HITACHI LTD ADR - HTHIY STOCK NEWS

Hitachi Vantara and Golden Grove Nursery have partnered to implement AI-driven water management for sustainable citrus nursery tree production in Queensland, Australia. This initiative integrates weight scales, soil moisture sensors, and analytics to optimize irrigation practices, leading to a 30% improvement in water usage efficiency. The system allows real-time monitoring of water quality and crop needs, automating sampling every 15 minutes, a significant upgrade from the previous manual process. This project received support from the Australian Government's National Landcare Program, highlighting the commitment to sustainable agriculture.

Hitachi Vantara has appointed Sheila Rohra as the new Chief Business Strategy Officer, effective immediately. Reporting to CEO Gajen Kandiah, Rohra will be instrumental in shaping transformative strategies to meet evolving customer needs. Previously, she held leadership roles at Hewlett Packard Enterprise, where she managed a $2 billion organization, and at NetApp, overseeing a $3 billion P&L. Rohra's experience in data management and cloud infrastructure positions her to navigate challenges posed by hybrid and multicloud environments. This change aims to enhance Hitachi Vantara's data-driven solutions amid macroeconomic uncertainties.

GlobalLogic, a leader in digital engineering, announced the establishment of an automotive software facility in Poland to support Stellantis in developing software-defined vehicles (SDVs). This collaboration aims to enhance Stellantis' open automotive platform, integrating new technologies and regular over-the-air updates to improve the driving experience. According to a Goldman Sachs report, SDVs are pivotal for competitive advantage in the automotive sector.

On February 15, 2023, Hitachi Vantara announced that Gijima, a Black-owned South African ICT company, has adopted Hitachi Virtual Storage Platform (VSP) arrays to boost data infrastructure performance and sustainability. This move aims to cut energy costs and reduce energy consumption by 66%, addressing the significant energy demands of data centers, which contribute to 4% of global greenhouse emissions. The new system consolidates physical infrastructure, reducing racks from nine to three, thereby enhancing efficiency and reducing carbon footprint. Hitachi's eco-friendly designs consistently lower emissions by 30-40% with each generation, supporting organizations in their sustainability goals.

Hitachi Ltd. announced a positive rating in the 2023 Gartner Vendor Rating report for the second consecutive year, reflecting its strong performance in IT and digital offerings. The report evaluates the technology provider's business objectives and strategic direction, assisting customers in understanding Hitachi's operations. Hitachi employs over 350,000 staff globally and aims to enhance its digital transformation solutions through its subsidiary, Hitachi Vantara. The company reported consolidated revenues of ¥10,264.6 billion (~$84.1 billion) for the fiscal year ending March 31, 2022.

Hitachi Vantara has announced a global partnership with Model9 to enhance access to mainframe data in hybrid cloud environments. This collaboration aims to provide businesses with significant visibility and value from mainframe data, which is vital since 71% of Fortune 500 companies rely on mainframes. The partnership addresses challenges businesses face during mainframe modernization, including data security and access issues. By integrating Model9’s software with Hitachi’s Virtual Storage Platform (VSP) 5000 series, enterprises can efficiently transfer mainframe data to the cloud while minimizing risks and costs, enabling quicker cloud transformations.

GlobalLogic Inc., a Hitachi Group Company, has announced plans to open new engineering centers in Spain, marking its entry into Southwest Europe. The announcement was made by CEO Nitesh Banga during a meeting with Spanish Prime Minister Pedro Sánchez. These centers will provide design-led digital engineering services to both local and global clients. GlobalLogic aims to create a workforce of up to 3,000 professionals over the next three years, leveraging Spain's skilled talent pool and the government's support for digital transformation initiatives. The expansion follows the company's establishment of a legal entity in Spain in 2022.

GlobalLogic Inc., part of Hitachi Group, has been recognized as a leader in the Zinnov Zones for ER&D Services 2022 Ratings. This assessment evaluates engineering research and development service providers on scalability and expertise. GlobalLogic has consistently ranked in the leader quadrant since 2016, indicating its establishment and expansion in various markets and technologies. The firm excels in verticals like Automotive, Data & AI Engineering, and Telecommunications. The recognition acknowledges GlobalLogic's commitment to innovation and digital transformation, bolstered by strategic acquisitions.