Xerox and Mitsubishi Heavy Industries Signing on ITS opportunities
Xerox (NYSE: XRX) and Mitsubishi Heavy Industries (MHI), both leaders in transportation solutions, today signed a Memorandum of Understanding to explore, globally, on a case-by-case basis, potential joint Intelligent Transport System (ITS) opportunities.
"The ITS offerings of Xerox and MHI complement one another," said Ken Philmus, senior vice president, Transportation Services, Xerox. "Xerox and MHI will seek to find opportunities in which their combined strengths will provide a better and more competitive offering for transportation authorities and operators around the world."
The parties will focus on electronic toll collection, highway traffic management, telematics and intelligent urban parking in which Xerox has proficiency in back-end software and operations, predominantly in the Americas and Europe, while MHI has strength in front-end hardware and maintenance, predominantly in Japan and Asia.
"It is MHI's objective to expand beyond Japan and Asia," said Hiroyuki Toda, general manager, ITS Strategic Business Unit, deputy head, ICT Solution Headquarters, Mitsubishi Heavy Industries. "We firmly believe that working with Xerox on particular projects, we can provide a better offering into the ITS industry."
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