HCL Technologies Receives Gold Boeing Performance Excellence Award

Thu Feb 12, 2009 6:19am EST

* Reuters is not responsible for the content in this press release.

  NOIDA, INDIA, Feb 12 (MARKET WIRE) -- 
HCL Technologies today announced it has 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. This 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.

    "In this rapidly changing global environment, peak performance and
delivery are critical factors for staying competitive. At HCL, we are very
passionate about providing our clients with best-in-class performance and
execution for their mission critical systems," says Rajeev Sawhney,
president, HCL Europe, global head aerospace, energy, & government.
"Receiving such a prestigious award is such an honor and reinforces the
value that our transformational work has achieved across many Boeing
platforms. We have enjoyed a long and productive partnership with Boeing
and are extremely proud of the complex and mission critical services we
have been able to deliver."

    Since 2004, HCL has partnered with Boeing on the 787 airplane program,
co-invested in joint Research & Development for ANRC, and is also Boeing's
Defense offset partner in India for the P8i and MMRCA programs in addition
to being a strategic tactical IT supplier. HCL is engaged with Boeing on
business critical engineering applications for test, evaluation and
certification of aircraft and IT solutions for supply chain management.
With Boeing's 787 program, HCL has been working on mission critical
onboard systems and ground support systems with various tier 1 partners.
With over 3.5 million hours of engineering effort, approximately 40% of
787onboard software will have HCL imprint.

    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 19
countries to provide holistic, multi-service delivery in key industry
verticals including Financial Services, Manufacturing, Aerospace &
Defense, Telecom, Retail & CPG, Life Sciences & Healthcare, Media &
Entertainment, Travel, Transportation & Logistics, Automotive, Government
and Energies & Utilities. HCL takes pride in its philosophy of 'Employee
First' which empowers our 52,957 transformers to create a real value for
the customers. HCL Technologies, along with its subsidiaries, had
revenues in the last twelve months of US$ 2.0 billion (Rs. 8974 crores),
as on 31st December 2008. 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. The 3-decade-old Enterprise, founded in 1976, is one of
India's original IT garage start-ups. Its range of offerings spans Product
Engineering, Custom & Package Applications, BPO, IT Infrastructure
Services, IT Hardware, Systems Integration, and distribution of ICT
products. The HCL team comprises over 58,000 professionals of diverse
nationalities, who operate from 20 countries including 360 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.

    For more information on the Boeing Performance Excellence Award, visit --
http://www.boeing.com/companyoffices/doingbiz/supplier_portal/bpea.html.

    

For further information

Kirsten Paragona
HCL Technologies
+1 857 350 5393
kparagona@hcl.in

Avena Suri
HCL Technologies
+91 9739951016
avena.suri@hcl.in

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