Tech Mahindra zooms ~2% as it partners with IT major Anritsu to set up lab in California

3 Jun 2022 , 12:13 PM

Tech Mahindra Limited’s counter added nearly 2% in today’s early morning trade as the company announced a partnership with IT major company Anritsu to establish an Internet of Things (IoT) experience lab at Fremont, California.

The lab strives to create a cost-effective environment for 5G IoT device manufacturers to verify device performance.

Tech Mahindra’s stock was trading at Rs1,162.40, up by 1.43% against the previous close of Rs1,146 on the National Stock Exchange.

The lab will function as an incubator and a research & development centre. This will help IoT device manufacturers to validate their designs in the initial development stages, and to launch best-in-class IoT products.

Tech Mahindra will deploy use cases developed by it, and Anritsu will provide simple automated smart application software from Anritsu that automatically performs functional, performance, stress, and regression tests. Provides user-friendly reports and logs to gauge device performance.

“The advances in 5G will help in the evolution of innovative use cases in IoT,” commented Rohit Madhok, global head of digital engineering services, Tech Mahindra.