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DGAP-News: Rio Tinto and iGATE Patni Join Hands to Enable 'Mine of the Future(TM)'
ID: 604197
(firmenpresse) - iGATE Corporation
27.03.2012 10:30
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State-of-the-Art iGATE Patni-Managed Rio Tinto Innovation Center Inaugurated in
Pune
FREMONT, Calif., MELBOURNE, Australia, LONDON and PUNE, India, 2012-03-27 10:30
CEST (GLOBE NEWSWIRE) --
Rio Tinto, one of the world's leading mining companies, and iGATE Corporation
(Nasdaq:IGTE), the first integrated Technology and Operations (iTOPS) company,
providing Business Outcomes based solutions under the brand iGATE Patni, today
announced an innovation partnership that will exclusively focus on creating
next generation technologies and contribute to global growth and development of
Rio Tinto's 'Mine of the Future(tm)' program.
Highlights of the Partnership
-- First-of-its-kind innovation partnership in the mining industry where Rio
Tinto will leverage iGATE Patni's technical capabilities to accelerate
technologies globally in the mining industry
-- Rio Tinto expects to spend approximately $60 million - $80 million over the
next five years proportional to the outcomes delivered out of this
partnership
-- iGATE Patni will provide engineering research and development services,
including industrial automation and control, software and embedded design
and development to Rio Tinto to facilitate the Mine of the Future(tm) program
-- The engagement with iGATE Patni will enable Rio Tinto to deliver greater
operational efficiency, improved health, safety and environmental
performance in the mining industry
-- The partnership envisions demonstrating improvements to mining processes
that include unprecedented levels in automation, and remote operations that
will revolutionize the way mining has been conducted so far
Rio Tinto Innovation Center
-- Rio Tinto inaugurated a strategic state-of-the-art Innovation Center in
iGATE Patni's facility in Pune, India
-- Managed by iGATE Patni, the Rio Tinto Innovation Centre (RTIC) will play a
crucial role in facilitating and leveraging next generation automated
technologies for mining operations
-- The innovation center will have about 300 skilled engineers focusing on
disciplines such as image processing, advanced data mining and analytics,
automation and control systems, human factors design and logistics
-- RTIC will build on the work of Rio Tinto's established Centers of
Excellence in Australia, Canada and the United Kingdom to deliver the
technologies they have developed to Rio Tinto operations across the globe
Rio Tinto head of Innovation John McGagh, Rio Tinto India managing director Nik
Senapati, iGATE Patni Chief Executive Officer Phaneesh Murthy and iGATE Patni
Executive Vice President and Head of Product Engineering Services Satish Joshi
presided over an inauguration ceremony in Pune today to officially open the
RTIC.
Phaneesh Murthy said 'We are truly delighted that Rio Tinto has chosen iGATE
Patni as its exclusive partner for this landmark innovation engagement. I am
particularly pleased that our capabilities in product engineering services have
gained increased acceptance among global companies to bring about innovation in
their business and this partnership is an important step in our journey to
deliver high-impact business outcomes.'
'With Rio Tinto and iGATE Patni having invested close to $3 millionin the
infrastructure for the RTIC, we are geared to partnering with Rio Tinto in
achieving its vision of providing unprecedented automation in mining,' he
added.
Mr. McGagh said 'Launching this centre with iGATE Patni marks an important step
in the rollout of our Mine of the Future(TM) program and will help create
business value in the mining industry. This is 'technical capability
in-sourcing' through partnership and will enable us to move our innovations
from concept stage to reality more efficiently through the work of a dedicated
team of specialised engineers. iGATE Patni's credentials and business
capability fits our need for a strong outcomes-driven innovation partner.
'RTIC will allow us to take a specific technology developed at our Centres of
Excellence, such as the mine automation system currently in use at our Pilbara
iron ore operations in Western Australia, and adapt it for broader application
across our network of mines,' he added.
Satish Joshi said 'We are very excited about the opportunity to partner with
Rio Tinto on the development of the next generation mining technology.
Technology being the key to realise Rio Tinto's vision of enabling safe,
productive and environment-friendly mining, we are eager to cross-leverage our
experience in engineering and technology deployment across diverse fields such
as industrial automation, logistics, imaging and human factors designs.'
Dr. Senapati said 'Rio Tinto's relationship with India extends back more than
half a century and will be increasingly important to our business. Our enduring
relationship with India will be strengthened through our collaboration with
iGATE Patni. This partnership is further demonstration of our long-term
commitment to India and represents a great opportunity to provide world-class
intellectual and technological capacity for the mining sector in India.'
About Mine of the Future(TM)
Launched in 2008, Rio Tinto's Mine of the Future(TM) program introduces
next-generation technologies for mining operations that aim to reduce costs,
increase efficiency and improve health, safety and environmental performance.
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the UK,
combining Rio Tinto plc, a London and NYSE listed company, and Rio Tinto
Limited, which is listed on the Australian Securities Exchange. Rio Tinto's
business is finding, mining, and processing mineral resources. Major products
are aluminum, copper, diamonds, energy (coal and uranium), gold, industrial
minerals (borax, titanium dioxide, salt, talc) and iron ore. Activities span
the world but are strongly represented in Australia and North America with
significant businesses in South America, Asia, Europe and southern Africa.
About iGATE Patni
'iGATE Patni' is the common brand identity of two organizations -- iGATE
Corporation and Patni Computer Systems Limited (Patni). With iGATE having
acquired a majority stake in Patni, the two companies, under the common brand
iGATE Patni, jointly provide full-spectrum consulting, technology and business
process outsourcing, and product engineering services on a Business
Outcomes-based model. Armed with over three decades of IT Services experience
and powered by the iTOPS (Integrated Technology and Operations) platform, iGATE
Patni's multi-location global organization with a talent pool of 27,000+
people, consistently delivers effective solutions to over 360 Fortune 1000
clients spanning across verticals like: banking&financial services; insurance&healthcare; life sciences; manufacturing, retail, distribution&logistics;
media, entertainment leisure&travel; communication, energy&utilities;
public sector; and independent software vendors. Visit:
http://www.igatepatni.com.
iGATE Corporation is listed on NASDAQ (IGTE), and Patni Computer Systems
Limited on the Bombay Stock Exchange (532517), the National Stock Exchange of
India (PATNI) and NYSE (PTI).
Important ContactsiGATE Patni
Media Relations Investor Relations
Prabhanjan Deshpande 'PD' Araceli Roiz
Corporate Communication and +1 (510) 896 3007
Media Relations
+91 80 4104 5006 Araceli.roiz(at)igatepatni.com
PD(at)igatepatni.com
Follow (at)iGATEPatni on Twitter
Rio Tinto
Media Relations, Australia / Investor Relations, Australia
Asia
David Luff Dave Skinner
Office: +61 (0) 3 9283 3620 Office: +61 (0) 3 9283 3628
Mobile: +61 (0) 0419 850 205 Mobile: +61 (0) 408 335 309
Karen Halbert Christopher Maitland
Office: +61 (0) 3 9283 3627 Office: +61 (0) 3 9283 3063
Mobile: +61 (0) 412 119 389 Mobile: +61 (0) 459 800 131
Bruce Tobin
Office: +61 (0) 3 9283 3612
Mobile: +61 (0) 419 103 454
Media Relations, EMEA / Americas Investor Relations, London
Illtud Harri Mark Shannon
Office: +44 (0) 20 7781 1152 Office: +44 (0) 20 7781 1178
Mobile: +44 (0)7920 503 600 Mobile: +44 (0) 7917 576597
Tony Shaffer David Ovington
Office: +44 (0) 20 7781 1138 Office: +44 (0) 20 7781 2051
Mobile: +44 (0) 7920 041 003 Mobile: +44 (0) 7920 010 978
Christina Mills
Office: +44 (0) 20 7781 1154
Mobile: +44 (0) 7825 275 605
Media Relations, Canada Investor Relations, North America
Bryan Tucker Jason Combes
Office: +1 (0) 514 848 8151 Office: +1 (0) 801 204 2919
Mobile: +1 (0) 514 8258319 Mobile: +1 (0) 801 558 2645
Website: www.riotinto.com
Email: media.enquiries(at)riotinto.comenquiries.mediaaus
tralia(at)riotinto.comTwitter: Follow (at)riotinto on Twitter
High resolution photographs and media pack available at: www.riotinto.com/media
News Source: NASDAQ OMX
27.03.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: iGATE Corporation
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US9901036403
WKN:
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Datum: 27.03.2012 - 10:30 Uhr
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News-ID 604197
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