Jan. 10, 2020, 12:00 p.m. EST

LG Electronics and Luxoft Establish webOS Auto Joint Venture at CES2020

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TORONTO, Jan. 10, 2020 (Canada NewsWire via COMTEX) -- Headquartered in California, Partnership Aims to Develop and Advance webOS Auto Into a Market Leading Platform

LG Electronics (LG) and Luxoft a DXC Technology Company, entered into an agree-ment this week to jointly develop and expand the webOS Auto platform in production-ready systems.

Dr. I.P. Park, president and CTO of LG, and Dmitry Loschinin, executive vice president of DXC Technology and president and CEO of Luxoft, signed the agreement yesterday in Las Vegas during the CES(®) 2020 exhibition. The new venture will be based in Santa Clara, California and will commence operation in the first quarter of 2020 at which time the management team will be announced.

Through the new joint venture, LG and Luxoft will advance the deployment of production-ready digital cockpit, in-vehicle infotainment, rear-seat entertainment (RSE) and ride-hailing systems based on webOS Auto platform and make it available for automakers, fleet operators, and shared mobility services providers. LG's webOS Auto platform provides features, functionality and incorporates all essential components such as multimedia processing, multi-display control, connectivity, security, offering improved comfort and convenience to passengers and drivers. The new venture will leverage Luxoft's global engineering at-scale delivery network.

With webOS in more than 70 million smart TVs in homes worldwide, LG is revolutionizing the living room with the best user experience in the TV industry. With webOS Auto delivering an ecosystem of intelligent services and content streaming services from market leaders, LG is expanding its expertise by offering a unique consumer-grade experience in vehicles.

"Through this joint venture with Luxoft, we are aiming to strengthen LG's automotive IVI platform and accelerate the arrival of connected vehicles by leveraging technologies" said Dr. Park. "We will continue to evolve the ecosystem of webOS Auto by providing a wide range of services with a growing list of partner companies."

"This new venture reinforces Luxoft's capabilities in the design, development and deployment of large-scale digital cockpit and connected mobility solutions based on open platforms," said Loschinin. "The combined strengths of LG and Luxoft will create invaluable synergy to deploy the webOS Auto platform for digital, consumer-grade experiences to automakers and their key partners."

About LG Electronics Canada Inc.The LG brand was established in 1995. The company is a global leader in electronics, information and communications products, with more than 117 operations around the world, and annual worldwide revenues of more than US $54 billion. LG Electronics Canada Inc. is comprised of five business units - Mobile Communications, Home Appliance, Home Entertainment, Business Solutions and Commercial Air Conditioning. The company has offices in Toronto and Vancouver. LG Electronics Canada Inc. is focused on delivering award-winning products known for blending style and technology. These innovative products include cell phones, flat screen TVs, laptop computers and home appliances. For more information please visit http://www.lg.com/ca_en .

Media Contacts:

Shari?Balga? LG Electronics Canada Inc. ??C: 647-261-3603 shari.balga@lge.com ?

Lisa Yerilin LG-One CanadaC: 416-486-2563lisa.yerilin@lg-one.com

SOURCE LG Electronics Canada

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2020/10/c5099.html

SOURCE: LG Electronics Canada

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