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WKN: A1W1QF ISIN: VGG572791041 Ticker-Symbol: MZE 
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19.09.2018 | 10:08
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ACCESSWIRE·Mehr Nachrichten von ACCESSWIRE

  • Platform Already Successfully Tested on Hybrid London Busses
  • VPVision leverages AWS IoT architecture to help reduce vehicle emissions

LONDON, UK / ACCESSWIRE / September 19, 2018 / Luxoft Holding, Inc (NYSE: LXFT), a global IT service provider, and Vantage Power, who design and manufacture technologies that connect and electrify powertrains in heavy-duty vehicles, today launch VPVision, a next-generation fleet performance and diagnostics platform.

The VPVision platform combines in-depth technical knowledge of hybrid and electric powertrain components, including lithium-ion batteries, with cloud based telemetry software. By leveraging Amazon Web Services (AWS) such as Amazon S3, Amazon Athena and Amazon Sagemaker, Luxoft built the software set that includes remote fault diagnostics, performance optimization, prognostics, geo-fencing and over-the-air software updates.

"Together with Vantage Power and using AWS, we have created a system that can provide incredible insights and value using the data from connected vehicles," said Sam Mantle, Managing Director of Digital Enterprise at Luxoft. "Within seconds, complex data is transformed in to actionable information and shown on the platform. For instance, the sensors know when a hybrid-electric vehicle is entering a low emissions zone and ensures its electric battery is fully charged ahead of time."

"Battery powered heavy-duty vehicles are increasingly common but successfully deploying and maintaining them at scale remains a challenge," said Alex Schey, CEO of Vantage Power. "Using real-world data from the in-service batteries, we've developed a model that detects a failure mode in the cloud - months earlier than we can today. We're excited about how this platform can be applied to battery technology in all sectors, to bring about a more robust and agile way of managing electric heavy-duty vehicles."

A successful pilot of the platform has been completed on the streets of London in a select number of hybrid buses with some of London's largest bus operators, and VPVision is now ready to be implemented in the growing number of hybrid and electric heavy-duty vehicles.

The platform helps OEMs reduce their aftermarket service and support costs for powertrain components and ancillary vehicle systems. Reporting and legislation compliance required to operate in cities around the world can be automated, and the risk of deploying new electrified technologies into service can be managed much more closely.

Built around a foundational Internet of Things (IoT) architecture, the solution leverages AWS' IoT components that include AWS IoT Core, AWS Greengrass ML Inference, and the recently released AWS IoT Analytics service. These services are combined with Amazon Simple Storage Service (Amazon S3) and AWS Lambda to optimize processing of hundreds of thousands of data points per minute to derive insights and predictive analytics models that can then be distributed to the vehicles to take preventative action in real-time.

For more information about the platform, read the case study here.

About Luxoft

Luxoft (NYSE:LXFT) is a global IT service provider of innovative technology solutions that delivers measurable business outcomes to multinational companies. Its offerings encompass strategic consulting, custom software development services, and digital solution engineering. Luxoft enables companies to compete by leveraging its multi-industry expertise in the financial services, automotive, communications, and healthcare & life sciences sectors. Its managed delivery model is underpinned by a highly-educated workforce, allowing the Company to continuously innovate upwards on the technology stack to meet evolving digital challenges.

Luxoft has more than 12,700 staff across 42 cities in 21 countries within five continents, with its operating headquarters office in Zug, Switzerland. For more information, please visit www.luxoft.com.

About Vantage Power

Vantage Power designs and manufacturers technologies that can connect and electrify powertrains in heavy-duty vehicles. Their technology appeals to fleet operators as a retrofit solution on existing vehicles, or to vehicle manufacturers as an OEM solution.

Vantage Power is a highly innovative company based in London and to date has designed, manufactured and fielded various hybrid powertrain solutions for double deck buses, which includes the production of their own lithium-ion battery packs.

For more, please visit the Vantage Power website.

Luxoft's Forward-Looking Statements

This news release of Luxoft Holding, Inc ("Luxoft") contains "forward-looking statements"within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include information about possible or assumed future results of our business and financial condition, as well as the results of operations, liquidity, plans and objectives. In some cases, you can identify forward-looking statements by terminology such as "believe," "may," "estimate," "continue" "anticipate," "intend," "should," "plan," "expect," "predict," "potential," or the negative of these terms or other similar expressions. These statements are subject to, without limitation, the risk factors discussed under the heading "Risk Factors" in Luxoft's Annual Report on Form 20-F for the year ended March 31, 2017 and other documents filed with or furnished to the Securities and Exchange Commission by Luxoft. Except as required by law, Luxoft undertakes no obligation to publicly update any forward-looking statements for any reason after the date of this news release whether as a result of new information, future events or otherwise.

All trademarks are recognized and are the property of their respective companies.

Media Inquiries

Robert Maccabe
Director, Public Relations
t: +44 (0)20 3828 2346; m:+44 7950 517 836
Press@luxoft.com
Twitter: @Luxoft

SOURCE: Luxoft Holding, Inc



View source version on accesswire.com:
https://www.accesswire.com/512139/Luxoft-and-Vantage-Power-Launch-VPVision-Platform-to-Improve-the-Performance-and-Reliability-of-Hybrid-Electric-Heavy-Duty-Vehicles


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