Harman and Neusoft Form Strategic Partnership to Develop Advanced Technologies in Automotive and Consumer Electronics
By Neusoft Corporation Harman International, PRNEThursday, April 22, 2010
Joint Development Centers Established in China and Germany
SHENYANG, China, April 23, 2010 - Harman International (NYSE: HAR) and Neusoft Corporation (600718.SH)
announced today that the two companies have agreed to enter into partnership
for the development of advanced technologies in automotive and consumer
electronics. As a result of this collaboration, Harman and Neusoft have
jointly established technology development centers in Shenyang, China and
Hamburg, Germany that will extend both parties' technological leadership in
these fast-growing industries. The opening ceremony of the Harman and Neusoft
Joint Offshore Development Center was held on April 23, 2010 in Neusoft Park,
Shenyang, China.
Beginning with some 250 professionals, this partnership is expected to
increase the number of technical resources working on Harman products and
systems by more 500 personnel within the next two years. The milestone
collaboration leverages Harman's market-leading position in automotive
infotainment and audio technologies, and Neusoft's more than 15 years of
expertise in automotive technologies and product engineering solutions.
"We are delighted to welcome Neusoft as a strategic partner," said Dinesh
C. Paliwal, Harman's Chairman, President and CEO. "This relationship will
accelerate our development of next-generation technologies and sharpen our
execution focus in delivering Harman's record US$10 billion audio and
infotainment order book, while adding Neusoft's deep expertise to our
commitment to keep our customers at the leading edge of navigation
technologies. Further, Neusoft's experience in Chinese, Japanese and Korean
navigation solutions will help Harman extend its Western automotive
leadership to Asia."
"Harman's leading market share and close relationships with global
automakers will provide a platform for Neusoft's expertise in next-generation
technologies for automotive and consumer electronics, which will
significantly enhance Neusoft's position in the global product engineering
market." said Dr. Jiren Liu, Chairman and CEO of Neusoft Corporation. "By
partnering with Harman, Neusoft will also further improve our development and
innovation competitiveness in the product engineering field, as well as
enhance our overall delivery capabilities for our customers in the European
market."
For more information about Neusoft Corporation, please visit
www.neusoft.com .
For more information about Harman International Industries, Incorporated,
please visit www.harman.com .
Contact: Brad A. Hoffman Vice President, Corporate Communications Harman International Industries, Incorporated +1-203-328-3500 brad.hoffman@harman.com Evelyn Tang Senior PR Manager Neusoft Corporation +86-24-8366-5663 tangyi@neusoft.com
Brad A. Hoffman, Vice President, Corporate Communications, Harman International Industries, Incorporated at +1-203-328-3500, or brad.hoffman at harman.com and Evelyn Tang, Senior PR Manager, Neusoft Corporation, +86-24-8366-5663, or tangyi at neusoft.com
Tags: April 23, China, Neusoft Corporation; Harman International, Shenyang, Western Europe