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Mitsubishi Heavy Industries Machine Tool Co., Ltd. Begins Operations

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TOKYO, Sep 30, 2015 - (JCN Newswire) - On October 1 Mitsubishi Heavy Industries Machine Tool Co., Ltd., a newly created group company of Mitsubishi Heavy Industries, Ltd. (MHI) succeeding to MHI's machine tools business, will commence operations. The new company will seek enhanced organizational responsiveness through integration of manufacturing and sales functions, and will develop internal structures enabling swift decision-making, in a quest for robust competitiveness in the global machine tools market.

The new company's head office and main plant are located in Ritto City, Shiga Prefecture, at what has until now been the Ritto District Main Plant of MHI's Machine Tool Division. Operations will launch under a new president: Seiji Shirao, currently General Manager of the Machine Tool Division in MHI's Machinery, Equipment & Infrastructure business domain. The business philosophy being hoisted by the new company aims to "provide optimal solutions to enable the customer to achieve the purposes of, and resolve issues relating to, production activities; and contribute to enhancement of the customer's value in manufacturing." In line with this corporate stance the new entity will seek to become a leading global manufacturer in the fields.

In the gear cutting machines business, the new company will have a superior position within the global market; going forward it will strengthen its development and combined provision of machines and tools all having superlative product appeal. The new entity will undertake a new form of business to provide optimal solutions to resolve the diverse issues and challenges confronted on the customer's manufacturing floor, with its participation to commence from the initial stage of mulling potential problem-solving resolutions. In the advanced production systems business, in addition to offering solutions to improve the customer's machining technologies and production facilities, the company will also strive to achieve business in factory information processing systems technology making use of ITC (information and communications technology) and MHI's accumulated expertise as a machine tool manufacturer.

In recent years the environment surrounding the machine tools market has changed significantly both in Japan and abroad. In terms of technology, needs are becoming more sophisticated at an accelerating pace and calls are being heard for advanced automation and energy-saving technologies. Meanwhile attention is focusing on innovations in production making use of information and communications technologies, leading to intensifying competition among the world's machine tool manufacturers.

Against this backdrop, the new company, by virtue of its transformation to a dedicated firm, will pursue swifter decision-making and clarification of operational responsibilities. It will also take full advantage of the comprehensive strengths of the MHI Group and outstanding organizational responsiveness to be derived from its integration of manufacturing and sales functions, to pursue stronger response capability to changes in the market environment and customer needs, in order to accelerate the strengthening and expansion of its business operations.

About Mitsubishi Heavy Industries

Mitsubishi Heavy Industries, Ltd. (TSE: 7011, 'MHI'), headquartered in Tokyo, Japan, is one of the world's leading heavy machinery manufacturers. MHI's diverse lineup of products and services encompasses shipbuilding, power plants, chemical plants, environmental equipment, steel structures, industrial and general machinery, aircraft, space rocketry and air-conditioning systems. For more information, please visit the MHI website at www.mhi.co.jp.

Contact:
Hideo Ikuno h.ikuno@daiya-pr.co.jp +81-3-6716-5277

Copyright 2015 JCN Newswire. All rights reserved. www.jcnnewswire.com

MHI to Exhibit at 22nd ITS World Congress Bordeaux 2015

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TOKYO, Sep 30, 2015 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) will be exhibiting at the "22nd ITS World Congress Bordeaux 2015" to be held at Congres et Expositions de Bordeaux in France from October 5 through 9. The theme of this year's event will be "Towards Intelligent Mobility - Better Use of Space." MHI will show a variety of its solutions in the field of intelligent transport systems (ITS), including an electronic toll collection (ETC) system employing a cellular network (CN) and global navigation satellite system (GNSS), and a traffic control system that collects and distributes road information. In addition, MHI will be giving a number of presentations introducing its abundant track record and technological capabilities in the ITS field.

MHI's exhibits at the 22nd ITS World Congress will broadly fall into three categories: road pricing systems, traffic control systems, and ITS solutions. In road pricing systems, the Company will show a CN/GNSS based ETC system, a global ETC system conforming to Japan's standard ETC specifications, an ETC system for emerging countries that uses sticker type radio frequency identification (RFID) tags, and automated toll collection units and ETC onboard devices for the domestic market. Traffic control system exhibits will consist of a highway traffic control system incorporating vehicle detectors, information display panels, a central control system, etc. The Company's ITS solution exhibits will spotlight its probe data collection system for collecting vehicular information received from onboard instruments, traffic simulation technology employing such collected data, etc. In addition, MHI will show a video presenting the views of its stakeholders, based on interviews conducted in conjunction with projects both in Japan and around the world.

MHI is scheduled to present three papers at the Congress. Topics will include a comparison of electric vehicle (EV) use in Japan and Spain along with analysis of respective driving styles, an overview of various ITS applications making use of RFID tags, and a position measuring system based on detection of the angle at which ETC communication radio waves are received.

The ITS World Congress is the only global gathering dedicated to the topic of ITS. An annual event, it is convened on an alternating basis by three organizations representing three geographic regions: ERTICO-ITS Europe for the European zone, the Intelligent Transportation Society of America (ITS America) for the U.S., and ITS Japan for the Asia-Pacific region. Two years ago the event took place in Tokyo, and last year it was held in Detroit. This year, approximately 10,000 participants from more than 60 countries are expected to attend, and the program is scheduled to include presentations of some 750 papers.

About Mitsubishi Heavy Industries

Mitsubishi Heavy Industries, Ltd. (TSE: 7011, 'MHI'), headquartered in Tokyo, Japan, is one of the world's leading heavy machinery manufacturers. MHI's diverse lineup of products and services encompasses shipbuilding, power plants, chemical plants, environmental equipment, steel structures, industrial and general machinery, aircraft, space rocketry and air-conditioning systems. For more information, please visit the MHI website at www.mhi.co.jp.

Contact:
Hideo Ikuno h.ikuno@daiya-pr.co.jp +81-3-6716-5277

Copyright 2015 JCN Newswire. All rights reserved. www.jcnnewswire.com

Mazda to Unveil New Sports Car Concept at Tokyo Motor Show

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Mazda's new sports car concept
Hiroshima, Japan, Sep 30, 2015 - (JCN Newswire) - Mazda Motor Corporation will hold the world premiere of a new sports car concept model at the 2015 Tokyo Motor Show, which runs from October 30 through November 8. A total of 14 models will be on display at the Mazda stand, including crossover concept Mazda KOERU making its first appearance in Japan, two racing-spec Mazda Roadsters (known as Mazda MX-5 outside Japan) and the Cosmo Sport (110S outside Japan), first introduced in 1967.

The design of the sports car concept to be unveiled in Tokyo is modern but maintains a sense of lineage and authenticity, appearing almost to condense Mazda's entire history of sports car development into a single model.

In line with the company's theme for the Tokyo Motor Show this year, "Accelerate toward our dreams," Mazda will make an appeal for the brand's unique approach to driving pleasure. In addition to the sports car concept, Mazda KOERU will be on display along with new-generation models featuring SKYACTIV Technologies and KODO-Soul of Motion design. A motor sports exhibit will feature racing-spec Roadsters and the Cosmo Sport will compliment a heritage display showing Mazda's history of convention-defying engineering.

SMART MOBILITY CITY 2015: Mazda Exhibit

SMART MOBILITY CITY has been part of the Tokyo Motor Show since 2011, showcasing the cutting-edge of Japanese technology in Intelligent Transport Systems (ITS) and "Smart Communities" based around the automobile.

Mazda's exhibit this year will showcase the company's safety philosophy and technologies. Displays will explain the company's human-centered HMI (Human Machine Interface), omnidirectional sensing concept, and safety technologies developed in line with the Mazda Proactive Safety philosophy, which aims to offer safety, peace of mind and driving pleasure by helping the driver recognize potential hazards, exercise good judgment and operate the vehicle in an appropriate fashion.

Special customer events 'Be a driver. Experience at Tokyo Motor Show'

Mazda will hold a number of special events for customers at the stand throughout the show. In addition to explanations about the vehicles on display and Mazda's vehicle engineering philosophy, the attendees will have the opportunity to meet and talk to some of the engineers who developed the vehicles on display.

Please visit the following site for details of the events, including how to apply. (Please note that the website is only available in Japanese)

http://www2.mazda.co.jp/motorshow/2015/

About Mazda

Mazda Motor Corporation (TSE: 7261) started manufacturing tools in 1929 and soon branched out into production of trucks for commercial use. In the early 1960s, Mazda launched its first passenger car models and began developing rotary engines. Still headquartered in Hiroshima in western Japan, Mazda today ranks as one of Japan's leading automakers, and exports cars to the United States and Europe for over 30 years. For more information, please visit www.mazda.com

Contact:
Corporate Communications Division Mazda Motor Corporation, Japan +81-3-3508-5056 [Tokyo] +81-82-282-5253 [Hiroshima] mailto: media@mazda.co.jp

Copyright 2015 JCN Newswire. All rights reserved. www.jcnnewswire.com

Mitsubishi Agricultural Machinery and Mahindra Announce Start of their Strategic Partnership

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TOKYO, Oct 1, 2015 - (JCN Newswire) - - Transaction announced in May 2015 completed as per schedule
- The company renamed as Mitsubishi Mahindra Agricultural Machinery Co., Ltd.
- To represent the strategic partnership between Mitsubishi Heavy Industries and Mahindra & Mahindra in agricultural machinery

Mitsubishi Agricultural Machinery Co., Ltd (MAM) and Mahindra & Mahindra Ltd. (M&M), part of the USD 16.9 billion Mahindra Group headquartered in Mumbai, India today completed the transaction announced on May 21, 2015 as per schedule. The two companies entered into a capital tie-up through a third-party allocation of new shares. As a result of the capital infusion, the new shareholding is as follows: MHI now owns 66.7% and M&M 33.3%. Starting from October 1, the name of the company has been changed to "Mitsubishi Mahindra Agricultural Machinery Co., Ltd.", and the new organization has been announced. Please see below for more details.

In the new organization, Mr. Katsumi Tottori is appointed CEO and President (formerly President of MAM) and Mr. Sudhir Jaiswal is appointed as CFO and Senior Executive Vice President (formerly Vice President - Commercial and Business Planning, International Operations, Automotive Division of Mahindra & Mahindra). Takahiro Hisano is appointed as CTO and Senior Executive Vice President (formerly Vice President and General Manager of Development and Design of MAM).

With these developments, Mitsubishi Mahindra Agricultural Machinery will be in a position to execute business strategies for global expansion, along with a continued focus in the market in Japan. The company would benefit from M&M's product development capability, cost competitiveness and the first-class sales network especially in India, China and the US. At the same time, the company will also take advantage of the technology and brand power of MHI to strengthen its competitiveness in Japan and global markets.

About Mitsubishi Heavy Industries

Mitsubishi Heavy Industries, Ltd. (TSE: 7011, 'MHI'), headquartered in Tokyo, Japan, is one of the world's leading heavy machinery manufacturers. MHI's diverse lineup of products and services encompasses shipbuilding, power plants, chemical plants, environmental equipment, steel structures, industrial and general machinery, aircraft, space rocketry and air-conditioning systems. For more information, please visit the MHI website at www.mhi.co.jp.

Contact:
Hideo Ikuno h.ikuno@daiya-pr.co.jp +81-3-6716-5277

Copyright 2015 JCN Newswire. All rights reserved. www.jcnnewswire.com

Etisalat UAE, NEC and NetCracker Complete Highly Successful Virtual CPE Trial

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TOKYO, Oct 1, 2015 - (JCN Newswire) - NEC Corporation and NetCracker Technology have announced that Etisalat UAE, one of the world's largest mobile communications service providers, has successfully completed a series of comprehensive virtual customer-premises equipment (vCPE) trials. The vCPE solution was provided through NEC's and NetCracker's joint business brand, NEC/NetCracker SDN/NFV Solutions, and demonstrated new ways to optimize customer experience through an innovative self-service portal.

Etisalat UAE is the Middle East's leading telecommunications provider, offering a wide range of 3G, 4G and Fiber-to-the-Home services to more than 11 million customers across the region.

The proof of concept (PoC) validated the NEC/NetCracker vCPE solution's ability to move highly complex IP and connectivity functionality from end-user gateways to Etisalat's data center, which will reduce complexity for residential customers and provide them with more control over services. Etisalat's deployment of the vCPE solution will enable it to experience a number of critical advantages, including the ability to provide next-generation connectivity without deploying highly complicated equipment at customer locations, resulting in reduced costs and fewer truck rolls.

"Our investment into virtual infrastructure is critical in enabling our long-term success in a highly competitive Internet-enabled market, where instant gratification and micro transactions dominate," said Esmaeel AlHammadi, Senior Vice President of Network Development at Etisalat. "We collaborated with NEC and NetCracker because of their deep domain expertise and in-depth knowledge of the rapidly evolving virtualization technologies. The proof of concept validated the technology and business benefits associated with implementing their vCPE solution."

During the PoC, NEC and NetCracker demonstrated several highly sophisticated use cases for Etisalat, including the ability to let customers personalize device- and subscriber-specific usage controls through an easy-to-use self-service portal. NEC and NetCracker also showed how customers can extend their LAN to enable cloud-based L2 services and content, as well as the vCPE solution's ability to deploy virtual firewalls.

"By implementing the NEC/NetCracker vCPE solution, Etisalat can provide customers with access to a diverse set of services and capabilities through a self-care portal. The vCPE solution will also help Etisalat enable IPv6-based Internet connectivity without the need for any complex on-site processes," said Noboru Takahashi, President & CEO of NEC in GCC (Gulf Cooperation Council).

"Given the increasing demand for virtualized solutions, we are excited to work with Etisalat and demonstrate the in-depth capabilities of our innovative vCPE solution," said Sylvain Seignour, Vice President of Global Sales at NetCracker. "We are pleased with the results of this PoC and look forward to expanding our relationship with Etisalat as the market and demand for virtualized technologies grow."

About NEC Corporation

NEC Corporation is a leader in the integration of IT and network technologies that benefit businesses and people around the world. By providing a combination of products and solutions that cross utilize the company's experience and global resources, NEC's advanced technologies meet the complex and ever-changing needs of its customers. NEC brings more than 100 years of expertise in technological innovation to empower people, businesses and society. For more information, visit NEC at http://www.nec.com.

Based on its Mid-term Management Plan 2015, the NEC Group globally provides "Solutions for Society" that promote the safety, security, efficiency and equality of society. Under the company's corporate message of "Orchestrating a brighter world," NEC aims to help solve a wide range of challenging issues and to create new social value for the changing world of tomorrow. For more information, please visit http://www.nec.com/en/global/about/solutionsforsociety/message.html.

Contact:
Seiichiro Toda s-toda@cj.jp.nec.com +81-3-3798-6511

Copyright 2015 JCN Newswire. All rights reserved. www.jcnnewswire.com

Toyota Gives the Crown a New Shine at Sixty

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Crown Athlete S-T (2.0-liter direct-injection turbo vehicle, rear-wheel drive; options shown)
TOKYO, Oct 1, 2015 - (JCN Newswire) - Toyota is ensuring that the Crown enters its seventh decade in style. The model is getting a new lease on life, courtesy of a major mid-cycle update adding a new direct-injection turbo engine, a broad new range of colors, and a world-first(1) ITS safety package.

Since the debut of the original Crown in 1955, the nameplate has been a constant and reassuring presence in the Japanese market. Despite this consistency, it has never failed to adapt to the needs of each era. The most recent redesign focused on injecting liveliness and fun into the Crown, with particular emphasis placed on style, customization, and performance.

The Athlete and Royal series' will see the most significant changes, while improvements will also be made to the Majesta series. All three will be sold through Toyota dealers across Japan, with a combined monthly sales target of 3,700 units.

A sportier Athlete series and a more refined Royal series

Crown Athlete

The front grille, with its striking mesh pattern, seemingly changes expression depending on the viewing angle, giving it an even stronger front view with a commanding presence.

The grille's outline extends to the bottom edge of the front bumper, conveying the vehicle's low center of gravity. In addition, the bumper on both sides of the grille projects out to the corners, cutting a wide and low stance.

In addition to Bi-Beam LED headlights capable of switching between high and low beams with a one-lamp light source, the Athlete features surface-emitting LED clearance lamps with a daytime running function.

With larger ring-shaped rear lamps, the rear view expresses an emphasized sense of depth.

The interior uses agate laminate decorative paneling, expressing clarity and depth like a work of art. Turbo models will offer a dedicated interior color known as Prussia Blue.

Crown Royal

The thick front bumper and horizontal grille with an emphasized sense of depth create a front view that exudes a commanding presence and a greater sense of sophistication.

The grille has been lowered even further and a chrome finish extends from the center to both sides, encircling the fog lights and emphasizing a sense of quality as well as a low center of gravity.

The interior uses a lattice patterned panel based on a detailed wood-grain finish. In addition, combined with the new interior colors of black with brown accents, this contributes to conveying both a youthful and yet more sophisticated interior.

Special color selection package

Twelve subtle colors representative of Japanese aesthetics can be selected on certain grades in the Athlete series. Experienced professionals will adjust colors by a manual spray painting technique to achieve a higher-quality finish. A self-restoring clear coat that self-repairs small scratches will be used with the custom colors as well as the usual colors.

The new exterior colors can be combined with three new interior colors: white, black, and gold. All three colors create a sophisticated image in combination with the leather seats.

New turbo engine

The 2.0-liter direct-injection turbo engine (8AR-FTS) included for the first time on the Athlete series achieves outstanding acceleration performance at low and medium speeds.

The engine pairs a twin-scroll turbocharger with a cylinder head that uses an integrated water-cooled exhaust manifold to achieve excellent supercharge efficiency. This enables adaptive intake cooling that is not affected by the engine's thermal load, resulting in maximum torque between 1,650 rpm and 4,400 rpm. Additionally, responsive yet smooth acceleration is achieved using Toyota's 8 Super ECT and Driving Response and Acceleration Management System (DRAMS) with all-new controls.

Advanced D-4ST (Direct-injection 4 stroke gasoline engine Superior version with Turbo) technology creates an ideal air-fuel mixture and achieves maximum efficiency high-speed combustion.

In addition, Dual VVT-iW (Variable Valve Timing-intelligent Wide) technology optimally controls intake and exhaust valve timing, allowing the engine to run on the Atkinson cycle(2), while efficiency is further improved through the use of a Stop & Start System idling-stop function. Vehicles equipped with the 8AR-FTS engine boast a fuel efficiency of 13.4 km/L under the Japanese Ministry of Land, Infrastructure, Transport and Tourism's JC08 test cycle.

Outstanding basic performance as a luxury sedan

By using structural adhesive and increasing the number of spot welding points to 90, Toyota has made improvements to the Crown's manufacturing process that have led directly to enhanced driving comfort and steering responsiveness.

Additionally, shock absorbers and bushings have been tuned. Adaptive Variable Suspension System (AVS) and Electric Power Steering (EPS) control systems improvements have been implemented, leading to greater steering accuracy and road grip when cornering.

ITS Connect

The Crown will be the world's first1 mass-market vehicle to offer a driver assist function that uses a dedicated ITS frequency. The package, named ITS Connect, uses Japan's standardized ITS frequency of 760 MHz to receive and share data transmitted by external infrastructure and other vehicles. This kind of data often cannot be picked up by onboard sensors.

Vehicle-to-infrastructure (V2I) communication

Right-turn Collision Caution

While waiting to turn right at an intersection fitted with the appropriate equipment, drivers are warned by an audio and visual alert if they take their foot off the brake and start to move forward when there are potential hazards the driver may not have noticed.

Red Light Caution

When approaching an intersection fitted with the appropriate equipment, if the signal is red and the driver does not ease off the accelerator, the system will warn the driver with an audio and visual alert.

Signal Change Advisory

When stopped at a red light at an intersection fitted with the appropriate equipment, a display counts down the remaining time until the traffic light changes.

Vehicle-to-Vehicle (V2V) Communication

Communicating Radar Cruise Control

The system responds almost instantaneously to the acceleration and deceleration of other vehicles equipped with Communicating Radar Cruise Control. This allows two or more vehicles to maintain a safe distance and minimize speed fluctuations, smoothing out traffic flow.

Emergency Vehicle Notification

When an ambulance equipped with a compatible communication device is sounding its siren nearby, the system notifies the driver with an audio alert and displays the approximate location and distance of the emergency vehicle, as well as the direction in which it is moving.

Other safety features

Blind Spot Monitor

The Blind Spot Monitor uses radar to detect vehicles traveling alongside that are present in the side mirror's blind spot while driving. The side mirror's LED indicator will light up or flash to warn the driver.

Intelligent Parking Assist

Intelligent Parking Assist (with Easy Set function, Parking Space Confirmation function, and Handle Select function) is available.

(1) As of October 2015, according to Toyota data

(2) Combustion cycle in which thermal efficiency is improved by making the expansion ratio larger than the compression ratio, thereby improving fuel efficiency

About Toyota

Supported by people around the world, Toyota Motor Corporation (TSE: 7203; NYSE: TM), has endeavored since its establishment in 1937 to serve society by creating better products. As of the end of December 2013, Toyota conducts its business worldwide with 52 overseas manufacturing companies in 27 countries and regions. Toyota's vehicles are sold in more than 170 countries and regions. For more information, please visit www.toyota-global.com.

Contact:
Toyota Motor Corporation Public Affairs Division Global Communications Department Tel: +81-3-3817-9926

Copyright 2015 JCN Newswire. All rights reserved. www.jcnnewswire.com

Differ Group Announces Acquisition of Finance Lease Company in PRC

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HONG KONG, Oct 1, 2015 - (ACN Newswire) - Differ Group Holding Company Limited ("Differ Group" or the "Group") (HK:6878), a leading provider of short to medium-term financing and financing-related solutions in China, has entered into an Acquisition Agreement with Jiashi Company Limited (the "Vendor"). The wholly-owned subsidiary of the Group, Differ Financial Limited ("Differ Financial" or the "Purchaser"), has conditionally agreed to acquire and the Vendor has conditionally agreed to sell the (i) Sale Shares, representing the entire issued share capital of Jiashi Development Limited (the "Target Company") as at Latest Practicable Date, and (ii) the Sale Loan, representing all obligations, liabilities and debts owing by the Target Company to the Vendor on or at any time prior to Completion. According to the Agreement, the aggregate Consideration for the Sale Shares and Sale Loan is RMB103,979,000 (equivalent to approximately HK$126,803,658.54).

Mr. Hong Mingxian, Chairman of Differ Group, said, "The Target Group is principally engaged in the provision of finance lease and consulting services in the PRC. With the Target Group's extensive experience in the finance lease business, in particular, in (i) tourism; (ii) distant marine fisheries industry; and (iii) car leasing to individuals, we believe that it will enlarge the Group's scope of finance lease business and expand customer base. In addition, it will enable the Group to gain access to the know-how, experience and talented personnel with such specialised skills and knowledge.

"Further, the Group will be able to leverage on the good relationships with financial institutions and banks established by the Target Group to explore further cooperation opportunities as well as to develop other finance lease business of the Group. We believe that the Acquisition will be a propelling force for the Group to be one of the leading market players in the finance lease business in Fujian province, the PRC and will bring an additional source of revenue to the Group, thereby increase the competitiveness of the Group in the market and further extend the diversity of business development so as to build a comprehensive financing platform."

About Differ Group

Headquartered in Xiamen, Differ Group Holding Company Limited (HK:6878) mainly provides short to medium-term financing and financing-related solutions to SMEs. The Group mainly provides six types of financing services, including (1) financial guarantee services, (2) pawn loan services, (3) finance lease services, (4) entrusted loan services, (5) financial consultation services and (6) distressed asset management ("NPL"). The Group has been granted a money lender's licence in Hong Kong during November 2014. The Group has continued to report remarkable business results. Its annual income and profit in 2014 soared by 55.2% and 81.5% respectively. The Group is seeking to develop new businesses such as P2P loans and network microfinance to broaden its income stream. Differ Group was listed on the GEM Board of the Hong Kong Stock Exchange on 9 December 2013 and has since transferred its listing to the Main Board on 6 July 2015. Please visit its website: http://www.dfh.cn/

Contact:
Strategic Financial Relations Limited Heidi So +852 2864 4826 heidi.so@sprg.com.hk Angel Li +852 2864 4859 angelok.li@sprg.com.hk Fiona Ching +852 2114 4911 fiona.ching@sprg.com.hk Fax: +852 2804 2789 / +852 2527 1196

Copyright 2015 ACN Newswire. All rights reserved. www.acnnewswire.com

Hitachi Soe Electric & Machinery Begins Operations

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TOKYO, Oct 1, 2015 - (JCN Newswire) - Hitachi Industrial Equipment Systems Co., Ltd. ("HIES") and Soe Electric & Machinery Co., Ltd. ("SEM") completed a formal contract on July 7, 2015, for the establishment of Hitachi Soe Electric & Machinery Co., Ltd. ("Hitachi SEM"), a joint venture company handling transformers for power systems and power distribution in the Republic of the Union of Myanmar. Authorizations have been obtained from the relevant authorities, and business operations at Hitachi SEM begin on October 1.

HIES and SEM have been involved in technical collaborations related to amorphous transformers(1) since 2012, and have formed a cooperative relationship in the field of engineering. They agreed to establish the joint venture company in order to further strengthen this collaborative relationship. Hitachi SEM takes over SEM's transformer business as of today, and will undertake the design, manufacture, sales, installation, and maintenance of power transmission and distribution equipment in Myanmar, with a particular focus on transformers for power system and power distribution applications.

The electric power demand in Myanmar has been increasing rapidly in the backdrop of economic development in recent years, and it is considered a major issue to establish power infrastructures to support this demand. Because power shortages are a serious hindrance to industrial development, Myanmar is currently focusing efforts on putting in place power generation facilities as well as power transmission and distribution networks. This has led to an increased demand for power transformation and distribution facilities, including high-quality transformers that support the stable supply of electric power.

Through establishing Hitachi SEM, HIES and SEM will combine SEM's strong business base in Myanmar with HIES's transformer design and manufacturing technologies to enhance the product lineup and expand market share by further strengthening the business, while at the same time promoting the rollout of export business targeting ASEAN countries close to Myanmar. In addition, by enhancing design and manufacturing capabilities for power transformers, they will strive to increase the ratio of local production in Myanmar for these transformer products, many of which are currently being imported from overseas.

HIES and SEM will contribute to putting in place reliable electric power infrastructures in Myanmar through Hitachi SEM.

Comments from Kyaw Min Htun, Vice Chairman, Hitachi SEM

"Myanmar is currently in the midst of rapid economic growth, and the implementation of power system infrastructures, which will serve as a base for that growth, has become an urgent issue. By incorporating Hitachi's technologies and extensive experience into SEM's strong business base in Myanmar, we will accelerate contributions to Myanmar's power system infrastructures and industrial development. Furthermore, this joint venture company will contribute to fostering human resources in Myanmar, by providing promising Burmese manpower, who in the past had tended to leave for other countries, with opportunities to become involved in cutting-edge technologies and management within Myanmar."

Comments from Katsutoshi Inagaki, Managing Director, Hitachi SEM

"I am extremely pleased that Hitachi SEM began its business operations today. The Hitachi Group has been handling transformers and other power transmission and distribution equipment for many years, contributing to the maintenance and development of power system infrastructures not only in Japan, but in countries throughout the world. SEM, meanwhile, boasts overwhelming experience and trust as a top level transformer manufacturer in Myanmar. Through this joint venture company, we will combine the strengths of both companies to support the implementation of power system infrastructures in Myanmar and surrounding countries, where demand is expected to increase rapidly in the future."

(1) Amorphous transformers: Transformers that use amorphous alloys in the steel core, which is wrapped in a coil that carries the electricity. Amorphous transformers can dramatically reduce standby power consumption compared to conventional transformers that use silicon sheets, thereby increasing power distribution efficiency.

About Mitsubishi Heavy Industries

Mitsubishi Heavy Industries, Ltd. (TSE: 7011, 'MHI'), headquartered in Tokyo, Japan, is one of the world's leading heavy machinery manufacturers. MHI's diverse lineup of products and services encompasses shipbuilding, power plants, chemical plants, environmental equipment, steel structures, industrial and general machinery, aircraft, space rocketry and air-conditioning systems. For more information, please visit the MHI website at www.mhi.co.jp.

Contact:
Hitachi Ltd Corporate Communications Tel: +81-3-3258-1111

Copyright 2015 JCN Newswire. All rights reserved. www.jcnnewswire.com

Johnson Controls and Hitachi Complete Global Air Conditioning Joint Venture

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TOKYO, Oct 1, 2015 - (JCN Newswire) - Johnson Controls, (NYSE: JCI), Hitachi, Ltd. (TSE: 6501) and Hitachi Appliances, Inc. today announced the companies have completed their global joint venture agreement and will immediately commence operations of Johnson Controls-Hitachi Air Conditioning to provide global customers with a full range of world class air conditioning products and technology.

Through the agreement, Johnson Controls has acquired a 60 percent ownership stake of the new entity, which has more than 350 billion yen in sales annually (approximately $2.8 billion). Hitachi Appliances retains ownership of the remaining 40 percent of the company.

The joint venture has approximately 14,000 employees and 24 global locations dedicated to design, engineering and manufacturing throughout Asia, Europe and Latin America. It will build on both organizations' technology, research and development leadership, as well as expanding marketing channels.

Customers globally will now have the most diverse range of air conditioning products in the industry, including Hitachi's world-class variable refrigerant flow systems, residential air-conditioning solutions, high-efficiency chillers and leading-edge rotary and scroll compressors - in addition to Johnson Controls' industry leading HVAC and building automation solutions.

The joint venture's management team will be led by Franz Cerwinka, chief executive officer, and Shinichi Iizuka, chief operating officer and president. Cerwinka has 20 years of experience with Johnson Controls, including four years in Japan as vice president of finance with the company's automotive business and work with more than ten joint ventures. Iizuka has been with Hitachi for over 35 years, having spent eight years in India as the president of Hitachi Home & Life Solutions India Ltd. He has led Hitachi's air conditioning business since 2013.

"We are very pleased to start operations and are anxious to serve our customers with an unmatched global network of channels and technology," said Cerwinka. "Johnson Controls and Hitachi are a perfect match with our complementary product lines, unparalleled brands and rich 100-year histories."

"I have spent my career with Hitachi and know that combining with Johnson Controls will propel us forward to outperform the competition," added Iizuka. "Just as Hitachi and Johnson Controls have each made innovation the foundation of their separate success, innovation will now be the cornerstone of Johnson Controls - Hitachi Air Conditioning's success."

Johnson Controls is a global multi-industrial company with 130 years of history in supplying heating, ventilation, air-conditioning, building controls, refrigeration and security systems for buildings. Through its Building Efficiency business, the company delivers solutions that increase energy efficiency and lower operating costs for over a million customers who are served through nearly 700 offices in more than 150 countries. Through a previous OEM agreement, Johnson Controls has already begun selling Hitachi Variable Refrigerant Flow (VRF) systems in North America and recently opened a VRF training center in Dallas, Texas.

A global home appliances and air conditioning solutions provider, Hitachi Appliances, supplies high quality, efficient and reliable Hitachi's HVAC products from residential room air conditioning to variable refrigerant flow systems, and other air conditioning equipment for commercial and industrial use. Hitachi Appliances will continue to provide Hitachi branded HVAC products in the Japanese market after this transaction.

About Johnson Controls

Johnson Controls is a global diversified technology and industrial leader serving customers in more than 150 countries. Our 130,000 employees create quality products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles; and seating components and systems for automobiles. Our commitment to sustainability dates back to our roots in 1885, with the invention of the first electric room thermostat. Through our growth strategies and by increasing market share we are committed to delivering value to shareholders and making our customers successful. In 2015, Corporate Responsibility Magazine recognized Johnson Controls as the #14 company in its annual "100 Best Corporate Citizens" list. For additional information, please visit http://www.johnsoncontrols.com or follow us @johnsoncontrols on Twitter

About Hitachi

Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society's challenges with our talented team and proven experience in global markets. The company's consolidated revenues for fiscal 2013 (ended March 31, 2014) totaled 9,616 billion yen ($93.4 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes infrastructure systems, information & telecommunication systems, power systems, construction machinery, high functional materials & components, automotive systems, health care and others. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.

Contact:
Hitachi Ltd Corporate Communications Tel: +81-3-3258-1111

Copyright 2015 JCN Newswire. All rights reserved. www.jcnnewswire.com

Garuda Indonesia Inaugurates GMF 'Hangar 4', World's Biggest Narrow Body Hangar

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The construction of GMF's Hangar 4, completed entirely by Indonesians, is built on a 66.940 m2 area with 64.000m2 available for production area and 17.600 m2 allocated for office space. It can accommodate 16 narrow body aircraft in a parallel formation, with heavy and light maintenance, winglet modification, structure repairs, interior modifications, painting and other maintenance available.
JAKARTA, Oct 1, 2015 - (ACN Newswire) - As a continuous business expansion program, designed to cope with the increased demands in narrow body aircraft maintenance, Garuda Maintenance Facilities (GMF) AeroAsia, a subsidiary of Garuda Indonesia, has completed the construction of Hangar 4, the world's biggest narrow body aircraft hangar with a maintenance capacity of up to 16 narrow body aircraft including one bay for aircraft painting.

GMF's Hangar 4 was oficially launched on September 28, by Indonesian State-owned Enterprise Minister, Rini M. Soemarno, accompanied by the President and CEO of Garuda Indonesia, M. Arif Wibowo, at the GMF AeroAsia area in Soekarno-Hatta International Airport, Jakarta, Indonesia.

Minister Rini M. Soemarno explained that Hangar 4 is expected to not only provide stronger support for the Garuda Indonesia Group's main business, but also to increase the company's revenue. "Hangar 4 will strengthen the position of GMF as a global player in the world's Maintenance Repair and Overhaul (MRO) industry," she added.

Garuda President & CEO M. Arif Wibowo stated that the increased capacity of GMF, with Hangar 4, is an example of concrete support from GMF AeroAsia, as a subsidiary, for Garuda Indonesia's sustainable business expansion program. "By the year 2020, the Garuda Indonesia Group will eventually operate a total of 241 aircraft. Also, Hangar 4 is a strategic initiative of GMF AeroAsia in seizing a large portion of the narrow-body aircraft maintenance market in Asia Pacific, which is forecast to become market leader in the MRO business, and furthermore, becoming a market leader for the largest aircraft maintenance business over the next five years," Arif added.

In the midst of rapid growth and expansion in Indonesia's aviation industry, the presence of Hangar 4 marks a new business opportunity and prospective investment to reinforce the national MRO industry. Supported by thousands of highly skilled workers, Hangar 4 is expected to optimally support both local and international airlines to comply with the global aviation safety standard as well as the accesibility of spare parts requirements.

The President & CEO of GMF AeroAsia, Richard Budihadianto, explained that the concept of Hangar 4 is "The Butterfly", consisting of two wings, with an office area and workshop in middle of the Hangar. "This concept comes from the willingness to have a Hangar with an international standard and a futuristic design. From the operational aspect, Hangar 4 GMF AeroAsia is highly effective because aircraft movement will be more flexible," he added.

"The unique design of Hangar 4 is evidenced by the implementation of an eco friendly concept. This ecofriendly building concept is GMF's responsibility to the earth. This concept is contained in the special construction of the Hangar, such as skylights on the roof and Panasap Glass on the walls of the Hangar to help optimize natural sunlight, the second floor's (office), has a curtain wall with laminated glass to maximize light circulation for a modern and transparent look, aluminum ceilings minimize air turbulence, while the roof has been designed to allow water to drain easily and therefore reduce the impact on the facade. Hangar 4 uses Metal Halide lamps to create white light and low electricity consumption," said Richard.

The whole construction of GMF's Hangar 4 was completed by Indonesians and this Hangar was built on a 66.940 m2 area with 64.000m2 available for production area and 17.600 m2 allocated for office space. Hangar 4 has the capability to maintain 16 narrow body aircraft at one time and one bay is also dedicated for aircraft painting. GMF's Hangar 4 can accommodate 16 narrow body aircraft in a parallel formation, with heavy and light maintenance, winglet modification, structure repairs, interior modifications, painting and other maintenance available.

GMF's Hangar 4 utilization will be completed in phases and is therefore expected to reach its full capacity (16 slots operationalized) in 2018. By 2016, GMF has predicted it will hace completed 209 maintenance projects, which will then increase by the next year to 250 maintenance projects, with 313 maintenance projects expected by 2018.

With the addition of the maintenance capacity of aircraft, it is then projected that the amount of man power involved in aircraft maintenance work plan in 2016 will amount to 121 persons, in 2017 as many as 179 persons and by 2018 as many as 238 persons. In other words, GMF will create many new job opportunities with as many as 438 persons within the next three years.

GMF's Hangar 4 utilization will be completed in phases and will reach its full capacity in 2018. Currently, GMF has 167 projects for narrow body aircraft and it is estimated this will increase from 167 to 313 projects or an increase of 87 percent by 2018. The increase in projected revenues from the GMF's Hangar 4 is set at USD 86 million or 150 percent of the existing income. "Currently, the income of the capacity of the existing narrow body hangar is equal to USD 57 million, so with this new hangar, in 2018, GMF's revenue is projected to rise to USD 143 million," Richard said.

About PT Garuda Indonesia (Persero) Tbk.

Presenting a new level of service excellence in air travel, Garuda Indonesia, the national airline of Indonesia, seamlessly connects more than 75 destinations worldwide to not only one of the largest economies in Southeast Asia, but also an array of exotic locations in the beautiful archipelago of Indonesia all at once. With close to 600 daily flights and a fleet of 174 aircraft with the average age of which is less than five years old, Garuda Indonesia proudly serves its passengers with the award-winning "Garuda Indonesia Experience" service, which highlights Indonesia's warm hospitality and rich diverse culture.

The airline continuously strives, through its ongoing transformation program, to provide better and more convenient services with one of the youngest fleets in the sky, which should grow to around 190 aircraft by 2015. The progress of Garuda Indonesia's transformation program can be seen from achieving a Skytrax's 5-star airline rating, one of the world's 10 best airline, as well as winning the prestigious "The World's Best Cabin Crew" award for two consecutive years in 2014 and 2015, and "The World's Best Economy Class" award in 2013, also from Skytrax. Garuda Indonesia is a member of SkyTeam, the global airline alliance with 20 members, providing access to an extensive global network with over 16,320 daily flights to 1,052 destinations in 177 countries.

Garuda Indonesia is listed on the Indonesian Stock Exchange [IDX:GIAA]. For further information, please log on to www.garuda-indonesia.com, follow @IndonesiaGaruda on Twitter, like our Facebook page at PT.GarudaIndonesia, or subscribe to youtube.com/GarudaIndonesia1949.

Contact:
PT Garuda Indonesia Corporate Communications Email: corpcomm@garuda-indonesia.com PT GMF AeroAsia Corporate Secretary Email: aryo@gmf-aeroasia.co.id

Copyright 2015 ACN Newswire. All rights reserved. www.acnnewswire.com

Fujitsu and TechShop Establish TechShop Japan, a Member-Based, Open-Access Workshop for DIY

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TOKYO, Oct 1, 2015 - (JCN Newswire) - Fujitsu Limited and TechShop, Inc., an operator of eight membership-based, open-access DIY workshops and fabrication studios around the US(1), announce that today they have established TechShop Japan Limited and revealed details on location and timing of the first facility of its kind in Asia.

A driving force behind the maker movement(2), TechShop is a membership-based, open-access DIY workshop, equipped with professional-quality laser cutters, 3D printers, sewing machines, and metal and woodworking tools, making it easy for people to give form to their ideas. It also acts as an innovation hub, bringing together companies, ranging from startups to major corporations, as well as entrepreneurs, creators, students, investors, and local communities to engage and interact.

TechShop Tokyo, slated to open in the Ark Mori building in Minato-ku in early 2016, will be the first TechShop location to open in Asia. This is the outcome of a strategic partnership between TechShop and Fujitsu, aimed at promoting the maker movement.

This location will utilize professional-quality tools and the latest information and communication technology (ICT) in an expansive facility. It aims to create an open, community-based ecosystem where members can collaborate to refine their ideas and pursue their business goals.

Reason for Establishing TechShop Japan

Fujitsu and TechShop, having a common vision of a society in which diverse people share knowledge and expand their imaginations to make new things, began a strategic partnership in 2014. The two companies are now taking this partnership a step further by establishing TechShop Japan, which aims to help create new projects and to support and expand businesses in Japan through open innovation.

About the Company

1. Company name: TechShop Japan Limited
2. Date established: October 1, 2015
3. Head office: Minato-ku, Tokyo (workshop: Ark Mori Bldg, 3F, 1-12-32, Akasaka, Minato-ku, Tokyo)
4. President & Representative Director: Shoichi Arisaka
5. Capital: JPY 100 million
6. Shareholder: Fujitsu Limited (100%)
7. Lines of business:
- Operating a membership-based, do-it-yourself workshop (equipped with laser cutters, 3D printers, metal and woodworking tools, and sewing machines)
- Education, sales, events, conference-room rentals, etc.
- Small-lot production and sales, contract manufacture, support for launching businesses

Facility

TechShop Japan, the first location in Asia, is to open in early 2016 in the Ark Mori Building, Minato-ku Tokyo. On October 1, 2015, a Facebook page will be launched describing TechShop Tokyo's services and facilities, and providing information for prospective members. Along with providing training and services on par with TechShop in the US, TechShop Tokyo will build on the latest Fujitsu ICT and manufacturing support.

Comment from Hiroyuki Sakai, Corporate Executive Officer EVP, Fujitsu Limited

"At Fujitsu we believe that anyone, when provided with an empowering environment, can generate innovation. By establishing and operating TechShop Japan, Fujitsu will provide an environment in which people can get together and generate open innovation. Fujitsu will contribute both as an ICT company and a manufacturer, creating an environment that fosters the co-creation of ideas utilizing our latest ICT and helping to bring prototypes to mass production. Making full use of a variety of work tools and people's creativity, Fujitsu will support the generation of innovation for society."

Comment from Mark Hatch, CEO, TechShop

"TechShop's mission is to help drive global innovation by engaging, enabling and empowering everyone to build their dreams. By helping to establish TechShop Japan today with TechShop Tokyo, we're realizing that global mission and I'm proud to see the maker movement - with its focus on innovation and accessibility and opportunity for all - embraced and executed with the support of our partners at Fujitsu."

What Is TechShop?

A driving force behind America's maker movement, TechShop, a membership-based, open-access DIY workshop, was established in 2006 and currently operates eight locations around the US, with 6,000 members. TechShop facilities are equipped with professional-quality laser cutters, 3D printers, sewing machines, and metal and woodworking tools, making it easy for people to give form to their ideas, and bringing together companies, ranging from startups to major corporations, as well as entrepreneurs, creators, students, investors, and local communities in a place where open innovation happens every day.

For More Information

- December 8, 2014 press release: "TechShop and Fujitsu Partner to Empower Maker Movement"
- TechShop Japan Facebook

(1) Eight workshops around the US

Menlo Park CA, San Francisco CA, San Jose CA, Detroit MI, Austin TX, Pittsburgh PA, Chandler AZ, Washington DC.

(2) Maker movement

Defined by the journalist Chris Anderson, author of Makers, as digital manufacturing using digital files, CAD, and 3D printers.

About Fujitsu Ltd

Fujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Approximately 162,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.8 trillion yen (US$46 billion) for the fiscal year ended March 31, 2014. For more information, please see www.fujitsu.com.

Contact:
Fujitsu Limited Public and Investor Relations Tel: +81-3-3215-5259 URL: www.fujitsu.com/global/news/contacts/ Fujitsu Laboratories Ltd. ICT Systems Laboratories Server Technologies Lab E-mail: Retimer_ISSCC2015@ml.labs.fujitsu.com

Copyright 2015 JCN Newswire. All rights reserved. www.jcnnewswire.com

New Alcatel-Lucent Enterprise Office and Innovation Facility Opens in Singapore, Commits to Driving Business Growth in the Region

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Asia Pacific, Oct 1, 2015 - (ACN Newswire) - Singapore ALE Pte Ltd today announced the opening of its new office and innovation facility in Singapore - one year after ALE separated from parent company Alcatel-Lucent in October 2014. The new office and innovation facility will provide ALE new opportunities to deliver specialized solutions tailored to the Asia Pacific region.

As part of ALE's commitment to innovation, an investment of US$1mn was invested into creating the research and testing facility in Singapore. The innovation facility will serve as a prime test bed for ALE's latest networking and communications solutions, aimed at delivering the personalized connected experience to empower businesses in the region for success. This centre is equipped to accomplish the following: Unified Access, OpenTouch, Network Analytics, iFab (Intelligent Fabric), OpenTouch Notification (OTNS), Hospitality - Mobile Guest Solutions, Smart Guest Application amongst other solutions.

Development at the centre will focus on:

- Solutions that deliver connected experiences - The real value for customers and their end users is when technology enables them to easily use it and connect how/when/where they want to.

- Innovation that drives business growth - Every business investment is defined by its outcome. Technology must help businesses grow and achieve tangible business outcomes.

- Open collaboration for shared success - Successful technology integration, operation and outcome requires true collaboration between people and organizations. Shared success for those that deploy, manage and use technology is achieved through an outcome-based approach.

"ALE was searching for a solid ground to establish its innovation hub in the region. With Singapore investing heavily in Information and Communication Technology (ICT) and amidst plans to become the world's first smart nation, we saw this country as a natural fit for us to set up base. We expect to do more for businesses with our award winning Alcatel-Lucent Enterprise technology, as well as expand our market presence in the region," said Matthieu Destot, Vice-President of Sales, Asia Pacific, ALE.

Key to driving the growth in this reqion is centered on several areas:

- Businesses in the Asia Pacific region (excluding Japan) are set to spend over US$1 billion in Software-Defined Networking (SDN) by 2018. As a result, a goal for SDN to account for 20 per cent of ALE's Asia-Pacific revenue has been set in motion.

- The Small/Medium Business (SMB) Market is a critical part of the Asia Pacific Market landscape. In June, 2015, ALE pioneered a Champion League program to drive sales of the Alcatel-Lucent OpenTouch Suite for SMB across the APAC region, with a goal to increase revenues by $20mn.

- Focus on specific verticals, which will play a significant contributing role to the growing economies in the region. In July this year, ALE announced the creation of a global Travel, Hospitality and Leisure Solution Business Unit to achieve its goals of being one of the top three global players in the hospitality IT sector over the next three years. The unit delivers outcome based technology solutions for the hospitality industry; ones that enable guests to use their mobile services to access hotel services, and control the environment in their hotel rooms for more a personalized guest experience. Other verticalized units will be developed as ALE continues on its ambition to deliver solutions tailored to specific markets.

"2015 has been a year of phenomenal growth for us, since we gained our independence from our parent company. We are on track to double our revenue in 5 years. We have been able to deliver on the innovation and customized solutions which our customers needed, and look forward to jointly work with our business partners to grow alongside our customers in the years ahead," said Matthieu.

More information on Alcatel-Lucent Enterprise's one year milestone is available here. http://bit.ly/1O4ngq2

About us

Our company is a leading provider of enterprise communications solutions and services, from the office to the cloud, marketed under the Alcatel-Lucent Enterprise brand. Building on our established heritage of innovation and entrepreneurial spirit, we operate globally with 2700+ employees in 100+ countries worldwide, with headquarters near Paris, France.

With communications, networking and cloud solutions for business of all sizes, our team of technology experts, service professionals, and 2900+ partners serves more than 830,000 customers worldwide, tailoring and adapting our solutions and services to local requirements. This provides tangible business outcomes through personalized connected experiences for customers and end users. http://enterprise.alcatel-lucent.com/

Press Contacts
Tracy Dupree
tracy.dupree@alcatel-lucent.com
T: +1 818 878 4408

Ogilvy PR Press Contact
Chua Wei Wei
weiwei.chua@ogilvy.com
T: +65 9833 2654


Copyright 2015 ACN Newswire. All rights reserved. www.acnnewswire.com

StatPro Revolution Wins 'Best Provider of Risk Solutions' Award

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Milan, Italy, Oct 1, 2015 - (ACN Newswire) - StatPro Group plc (AIM: SOG), the AIM listed provider of cloud-based portfolio analysis for the asset management industry; today announced that it has won the 2015 'Best Provider of Risk Solutions Italy' (Fornitore Di Servizi Di Gestione Del Rischio Dell-Anno) by European Pensions Magazine. StatPro Revolution was chosen by a judging panel comprising experts in the pension fund industry.

StatPro Revolution is well-known in the Italian pension fund market, with many funds using the platform either directly or through third party providers. Adding to StatPro's recent awards for risk and performance analysis, this accolade recognizes StatPro Revolution as a trusted risk solutions provider.

Key features of StatPro's multi-asset class risk management solution include a complete set of absolute and relative risk metrics, a wide array of stress tests and award winning compliance monitoring for regulated funds.

Dario Cintioli, Managing Director StatPro said, "We are delighted to receive the 2015 European Pensions Award, recognizing our commitment to delivering innovative risk solutions. Building upon expertise and methodologies developed during years of creating award winning risk measurement products, StatPro Revolution enables clients to demonstrate their ability to manage risk across multiple asset classes."

About StatPro

StatPro is a global provider of award winning portfolio analytics solutions for the investment community. The Group's cloud-based platform provides vital analysis of portfolio performance, attribution, risk and compliance. This multi asset-class analytics platform helps StatPro's clients increase assets under management, improve client service, meet tough regulations and reduce costs. The Group's integrated and global data coverage includes over 3.2 million securities such as equities, bonds, mutual funds, FX rates, futures, options, OTCs, sector classifications and much else besides. StatPro also covers most families of benchmarks including MSCI, FTSE, Russell, NASDAQ and the open source Freedom Index.

StatPro has grown its recurring revenue from less than GBP 1 million in 1999 to around GBP 29 million at 30 June 2015. StatPro floated on the main market of the London Stock Exchange in May 2000 and transferred its listing to AIM in June 2003. The Group has operations in Europe, North America, South Africa, Asia and Australia, and approximately 500 clients in 37 countries around the world. Approximately 80% of recurring revenues are generated outside the UK. www.statpro.com

Contact:
info@statpro.com

###

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: StatPro Inc. via Globenewswire


Copyright 2015 ACN Newswire. All rights reserved. www.acnnewswire.com

Decorated Paralympian Joins Staff at Mitsubishi Corporation

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TOKYO, Oct 1, 2015 - (JCN Newswire) - Mitsubishi Corporation (MC) is pleased to announce that blind marathoner and Paralympic athlete Yuichi Takahashi has joined the staff at its Tokyo headquarters.

Takahashi, formerly employed to IT Frontier (now Tata Consultancy Services Japan), is well known for his successes in international long-distance competitions. In May 2004, he clocked a world-record time of 2 hours, 37 minutes and 43 seconds at the Kasumigaura International Blind Marathon in Ibaraki, Japan, and went on to capture a gold medal in the men's marathon at the Paralympic Games in Athens later that year.

Takahashi also dedicates much of his time to social contribution activities. He is currently a goodwill ambassador for MC's "DREAM AS ONE." project, which was launched in October 2014 to help raise awareness about and promote understanding of para-sports.

At MC, Takahashi will focus mainly on assisting the company with its efforts in support of para-sports, including participating in events and delivering lectures in his capacity as goodwill ambassador, while at the same time continuing to pursue his passion for participating in international competitions.

Takahashi says he is "delighted to become a member of staff at a company that supports para-sports." "With everyone's backing," he adds, "I intend to take on even more challenges going forward."

Working together with Takahashi, MC remains committed in its efforts to help raise the profile of para-sports.

About Mitsubishi Corporation

Mitsubishi Corporation (MC; TSE: 8058) is a global integrated business enterprise that develops and operates businesses across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. MC's current activities are expanding far beyond its traditional trading operations as its diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods. With over 200 bases of operations in approximately 80 countries worldwide and a network of over 500 group companies, MC employs a multinational workforce of nearly 60,000 people. For more information, please visit www.mitsubishicorp.com.

Contact:
Mitsubishi Corporation Telephone: +81 3 3210 2171 Facsimile: +81 3 5252 7705

Copyright 2015 JCN Newswire. All rights reserved. www.jcnnewswire.com

JWD Infologistics (SET: JWD) Penetrates CLMV Logistics Markets to Become Asean's Leading Logistics Supplier

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BANGKOK, Oct 1, 2015 - (ACN Newswire) - JWD Infologistics (SET: JWD), a leading supplier of a full range of land-based logistics services that joined the SET on 29 September 2015, is building general and cold chain warehouses in Cambodia, Myanmar and Laos to cater to demands in the growing food retail markets there, and seeks to secure leadership in Asean's logistics industry. It is looking to form partnerships to expand its business and is confident that the AEC introduction will help raise the level of demand for logistics services.

Mr Chavanin Bunditkitsada, Chairman of the Executive Committee and Chief Executive Officer of JWD, expressed confidence of a warm welcome of its 120,000,000 listed shares of stock (par value: THB 0.50), which has become tradable on the stock market under the ticker symbol "JWD" on 29 September, following a highly successful initial public offering with a subscription price of THB 11 each, between 21 and 23 September 2015.

JWD has been in the logistics business for more than 35 years. Its five business segments include 1) warehousing and management of general and dangerous goods, automobiles and parts and goods requiring cold storage; 2) inland and cross-border transportation of goods; 3) local and international removal for individual and corporate clients; and 5) other services (i.e. building and warehouse rental and information technology system development). Its strength lies in a 30-year concession that makes it the exclusive supplier of warehousing and management services for dangerous goods at Laem Chabang seaport. All inbound and outbound dangerous goods at the port must be processed through its warehouse.

The funds raised from the IPO will be used to finance construction of warehouses both domestically and internationally. Any balance will be utilised as the company's working capital. JWD is building general warehouses and cold chain warehouses, which occupy an aggregate area of 6,490sq.m., in Myanmar, Laos and Cambodia, to respond to demands from the growing food retail markets. In Thailand, it has renovated its existing warehouse at Laem Chabang port to become a 9,000sq.m. containerised warehouse and distribution centre and built a 6,000sq.m. warehouse and distribution centre for separation and loading of dangerous goods onto small trucks, both of which are expected to begin commercial operation in Q1/16.

"We have developed the know-how and gained practical experiences for more than 35 years. We have a competitive edge, thanks to our ability to develop and employ warehouse management software to ensure maximum efficiency. We can also become a leading player in the Asean region, as we are investing in warehouse properties in neighbouring countries and exploring the opportunities to establish equity partnerships or to execute merger and acquisition transactions as a way to enable us to achieve our goals," said Bunditkitsada.

Mr Manpong Senanarong, Managing Director of Kasikorn Securities Public Company Limited, JWD's Financial Advisor and Lead Underwriter, noted that JWD is a company with strong fundamentals and a firm plan to invest internationally, especially in general warehouses and cold chain warehouses in the emerging markets of Cambodia, Myanmar and Laos, where a large number of both Thai and non-Thai business firms have established manufacturing bases and require professional logistics partners to meet their warehousing and delivery needs with speed and efficiency.

JWD's performances over the past three years (2012-14) demonstrate robust growths, with its total revenue jumping from THB 1.675 billion to THB 2.1148 billion and THB 2.2839 billion, successively. The company's total revenue over the first half of 2015 hit THB 1.1726 billion, a 19.91% year-on-year rise. Its interest-bearing debt ratio (as of 30 June 2015) is at a modest level of 1.27, which shows the company's operating efficiency.

"JWD can offer decent returns to investors in the long run. Now in the initial phase of regional expansion, it enjoys a good opportunity to achieve healthy growths going forward. Especially, the introduction of the 10-country Asean Economic Community, or AEC, this yearend will lead to more investments for manufacturing expansion in the region and will contribute to considerable growths in logistics business. Moreover, JWD has expertise in serving clients with sophisticated business structures, another competitive advantage enjoyed by this firm," stated Senanarong.

About JWD Infologistics



Contact:
Released for JWD Infologistics by MasterMind Communications Co Ltd Orn-arong ("Fah") Pattaravejkul Tel: +66 2612 2081 #129 Mobile: +66 8 6884 4458 E-mail: orn_tabo@hotmail.com

Copyright 2015 ACN Newswire. All rights reserved. www.acnnewswire.com

M&A Value Hits $5.1 billion for Strongest Quarter This Year

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NEW YORK, NY, Oct 2, 2015 - (ACN Newswire) - Ninety venture-backed M&A deals were reported in the third quarter, 20 of which had an aggregate deal value of $5.1 billion, increasing 39 percent compared to the second quarter and marking the strongest quarter for M&A exits with disclosed value this year, according to the Exit Poll Report by Thomson Reuters and the National Venture Capital Association (NVCA). Thirteen venture-backed initial public offerings (IPOs) raised $1.7 billion during the third quarter of 2015, a 55 percent decrease, by number of offerings, from the second quarter of this year and 54 percent decline in total amount of dollars raised during the previous three-month period.

"While the number of companies making a public offering during the third quarter was down as a result of market volatility, M&A activity was robust, marking the strongest quarter by disclosed deal value this year. Of the thirteen companies that did make an IPO, more than two-thirds are currently trading above their offering price in the middle of a choppy market, a strong indicator of the quality of venture-backed IPOs," said Bobby Franklin, President and CEO of NVCA. "In addition to market volatility weighing down IPOs, another recent and important trend that has impacted the venture-backed IPO market is the increased activity of both VCs and non-traditional investors making late-stage investments into private companies that might otherwise file for an IPO. While these so-called 'private IPOs' are weighing down the current IPO market, it also means the venture-backed IPO pipeline is deep and we are hopeful exit activity picks up steam in future quarters."

IPO Activity Overview

There were 13 venture-backed IPOs valued at $1.7 billion in the third quarter of 2015. By number of deals, quarterly volume decreased 55 percent from the second quarter of this year and registered a 54 percent decrease, by dollars, compared to the previous quarter.

Led by the biotechnology sectors, ten of the 12 offerings during the quarter were life sciences IPOs, representing more than three-quarters of the total listings in the third quarter.

By location, 11 of the quarter's 12 IPOs were from U.S.-based companies. In the only non-U.S. offering of the quarter, Austria-based Nabriva Therapeutics AG (NBRV) raised $92.3 million on the NASDAQ stock exchange on September 17th.

In the largest IPO of the quarter, Sunrun Inc (RUN), a San Francisco, California-based provider of solar energy, raised $250.6 million and began trading on the NASDAQ stock exchange on August 4th. The company is currently trading 26 percent below its $14 offering price.

Eleven companies listed on the NASDAQ stock exchange during the third quarter, while two listed on the New York Stock Exchange.

Nine of the 13 companies brought to market this quarter are currently trading at or above their offering price. There are 50 venture-backed companies currently filed publicly for IPO with the SEC. This figure does not include confidential registrations filed under the JOBS Act, where many observers believe the majority of venture-backed companies now file.

Mergers and Acquisitions Overview

As of September 30th, 90 venture-backed M&A deals were reported for the third quarter of 2015, 20 of which had an aggregate deal value of $5.1 billion, a 42 percent uptick compared to the overall number of deals reported during the second quarter of this year, and a 39 percent increase, by disclosed deal value.

The information technology sector led the venture-backed M&A landscape with 69 of the 90 deals of the quarter and had a disclosed total dollar value of $3.4 billion. Within this sector, Computer Software and Services and Internet Specific deals accounted for the bulk of the targets with 47 and 17 transactions, respectively, across these sector subsets.

The largest venture-backed M&A transaction during the third quarter was EMC Corp's $1.2 billion million purchase of Virtustream, a Bethesda, Maryland-based provider of enterprise cloud solutions. Infor Inc's $675 million acquisition of Oakland, California-based Gt Nexus Inc ranked as the second largest venture-backed M&A deal during the quarter.

About Thomson Reuters

Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges (symbol: TRI). For more information, go to www.thomsonreuters.com.

About National Venture Capital Association

Venture capitalists are committed to funding America's most innovative entrepreneurs, working closely with them to transform breakthrough ideas into emerging growth companies that drive U.S. job creation and economic growth. As the voice of the U.S. venture capital community, the National Venture Capital Association (NVCA) empowers its members and the entrepreneurs they fund by advocating for policies that encourage innovation and reward long-term investment. As the venture community's preeminent trade association, NVCA serves as the definitive resource for venture capital data and unites its nearly 400 members through a full range of professional services. For more information about the NVCA, please visit www.nvca.org.

CONTACTS

Ben Veghte
NVCA
+1-202-864-5923
bveghte@nvca.org

Ilya Hemlin
Thomson Reuters
+1-646-223-5532
ilya.hemlin@thomsonreuters.com

Press release: http://bit.ly/1YSCV0L

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Thomson Reuters Corporation via Globenewswire


Copyright 2015 ACN Newswire. All rights reserved. www.acnnewswire.com

O-I Announces Third Quarter 2015 Earnings Conference Call and Webcast

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PERRYSBURG, Ohio, Oct 2, 2015 - (ACN Newswire) - Owens-Illinois, Inc. (NYSE: OI) has scheduled its third quarter 2015 conference call and webcast for Wednesday, Oct. 28, 2015, at 8 a.m. EST. The company's news release for the third quarter 2015 earnings will be issued after the market closes on Tuesday, Oct. 27.

What: O-I Conference Call and Webcast
A review of third quarter sales, segment operating profit and earnings per share, including comparisons to prior year, will also be posted on the O-I website, www.o-i.com/investors, when the earnings news release is issued.

When: Wednesday, Oct. 28, 2015, at 8 a.m. EST

Where: http://investors.o-i.com/phoenix.zhtml?c=88324&p=irol-calendar

The webcast will be archived at http://www.o-i.com/investors/ until October 2016.

To participate in the event via conference call, dial 1-888-733-1701 (U.S. and Canada) or 706-634-4943 (International) by 7:50 a.m. EST, on Oct. 28. Ask for the O-I conference call.

About O-I

Owens-Illinois, Inc. (NYSE: OI) is the world's largest glass container manufacturer and preferred partner for many of the world's leading food and beverage brands. The Company had revenues of $6.8 billion in 2014. Following the acquisition of Vitro's food and beverage business, the company now employs approximately 27,000 people at 81 plants in 23 countries. With global headquarters in Perrysburg, Ohio, U.S., O-I delivers safe, sustainable, pure, iconic, brand-building glass packaging to a growing global marketplace. For more information, visit www.o-i.com.

O-I's Glass Is Life(TM) movement promotes the widespread benefits of glass packaging in key markets around the globe. Learn more about the reasons to choose glass and join the movement at www.glassislife.com.

3Q15 O-I Earnings Call and Webcast http://hugin.info/150659/R/1956229/712482.pdf
O-I Logo http://hugin.info/150659/R/1956229/712483.jpg

For more information, contact:
Sasha Sekpeh
O-I Investor Relations
+1-567-336-5128
alexandra.sekpeh@o-i.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Owens-Illinois, Inc. via Globenewswire


Copyright 2015 ACN Newswire. All rights reserved. www.acnnewswire.com

SDK to Offer SiC Epitaxial Wafers with Very Low Defect Density

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TOKYO, Oct 2, 2015 - (ACN Newswire) - Showa Denko (SDK) (TOKYO: 4004) has developed a new grade of silicon carbide (SiC) epitaxial wafers for power devices with very low defect density. SDK will this month start commercial shipments of the new grade, in two different sizes of four inches (100mm) and six inches (150mm) in diameter, under the trade name of "High-Grade Epi ("HGE")".

When compared with the mainstream silicon-based semiconductors, SiC-based power devices can operate under high-temperature, high-voltage, and high-current conditions, while substantially reducing energy loss. These features enable the production of smaller, lighter, and more energy-efficient next-generation power control modules. SiC power devices are already used as power sources of servers for data centers, distributed power supply systems for new energies, and in subway railcars. Demand is expected to grow further as plans have been announced to use SiC power devices in vehicles. Furthermore, efforts are under way to develop SiC-based ultra-high-voltage (10KV class) devices for use in power generation/transmission systems.

Power modules for high-voltage, high-current applications mainly contain devices with the structure of SBD (Schottky barrier diode) and transistors with the structure of MOSFET (metal-oxide-semiconductor field-effect transistor). While SiC is increasingly used in SBD, it is difficult to use SiC in MOSFET. As MOSFET's oxide film, formed on the surface of an epitaxial wafer, is used in device operations, finer surface defect (SD) and various types of crystal defects, including basal plane dislocation (BPD), considerably affect the yield and product quality.

For automotive applications, meanwhile, large chips measuring around 10mm square are made out of epitaxial wafers. This is because one device needs to handle a current as high as 100A. To prevent deterioration in the production yield of such large chips, the defect density of epitaxial wafers should be controlled within 0.1/cm2.

In the new product "HGE," SDK has succeeded in controlling the number of SD within 0.1/cm2 (one-third the current level of SDK's conventional product) and of BPD within 0.1/cm2 (one-hundredth or less compared with conventional product). As a result, it is now possible to almost eliminate device defects attributable to BPD (assuming the use of a 10mm square chip). SDK believes that the new product will greatly contribute to the commercialization and market expansion of "full SiC" power modules that combine SiC-SBD and SiC-MOSFET.

Using the HGE technology, SDK has also succeeded in producing SiC epitaxial wafers with film thickness of 100um or more, having low levels of defect density and good uniformity. SDK will start commercial shipments of these SiC epitaxial wafers for use in power generation/transmission systems. The size of the market for SiC epitaxial wafers for power devices is expected to reach 100 billion yen in 2025. SDK will continue its efforts to meet requirements for higher quality, contributing toward expansion of the market.

Press release: http://www.sdk.co.jp/english/news/14436/14449.html

About Showa Denko

Showa Denko K.K. ('SDK'; TSE: 4004, US: SHWDF) is a major manufacturer and marketer of chemical products serving a wide range of fields ranging from heavy industry to the electronic and computer industries. SDK makes petrochemicals (ethylene, propylene), aluminum products (ingots, rods), electronic equipment (hard disks for computers) and inorganic materials (ceramics, carbons). The company has overseas operations and a joint venture with Netherlands-based Montell and Nippon Petrochemicals to make and market polypropylenes. In March 2001, SDK merged with Showa Denko Aluminum Corporation to strengthen the high-value-added fabricated aluminum products operations, and is today developing next-generation optical communications-use wafers. For more information, please visit www.sdk.co.jp/english/.

Contact:
Public Relations Office Phone: 81-3-5470-3235

Copyright 2015 ACN Newswire. All rights reserved. www.acnnewswire.com

Overview of Honda Exhibit at CEATEC JAPAN 2015

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Power Exporter 9000
TOKYO, Oct 2, 2015 - (JCN Newswire) - Honda Motor Co., Ltd. announced that it will exhibit the world premiere of the planned production model of Power Exporter 9000 at the CEATEC JAPAN 2015. The Power Exporter 9000 is an external power feeding device that enables AC power output from a fuel-cell vehicle (FCV) with maximum output of 9 kW(1). CEATEC Japan is a comprehensive exhibition of cutting-edge IT and electronics, which will be held at Makuhari Messe in Chiba, Japan from Wednesday, Oct. 7 through Saturday, Oct. 10, 2015.

Including Power Exporter 9000, Honda will introduce its lineup of energy management technologies which contribute to the realization of a society where people will "generate" and "use" energy and "get connected" for energy. The exhibit will also include the Honda FCV CONCEPT, a concept car for Honda's all-new FCV.

At a booth under the theme "Honda gets connected," Honda will present a unique form of a "smart community" that only Honda can propose, which includes Honda's original Smart Hydrogen Station (SHS) equipped with a high pressure water electrolysis system to produce hydrogen ("generate"), the all-new FCV concept car ("use") and external power feeding device that enables power to be supplied from FCVs and EVs to homes and other facilities ("get connected").

Moreover, Honda also will present a special exhibit to commemorate the 50th anniversary of Honda generator production. The exhibit will include the introduction of Honda's sine-wave inverter technologies, which is being adopted by the Power Exporter 9000, enabling high-quality electricity output.

Going beyond creating mobility products, Honda has been proactive in making progress in developing technologies for the generation and effective utilization of energy used by mobility products. With this approach, Honda will continue its challenges toward the realization of the joy and freedom of mobility and a sustainable society where people can enjoy life.

(1) Honda internal measurement

About Honda

Honda Motor Co., Ltd. (TSE:7267/NYSE:HMC/LSE:HNDA.L) is one of the leading manufacturers of automobiles and power products and the largest manufacture of motorcycles in the world. Honda has always sought to provide genuine satisfaction to people worldwide. The result is more than 120 manufacturing facilities in 30 countries worldwide, producing a wide range of products, including motorcycles, ATVs, generators, marine engines, lawn and garden equipment and automobiles that bring the company into contact with over 19 million customers annually. For more information, please visit http://world.honda.com.

Contact:
Media Inquiries corporate_pr@hm.honda.co.jp +81-3-5412-1512

Copyright 2015 JCN Newswire. All rights reserved. www.jcnnewswire.com

MHI-MME Receives Order for Waste Heat Recovery Systems (WHRS) to be Installed on 11 Mega Container Carriers of Maersk Line of Denmark

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Image of WHRS
TOKYO, Oct 2, 2015 - (JCN Newswire) - Mitsubishi Heavy Industries Marine Machinery & Engine Co., Ltd. (MHI-MME), a group company of Mitsubishi Heavy Industries, Ltd. (MHI), has received an order from Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) of Korea, for waste heat recovery systems (WHRS) to be installed on eleven 19,600 TEU (twenty-foot equivalent unit) mega container carriers (MCC) being built by DSME for Maersk Line of Denmark. The WHRS on order is MHI-MME's proprietary system for marine use that efficiently generates electric power by maximizing recovery and utilization of exhaust gas waste energy from marine diesel engines. With this order, the cumulative number of WHRS units ordered since the system's market introduction in 2010 has now become 87.

The WHRS is a system that optimally controls exhaust gas turbines and steam turbines, enhancing fuel efficiency by recovering waste heat across a wide range of engine loads. In this way the system contributes to reductions in environmental impact.

Prior to the current order for installation on eleven MCCs, MHI-MME's WHRS equipment previously was installed on Maersk Line's Triple-E series (18,300TEU), the world's largest at that time and still considered the most efficient. The new WHRS order will bring the number of installations on Maersk vessels to 69, in four series.

Maersk Line is the international container shipping arm of A.P. Moller-Maersk A/S, a global conglomerate based in Copenhagen known as the world's largest class operator of container ships. The Maersk Group's business also includes oil & gas drilling.

The WHRS, MHI-MME's best-selling product, was developed through the integration of the MHI Group's marine technology and expertise accumulated through a long history of operations in this field. Of the 87 units of WHRS ordered for installation worldwide, 64 are already in service. MHI-MME accounts for a greater than 90% share of the WHRS's global market.

In addition to the WHRS, MHI-MME has the world's most diversified lineup of marine machinery and marine engines. Offerings include 2-stroke low-speed engines, MET turbochargers, propellers, marine boilers and turbines, deck cranes, deck machinery, fin stabilizers and steering gears.

Going forward, in its position as the leading company in its field, MHI-MME will continue to propose a broad portfolio of innovative energy-saving and environmental solutions to enhance seagoing energy efficiency and promote environmental preservation initiatives.

About Mitsubishi Heavy Industries

Mitsubishi Heavy Industries, Ltd. (TSE: 7011, 'MHI'), headquartered in Tokyo, Japan, is one of the world's leading heavy machinery manufacturers. MHI's diverse lineup of products and services encompasses shipbuilding, power plants, chemical plants, environmental equipment, steel structures, industrial and general machinery, aircraft, space rocketry and air-conditioning systems. For more information, please visit the MHI website at www.mhi.co.jp.

Contact:
Hideo Ikuno h.ikuno@daiya-pr.co.jp +81-3-6716-5277

Copyright 2015 JCN Newswire. All rights reserved. www.jcnnewswire.com
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