Bangalore/New Delhi, India, July 30, 2024: L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a global digital engineering and R&D services company, and PS Technology (PST), a wholly owned subsidiary of Union Pacific Railroad, a pioneer in railway crew training and management, today announced a strategic partnership for mobility aimed at bringing cutting-edge simulation technology to the rail market in India and adjoining regions. The two companies signed a Memorandum of Understanding (MoU) to focus on designing, developing and supplying advanced AI-based simulation technology that is poised to significantly improve operational efficiency and safety of rail infrastructure in India and overseas.
Inauguration of Mobility Customer Experience and R&D Centre (CXC): LR: Abhinav Bhan, Senior Managing Director & Global Head, PST and Alind Saxena, Executive Director & President, Mobility & Technology, LTTS
As part of the agreement framework, LTTS and PST have set up their first Customer Experience and R&D Centre (CXC) at Faridabad, near New Delhi. The CXC will leverage new technologies in simulator design and supply, setting new benchmarks in the Indian railway sector. The centre aims to provide unmatched support and innovation, and drive advancements in simulation and training capabilities for Indian Railways.
PST and LTTS collaboration will improve safety and provide real-time insights into modern transportation. The new center will simulate real-time data collection, proactive decision-making and improved resource management, setting a standard of excellence in railway simulation, immersive learning, training and crew management. The center aims to leverage AI and augmented reality technologies to make rail transportation safer, more secure and faster.
“We are excited to partner with L&T Technology Services to introduce our advanced simulator technology in India and neighbouring railway markets. This collaboration is in line with our commitment to revolutionise rail infrastructure through innovation and localised solutions,” said Abhinav Bhan, Senior Managing Director and Global Head, PST.
“L&T Technology Services’ rich experience in railway engineering combined with PS Technology’s innovative simulator technology will create a game-changing proposition for the global railway market. Our partnership will deliver innovative mobility solutions that will enhance operational efficiency and safety across the rail network,” said Alind Saxena, Executive Director and President, Mobility & Technology, LTTS. “We are pleased to set up our Customer Excellence Centre in Faridabad, which will be a hub of innovation and excellence in railway simulation technology.”
Through this partnership, LTTS will leverage its vast expertise in railway engineering to help localize and Indianize PST’s technology to meet the specific needs of Indian Railways. By integrating PST’s simulation technology, the partnership aims to set new benchmarks in operational excellence and safety in the Indian railway sector.
About PS Technology
PS Technology is committed to delivering significant and measurable benefits to our clients and partners. For over 30 years, PST has improved processes and systems for crew management, timekeeping and physics-based simulation solutions with a passion and integrity to create value for railroads. PST’s asset management systems power the largest railroads in North America. PST’s crew management and timekeeping solutions are used to manage the day-to-day operations of over 100,000 employees who operate, maintain and support over 120,000 miles of rail. PST’s physics-based simulation solutions provide an excellent learning environment.