HITACHI LTD ADR - HTHIY STOCK NEWS

Hitachi Vantara has expanded its Virtual Storage Platform One with new solutions including an all-QLC flash storage array and object storage appliance. The platform features public cloud replication and enhanced cloud integration to address data management challenges. The all-QLC flash technology offers higher density, lower power consumption, and reduced cost per gigabyte compared to traditional storage solutions. The object storage appliance is designed to handle large volumes of unstructured data for AI workloads, featuring multi-node configurations for data availability. The platform ranks among the top three best storage solutions for energy efficiency according to ENERGY STAR®.

Hitachi Digital Services has announced a two-year digital strategic partnership with Mitchells & Butlers, a leading UK hospitality company operating over 1,700 pubs, bars and restaurants. The partnership, which includes digital experience innovator Valtech, aims to manage all digital commerce and guest engagement across Mitchells & Butlers' 17 High Street Brands. The collaboration will focus on enhancing customer interactions across mobile, web, order and pay at table, home delivery, and personalized guest engagement, creating new revenue streams and enabling quick launch of digital features to meet industry trends.

Hitachi Digital Services has launched R2O2.ai, a generative AI framework designed to build, scale, and operate trustworthy AI. The framework, which stands for Reliable, Responsible, Observable and Optimal AI, aims to bridge the gap between conceptualizing AI workloads and deploying them at scale.

R2O2.ai expands Hitachi's proprietary HARC (Hitachi Application Reliability Centers) offering, leveraging over 20 years of AI implementation experience and a library of 25+ custom models. It enables efficient data adaptation, maximizes model reusability, and allows for the development of targeted solutions.

The framework addresses critical business challenges, offering a comprehensive solution for enterprises to implement AI models that enhance operational efficiency, reduce downtime, and ensure ethical compliance. R2O2.ai promises to transition projects from proof of concept to live production in weeks rather than months.

Hitachi has completed the acquisition of MA micro automation GmbH, a leading provider of robotic and automation technology based in Germany. MA micro automation will operate under JR Automation Technologies, to expand its reach in the global advanced automation market, particularly in Europe, North America, and Southeast Asia. The acquisition, finalized on September 30, 2024, aims to grow JR Automation's presence in the medical segment and diversify offerings in medical and high-precision automation.

The deal is expected to expand sales opportunities for JR Automation in Europe and MA micro automation in the U.S., as well as strengthen their presence in the Asia Pacific market, particularly in Singapore. Hitachi aims to become a global leader in the robotic SI business, leveraging its strengths in IT, OT, and products through the Lumada customer co-creation framework to increase productivity and maximize customer value.

Hitachi Vantara, a subsidiary of Hitachi, (TSE: 6501), reported significant growth in its data storage business for Q1 FY2024. The company saw a 27% increase in quarter-over-quarter product revenue growth, surpassing the market CAGR of 11.31%. The U.S. market experienced a 54% Q/Q increase. According to IDC, Hitachi Vantara achieved a 9.2% growth in revenue in the external enterprise storage system market in 2023.

The success is attributed to the launch of Hitachi Virtual Storage Platform One, which has secured over 65 unique customer deals since its April launch. The platform offers simplified infrastructure for mission-critical applications, focusing on data availability, resiliency, and reliability. It also features Dynamic Carbon Reduction technology, potentially reducing CO2 footprint by 30-40%.

Hitachi Vantara's partner network reported 106% growth in annual operating profit and 38% year-over-year revenue growth. The company's storage solutions were top-rated by ENERGY STAR® for performance and energy efficiency.

Hitachi Vantara, a subsidiary of Hitachi, (TSE: 6501), has announced that its Virtual Storage Platform One Block storage appliance has secured the top three rankings for best storage solutions in the ENERGY STAR NVSS Disk Online 4 category. The platform received ENERGY STAR® certification and was recognized for its exceptional energy efficiency and performance.

Key highlights:

• Virtual Storage Platform One Block 28 model ranked highest with 538 IOPS per watt
• The platform features Dynamic Carbon Reduction technology, reducing energy consumption by up to 30-40%
• All Hitachi Vantara storage arrays have obtained CFP certification
• The company recently received a Gold Medal rating for Sustainability from EcoVadis

Hitachi Vantara and Broadcom have announced a new private and hybrid cloud solution that combines Hitachi's Unified Compute Platform (UCP) RS with VMware Cloud Foundation. This co-engineered solution aims to help organizations manage data proliferation and AI requirements while reducing costs and environmental impact. Key benefits include:

1. Faster time to value with enhanced performance and streamlined infrastructure
2. Flexible deployment supporting VMs, containers, and AI workloads
3. Simplified management with turnkey infrastructure and advanced automation
4. Sustainability features reducing CO2 emissions by up to 96% and data center footprint by up to 35%

The solution offers integrated software, infrastructure, and hardware lifecycle automation, unified management, and guaranteed 100% data availability with Hitachi's Virtual Storage Platform One.

Hitachi Vantara, a subsidiary of Hitachi, (TSE: 6501), has announced the general availability of Hitachi iQ, an AI-ready infrastructure portfolio, and a new AI Discovery Service. The Hitachi iQ offering includes NVIDIA DGX BasePOD certification, meeting high standards for reliability and performance. This launch comes as organizations prioritize GenAI implementation, with 97% viewing it as a top-five priority according to a recent survey.

The AI Discovery Service aims to help customers identify valuable AI use cases, assess data readiness, determine ROI, and create strategic roadmaps for AI implementation. Hitachi Vantara combines industry expertise with its solutions portfolio to provide customized, industry-specific tools. The company leverages its IT/OT domain expertise in industries such as rail, energy, and manufacturing to integrate IT infrastructure and business applications effectively.

Hitachi Vantara, a subsidiary of Hitachi, (TSE: 6501), has appointed Joe Novak as the new Senior Vice President of Global Customer Success and Support. Novak, a 40-year storage and technology veteran, will focus on driving customer satisfaction, loyalty, and retention globally. He will work closely with cross-functional teams to align strategies with customer needs and business objectives.

Reporting directly to CEO Sheila Rohra, Novak brings extensive experience in leading customer success and support teams, with a proven track record in accelerating business growth, modernizing customer experience, and leading enterprise transformation. His appointment aligns with Hitachi Vantara's goal of becoming a leader in the hybrid cloud market, particularly in the era of GenAI.