EPAM's Software-First View Enables Transformative Business Models for Hardware-Centric Auto Industry
NEWTOWN, Pa., Dec. 05, 2017 (GLOBE NEWSWIRE) -- EPAM Systems, Inc. (NYSE:EPAM), a leading global provider of digital platform engineering and software development services, today announced its collaboration with Renesas Electronics, a premier supplier of advanced semiconductor solutions, to develop a cloud computing reference solution optimized for connected cockpit systems, for storage and distribution of facial models used for driver recognition.
EPAM's cloud-based solution optimized for automotive will be part of the Renesas Connected Cockpit Vehicle at CES in January in Las Vegas, NV.
Automotive cloud technology is transforming vehicles from self-contained, transportation-focused machines to sophisticated, internet-connected platforms that integrate with entirely new business models. Driven by the increasing capabilities offered by cloud computing, artificial intelligence, big data and machine learning, automotive cloud technology has the potential to fundamentally change the way consumers interact with automotive OEMs, dealers and mobile-solution providers. EPAM's software-first view of the auto industry led to the development of a smart, auto-specific, cloud-based solution for the Renesas Connected Cockpit Vehicle.
"We see the future of connected vehicles as exclusively 'Software-First,'" said Alex Agizim, CTO Automotive & Embedded Systems at EPAM. "Renesas is leading the push to transform the in-car experience, and our collaboration has enabled a new cloud solution that not only creates a more integrated and personalized car experience, but also effectively integrates the car as a component of the cloud, positioning the vehicle as part of an extended range of enterprise business models."
The full potential of automotive cloud technology requires all systems and subsystems - both within a vehicle and between manufacturers - to work together from a connected software perspective.
"Renesas focuses on developing innovative, high-performance automotive technology solutions for connected vehicles," said Craig Johnson, Director, Automotive Advanced Systems Innovation Department at Renesas. "Through our partnership with EPAM, we are creating an automotive smart cloud demonstration that interacts seamlessly with our connected cockpit vehicles and has the ability to make decisions based on driver preferences."
For more information about the automotive services that EPAM provides, visit www.epam.com/automotive (http://www.epam.com/automotive). To learn more about Renesas, visit https://www.renesas.com (https://www.renesas.com/).
About EPAM Systems
Since 1993, EPAM Systems, Inc. (NYSE:EPAM) has leveraged its core engineering expertise to become a leading global product development and digital platform engineering services company. Through its 'Engineering DNA' and innovative strategy, consulting, and design capabilities, EPAM works in collaboration with its customers to deliver innovative solutions that turn complex business challenges into real business opportunities. EPAM's global teams serve customers in over 25 countries across North America, Europe, Asia and Australia. EPAM is a recognized market leader among independent research agencies and was ranked #12 in FORBES 25 Fastest Growing Public Tech Companies (https://www.forbes.com/sites/alexkonrad/2017/05/23/fastest-growing-public-tech-companies-in-2017/#69184c5b1ea7), as a top information technology services company on FORTUNE'S 100 Fastest-Growing Companies (http://fortune.com/100-fastest-growing-companies/), and as a top UK Digital Design & Build Agency (http://digitalagencies.econsultancy.com/). Learn more at http://www.epam.com/ (http://www.epam.com/) and follow us on Twitter @EPAMSYSTEMS (https://twitter.com/EPAMSYSTEMS) and LinkedIn (https://www.linkedin.com/company/epam-systems).
Forward-Looking Statements
This press release includes statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions and the factors discussed in our most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. EPAM undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law.
CONTACT: Danielle Ruess-Saltz
M: 267.978.7688
danielle_ruess-saltz@epam.com (mailto:danielle_ruess-saltz@epam.com)
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: EPAM Systems, Inc via Globenewswire
