Collaboration will define and drive global
energy efficiency through advanced digital solutions
NEWTOWN,
Pa., Feb. 1, 2025 /PRNewswire/ -- EPAM
Systems, Inc. (NYSE: EPAM), a leading digital transformation
services and product engineering company, today announced an
expanded engagement with Baker Hughes to revolutionize the energy
sector. This engagement names EPAM as Baker Hughes' systems
integration collaborator for digital and AI implementations,
marking a significant milestone in the sector's digital
transformation.
Combining EPAM's best-in-class digital engineering and product
development capabilities with Baker Hughes' expertise in energy
technology, this collaboration will redefine workflows, improve
operational efficiency and deliver innovative solutions to drive
substantial environmental benefits. Leveraging digital solutions
will further support Baker Hughes' 2030 commitment to growing its
digital revenue stream through advanced technologies and fostering
sustainable energy development.
"We are pleased that Baker Hughes has chosen to team up with
EPAM, entrusting us with their most complex digital transformation
and technology modernization challenges," said Balazs Fejes, President of Global Business &
Chief Revenue Officer of EPAM. "With our expert orchestration and
systems thinking approach, we look forward to bringing world-class
solutions to drive significant change across the industry."
The digital transformation achieved through this collaboration
also punctuates the theme for the 2025 Baker Hughes Annual Meeting
(AM25). The event, held in Florence,
Italy, from February 2 to 4,
2025, will bring more than 2,000 industry leaders,
policymakers, and experts to share strategies for driving
actionable change in the energy industry.
EPAM's significant presence at AM25 includes the following
highlights:
- Arkadiy Dobkin, CEO and
President, EPAM, will deliver a keynote, sharing thoughts on
achieving lasting change across the energy industry.
- Interactive kiosks featuring EPAM's
JenAii™ will showcase Baker Hughes' applications. JenAii™ is
EPAM's virtual assistant, powered by a combination of AI-enabled
chatbots, motion capture and 3D gaming software.
- Fabio Mazzocchetti, CTO AI in
Energy, EPAM, will lead a Tech Talk, exploring the influence of
autonomous, intelligent AI agents in the energy sector.
"This year's theme, Progress at Scale, reflects the need
for sustainable energy development to drive lasting change across
energy and industry," said Lorenzo
Simonelli, Chairman and CEO of Baker Hughes. "As Baker
Hughes' system integration collaborator for digital and AI
implementations – and the current systems integrator for our
Leucipa™ automated field production solution – the digital
capabilities and expertise of EPAM are crucial to meet growing
global energy demand."
For more information about how EPAM is turning future
possibilities into today's reality for energy companies, visit
www.epam.com/industries/energy-and-resources.
About EPAM Systems
Since 1993, EPAM Systems, Inc. (NYSE: EPAM) has used its
software engineering expertise to become a leading global provider
of digital engineering, cloud and AI-enabled transformation
services, and a leading business and experience consulting partner
for global enterprises and ambitious startups. We address our
clients' transformation challenges by focusing EPAM Continuum's
integrated strategy, experience and technology consulting with our
30+ years of engineering execution to speed our clients' time to
market and drive greater value from their innovations and digital
investments.
We make GenAI real with our AI LLM orchestration, testing and
engineering solutions, EPAM DIAL, EPAM EliteA™ and EPAM AI/RUN™,
respectively.
We deliver globally but engage locally with our expert teams of
consultants, architects, designers and engineers, making the future
real for our clients, our partners, and our people around the
world. We believe the right solutions are the ones that improve
people's lives and fuel competitive advantage for our clients
across diverse industries. Our thinking comes to life in the
experiences, products and platforms we design and bring to
market.
Added to the S&P 500 and the Forbes Global 2000 in 2021 and
recognized by Glassdoor and Newsweek as a Top 100 Best Workplace,
our multidisciplinary teams serve customers across six continents.
We are proud to be among the top 15 companies in Information
Technology Services in the Fortune 1000 and to be recognized as a
leader in the IDC MarketScapes for Worldwide Experience Build
Services, Worldwide Experience Design Services and Worldwide
Software Engineering Services.
Learn more at www.epam.com and follow us
on LinkedIn.
Forward-Looking Statements
This press release includes estimates and statements which may
constitute forward-looking statements made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995, the accuracy of which are necessarily subject to risks,
uncertainties, and assumptions as to future events that may not
prove to be accurate. Our estimates and forward-looking statements
are mainly based on our current expectations and estimates of
future events and trends, which affect or may affect our business
and operations. These statements may include words such as
"may," "will," "should," "believe," "expect," "anticipate,"
"intend," "plan," "estimate" or similar expressions. Those future
events and trends may relate to, among other things, developments
relating to the war in Ukraine and
escalation of the war in the surrounding region, political and
civil unrest or military action in the geographies where we conduct
business and operate, difficult conditions in global capital
markets, foreign exchange markets and the broader economy, and
the effect that these events may have on client demand and our
revenues, operations, access to capital, and
profitability. Other factors that could cause actual results
to differ materially from those expressed or implied include
general economic conditions, the risk factors discussed in the
Company's most recent Annual Report on Form 10-K and the factors
discussed in the Company's Quarterly Reports on Form 10-Q,
particularly under the headings "Management's Discussion and
Analysis of Financial Condition and Results of Operations" and
"Risk Factors" and other filings with the Securities and Exchange
Commission. Although we believe that these estimates and
forward-looking statements are based upon reasonable assumptions,
they are subject to several risks and uncertainties and are made
based on information currently available to us. EPAM undertakes no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events, or
otherwise, except as may be required under applicable securities
law.
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SOURCE EPAM Systems, Inc.
