Jul 14

Artificial Intelligence: two new projects awarded by the European Commission

AI is one of the strategic technologies part of the TXT offering with an exponentially increasing curve of adoption; the two new grants awarded by the European Commission will furtherly strength our capabilities in this innovative field

MILAN, 14 July 2020 – TXT e-solutions, a specialized provider of advanced software solutions, constantly keeps evolving its own technological portfolio to support customers in achieving their business objectives in a more efficient and effective way, by adapting, or even anticipate, market trends.

TXT today announces the signature of two grant agreements with the European Commission in the field of Artificial Intelligence applied to Manufacturing, for about Euro 1 million funding in the next 3 years; the overall value of the two EU-funded projects is of about Euro 14 million and TXT, by acting as project coordinator, will collaborate with leading research institutions like Politecnico di Milano and Fraunhofer Institute as well as industrial manufacturing giants like Whirlpool, Ford and CNH Industrial.

AI is a fundamental competence across the whole TXT Group; this technology is becoming a pillar of the Group’s culture and it is widely used, with great success, as key innovative component within our product portfolio and solution capabilities offering.

By leveraging specialized technologies developed by internal R&D departments based in Milan and Berlin blended with collaborative knowledges, funds and innovation coming from the European Commission’s research programs, the TXT’s Innovation Roadmap aims to bring us in a leading position in the international AI field.

 “We are delighted of the two grants awarded, which will allow us to strength our competences on Artificial Intelligence by collaborating with more than 40 European companies” says Michele Sesana, Innovation Manager at TXT, “thanks to the perfect alignment with the overall Group strategy, we expect a positive impact on the whole company offer, both in terms of advanced services and novel products functionalities.“

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About TXT e-solutions

TXT is an international, specialized provider of advanced software solutions supporting customers in high-tech markets in their mission- and business-critical core processes and throughout their product lifecycles.

TXT offers products, solutions and specialized services for the aerospace & aviation, defense, automotive and banking & finance industries.

Founded in 1989, TXT has been listed in the STAR segment of the Italian Stock Exchange since July 2000 (TXT.MI) and employs more than 850 staff at its Milan headquarter and its subsidiaries in Italy, Germany, France, Switzerland, the UK and the US.

For more information, please visit www.txtgroup.com

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