Perot Systems Enters IT and Engineering Services Agreement with Zoomlion Heavy Industry Science and Technology
Sets Framework for Expansion into Construction Equipment Industry
CHANGSHA, China, July 14 /PRNewswire-FirstCall/ -- Perot Systems Corporation (NYSE: PER) today announced that it has entered an agreement with Zoomlion Heavy Industry Science and Technology Development Co., Ltd., to explore utilization of technology and engineering services to give both companies an increased presence in the construction equipment industry in China.
"The agreement with Zoomlion gives us the opportunity to provide advanced engineering services, opening a new door for Perot Systems in China," said David Miller, Perot Systems Managing Director for China. "Bringing our engineering services to China to work with domestic manufacturers should jointly strengthen our research and development capabilities and provide a means to reduce the cost of engineering while decreasing time to market for new products and platforms."
Founded in 1992, Zoomlion is a pioneer corporation in the China construction machinery industry and is one of the first 103 innovative experimental enterprises in China. The company is engaged in researching and manufacturing the key machineries needed for construction projects, energy source projects and transportation projects, among others. With more than 18,000 employees, Zoomlion produces over 350 types of leading products and maintains complete intellectual property. It is ranked as one of the Chinese Top 500 Enterprises, Chinese Top 100 Machinery Manufacturers and Chinese Top 10 Independent Innovation Enterprises.
As a leader in both information technology and engineering services outsourcing, Perot Systems is uniquely equipped to handle the needs of companies in the construction equipment industry. Working with Zoomlion, Perot Systems has the ability to collaborate with an experienced machinery provider to pursue new product and market opportunities in China.
About Perot Systems
Perot Systems is a worldwide provider of information technology services and business solutions. Through its flexible and collaborative approach, Perot Systems integrates expertise from across the company to deliver custom solutions that enable clients to accelerate growth, streamline operations and create new levels of customer value. Headquartered in Plano, Texas, Perot Systems reported 2008 revenue of $2.8 billion. The company has more than 23,000 associates located in the Americas, Europe, Middle East and Asia Pacific. Additional information on Perot Systems is available athttp://www.perotsystems.com/.
This press release contains forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. For factors that could affect our business and cause actual results to differ materially, please refer to our Annual Report on Form 10-K for the fiscal year ended December 31, 2008, as filed with the U.S. Securities and Exchange Commission and available athttp://www.sec.gov/, as updated in our Quarterly Reports on Form 10-Q filed after such Form 10-K, for additional information regarding risk factors. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments, or otherwise.
