LTTS joins Qualcomm Smart Cities Accelerator Program; stock surges ~3%

LTTS joins Qualcomm Smart Cities Accelerator Program to provide comprehensive smart solutions to a global ecosystem.

Jan 23, 2020 04:01 IST India Infoline News Service

LTTS
L&T Technology Services Limited (LTTS), a leading global pure play engineering services company, announced today that it has joined the Qualcomm Smart Cities Accelerator Program from Qualcomm Technologies, Inc. to collaborate on providing smart ecosystem solutions and services to help global enterprises accelerate the digital transformation to smart urban infrastructure.

The stock is trading higher by ~3% on this news.

LTTS has strong expertise in Smart Ecosystems - smart cities, smart warehousing and smart manufacturing solutions. Together with Qualcomm Technologies’ global technology leadership in edge compute capability, cutting-edge processors and wide-area and local-area communications technologies, LTTS can offer a portfolio of digital offerings to address energy conservation, operational efficiency and digital transformation to cities, making them smarter and more sustainable. The Qualcomm Smart Cities Accelerator Program is a community matchmaking program that brings together smart solutions providers like LTTS with municipalities or systems integrators looking to solve problems. This can help drive additional value and integrate solutions with secure interoperability, edge processing and an ecosystem to deploy at scale.

Some of the Smart solutions deployed by LTTS include the world’s smartest office campus powered by i-BEMS, ( LTTS’ smart campus experience framework), the world’s first commercial network for grids and cutting-edge electric and hybrid solutions for a sustainable transport network.

Stock view:
L&T Technology Services Ltd is currently trading at Rs1,671.70 up by Rs41.45 or 2.54% from its previous closing of Rs1,630.25 on the BSE.

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