SOURCE: HCL Technologies Ltd.

HCL Technologies Ltd.

December 16, 2009 07:58 ET

Proud Dreamliner Team Member Company, HCL Technologies, Salutes The Boeing Company on Its First Flight of Dreamliner 787

SUNNYVALE, CA and NOIDA, INDIA--(Marketwire - December 16, 2009) - HCL Technologies Ltd. (HCL), a leading global IT services provider and SUPPLIER to The Boeing Company, today offers its congratulations and support to the Boeing 787 team as the aircraft makes its first flight.

"HCL salutes The Boeing Company and the thousands of its dedicated employees around the world who have made today's first flight a reality," said G H Rao, Global Head of Engineering and R&D Services, HCL Technologies. "It has been a great privilege to be working on the Boeing 787 Dreamliner for the past five years and we look forward to our continued work with Boeing and more than 10 of its Tier 1 systems suppliers."

The 787 integrates diverse leading-edge technologies to deliver an environmentally preferred solution with hitherto unmatched efficiency, for a medium capacity long-range aircraft. HCL Technologies, the only Indian Software company selected by Boeing to work on the 787 Dreamliner, is a key player in Boeing's 787 flight test program. HCL created the hosting platform for the flight test computing system to support the requirements of the 787 Boeing global team, including 10 Tier 1 and Sub Tier partners. With more than 4 million hours of engineering hours contributed to date, HCL has been involved with development and testing of the onboard software on the 787 aircraft.

In 2008 HCL Technologies received The Boeing Performance Excellence Award for 2008. The Boeing Company issues the award annually to recognize suppliers who have achieved superior performance. HCL Technologies maintained a Gold performance composite rating for each month of the 12-month performance period, from October 1, 2007 to September 30, 2008. Last year, Boeing recognized 411 suppliers who achieved either a Gold or Silver level Boeing Performance Excellence Award. HCL Technologies is one of only 86 suppliers to receive the Gold level of recognition.

About HCL Technologies

HCL Technologies is a leading global IT services company, working with clients in the areas that impact and redefine the core of their businesses. Since its inception into the global landscape after its IPO in 1999, HCL focuses on 'transformational outsourcing', underlined by innovation and value creation, and offers integrated portfolio of services including software-led IT solutions, remote infrastructure management, engineering and R&D services and BPO. HCL leverages its extensive global offshore infrastructure and network of offices in 26 countries to provide holistic, multi-service delivery in key industry verticals including Financial Services, Manufacturing, Consumer Services, Public Services and Healthcare. HCL takes pride in its philosophy of 'Employee First' which empowers our 54,443 transformers to create a real value for the customers. HCL Technologies, along with its subsidiaries, had consolidated revenues of US$ 2.3 billion (Rs. 11,270 crores), as on 30th September 2009 (on LTM basis). For more information, please visit www.hcltech.com

About HCL Enterprise

HCL is a $5 billion leading global Technology and IT Enterprise that comprises two companies listed in India - HCL Technologies & HCL Infosystems. Founded in 1976, HCL is one of India's original IT garage start-ups, a pioneer of modern computing, and a global transformational enterprise today. Its range of offerings spans Product Engineering, Custom & Package Applications, BPO, IT Infrastructure Services, IT Hardware, Systems Integration, and distribution of ICT products across a wide range of focused industry verticals. The HCL team comprises over 60,000 professionals of diverse nationalities, who operate from 26 countries including over 500 points of presence in India. HCL has global partnerships with several leading Fortune 1000 firms, including leading IT and Technology firms. For more information, please visit www.hcl.in

Forward-looking Statements

Certain statements in this release are forward-looking statements, which involve a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward-looking statements. All statements, other than statements of historical fact are statements that could be deemed forward looking statements, including but not limited to the statements containing the words 'planned', 'expects', 'believes', 'strategy', 'opportunity', 'anticipates', 'hopes' or other similar words. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding impact of pending regulatory proceedings, fluctuations in earnings, our ability to manage growth, intense competition in IT services, Business Process Outsourcing and consulting services including those factors which may affect our cost advantage, wage increases in India, customer acceptances of our services, products and fee structures, our ability to attract and retain highly skilled professionals, our ability to integrate acquired assets in a cost effective and timely manner, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, the success of our brand development efforts, liability for damages on our service contracts, the success of the companies / entities in which we have made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property, other risks, uncertainties and general economic conditions affecting our industry. There can be no assurance that the forward looking statements made herein will prove to be accurate, and issuance of such forward looking statements should not be regarded as a representation by the Company, or any other person, that the objective and plans of the Company will be achieved. All forward looking statements made herein are based on information presently available to 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.