Siemens wins Rs 127 cr IT deal from Jaypee Sports

MUMBAI, INDIA: Siemens Ltd said on Monday it has won an order worth 127 crore rupees to install, design and engineer a special electronics package for Formula 1 race track.

The order was placed by Jaypee Sports International Ltd and will take 10 months to complete, Siemens said in a statement.

As part of the agreement, Siemens will supply, install, design, engineer and commission special electronics package, including setting up of race control management system, video surveillance of racetrack and video surveillance for racetrack, video storage, digital signaling system (Digi Flag) and time keeping system, said the statement.

Additionally, it will also provide the complete IT backbone (VoIP and data network), information displays and media distribution system for media centre for this project.

Siemens said its Race Control Management system forms the most critical part of the racing. The camera, signaling, digital video recording, time keeping, SMATV etc, are all controlled from this system, which will enable FIA staff to control the race centrally.

Commenting on this contract Sameer Gaur, MD & CEO, Jaypee Sports International said, “Siemens was selected, because of their excellent track record and the company’s capability to execute and deliver extremely sophisticated solutions for the modern racing circuit within the stipulated time-frame. Siemens has a huge experience in executing similar international F1 projects and recommendation by the FIA World Motor Sports Council.”

Vijay Paranjape, Director Siemens Ltd said, “Siemens is proud to participate in the development of the country’s first world-class Formula 1 race circuit. As a global leader with a vast experience in numerous F1 race tracks around the world, and proven expertise in this sector, this prestigious project provides us with yet another opportunity to bring state of the art sporting systems to India that match international standards.”