Xerox and Mitsubishi Heavy Industries Sign Memorandum of Understanding to Work Together on Intelligent Transport System Projects

Xerox (NYSE:XRX) and Mitsubishi Heavy Industries (MHI), both leaders in transportation solutions, today signed a Memorandum of Understanding to explore, globally, on a case-by-case basis, potential joint Intelligent Transport System (ITS) opportunities.

"The ITS offerings of Xerox and MHI complement one another,” said Ken Philmus, senior vice president, Transportation Services, Xerox. "Xerox and MHI will seek to find opportunities in which their combined strengths will provide a better and more competitive offering for transportation authorities and operators around the world.”

The parties will focus on electronic toll collection, highway traffic management, telematics and intelligent urban parking in which Xerox has proficiency in back-end software and operations, predominantly in the Americas and Europe, while MHI has strength in front-end hardware and maintenance, predominantly in Japan and Asia.

"It is MHI’s objective to expand beyond Japan and Asia,” said Hiroyuki Toda, general manager, ITS Strategic Business Unit, deputy head, ICT Solution Headquarters, Mitsubishi Heavy Industries. "We firmly believe that working with Xerox on particular projects, we can provide a better offering into the ITS industry.”

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About Xerox

Xerox is helping change the way the world works. By applying our expertise in imaging, business process, analytics, automation and user-centric insights, we engineer the flow of work to provide greater productivity, efficiency and personalisation. We conduct business in 180 countries, and our more than 130,000 employees create meaningful innovations and provide business process services, printing equipment, software and solutions that make a real difference for our clients – and their customers. Learn more at www.xerox.com.

About Mitsubishi Heavy Industries

Mitsubishi Heavy Industries, Ltd. (MHI), headquartered in Tokyo, Japan, is one of the world’s leading heavy machinery manufacturers, with consolidated sales of 3,992.1 billion yen in fiscal 2014, the year ended March 31, 2015. MHI’s diverse line-up of products and services encompasses shipbuilding, power plants, chemical plants, environmental equipment, steel structures, industrial and general machinery, aircraft, space systems and air-conditioning systems.

For more information, please visit the MHI website: http://www.mhi-global.com/index.html.

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