This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Lotus F1® Team Turbocharges Quest For World Championship With EMC

ENSTONE, England and HOPKINTON, Mass., May 29, 2013 /PRNewswire/ --

Story Highlights:

  • Lotus F1 Team enacts complete rebuild of its IT infrastructure in response to sport's new technical demands
  • EMC appointed to provide cloud-based technology and expertise, enabling more agile and cost-efficient storage, management and protection of information
  • Four -year deal is part of Lotus F1 Team's roadmap to be World Champions by 2015

Full Story:

Lotus F1 Team and EMC Corporation (NYSE:EMC) announced today that they have partnered to create the information technology backbone necessary to underpin the Team's aspirations for a World Championship in 2015.

See the Lotus F1 Team video here .

To achieve this goal, Lotus F1 Team must optimize its resources to face the challenges presented by the new 2014 Formula 1 regulations; the most radical design changes since the introduction of the composite monocoque.

Beginning next year, Formula 1's constructors will be required to switch from normally-aspirated V8 engines to a new breed of more efficient and more powerful hybrid, turbocharged V6 power units, as well as integrating new Energy Recovery System (ERS) technology. The changes will have a significant impact on the cars' design and engineering, and on engine power, aerodynamics and fuel consumption in particular.

Lotus F1 Team determined that a complete overhaul of its IT infrastructure – both trackside and at its Enstone, UK, headquarters – would be necessary to meet this challenge, while also generating new sources of competitive advantage. The partnership with EMC is being implemented to spearhead the Team's development program for its 2014 car and will see Lotus F1 Team adopt a range of Private Cloud technologies, enabling more agile and cost-efficient storage, management and protection of information.

The 2014 redesign represents the most significant change in recent Formula 1 racing history. In addition to car design changes, a complex network of more than 200 sensors can generate in excess of 25 megabytes of data per lap for each car.   In a sport where hundredths of a second mark the difference between a victor and the rest of the pack, the ability to collect, make readily available in a cloud-like manner and quickly analyze these massive amounts of Big Data has emerged as a key competitive differentiator.

Refreshed IT Infrastructure

Lotus F1 Team will deploy a VCE Vblock System – integrating best-in-class compute, network, and storage technologies from Cisco, EMC and VMware – at its Enstone data center to underpin the Team's Computer-Aided Design (CAD) program and its Microsoft Dynamics Enterprise Resource Planning (ERP) solution.

EMC will also deploy its EMC ® Atmos ® object-based cloud storage platform to store, archive and access Lotus F1 Team's unstructured content at scale; EMC Data Domain ® deduplication storage systems to  enable fast backup and recovery of the factory's information estate; and its Cloud Tiering Appliance™ to ensure the secure and efficient tiering of the Team's CAD files before they are moved to the cloud – key to reclaiming valuable primary storage space, lower operating costs and reducing backup requirements.

In order to facilitate secure CAD file-sharing and collaboration between the Team and its partners, Lotus F1 Team will also be using EMC's Syncplicity ® enterprise file sync and share solution and Documentum ® Information Rights Management (IRM) technology which tracks and protects documents, messages and attachments while in transit, at rest and after delivery. At the trackside, a second VCE Vblock System, incorporating EMC's award-winning VNX ® solution, will be deployed to support the Team's virtual desktop infrastructure as well as its on-track applications.

As part of a four-year deal, EMC will gain unrivalled access to the GENII Business Exchange platform –Lotus F1 Team's elite group of IT and Technical Partners –in addition to a range of global hospitality and incentive packages.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs