Award underscores KPIT Cummins' commitment to advancing green and sustainable technology for automobiles
November 21, 2011, Pune, India, Iselin, NJ:KPIT Cummins (NSE: KPIT, BSE: 532400) a product engineering and IT consulting partner to global manufacturing corporations, today announced that it has been awarded with the prestigious Wall Street Journal (WSJ) 2011 Technology Innovation Award. The WSJ technology innovation award, presented every year to companies making technological breakthroughs, has honored KPIT Cummins as the winner in the 'transport' category for its plug-in parallel hybrid solution REVOLO.
REVOLO is a plug-in parallel hybrid solution that converts gasoline-powered vehicles into a hybrid within four to six hours, thereby enhancing fuel efficiency by 35% and reducing Green House Gas (GHG) emissions by over 30%. The solution comprises an electric motor, electronic motor controller, a battery pack, software for controlling the motor and batteries, and a battery management system.
Commenting on winning the award, Ravi Pandit, Chairman and Group CEO, KPIT Cummins said "We're honored that Wall Street Journal has recognized KPIT Cummins' commitment to research and development in technologies that help make green transportation possible. In our efforts towards sustainable and inclusive growth we are developing technology solutions that offer larger long term benefits at a cost that makes it accessible to wider population."
Wall Street Journal received 605
entries from companies, individuals, and organizations across 31 countries, of which 6% were chosen as winners across 16 categories. In addition to the Wall Street Journal Technology Innovation Award, REVOLO has also received the Knowledge@Whartoninnovation award 2011, the Indian Semiconductor Association's Technovation Award
for 2011 and the 2011 NASSCOM Innovation Award
for Promising Innovation of the year. (NASSCOM is Indian software providers' association).