Connect with us

Technology

OMRON and Cognizant Partner to Revolutionize Manufacturing with Unique One-Stop IT-OT Integration

Published

on

Balancing economic and social value for the future of manufacturing through advanced technologies.Promoting sustainable manufacturing by enhancing workforce efficiency, boosting productivity, and minimizing greenhouse gas emissions.Empowering people through data-driven decision making with manufacturing intelligence, AI & automation and digitalization.

STUTTGART, Germany, April 8, 2025 /PRNewswire/ — OMRON Corporation (TSE:6645) and Cognizant (NASDAQ:CTSH) have signed a strategic partnership to integrate Information Technology (IT) and Operational Technology (OT) in the manufacturing industry. The collaboration includes Cognizant being chosen as the engineering partner for OMRON’s Industrial Automation Business (IAB) products.

OMRON, known for its advanced automation technology, and Cognizant, with expertise in IT-OT convergence, will offer a unique, one-stop solution for digital transformation. The partnership combines OMRON’s OT products, such as sensors, controllers, servo motors, safety equipment and robots, with Cognizant’s IT capabilities, including cloud, AI, IoT, and digital twin technologies.

Through this collaboration, the companies provide a distinctive capability to achieve flexible and agile operational excellence. This includes consultancy, on-site implementation, operation, and maintenance. Target sectors for the joint capability include Automotive, Semiconductor, Electronics, Industrial Manufacturing, Life Sciences and Consumer Goods industries.

Combining the capabilities of both companies, OMRON and Cognizant strive to establish a unique business model that addresses on-site and management issues through continuous IT-OT analysis and improvements. This IT-OT integration will leverage both companies’ strengths to help promote sustainable manufacturing, enhancing productivity, improving workforce efficiency and lowering greenhouse gas emissions.

OMRON’s broad product lineup (more than 200,000 SKUs) gathers high-quality field data for Cognizant’s Asset Performance Excellence (APEx) platform and its Industry 4.0/5.0 maturity assessment tool OnePlant™. This data, combined with management information, helps analyze IT-side issues and prioritize improvements from a management perspective. Results can be fed back via OMRON’s control application and the i-BELT data utilization service, working with customers to address on-site challenges linked to management issues in a comprehensive manner.

“OMRON is the only manufacturer of control equipment in the world that owns all the equipment used in the production line. Cognizant, on the other hand, is one of the world’s leading global IT services companies supporting the digital transformation of a wide range of industries with advanced digital technologies such as AI, IoT, and cloud,” said Junta Tsujinaga, CEO of OMRON Corporation. “Through this partnership, we will promote the integration of IT and OT to solve urgent issues faced by manufacturing sites, such as significantly improving productivity, reducing operational losses, and speeding up management decisions. The two companies will work together to promote sustainable cutting-edge manufacturing of the future.”

“Clients are looking for a Strategic Partner with deep industry and domain expertise, end to end capabilities and the ability to manage complex technologies at various layers of digital factory,” said Ravi Kumar S, CEO of Cognizant. “We are excited to partner with OMRON in taking integrated value propositions and capabilities to transform manufacturing for our clients globally. OMRON’s expertise in OT data and systems, combined with Cognizant’s digital manufacturing and IT/OT integration capabilities, will enable manufacturers to make quicker, more reliable decisions using real-time data. Together, we are committed to advancing manufacturing by leveraging emerging technologies and integrating IT and OT systems to realize a state of manufacturing in the future that is connected, intelligent, autonomous, sustainable, and resilient,” he added.

About OMRON Corporation 
OMRON Corporation, as a leading automation company with its unique “Sensing & Control + Think” technology at its core, is engaged in control equipment, healthcare, social systems, and electronic components. The company is also developing a data solution business that utilizes a wide variety of data acquired through these businesses. Founded in 1933, OMRON now employs approximately 28,000 people worldwide and provides products and services in more than 130 countries, contributing to the creation of a better society. For more information, https://www.omron.com/jp/ja/ please visit: OMRON Global

About Cognizant
Cognizant (Nasdaq-100: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we’re improving everyday life.
See how at www.cognizant.com or @cognizant.

For media inquiries, please contact:

OMRON: Global Corporate Communications and Engagement – Ankur Bhat, ankur.bhat@omron.com ; +81-75-344-7175

Cognizant: GlobalPR@cognizant.com

View original content:https://www.prnewswire.com/apac/news-releases/omron-and-cognizant-partner-to-revolutionize-manufacturing-with-unique-one-stop-it-ot-integration-302423471.html

SOURCE Cognizant Technology Solutions

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Waystar Announces Pricing of Public Offering of Common Stock

Published

on

By

LEHI, Utah and LOUISVILLE, Ky., May 14, 2025 /PRNewswire/ — Waystar Holding Corp. (Nasdaq: WAY) (“Waystar”), a provider of leading healthcare payments software, today announced the pricing of its underwritten public offering of 12,500,000 shares of its common stock by certain investment funds of EQT AB and Bain Capital, LP, and Canada Pension Plan Investment Board (CPP Investments), and their respective affiliates (collectively, the “Selling Stockholders”) at a price to the public of $38.75 per share.  Additionally, the Selling Stockholders have granted the underwriters a 30-day option to purchase up to 1,875,000 additional shares of common stock. Waystar is not selling any shares and will not receive any proceeds from the sale of shares in the offering by the Selling Stockholders. The offering is expected to close on or about May 16, 2025, subject to customary closing conditions.

The offering is being made through an underwriting group led by J.P. Morgan, Goldman Sachs & Co. LLC, and Barclays, who are acting as joint lead book-running managers and as representatives of the underwriters for the offering. William Blair, Evercore ISI, BofA Securities, RBC Capital Markets, Jefferies and Deutsche Bank Securities are acting as joint bookrunners for the offering. Canaccord Genuity and Raymond James are acting as co-managers for the offering.

A registration statement on Form S-1, including a prospectus, relating to these securities has been filed with and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.

The offering may be made only by means of a prospectus. Copies of the preliminary prospectus may be obtained by contacting: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by email at prospectus-eq_fi@jpmchase.com; Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at (866) 471-2526, or by email at prospectus-ny@ny.email.gs.com; or Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (888) 603-5847, or by email at barclaysprospectus@broadridge.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. The words “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “future,” “will,” “seek,” “foreseeable,” the negative version of these words, or similar terms and phrases are intended to identify forward-looking statements. The forward-looking statements contained in this press release are based on management’s current expectations and are inherently subject to various risks, uncertainties, assumptions, or changes in circumstances that are difficult to predict or quantify. These risks and uncertainties include, but are not limited to, risks and uncertainties associated with the consummation of the offering and other risks described in Waystar’s registration statement on Form S-1, as it may be amended from time to time, and its Annual Report on Form 10-K for the year ended December 31, 2024 and any subsequent filings with the SEC. Except as required by law, Waystar has no obligation to update any of these forward-looking statements to conform these statements to actual results or revised expectations.

About Waystar

Waystar’s mission-critical software is purpose-built to simplify healthcare payments so providers can prioritize patient care and optimize their financial performance. Waystar serves approximately 30,000 clients, representing over 1 million distinct providers, including 16 of 20 institutions on the U.S. News Best Hospitals list. Waystar’s enterprise-grade platform annually processes over 6 billion healthcare payment transactions, including over $1.8 trillion in annual gross claims and spanning approximately 50% of U.S. patients. Waystar strives to transform healthcare payments so providers can focus on what matters most: their patients and communities.

Media Contact
Kristin Lee
kristin.lee@waystar.com

Investor Contact
Sandy Draper
investors@waystar.com 
502-238-9511

View original content to download multimedia:https://www.prnewswire.com/news-releases/waystar-announces-pricing-of-public-offering-of-common-stock-302455962.html

SOURCE Waystar

Continue Reading

Technology

PIF’s Joint Venture with Hyundai Motor Company, Hyundai Motor Manufacturing Middle East, celebrates groundbreaking milestone

Published

on

By

Paving the way for a new industrial futureThe new facility is a joint venture between PIF and Hyundai Motor CompanyThe plant will manufacture internal combustion engine and electric vehicles, with an annual production target of 50,000 vehicles to supply Saudi Arabia

KING ABDULLAH ECONOMIC CITY, Saudi Arabia, May 15, 2025 /PRNewswire/ — Hyundai Motor Manufacturing Middle East (HMMME), a joint venture between PIF and Hyundai Motor Company, today hosted its groundbreaking ceremony in the recently announced King Salman Automotive Cluster within King Abdullah Economic City (KAEC). The ceremony is a significant milestone that marks another step in the development of the automotive industry in the Kingdom of Saudi Arabia.

PIF owns a 70% stake in HMMME, with Hyundai holding the remaining 30%. The manufacturing plant, Hyundai’s first facility in the Middle East, will roll out its first vehicle by the fourth quarter of 2026 and targets an annual production of 50,000 vehicles. This will include both internal combustion engine (ICE) and electric vehicles (EV).

Yazeed A. Alhumied, Deputy Governor and Head of MENA Investments at PIF, said: “This groundbreaking is a significant milestone for PIF as it further strengthens the automotive industry in Saudi Arabia. PIF will continue to enable and accelerate the growth of Saudi Arabia’s automotive ecosystem through partnerships. This joint venture underscores PIF’s commitment to build local capabilities, attract cutting-edge technology, and create highly skilled jobs in Saudi Arabia’s automotive and mobility sector.”

Jaehoon Chang, Hyundai Motor Group Vice Chair said, “Today’s groundbreaking marks the beginning of a new chapter for both the Kingdom of Saudi Arabia and Hyundai Motor Company, as we lay the foundation for a new era of future mobility and technological innovation. Through our joint venture, we hope to contribute to the development of talent in the region with advanced skills and capabilities under Saudi Vision 2030.”

Wongyun Park, Vice President and CEO of Hyundai Motor Manufacturing Middle East said, “With HMMME, we are driving change forward and paving the way for a new industrial future in the region. The facility will become a platform for growth and industrial excellence in the heart of the Kingdom.”

HMMME is building a foundation for a new era of automotive manufacturing in Saudi Arabia. Harnessing the skills of the local workforce, the new manufacturing plant will create thousands of jobs and allow for knowledge transfer and skills development. The localization of Hyundai’s vehicles will accelerate the growth of Saudi Arabia’s automotive and mobility ecosystem and pave the way for a new industrial future.

This partnership is one in a series of PIF initiatives establishing Saudi Arabia as a global automotive player. Together, these initiatives are driving transformation in the sector, and boosting domestic manufacturing capabilities, infrastructure, and supply chains.

Photo – https://mma.prnewswire.com/media/2687900/Image_1___HMMME_Groundbreaking_Ceremony.jpg

Photo – https://mma.prnewswire.com/media/2687901/Image_2___HMMME_Facility_Site__Rendered_Image.jpg

PDF – https://mma.prnewswire.com/media/2687273/PIF_s_Joint_Venture_with_Hyundai_Motor_Company__Hyundai_Motor_Manufacturing_Middle_East__celebrates.pdf

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/pifs-joint-venture-with-hyundai-motor-company-hyundai-motor-manufacturing-middle-east-celebrates-groundbreaking-milestone-302455922.html

Continue Reading

Technology

BREAKING BARRIERS: HOW TIM WHITE IS REDEFINING INTERNATIONAL RACE ENGINEERING FROM NEW ZEALAND

Published

on

By

CROMWELL, New Zealand, May 14, 2025 /PRNewswire/ — In a sport where split-second decisions define success, Tim White is proving that world-class race engineering knows no borders. Operating from a small New Zealand town, White has established himself as a leading figure in Ferrari’s GT programs, leveraging cutting-edge remote engineering techniques to optimize performance in global endurance racing.

Founder of Elite Race Engineering, White serves as a Performance and Simulation Engineer, where he develops advanced modeling techniques and refines real-time data processing to enhance on-track performance. His use of innovative sensors, aerodynamic tuning, and sophisticated simulation tools has strengthened the team’s technical capabilities, making him a key player in Ferrari’s GT3 programs. Working remotely with Orlando-based Ferrari racing team Triarsi Competizione, White integrates advanced modeling, sensor technology, and data-driven insights to refine the Ferrari 296 GT3. Despite being based in New Zealand, his ability to analyze massive amounts of real-time race data and communicate findings instantly has made him an invaluable asset to teams in IMSA WeatherTech SportsCar Championship and GT World Challenge Asia.

“Motorsport has always been seen as a hands-on, in-person industry, but technology is changing that,” says White. “From New Zealand, I can help optimize race cars competing on the other side of the world in real-time. Distance isn’t a limitation— it’s just another problem to engineer a solution for.” White’s journey began with an automotive mechanics apprenticeship, where he built and maintained race cars for circuit, rally, and hill climb competitions. A pivotal piece of advice from a Kiwi Formula 1 veteran led him to pursue a mechanical engineering degree, despite having no academic record from school. After years of perseverance, he earned a First-Class Honours degree and secured direct entry into a PhD program before pivoting back to motorsport.

His expertise in vehicle dynamics, simulation, and tire modeling took him around the world—working in IMSA, WEC, BTCC, and V8 Supercars, as well as developing software for race strategy and data management. When the COVID-19 pandemic halted racing, White turned to education, writing and presenting online courses on data analysis and race engineering before launching his own consulting business.

With IMSA’s 2025 torque sensor regulations set to revolutionize its GTD-class racing, White’s expertise in powertrain performance and data analysis ensures that Ferrari remains ahead of the curve. His journey—from building homegrown race cars to shaping the future of GT engineering—proves that innovation isn’t about location, but vision.

View original content:https://www.prnewswire.com/news-releases/breaking-barriers-how-tim-white-is-redefining-international-race-engineering-from-new-zealand-302455965.html

SOURCE Elite Race Engineering

Continue Reading

Trending