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Indian IT multinational Tech Mahindra and Ryerson University sign memorandum of understanding on microgrid solutions research

Wednesday, August 19th 2015 11:58:40am

Media Release

Toronto, ON, August 19, 2015: Microgrids, disruptive technology and cutting edge research were the topics of conversation as a Memorandum of Understanding (MOU) was signed between Ryerson University and India-based Tech Mahindra Ltd. (TechM), a specialist in digital transformation, consulting and business re-engineering.

The agreement was made official at the university’s Centre for Urban Energy (CUE), by Wendy Cukier, Vice-President of Research and Innovation at Ryerson University, Prateek Saxena, Director at Tech Mahindra, and the Minister of Citizenship, Immigration and International Trade, Michael Chan.

Prior to signing the MOU, TechM Director Prateek Saxena observed, “This agreement between Ryerson University and Tech Mahindra further secures the leadership positions of our two organizations in the next evolutionary stage of microgrid research. Canada is an important part of Tech Mahindra’s success and future.

Memorandum of Understanding was signed between Ryerson University and India-based Tech Mahindra Ltd.

From left to right: Prateek Saxena, Director of Tech Mahindra; Dr. Wendy Cukier, VP of Research and Innovation at Ryerson University; and Michael Chan, Minister of Citizenship, Immigration and International Trade

“This MOU signing demonstrates Tech Mahindra is committed to collaborating with the Ryerson’s researchers. We bring our hard won experience in creating value through integration of the traditional electricity grid electricity infrastructure with IT and communication networks to the table. We are honoured to be working with a team as well respected as the faculty at CUE.”

Wendy Cukier stated, “On behalf of Ryerson University and the Centre for Urban Energy, we are delighted to be formalizing an agreement to work with global powerhouse Tech Mahindra on this groundbreaking smart grid and microgrid research. We are especially pleased to have Minister Chan here today. He has a unique understanding about the value of collaboration in an interconnected world.”

About Tech Mahindra Ltd:
Tech Mahindra represents the connected world, offering Consulting, Digital Transformation, Integrated Engineering, Business Services and Solutions, enabling Enterprises, Associates and the Society to Rise™. We are a USD 3.8 billion company with 103,600+ professionals across 90 countries, helping 750+ global customers including several Fortune 500 companies. Our innovative services, platforms, products, solutions and reusable assets connect across a number of technologies to deliver tangible business value to our stakeholders. Tech Mahindra is winner of Forbes 2014 Asia Fab 50, Deloitte Tech Fast 50, the CIO 100 among other awards.

We are part of the USD 16.9 billion Mahindra Group that employs more than 200,000 people across 100 countries. The Mahindra Group operates in key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology, financial services and vacation ownership.

Connect with us on www.techmahindra.com

Press Contact: Richa Shah| Media Relations| Richa.shah@Techmahindra.com

Certain statements in this release concerning the future prospects of Tech Mahindra Limited (“the Company” or “TechM”) are forward looking statements. These statements by their nature involve risks and uncertainties that could cause Company’s actual results differ materially from such forward looking statements. The Company, from time to time, makes written and oral forward-looking statements based on information available with the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.

For more information, high-quality digital images or to schedule interviews, please contact:
Michael Zupanic, ECO Strategy, 416-972-7404 or mzupanic@ecostrategy.ca

Please see backgrounder for more technical details.