ELGi launches ‘State of the Future Art’, a signature initiative to drive futuristic technology and nurture innovation

15 Dec 2018

ELGi’s Global Technology Centre celebrates the first edition of Technology Day 2018

Coimbatore, India, December 15, 2018: ELGi Equipments, (BSE: 522074 NSE: ELGIEQUIP), today welcomed over 200 employees, students and industry representatives to the 1st 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” said Dr. 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 15th 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.

About ELGi

Elgi Equipments Limited is a leading air compressor manufacturer with a broad range of innovative and technologically superior compressed air systems. ELGi has earned worldwide distinction for designing sustainable solutions that help companies achieve their productivity goals and keep the cost of ownership low. ELGi offers a complete range of compressed air solutions from oil-lubricated and oil-free rotary screw compressors, oil-lubricated and oil-free reciprocating compressors and centrifugal compressors, to dryers, filters and downstream accessories. The company’s portfolio of over 400 products has found wide application across industries. For further information on the organisation and its products, please visit https://www.elgi.com/kr