ELGi Launches ‘State of the Future Art’, a Signature Initiative to Drive Futuristic Technology for Innovation

ELGi Equipments, (BSE: 522074 NSE: ELGIEQUIP), welcomed over 200 employees, students and industry representatives to the 1^st edition of Technology Day 2018, at the Le Meridien, Coimbatore. The event witnessed the unveiling of ELGi’s ‘State of The Future Art’– a signature initiative focused on fostering innovation.

“ELGi’s goal is to be the No. 2 player in the global air compressor market by 2027. Our technology breakthroughs will transform the conventional boundaries of compressor technology with a relentless focus on increasing performance and energy efficiency. The ‘State of the Future Art’ is an ELGi initiative aimed at identifying and developing advanced technology and nurturing innovation” saidDr. Jairam Varadaraj, Managing Director, Elgi Equipments.

Air compressor technology has evolved over the years, from air billows to advanced compressor product innovation, to reach breakthrough levels of performance and efficiency. Since its inception, ELGi has adopted innovation as a key differentiator, keeping pace with global compressor technology trends and evolving customer needs. Technology Day 2018, celebrated on the 15^th of December every year, is a platform to engage and build collaboration between young engineering minds and industry experts. The daylong event recognized the significant contribution and complex engineering achievements of ELGi’s technology team.

As part of the first ever Technology Day, ELGians showcased major technology breakthroughs through a series of presentations, product displays, knowledge sharing and interactive panel discussions. Keynote speakers, Dr Tessy Thomas,Director-General, Aeronautical Systems (DG-Aero) of the Defence Research and Development Organisation (DRDO) and Mr. Shailesh Zinge, Marketing, Sales and Product Planning, Cummins India addressed the audience, highlighting how product innovation is poised to disrupt the technology landscape.

Bringing industry and academics together ELGi has closely partnered with a network of key universities in India to develop engineering and technology specialists of the future. This year, as part of Technology Day 2018, ELGi invited engineering students to author papers on compressor efficiency, reliability and performance enhancements. Over the past month, ELGi employees, the world over, have been engaged in internal contests which encourage breakout thinking and innovative ideation for product excellence. All the winners, across categories, were felicitated during the event.