various technology products.
On June 12, 2024, HCL Technologies Ltd’s share price opened at ₹1,472.00 and touched its highest price at ₹1,472.00 as of 11:57 AM on the NSE.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Published on: Jun 12, 2024, 4:20 PM IST
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