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Satyam and CIPET Sign MoU for Strategic Alliance - Satyam and CIPET collaborate to develop new engineering plastic materials
Satyam and CIPET Sign MoU for Strategic Alliance

 

PRZOOM - /newswire/ - Hyderabad, Andhra Pradesh, India, 2008/04/02 - Satyam and CIPET collaborate to develop new engineering plastic materials. [NYSE: SAY]

   
 
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Satyam Computer Services Ltd. (NYSE:SAY), a leading global consulting and IT services provider, announced today that it has signed a MoU with Central Institute of Plastics Engineering & Technology (CIPET), Hyderabad, an autonomous Plastics Training & Application Research Institute, under the Ministry of Chemicals and Fertilizers, Government of India, for developing new engineering plastic materials through an Industry-Institute collaborative approach. The collaboration is part of Satyam’s strategic initiative of developing a global innovative ecosystem of alliances to provide total engineering solutions to its global customers.

“CIPET – Satyam relations will strengthen the research base in innovative plastic material development which will benefit the industry and community. This is one of the initiatives taken up by CIPET Hyderabad in the field of applied research to work closely with the demands of the industry,” said Mr. Poomalai, Head & Deputy Director, CIPET, Hyderabad.

The proposed alliance is aimed at synergizing the product design and development expertise of Satyam Engineering Solutions and application research of CIPET, Hyderabad to develop innovative materials for new products being developed for customers worldwide. This relationship will establish CIPET & Satyam together as a provider of applied research services to meet the needs of the global customers thereby successfully establishing an Industry-Institute partnership.

“This partnership would help Satyam Engineering Solutions to be a leading product design service provider with an innovation ecosystem of alliance partners,” said Dr. T.S.K Murthy, Global Head – Integrated Engineering Solutions, Satyam.

Engineering plastic materials are used widely in various industries and they have evolved many innovative products and have become an integral part of our lives. In a typical industry, constantly shrinking product development lifecycles and the desire to bring new products to the market faster are the key factors contributing towards higher demand for new plastic products with better characteristics for application and manufacturability.

About Satyam
Satyam (NYSE: SAY), a leading global business and information technology services company, delivers consulting, systems integration, and outsourcing solutions to clients in 20* industries and 61* countries.

Satyam leverages deep industry and functional expertise, leading technology practices, and an advanced, global delivery model to help clients transform their highest-value business processes and improve their business performance. The company’s 49,199* professionals excel in engineering and product development, supply chain management, client relationship management, business process quality, business intelligence, enterprise integration, and infrastructure management, among other key capabilities.

Satyam development and delivery centers in the US, Canada, Brazil, the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and Australia serve 630* clients, including more than one third of the Fortune 500. For more information, visit satyam computer website.

*As of Dec. 31, 2007

 
 
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Satyam and CIPET Sign MoU for Strategic Alliance

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Contact: Sreekar Reddy - Ogilvy.com for Satyam 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Satyam Computer Services Ltd securities in any jurisdiction including any other companies listed or named in this release.

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