Luxoft Holding, Inc (NYSE:LXFT), a global IT service provider, has partnered with LG Electronics Inc., a multinational electronics company, to help create the next generation webOS as part of a strategy to extend its capabilities and ecosystem into the automotive, robotics and smart home vertical markets.
LG Electronics has previously deployed webOS in over 60 million LG smart TVs and digital signage displays worldwide and this installed base is growing rapidly. As a strategic partner, Luxoft is bringing technical assets as well as experience in designing and deploying software platforms for a wide variety of products and services.
“Thanks to our collaboration with Luxoft, we are able to bring webOS into automotive and beyond,” said I.P. Park, Chief Technology Officer at LG Electronics. “Luxoft is providing a substantial technological contribution to webOS and has also greatly enhanced our ability to deploy it into new industries.”
Luxoft will lead the deployment of webOS into the new, targeted sectors, beginning with automotive. Initially focusing on digital cockpit development which includes infotainment, navigation, and other features that are human-car interaction-centric. Luxoft and LG Electronics also plan to introduce the new platform into the robotics and smart home sectors.
“We’re already leveraging LG Electronics’ thriving smart TV eco-system to customize and enhance webOS so it provides an innovation canvas for car manufacturers to develop next-generation autonomous vehicles,” said Mikael Söderberg, Senior Technical Director, Automotive at Luxoft. “Having access to webOS and its cloud services platform will enable car makers to design and develop better customer experiences for autonomous mobility services.”
With both technology and specific industry expertise, the Luxoft and LG partnership is helping provide more ways for businesses across multiple sectors to digitize.
“Underlying this partnership is a shared desire to make it easier for manufacturers to innovate with technology. This platform gives them the flexibility to make digital changes. This will help accelerate the mobility revolution, improve human-robotic interactions and make smart devices even smarter,” concluded Dmitry Loschinin, President and CEO of Luxoft.
Luxoft (NYSE: LXFT) is a global IT service provider of innovative technology solutions that delivers measurable business outcomes to multinational companies. Its offerings encompass strategic consulting, custom software development services, and digital solution engineering. Luxoft enables companies to compete by leveraging its multi-industry expertise in the financial services, automotive, communications, and healthcare & life sciences sectors. Its managed delivery model is underpinned by a highly-educated workforce, allowing the Company to continuously innovate upwards on the technology stack to meet evolving digital challenges. Luxoft has more than 12,700 staff across 42 cities in 21 countries within five continents, with its operating headquarters office in Zug, Switzerland. For more information, please visit www.luxoft.com.
This news release of Luxoft Holding, Inc (“Luxoft”) contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include information about possible or assumed future results of our business and financial condition, as well as the results of operations, liquidity, plans and objectives. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “expect,” “predict,” “potential,” or the negative of these terms or other similar expressions. These statements are subject to, without limitation, the risk factors discussed under the heading “Risk Factors” in Luxoft’s Annual Report on Form 20-F for the year ended March 31, 2017 and other documents filed with or furnished to the Securities and Exchange Commission by Luxoft. Except as required by law, Luxoft undertakes no obligation to publicly update any forward-looking statements for any reason after the date of this news release whether as a result of new information, future events or otherwise.
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