Wednesday Sep 24 2008
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NIIT Technologies to deliver Cargo Handling Solution for Cathay Pacific at their new Cargo Terminal at HKIA
Published: Sep 24, 2008 

Strategic Engagement is part of a Multi-million, Multi-year Deal

NIIT Technologies Ltd, the global IT services provider headquartered in New Delhi, today announced a strategic engagement with Cathay Pacific for the development of a Warehouse Operating System (WOS) for their new cargo terminal at the Hong Kong International Airport. NIIT Technologies has earlier provided state-of-the-art solutions to cater to cargo ground handling operations for SATS (Singapore, Taiwan and Beijing) and more recently at the Bangalore International Airport.

For Cathay Pacific, NIIT Technologies will design, develop and implement the warehouse operating system which will be tailored to serve the growing demands of the air cargo industry. The e-freight complaint system will be inline with the terminal's facility design to enable the most efficient flow of cargo and to facilitate speedy processing of all types of cargo. The system is scheduled to go live in the middle of the year 2011.

"We decided on NIIT Technologies for its proven track record of successful implementations and service delivery excellence in the Airlines & Airports solutions space across the south east Asia region. We are positive this engagement will bring incremental value to our cargo ground handling operations at the Cathay Pacific Cargo Terminal in Hong Kong and will help us serve our customers better." said Mr. Peter Lee, Cargo Terminal Programme Manager, Cathay Pacific Services Limited, on the occasion of the contract signing.

"This engagement with Cathay Pacific reinforces our leadership position in the Travel, Transportation & Logistics industry. Our solution will be a fully integrated software platform that will enable enhanced efficiencies, increased monitoring and greater control over ground handling operations for Cathay Pacific." said, Arvind Mehrotra, EVP & Head (Global Strategic Initiatives), NIIT Technologies.

The Stock was trading at Rs.96.65, up by Rs.1.35 or 1.42%. The stock hit an intraday high of Rs.97.75 and low of Rs.93.50.

The total traded quantity was 60468 compared to 2 week average of 112137.

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