TOKYO, Jan 14, 2021 - (JCN Newswire) - NEC Corporation (TSE: 6701) announced the signing of a contract with the National Submarine Cable Utility Belau Submarine Cable Corporation (BSCC) of the Palau Republic (Palau) for the Palau Cable 2 (PC2) optical submarine cable construction project. PC2, with a total length of approximately 110km, will connect Palau with a large-capacity submarine optical cable that connects Southeast Asia and the U.S. mainland. This cable is scheduled to be completed at the end of 2022.PC2 adopts the latest optical wavelength multiplexing transmission system of 100 gigabits per second (100Gbps), and as an addition to the first optical submarine cable laid by NEC in Palau in 2017, ensures the redundancy of Palau's network, realizes highly reliable communications, and responds to the increasing demand for communications, thereby contributing to further economic development in Palau.This project is being implemented under a buyer's credit (export finance) loan agreement by the Japan Bank for International Cooperation (JBIC) and Sumitomo Mitsui Banking Corporation (SMBC) with BSCC. The loan portion from SMBC is insured by Nippon Export and Investment Insurance (NEXI). Additional financing is being provided by the United States Government and the Australian Infrastructure Financing Facility for the Pacific (AIFFP).NEC has been a leading supplier of submarine cable systems for more than 50 years, and has built more than 300,000 km of cable, spanning the earth nearly 8 times. NEC is well-established as a reliable partner in the submarine cable field as a system integrator that provides all aspects of submarine cable operations, including the production of optical submarine repeaters and optical submarine cables, as well as coordinating ocean surveys and route designs, cable installation, training and delivery testing. The company is particularly strong in the Asia-Pacific region, including Japan, where NEC subsidiary OCC Corporation, is capable of producing submarine optical cables that can withstand water pressure from 8,000 meters beneath the sea.About NEC CorporationNEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of "Orchestrating a brighter world." NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at https://www.nec.com. Copyright 2021 JCN Newswire. All rights reserved. www.jcnnewswire.com

TOKYO, Jan 13, 2021 - (JCN Newswire) - Fujitsu Laboratories Ltd. has announced the development of a technology that utilizes deep learning to recognize the positions and connections of adjacent joints in complex movements or behavior in which multiple joints move in tandem. This makes it possible to achieve greater accuracy in recognizing, for instance, when a person performs a task like removing objects from a box. This technology successfully achieved the world's highest accuracy(1) against the world standard benchmark(2) in the field of behavior recognition, with significant gains over the results achieved using conventional technologies, which don't make use of information on neighboring joints.Fig. 1 Outline of the newly developed technology compared with conventional technologiesFig. 2 Improvement of accuracy with new technologyBy leveraging this technology to perform checks of manufacturing procedures or unsafe behavior in public spaces, Fujitsu aims to contribute to significant improvements in public safety and in the work place, helping to deliver on the promise of a safer and more secure society for all.Fujitsu will present the details of this technology at the 25th International Conference on Pattern Recognition (ICPR 2020), which is being held online from January 10th, 2021 (Sunday) to January 15th, 2021 (Friday).BackgroundIn recent years, advances in AI technology have made it possible to recognize human behavior from video images using deep learning. This technology offers a variety of promising applications in a wide range of real-world scenarios, for example, in performing checks of manufacturing procedures in factories or detecting unsafe behavior in public spaces. In general, human behavior recognition utilizing AI relies on temporal changes in the position of each of the skeletal joints, including in the hands, elbows, and shoulders, as identifying features, which are then linked to simple movement patterns such as standing or sitting.With time series behavior-recognition technology developed by Fujitsu Labs, Fujitsu has successfully realized highly-accurate image recognition using a deep learning model that can operate with high-accuracy even for complex behaviors in which multiple joints change in conjunction with each other, such as removing objects from a box during unpacking.About the Newly Developed TechnologyComplex movements like unpacking involve hand, elbow, and shoulder joints moving in tandem with the arm bending and stretching. Fujitsu has developed a new AI model for a graph convolutional neural networks(3) that performs convolution operation of the graph structure by adopting a graph consisting of edges connecting adjacent joints based on the structure of the human body with the joint position as a node (Vertex). By training this model in advance using the time series data of joints, the connection strength (Weight) with neighboring joints can be optimized, and effective connection relationships for behavior recognition can be acquired. With conventional technologies, it was necessary to accurately grasp the individual characteristics of each joint. With an AI model that has already been trained, the combined features of the adjacent joints that are linked can be extracted, making it possible to achieve highly-accurate recognition for complex movements.This technology was evaluated against the world standard benchmark in the field of behavior recognition using skeleton data, and in the case of simple behaviors such as standing and sitting in the open data set, the accuracy rate was maintained at the same level as that of conventional technology(4) that does not use information on neighboring joints. In the case of complex behaviors like a person unpacking a box or throwing an object, however, the accuracy rate improved greatly, to achieve an overall improvement of more than 7% over the conventional alternative to reach the world's highest recognition accuracy.Future PlansBy adding the newly developed AI model for recognizing complex behaviors obtained with this technology to the 100 basic behavior already accommodated by Fujitsu's behavioral analysis technology "Actlyzer,"(5), it will become possible rapidly deploy new, highly-accurate recognition models. Fujitsu ultimately aims to leverage this new capability to roll out the system in fiscal year 2021, and contribute to the resolution of real-world issues to deliver a safer and more secure society.(1) World's highest accuracy: As of January 13th, 2021. In the Kinetics-Skeleton category.(2) World standard benchmark: Kinetics-Skeleton dataset benchmarks.(3) graph convolutional neural networks: Deep neural network for convolutional operation on graph structure.(4) Same level as that of conventional technologyUsing the Kinetics-Skeleton dataset released by Chinese University of Hong Kong, an evaluation was made with the technology released by the same university in 2018. The correct answer rate is the rate at which the predicted result matches the correct answer.(5) Behavioral analysis technology "Actlyzer"Deep learning technology that can recognize a variety of subtle and complex human movements without relying on large amounts of training data. (Press Release: 2019/11/25)About FujitsuFujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Approximately 130,000 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 3.9 trillion yen (US$35 billion) for the fiscal year ended March 31, 2020. For more information, please see www.fujitsu.com.About Fujitsu LaboratoriesFounded in 1968 as a wholly owned subsidiary of Fujitsu Limited, Fujitsu Laboratories Ltd. is one of the premier research centers in the world. With a global network of laboratories in Japan, China, the United States and Europe, the organization conducts a wide range of basic and applied research in the areas of Next-generation Services, Computer Servers, Networks, Electronic Devices and Advanced Materials. For more information, please see: http://www.fujitsu.com/jp/group/labs/en/. Copyright 2021 JCN Newswire. All rights reserved. www.jcnnewswire.com

TOKYO, Jan 12, 2021 - (JCN Newswire) - Eisai Co., Ltd. has announced that presentations on a series of abstracts highlighting updates on its in-house discovered lenvatinib mesylate (product name: LENVIMA, the orally available kinase inhibitor, "lenvatinib") will be given at the Gastrointestinal Cancers Symposium Virtual Meeting, from January 15 to 17, 2021.At this symposium, regarding the lenvatinib monotherapy, the real-world effectiveness among unresectable hepatocellular carcinoma (HCC) patients treated in United States clinical practices (Abstract No: 273), as well as the results of a post hoc analysis of patients with unresectable HCC who progressed to the Child-Pugh B stage in the Phase 3 REFLECT study (Abstract No: 298), will be presented.In addition, the data to be presented regarding the combination therapy of lenvatinib plus pembrolizumab (product name: KEYTRUDA), the anti-PD-1 therapy from Merck & Co., Inc., Kenilworth, N.J., U.S.A. (known as MSD outside the United States and Canada), are results from the biliary tract cancer cohort (Abstract No: 321), the colorectal cancer cohort (Abstract No: 94), and the gastric cancer cohort (Abstract No: 230) of the basket-type Phase 2 LEAP-005 clinical study for 6 types of previously treated advanced solid tumors.In March 2018, Eisai and Merck & Co., Inc., Kenilworth, N.J., U.S.A., through an affiliate, entered into a strategic collaboration for the worldwide co-development and co-commercialization of lenvatinib.Eisai positions oncology as a key therapeutic area, and is aiming to discover revolutionary new medicines with the potential to cure cancer. Eisai will continue to create innovation in the development of new drugs based on cutting-edge cancer research, as it seeks to contribute further to addressing the diverse needs of, and increasing the benefits provided to, patients with cancer, their families, and healthcare providers.This release discusses investigational compounds and investigational uses for FDA-approved products. It is not intended to convey conclusions about efficacy and safety. There is no guarantee that any investigational compounds or investigational uses of FDA-approved products will successfully complete clinical development or gain FDA approval.About the Merck & Co., Inc., Kenilworth, N.J., U.S.A. and Eisai Strategic CollaborationIn March 2018, Eisai and Merck & Co., Inc., Kenilworth, N.J., U.S.A., known as MSD outside the United States and Canada, through an affiliate, entered into a strategic collaboration for the worldwide co-development and co-commercialization of LENVIMA. Under the agreement, the companies will jointly develop, manufacture and commercialize LENVIMA, both as monotherapy and in combination with KEYTRUDA, the anti-PD-1 therapy from Merck & Co., Inc., Kenilworth, N.J., U.S.A.In addition to ongoing clinical studies evaluating the KEYTRUDA plus LENVIMA combination across several different tumor types, the companies have jointly initiated new clinical studies through the LEAP (LEnvatinib And Pembrolizumab) clinical program and are evaluating the combination in 13 different tumor types (endometrial carcinoma, hepatocellular carcinoma, melanoma, non-small cell lung cancer, renal cell carcinoma, squamous cell carcinoma of the head and neck, urothelial cancer, biliary tract cancer, colorectal cancer, gastric cancer, glioblastoma, ovarian cancer and triple-negative breast cancer) across 20 clinical trials.Eisai's Focus on CancerEisai focuses on the development of anticancer drugs, targeting the tumor microenvironment (with experience and knowledge from existing in-house discovered compounds) and the driver gene mutation and aberrant splicing (leveraging RNA Splicing Platform) as areas (Ricchi) where real patient needs are still unmet, and where Eisai can aim to become a frontrunner in oncology. Eisai aspires to discover innovative new drugs with new targets and mechanisms of action from these Ricchi, with the aim of contributing to the cure of cancers.Media Inquiries:Public Relations Department,Eisai Co., Ltd.+81-(0)3-3817-5120 Copyright 2021 JCN Newswire. All rights reserved. www.jcnnewswire.com

THAILAND, Jan 12, 2021 - (JCN Newswire) - Electricity demand in Thailand is growing as its economy develops, and the country is now faced with a challenge to reduce the loss of power in the transmission network (hereinafter called "power losses"). In addition, with the amount of fossil fuels, such as natural gas, also rising because electricity is generated mainly by thermal power plants in Thailand, the country needs to introduce renewable energy to create a power source mix that could mitigate environmental impacts.Under these circumstances, there is a plan for terminating the operation of some thermal power plants partly due to facility deterioration in northeastern Thailand, the area in which the demonstration project will be carried out, after 2025. Then, the purchase of electricity from neighboring countries and construction of new power generation facilities, such as hydroelectric power plants and/or photovoltaics (PV), are being considered as alternatives. To realize electricity supply through such multiple generations, transmission facilities should be expanded and reinforced for increasing an available transfer capability. However, not much progress has been made in that plan because significant investments are required. Moreover, EGAT has been faced with a challenge of dealing with the difficulty of supplying electricity stably while reducing power losses because no technology for voltage optimization has been installed in the current transmission network with various power sources connected. Against this background, NEDO and MOEN agreed to implement a demonstration project for the purpose of low carbonization and enhancements in power system operation, exchanging Letters of Intent for cooperation. In parallel, Hitachi, the consignee of the demonstration project(3) and Electricity Generating Authority of Thailand (EGAT), a state-owned electric power company that undertakes power generation and transmission in Thailand, concluded a Project Agreement. Following the conclusion of these agreements, NEDO in collaboration with these partner companies started the demonstration project of the OPENVQ, an online-based optimal voltage/reactive power control system, in the power transmission system owned by EGAT in northeastern Thailand in December.This demonstration project will install OPENVQ on EGAT's transmission network to reduce power losses through more advanced and more efficient operation of electric power systems, seeking to reduce greenhouse gas emissions. In parallel, it will seek the quantification of greenhouse gas emission reduction through the Joint Crediting Mechanism(4) (JCM).(1) OPEXStands for operating expenses and refers to expenditures related to the operation of power transmission systems in this demonstration project. (2) CAPEXStands for capital expenditures and refers to spending for physical assets such as transmission system facilities and control equipment in this demonstration project. (3) Demonstration projectProject name: Program to Facilitate Private Sector-Led Promotion of Low-Carbon Technology Overseas / Program to Promote Market Creation Using Low-Carbon Technology / Low-Carbonized Operation of a Power Grid Utilizing Online Voltage-var (Q) Optimal Control "OPENVQ" with ICT (Thailand)Project period: FY2020 - FY2022 (4) Joint Crediting Mechanism (JCM)A scheme for reducing greenhouse gas emissions in cooperation with JCM partner developing countries, in which the result of reduction is allocated as contribution by both partner countries and Japan.For full press release, visit http://www.hitachi.com/New/cnews/month/2021/01/210112.html. Copyright 2021 JCN Newswire. All rights reserved. www.jcnnewswire.com

TOKYO, Jan 12, 2021 - (JCN Newswire) - NEC Corporation (TSE: 6701) has announced the development of "WISE VISION Endoscopy," an AI diagnosis-support medical device software for colonoscopies, which is being released in Japan today and is expected to soon be available in Europe. This software connects with existing endoscopy equipment as part of using AI to automatically mark potential lesions from images taken during endoscopic procedures. Colorectal cancer is the most common cancer in Japan(1), and the second most common in Europe(2). Colorectal cancer originates from precancerous lesions (colorectal neoplastic polyps) and it is possible to suppress the progression to cancer by detecting and removing lesions at the polyp stage during endoscopy procedures. However, polyps need to be found with the eye of an endoscopist, and are often difficult to detect because of their size and shape, causing approximately 24%(3) to be missed, thereby delaying detection. NEC has been working with the National Cancer Center Japan since 2016 to contribute to resolving this issue. NEC has now developed software that can automatically mark potential lesions based on the use of AI to learn from endoscopic images of more than 10,000 lesions, as well as learning from the observations of expert physicians(4). This software was developed by applying NEC's AI technologies, "NEC the WISE," and its face recognition technology, which is highly evaluated by the National Institute of Standards and Technology(5) in the United States. Software features include the following: 1. Compatibility with the endoscopy systems of three leading companies and usability in any examination roomThis software can be connected to endoscopes from three leading endoscope manufacturers(6). By simply connecting an existing endoscope to a monitor and terminal equipped with the software, users can start using it immediately. Moreover, since it is compatible with various endoscopes and easy to prepare, systems can be transferred within different rooms and used efficiently wherever there is an examination.2. High visibility and flexible interfaceThe system marks the lesion candidates with a notification sound and marking. Notification sounds, volume, and marker colors can be customized at any time to the user's preference. The system can be operated intuitively with a high-visibility user interface, allowing users to smoothly proceed with examinations.Going forward, as a company that creates social value, NEC aims to promote a healthy, and sustainable society, where individuals can thrive from the utilization of advanced IT technologies.(1) According to statistics from the National Cancer Research Center Japan (Japanese text only) https://ganjoho.jp/reg_stat/statistics/stat/summary.html(2) According to United European Gastroenterology https://ueg.eu/p/78#(3) Rex DK, Cutler CS, Lemmel GT, et al. Colonoscopic miss rates of adenomas determined by back-to-back colonoscopies. Gastroenterology. 1997;112(1):24-28(4) Yamada M, Saito Y, Imaoka H,et al. Development of a real-time endoscopic image diagnosis support system using deep learning technology in colonoscopy. Sci Rep. 2019;9:14465(5) NEC Face Recognition Technology Ranks First in NIST Accuracy Testinghttps://www.nec.com/en/press/201910/global_20191003_01.html(6) Connectivity and operations have been confirmed with the following endoscopes- Olympus EVIS LUCERA ELITE Video System Center CV-290- FUJIFILM ELUXEO video processor VP-7000- PENTAX Medical OPTIVISTA EPK-i7010 video processorProduct name: WISE VISION EndoscopyAbout NEC CorporationNEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of "Orchestrating a brighter world." NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at https://www.nec.com. Copyright 2021 JCN Newswire. All rights reserved. www.jcnnewswire.com

HONG KONG, Jan 12, 2021 - (JCN Newswire) - Hong Kong Investor Relations Association (HKIRA) held its first virtual IR Annual Symposium on Friday (Jan 8) from the HKEX Connect Hall to a positive response and warm reviews. Over 300 participants joined the online Symposium, sharing their views and insights on the latest trends and best practices in the IR industry, under this year's theme, "Investor Engagement: To Infinity and Beyond". HKIRA was honoured to receive Mr. Wilfred Yiu, Managing Director & Head of Markets at Hong Kong Exchanges & Clearing Ltd (HKEX), as the keynote speaker of the Symposium. Speakers representing the Hong Kong Exchange, Financial Reporting Council, Fidelity International, Tricor Services, AMTD, IHS Markit, Champion Reit, VPower Group and FTI Consulting were invited to share their insights on the financial markets and the IR profession today.HKIRA was also celebrating a milestone: One thousand members, from HKEX companies, with a common goal - effective IR, supporting the continuous development of Hong Kong as a key international financial centre. Professor Louis Cheng, Dr S H Ho Professor of Banking and Finance at The Hang Seng University of Hong Kong (Research Institute for Business), presented a Certificate of Appreciation to the 1000th HKIRA member, Mr. Tomakin Lai, Executive Director & CFO of China Resources Beer. Though 2020 has been a challenging year, the unexpected Covid-19 pandemic has not stopped HK-listed companies from striving for IR best practices, reflected in the steadily growing number of professionals joining the Association. Dr Eva Chan, Founding Chairman of HKIRA, said, "Despite the Pandemic, the HKIRA continues its IR work beyond boundaries and lockdowns. IROs are doing their best to continue investor engagement and maintain best IR practices in the face of adversity, brought about by the pandemic."Moving to 2021, HKIRA made clear its resolve toward sustainable development, supporting the IR industry as an indispensable part of the financial services sector, as well as IROs, with the knowledge and skills to be better prepared for the challenges ahead, and adapting to the new normal of the financial industry. This was the first IR Annual Symposium streamed into Mainland China, where HKIRA hopes to reach more IROs and industry practitioners, to work together in advocating higher standards of corporate governance and transparency for listed companies across the region.Strategic Public Relations Group (SPRG) was once again proud to be the Official Public Relations Partner and Diamond Sponsor of the HKIRA IR Annual Symposium 2021. About HKIRAFounded in 2008, with 1000+ members primarily working for companies listed on the SEHK, the Hong Kong Investor Relations Association (HKIRA) is a non-profit, professional IR association of practitioners and corporate officers responsible for communications between management and the investment community. HKIRA advocates international standards in IR education, advances best IR practice and caters to professional development needs of those interested in pursuing professional careers in IR. For further information, please visit http://www.hkira.com. Copyright 2021 JCN Newswire. All rights reserved. www.jcnnewswire.com

OSLO, NORWAY, Jan 10, 2021 - (JCN Newswire) - Just before New Year, the Norwegian Block Exchange (NBX) completed a NOK 60 million (EUR 5.84 million) private equity placement with Pareto Securities, a leading investment bank in the Nordics, acting as sole lead manager and guarantor of the deal. The funding ensures that NBX can further develop its cryptocurrency exchange, custodian and payment systems, as well as new products relating to digital assets and E-money banking.Since public launch in April 2020, NBX has been working towards becoming the preferred provider of digital asset services in the Nordic region. Thus far the platform has attracted more than 7,000 customers, including large institutional investors. In so doing, NBX was able to engage major Norwegian investors and successfully close their 60 million-krone equity offering, which will help them achieve the ultimate goal of becoming a digital asset bank. On the equity placement, NBX co-founder and CEO Stig Aleksander Kjos-Mathisen said, "I am elated that NBX has managed 60 million kroner in a private placement. This funding will provide NBX with the financial resilience needed to pursue a banking license, thus becoming one of Europe's first digital asset banks, while expanding our services to new countries and establishing NBX as the preferred provider of digital asset services in the Nordics."To achieve the goal of becoming a digital assets bank, NBX is focusing on institutional clients and investors who want to diversify into alternative asset classes and 'digital gold', which is the growing trend in asset management internationally. NBX hopes to evolve into a reliable marketplace for buying, selling and making payments in cryptocurrencies or other digital assets with convenient fiat gateways.About Norwegian Block Exchange ASNorwegian Block Exchange AS (NBX) is a pioneering, truly Norwegian cryptocurrency exchange, custodian and payments system. Established by Bjorn Kjos, founder of Norwegian Air Shuttle (NAS) and Bank Norwegian, Oslo-based NBX is driven to become a financial services hub for the cryptocurrency economy, with transparency, commitment to compliance, security and stability as core. NBX is regulated by the Financial Supervisory Authority of Norway (Finanstilsynet).For more information on NBX, please visit:NBX website: https://nbx.comTwitter: https://twitter.com/nbxcomMedium: https://medium.com/norwegian-block-exchangeFacebook: https://web.facebook.com/nbxcomLinkedIn: www.linkedin.com/company/norwegian-block-exchange/Source: Plato Data Intelligence, https://platoblockchain.net (https://bit.ly/3s8raqT), Kryptografen. Copyright 2021 JCN Newswire. All rights reserved. www.jcnnewswire.com

TOKYO, Jan 7, 2021 - (JCN Newswire) - Mitsubishi Heavy Industries Thermal Systems, Ltd. (MHI Thermal Systems), a part of Mitsubishi Heavy Industries (MHI) Group, has won an Agency for Natural Resources and Energy Commissioner's Award (Energy Savings Sector) in the "Product & Business Model" category at the 2020 Energy Conservation Grand Prize Awards sponsored by the Energy Conservation Center, Japan (ECCJ). This award was presented for the MSV2 series of air-cooled heat pump chillers(1) in recognition of its industry-leading coefficient of performance (COP)(Note2) achieved through a combination of the newly developed "e-3D scroll" compressor and other proprietary technologies. The awards ceremony will be held on January 27.The MSV2 series comprises four models ranging from 40 to 70 horsepower (hp). These units incorporate the "e-3D scroll" compressor, a more advanced version of the "3D scroll" compressor that compresses the refrigerant from all directions. Modification to the scroll shape, from a step to a slope, has significantly reduced leakage loss, and provided a considerable gain in efficiency at low loads. In addition, the use of a large fan, long bell mouth, and small-diameter hairpin air heat exchanger provide 20% greater power efficiency compared to previous models. Further, this series offers approximately 55% energy reduction compared to absorption-type heating/cooling units.The MSV2 series uses R32 refrigerant, which has around one-third the global warming potential (GWP)(3) of conventional R410A refrigerant. Along with a 28% reduction in refrigerant charge volume compared to previous models, and a 77% lower CO2 conversion factor, these units contribute to a lessening of the environmental load.The ECCJ Energy Conservation Grand Prize Awards recognize outstanding energy-saving initiatives at businesses or workplaces that serve as examples for other companies, or outstanding energy-saving products and business models. The awards program was created to contribute to the realization of an energy-saving society by raising energy conservation awareness throughout Japan, and promoting the adoption of energy-saving products.MHI Thermal Systems, encouraged by this award, will continue to develop technologies and products that provide further reductions in CO2 and energy savings. Further, by drawing on the collective technological capabilities realized through synergies generated from its broad business domain, including the thermal engineering business to enhance energy efficiency in a wide range of production plants, the large-scale refrigerator business for cooling large spaces, the air conditioning business to create a wide range of comfortable spaces, the transport refrigerating systems business essential to cold chains, and the automotive air-conditioning business, MHI Thermal Systems will focus on achieving optimal thermal solutions to meet the varied needs of customers.(1) "Heat pump chiller" is a general term for a unit that creates and supplies hot and cold water for building air conditioning systems, or various types of industrial facilities. They are called "chillers" because they are used mainly in cooling applications, but the term "heat pump" is added because they can also be used to heat water to high temperatures. The internal system comprises refrigerant and water circulation systems, with heat exchanged as the refrigerant and water pass through a water heat exchanger.(2) Coefficient of Performance (COP) is an indicator of the degree of efficiency that can be realized from using one kilowatt of electricity. Larger values indicate greater energy efficiency. For refrigeration systems, COP is the rated refrigeration capacity (kW) divided by electricity consumption (kW).(3) Global Warming Potential (GWP) is a coefficient expressing a relative value, with CO2 fixed at a GWP of 1.0. Smaller values indicate greater environmental performance. Copyright 2021 JCN Newswire. All rights reserved. www.jcnnewswire.com

TOKYO, Jan 6, 2021 - (JCN Newswire) - Olympus Corporation (TSE:7733) and Hitachi, Ltd. (TSE:6501) have signed a five-year contract to jointly develop Endoscopic Ultrasound Systems (EUS). Hitachi will also continue to supply diagnostic ultrasound systems and related parts used in EUS to Olympus under this contract.EUS consist of a diagnostic ultrasound system and ultrasound flexible endoscopes. They are used in examinations to evaluate the stage of cancer in the liver, pancreas, and bronchus, as well as in minimally-invasive care, contributing to the medical treatment.Hitachi's diagnostic imaging-related business is expected to be transferred to FUJIFILM Corporation, subject to customary closing conditions and regulatory approvals. The agreement between Hitachi and Olympus will be valid after such transfer.Hironobu Kawano, Division Head of the Endoscopic Solutions Division, Olympus Corporation, said, "Olympus aims to improve patients' quality of life through early diagnosis made available with Endoscopic Ultrasound Systems. Our long-standing partnership with Hitachi has built a strong foundation of products and technology development for endoscopic ultrasound diagnosis, and we are very excited to be able to continue this collaboration and contribute further to improving patients' lives. Through this ongoing collaboration, Hitachi and Olympus will introduce products and technology that address the needs of the patients, healthcare professionals and the broader medical industry."Toshihiko Kawano, CTO of Healthcare Business Unit, Hitachi, Ltd., said, "It is our pleasure to continue our collaboration with Olympus in the EUS business. Since the development of the first EUS product in the 1980s, Olympus and Hitachi have always been at the forefront in the market and have contributed significantly to progress the level and quality of treatment for digestive and respiratory diseases around the world. We look forward to collaborating in the future and exploring new clinical values to provide better diagnosis and treatment to patients and healthcare professionals, and contribute to the advancement of medical treatment."About Olympus' Medical BusinessOlympus' Medical business uses innovative capabilities in medical technology, therapeutic intervention, and precision manufacturing to help healthcare professionals deliver diagnostic, therapeutic, and minimally invasive procedures to improve clinical outcomes, reduce overall costs, and enhance the quality of life for patients. Olympus' Medical portfolio includes endoscopes, laparoscopes, and video imaging systems, as well as surgical energy devices, system integration solutions, medical services, and a wide range of endotherapy instruments for endoscopic and therapeutic applications. For more information, visit www.olympus-global.com.About Hitachi, Ltd.Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is focused on its Social Innovation Business that combines information technology (IT), operational technology (OT) and products. The company's consolidated revenues for fiscal year 2019 (ended March 31, 2020) totaled 8,767.2 billion yen ($80.4 billion), and it employed approximately 301,000 people worldwide. Hitachi drives digital innovation across five sectors - Mobility, Smart Life, Industry, Energy and IT - through Lumada, Hitachi's advanced digital solutions, services, and technologies for turning data into insights to drive digital innovation. Its purpose is to deliver solutions that increase social, environmental and economic value for its customers. For more information on Hitachi, please visit the company's website at https://www.hitachi.com. Copyright 2021 JCN Newswire. All rights reserved. www.jcnnewswire.com

TOKYO, Jan 6, 2021 - (JCN Newswire) - On January 1, 2021, Hitachi Automotive Systems, Ltd., Keihin Corporation, Showa Corporation and Nissin Kogyo Co., Ltd. concluded management integration to form Hitachi Astemo, Ltd., a leading provider of mobility solutions to the automotive industry. The name "Astemo" is derived from the words "Advanced Sustainable Technologies for Mobility" and describes the mission of the integrated company to "provide a safe, sustainable and comfortable mobility life through technologies that contribute to an advanced and sustainable society".Driven by technological megatrend of CASE, meaning Connected, Autonomous, Sharing and Electrification, the automotive industry is undergoing profound change requiring companies to have the scale and resources to create the leading technologies and sophisticated solutions required for today's mobility demands.As a global mega-supplier, Hitachi Astemo will create advanced mobility solutions in its core businesses of powertrain systems, chassis systems and advanced driver assistance systems for both automobiles and motorcycles. Leveraging its expanded scale and the advanced technologies of the four integrating companies, Hitachi Astemo will drive innovation in CASE, an area expected to grow rapidly. Further, Hitachi Astemo will optimize its engineering resources to accelerate development of next-generation technologies and integrate advanced software across components, establishing itself as a global leader in mobility solutions.Hitachi Astemo is a truly global company, employing approximately 90,000 people with offices and plants in 27 countries covering Japan, China, India, North America, South America and Europe. The company endeavors to increase its social, environmental and economic value by providing advanced mobility solutions that improve safety, comfort, environmental protection and contribute to building a sustainable society. Hitachi Astemo will contribute to improving quality of life and the corporate value of its customers worldwide.About Hitachi Astemo, Ltd.Headquartered in Tokyo, Japan, Hitachi Astemo is a joint venture between Hitachi, Ltd. and Honda Motor Co. Hitachi Astemo is a technology company that develops, manufactures, sells and services automotive and transportation components, as well as industrial machinery and systems. For more information, visit the company's website at http://www.hitachiastemo.com/. Copyright 2021 JCN Newswire. All rights reserved. www.jcnnewswire.com

TOKYO, Jan 5, 2021 - (JCN Newswire) - NEC Corporation (TSE: 6701) has announced that Northgate Public Services (NPS), a wholly-owned subsidiary of NEC, has entered into an agreement to acquire Charter Systems Ltd, a leading supplier of Covert Operations software to police services in the UK and Canada.NPS is the market leader for policing IT solutions in the UK with more than 50% of police forces currently using NPS' CONNECT crime, custody and intelligence management system to manage information on victims and crimes. Charter Systems is part of Equinity Group plc's Digital division and provides mission-critical software to manage Covert Operations which is used by more than 60% of UK police forces as well as major customers in Canada. The potential for these two sets of technologies to be brought together could bring substantial benefits to the police service.Ian Blackhurst, executive director of Public Safety, Northgate Public Services, said, "It's essential for undercover officers to have access to the most up to date and accurate information to be able to predict and prevent crime. Putting reliable intelligence into the hands of police forces means they are in a good position to be able to assess the risk to their officers, the public and the police operation."He continues: "This acquisition is a great opportunity for us to expand our offer and will bring substantial value to customers of both Charter and NPS. Our working practices are already very similar so we will be able to start adding value to our solutions straight away."NPS sees Charter Systems' solutions as a highly complementary and natural addition to its existing public safety portfolio and customer base. Strategically, the acquisition of Charter is consistent with increasing the NPS footprint in the UK and internationally with a focus on policing operations. Aaron Hughes, CEO of the digital division of Equiniti, previous owners of Charter Systems, said: "We are pleased to sell Charter Systems, a market-leading software business in its field, to a complementary acquirer, and wish our colleagues and former clients well for the future. This disposal allows Equality to continue to focus on its core businesses."About Northgate Public ServicesNorthgate Public Services (NPS) has a proven history of creating game-changing software for the public sector. Our ability to put vital information into the hands of those that need it is the reason why 95% of local authorities use us to collect revenues and administer benefits. It's why 14 different police forces have chosen NPS' CONNECT software to improve decision making at the frontline, why 150 housing providers use NPS systems to manage their two million homes efficiently and why the NHS choose our technology to help them screen eight million babies for hearing loss. Based in the UK but working around the world, NPS' 2,300 employees help improve the services that matter most. NPS is part of the NEC Corporation ("NEC", TSE: 6701), a leader in the integration of IT and network technologies that benefit businesses and people worldwide. For more information, visit our CONNECT page: https://www.northgateps.com/connect. About EQ (Equiniti Group plc)EQ is an international technology-led services and payments specialist. With over 5,000 employees, it supports 36 million people in 120 countries and serves c.70% of the FTSE 100. EQ's purpose is to care for every customer and simplify every transaction, delivered with less of an impact on the environment. EQ is listed on the London Stock Exchange as Equiniti Group plc. Find out more https://equiniti.com/. About NEC CorporationNEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of "Orchestrating a brighter world." NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness, and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at https://www.nec.com. Copyright 2021 JCN Newswire. All rights reserved. www.jcnnewswire.com

TOKYO, Jan 4, 2021 - (JCN Newswire) - Kohei Morikawa, President and CEO of Showa Denko ("SDK"; TSE:4004) announced the following New Year message.Kohei Morikawa, President and CEOI would like to express my heartfelt sympathy to everyone who contracted COVID-19 and the people who are in difficulties due to the spread of the disease. COVID-19 is having severe effect on the civic life and corporate activities, and the lives and working conditions of the people has been significantly changed due to the disease. On the other hand, production of hygienic commodities such as masks and antiseptic solutions and electronic devices including PCs and tablets, for which peoples demand increased due to the spread of teleworking, requires the chemical industry, and 2020 was the year in which people rediscovered that such chemical products are indispensable for their everyday life.Change society through the power of chemistryIn April 2020, Showa Denko received Showa Denko Materials Co., Ltd. (former Hitachi Chemical Company Ltd.) into the Showa Denko Group, and, since then, the two companies have been discussing the way to establish the basis of growth toward the future. In December 2020, the two companies announced "Long-term Vision for Newly Integrated Company," and defined the meaning of the existence of the newly integrated company (i.e., purpose) as "Change society through the power of chemistry." The newly integrated company will create functions required of the times as an advanced material partner, and it will aim to become "a company that has the ability to do battle in the global market" and "a company that contributes to a sustainable global society" as a global top-level functional chemical manufacturer.Transform changes into evolution and convert diversity into strength2021 is the final year of our medium-term business plan "The TOP 2021," which the Showa Denko Group launched with a view to make the Group a global top-level chemical company. 2021 is also a year of drastic changes including the substantive integration of Showa Denko and Showa Denko Materials in July, head office integration in October, and announcement of new medium-term business plan in December. Through acquisition of the new member, Showa Denko Materials, the Showa Denko Group have reached a stage from which we can aim to reach higher level. Let's transform changes into evolution, approve difference each other and convert diversity into strength, and accomplish our medium-term business plan "The TOP 2021" by showing our potential power.About Showa Denko K.K.Showa Denko K.K. (SDK; TSE:4004, ADR:SHWDY) is a major manufacturer of chemical products serving from heavy industry to computers and electronics. The Petrochemicals Sector provides cracker products such as ethylene and propylene, the Chemicals Sector provides industrial, high-performance and high-purity gases and chemicals for semicon and other industries, the Inorganics Sector provides ceramic products, such as alumina, abrasives, refractory/graphite electrodes and fine carbon products. The Aluminum Sector provides aluminum materials and high-value-added fabricated aluminum, the Electronics Sector provides HD media, compound semiconductors such as ultra high bright LEDs, and rare earth magnetic alloys, and the Advanced Battery Materials Department (ABM) provides lithium-ion battery components. For more information, please visit www.sdk.co.jp/english/.Showa Denko K.K., CSR & Corporate Communication Office, Tel: 81-3-5470-3235 Copyright 2021 JCN Newswire. All rights reserved. www.jcnnewswire.com

TOKYO, Dec 28, 2020 - (JCN Newswire) - Mazda Motor Corporation's production and sales results for November 2020 are summarized below.I. Production1. Domestic ProductionMazda's domestic production volume in November 2020 decreased 3.8% year on year due to decreased production of passenger and commercial vehicles.[Domestic production of key models in November 2020]CX-5: 34,554 units (up 3.1% year on year)CX-30: 10,912 units (up 3.4%)MAZDA3: 9,708 units (down 24.6%)2. Overseas ProductionMazda's overseas production volume in November 2020 decreased 18.6% year on year due to decreased production of passenger and commercial vehicles.[Overseas production of key models in November 2020]CX-30: 16,359 units (up 124.8% year on year)MAZDA3: 11,147 units (down 25.8%)MAZDA2: 7,628 units (up 3.5%)II. Domestic SalesMazda's domestic sales volume in November 2020 decreased 0.4% year on year due to decreased sales of commercial vehicles.Mazda's registered vehicle market share was 3.9% (down 0.5 points year on year), with a 1.8% share of the micro-mini segment (up 0.2 points) and a 3.1% total market share (down 0.2 points).[Domestic sales of key models in November 2020]MAZDA2: 2,164 units (up 2.9% year on year)CX-5: 1,684 units (up 27.7%)CX-30: 1,577 units (down 41.4%)III. ExportsMazda's export volume in November 2020 increased 7.2% year on year due to increased shipments to North America, Europe and Oceania.[Exports of key models in November 2020]CX-5: 33,522 units (up 12.1 % year on year)MAZDA3: 10,769 units (up 2.7%)CX-30: 9,552 units (up 6.8%)IV. Global SalesMazda's global sales volume in November 2020 decreased 10.0% year on year due to decreased sales in the U.S., China, Europe.[Global sales of key models in November 2020]CX-5: 33,705 units (down 5.1% year on year)MAZDA3 (includes Axela): 21,799 units (down 21.2%)CX-30:16,046 units (up 83.1%) Copyright 2020 JCN Newswire. All rights reserved. www.jcnnewswire.com

TOKYO, Dec 28, 2020 - (JCN Newswire) - Hitachi Capital (Thailand) Co., Ltd., a subsidiary of Hitachi Capital Corporation, Hitachi Asia (Thailand) Co., Ltd., a subsidiary of Hitachi, Ltd., and SANTEC POWER SOLUTIONS CO.,LTD. entered into Memorandum of Understanding (MOU).Three companies will encourage installation of the commercial solar self-consumption equipment within Hitachi Group in Kingdom of Thailand (Thailand), based on MOU. As the first move of three companies' collaboration, it is planned to install the solar self-consumption equipment on Gateway factory roof (Chachoengsao, Thailand) of Hitachi Automotive Systems Asia, Ltd., and will start its power generation from the end of March 2021. Furthermore, it will expand its business to Japanese and local companies in Thailand in the medium to long term.In recent years, in light of the growing global climate change problem, there is a growing movement toward virtually zero greenhouse-gas emissions in order to realize a decarbonization society. In Thailand, the power development plan aims 33% of renewables share in the total power generation capacity in 2037. On the other hand, the needs of reducing carbon dioxide (CO2) emissions in business activities by self-consuming renewable energy such as solar power generation are increasing.With this collaboration, HCT, Hitachi Asia (Thailand) and SANTEC will pursue installation of solar self-consumption equipment within Hitachi Group in Thailand. The customer is able to install renewable energy without its initial investment and will make payment according to the solar power generation amount. Those three companies aim to achieve 10MW of power generation capacity by 2023.HCT, as a power producer, will enter into Power Purchase Agreement (PPA) with a customer, and install solar self-consumption equipment including panels on the roof of commercial office or factory, as well as sell all electric powers generated.Hitachi Asia (Thailand), as a project leader, will take the lead in project management and supply the Advance Solar String Inverter and Energy Management System, so as to attain the objective of a smart, sustainable society powered by green energy.SANTEC offers one stop services - design, procurement, construction and maintenance, as a construction and maintenance contractor. SANTEC is a subsidiary of SANKO Group which has a large track record of solar power and industrial plant business internationally. SANTEC will provide trouble-free and high quality construction and maintenance by making use of its group's knowledge and experience.Hitachi Capital Group has been developing and operating its solar and wind powers, as well as, installing the solar self-consumption equipment at a company aiming to decarbonize with PPA, in Japan. This is the first time for Hitachi Capital Group to enter the solar self-consumption solutions in overseas. Taking this opportunity in Thailand, Hitachi Capital Group will accelerate its solar self-consumption solutions globally and contribute to building decarbonization society.Hitachi Asia (Thailand)'s role is to develop and expand Hitachi group's business in Thailand. Solar Power Generation will be a part of its solutions to extend our social innovation business.SANTEC has been offering its solar power solutions since 2018, and, will contribute to the society as a member of this collaboration in Thailand where is expected to be increasingly developed renewable energy business moving forward.HCT, Hitachi Asia (Thailand) and SANTEC will contribute to solving customers' issue through pursuing the solar self-consumption solutions and realizing the decarbonization society in Thailand by expanding this business to all over the country.About Hitachi Capital GroupHitachi Capital Group globally aims at both solving social issues and its continued growth based on SDGs, as "Social Values Creating Company". In its "FY2019-FY2021 Mid-Term Management Plan", Hitachi Capital Group positions "Environment/Energy", "Mobility", "Life" and "Sales Finance" as a key business, and pursue its development of new businesses to solve issues faced by companies and local communities while evolving into the new values which are enhancement of collaboration with partners, shift to services and commercialization, as well as, their combined business beyond finance field. Please access Hitachi Capital and HCT website for the details.https://www.hitachi-capital.co.jp/hcc/english/index.htmlhttp://www.hitachi-capital.co.th/About Hitachi Asia (Thailand) Co., Ltd.Incorporated in 1992, Hitachi Asia (Thailand) Co., Ltd. provides expert solutions in meeting the needs of customers in Thailand, Laos and Cambodia. Hitachi Asia (Thailand) is focusing on the business areas of Smart Cities, Smart Manufacturing and Smart Public Services, with the aim of contributing to the community as a responsible corporate citizen.About Hitachi, Ltd.Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is focused on its Social Innovation Business that combines information technology (IT), operational technology (OT) and products. The company's consolidated revenues for fiscal year 2019 (ended March 31, 2020) totaled 8,767.2 billion yen ($80.4 billion), and it employed approximately 301,000 people worldwide. Hitachi drives digital innovation across five sectors - Mobility, Smart Life, Industry, Energy and IT - through Lumada, Hitachi's advanced digital solutions, services, and technologies for turning data into insights to drive digital innovation. Its purpose is to deliver solutions that increase social, environmental and economic value for its customers. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.About SANTEC POWER SOLUTIONS CO., LTDSANTEC is a joint venture of SANKO CONTROLS CO., LTD., SANKO INDUSTRIAL SOLUTIONS CO., LTD., and Hitachi Power Solutions Co., Ltd. SANTEC has been offering services of electricity/instrumentation/control equipment and construction of solar power generation with the technical support from Sanko Group and Hitachi Power Solutions. SANTEC will continuously pursue its business aiming at harmony of its quality, environment and safety. Copyright 2020 JCN Newswire. All rights reserved. www.jcnnewswire.com

Toyota City, Japan, Dec 25, 2020 - (JCN Newswire) - Toyota Motor Corporation (Toyota) has announced a limited launch of the "C+pod" ultra-compact battery electric vehicle (BEV), from December 25, to corporate users, local governments and other organizations that have been exploring new options to drive the popularization of BEVs. Toyota plans to further promote the establishment of systems for popularizing BEVs, including development of new business models, and to conduct a full-scale launch including to individual customers by 2022. Today's launch will also demonstrate new services that can only be provided by BEVs.The new C+pod is an environmentally-friendly two-seater BEV designed as a mobility option that improves per-person energy efficiency. In addition to short-distance daily use, the C+pod is also aimed at corporate users visiting customers on a regular basis, and at users in urban or mountainous communities needing safe, unrestricted, and environmentally-friendly transportation options.To drive further popularization of BEVs, Toyota is expanding its product lineup and forming open collaborations as it works to build new business models. In Japan, it is focusing initially on the C+pod, Walking Area BEVs(1), and Toyota i-Road(2), with more than 200 corporate and local government partners(3) currently involved in exploring new transportation models.As one of these collaborative efforts, today's launch of the C+pod will also demonstrate new services specific to BEVs. One of those services is Toyota Green Charge, a joint project developed with Chubu Electric Power Miraiz Co., Inc. to offer a single point of contact for corporations seeking support when constructing optimal charging facilities or developing electricity plans for BEVs, such as CO2-free power. The service will be jointly implemented in collaboration with Chubu Electric Power Miraiz, Kansai Electric Power Co., Inc., and TEPCO Energy Partner, Inc. Other services in planning include the Electric-vehicle sharing service that combines tourist information with the "Toyota Share(4)" car-sharing service to promote sightseeing and excursions.More information on Toyota's efforts to popularize BEVs is available at the following linkhttps://toyota.jp/personalmobility/(1) Walking-Area BEVs are designed to facilitate movement through pedestrian zones. They provide mobility support in a range of situations, including when people are carrying heavy loads, such as large amounts of luggage, or when they have difficulty walking. The three types that are planned are seated type, standing type, and wheelchair-linked type.(2) The i-ROAD is a compact three-wheeled BEV. It offers a novel and enjoyable riding experience that combines the convenience of a motorcycle with the comfort and stability of a car.(3) As of December 2020.(4) Toyota's car-sharing service that can be easily used via a smartphone Copyright 2020 JCN Newswire. All rights reserved. www.jcnnewswire.com

TOKYO, Dec 25, 2020 - (JCN Newswire) - Showa Denko (SDK; TSE:4004) announces that it revises its forecast of year-end dividend payment as in below, taking the latest trend in its business performance into consideration.1. Reasons for the revision of dividend payment forecastBased on its comprehensive consideration to the importance of the maintenance of shareholder return, including stable payment of dividend, and its latest forecast of the performance for 2020, SDK revises its forecast of year-end dividend payment per share as in below.2. Revised forecast of dividend paymentDividend per share (Unit: yen) End of 2Q / Year end / TotalEarlier forecast (Announced on August 12, 2020) : - / Undecided / UndecidedRevised forecast (Announced on December 25, 2020) : - / 65.00 / 65.00Actual dividends for 2020 : 0.00 / - / -Actual dividends for 2019 : 50.00 / 80.00 / 130.00About Showa Denko K.K.Showa Denko K.K. (SDK; TSE:4004, ADR:SHWDY) is a major manufacturer of chemical products serving from heavy industry to computers and electronics. The Petrochemicals Sector provides cracker products such as ethylene and propylene, the Chemicals Sector provides industrial, high-performance and high-purity gases and chemicals for semicon and other industries, the Inorganics Sector provides ceramic products, such as alumina, abrasives, refractory/graphite electrodes and fine carbon products. The Aluminum Sector provides aluminum materials and high-value-added fabricated aluminum, the Electronics Sector provides HD media, compound semiconductors such as ultra high bright LEDs, and rare earth magnetic alloys, and the Advanced Battery Materials Department (ABM) provides lithium-ion battery components. For more information, please visit www.sdk.co.jp/english/.Contact:Showa Denko K.K., CSR & Corporate Communication Office, Tel: 81-3-5470-3235 Copyright 2020 JCN Newswire. All rights reserved. www.jcnnewswire.com

TOKYO, Dec 25, 2020 - (JCN Newswire) - Toyota Motor Corporation (TMC) announces its sales, production, and export results for November 2020 as well as the cumulative total from January to November 2020, including those for subsidiaries Daihatsu Motor Co., Ltd. and Hino Motors, Ltd.Global SalesResults in November were driven primarily by sales in China and Japan, and global sales were up approximately 2 percent year-on-year.ChinaThe market remains solid, and in addition to regional motor shows and other events to attract customers to dealers, sales of the Camry, RAV4, and Lexus brand vehicles, and other models were strong, and as a result, sales were up approximately 17 percent year-on-year.JapanDemand declined slightly in November of the previous year due to a consumption tax rate hike, and this year, sales of the new models including the Harrier, Yaris, and Raize, were strong. As a result, sales were up approximately 12 percent year-on-year, the second consecutive year-on-year increase.Global ProductionResults in November were driven primarily by production in China and Japan, and production was up approximately 7 percent year-on-year.ChinaStrong sales of the Camry and the RAV4 had an impact, and as a result, production was up approximately 11 percent year-on-year.JapanIn addition to recovery of the global market, sales in Japan of new models including the Harrier and the Yaris were strong, and as a result, production up approximately 9 percent year-on-year.For the full press release, visit https://bit.ly/2Jju0HX. Copyright 2020 JCN Newswire. All rights reserved. www.jcnnewswire.com

TOKYO, Dec 24, 2020 - (JCN Newswire) - Five Japanese companies are pleased to announce that they will be collaborating on a digitalization pilot project for Vietnam-bound trade. Slated to begin in March 2021 with operations conducted by Mitsubishi Corporation Plastics Ltd. (MCP) and Mitsubishi Corporation (MC), the project will revolve around the TradeWaltz information-sharing platform, which is managed by its namesake company TradeWaltz, Inc. (TradeWaltz). Participating in the project alongside TradeWaltz will be the platform's four initial users1, namely MCP, MC, MUFG Bank, Ltd. (MUFG), and Tokio Marine & Nichido Fire Insurance Co., Ltd. (Tokio Marine Nichido).This project has also been adopted as part of a larger scheme to help diversify overseas supply chains that was introduced in the fiscal year 2021 supplementary budget of Japan's Ministry of Economy, Trade and Industry (METI). The Japan External Trade Organization (JETRO) is serving as secretariat for the diversification scheme.Trading operations still require physical documents to be processed at both corporate and government offices, and even during the pandemic, some employees have had to report to their offices once or twice a week to do the work. If the pandemic were to worsen or some other crisis occur that prevented employees from doing this, it could slow trade and adversely impact supply chains. Recognizing that factors inhibiting fully-remote work have been on the rise during the pandemic, the Japanese government is taking urgent measures to address them. Its aim is to facilitate efforts to meet the growing need for digital documents and otherwise strengthen supply chains through diversification and digitalization. TradeWaltz's platform is designed to centrally manage digital, trade-related data, and with the company having recently digitized all documents pertaining to export standards, it is now set to commence the pilot project. Beginning in March, its systems will be connected to its four initial users, with the first set of trial operations focusing on their receipt of letters of credit, which comprise just some of the documents mentioned. Under current trade practices, one of the conditions for obtaining letters of credit from banks is that the information documented on them matches that on the relevant shipping documents. Cross checking those documents is just one of the complex, paper-based procedures that must be performed when goods are being traded. The pilot project aims to integrate within a single system all of those procedures, including the cross checks, and because it conforms to the government's objective to bolster supply chains, it has been adopted as part of the aforementioned diversification scheme. At present, the TradeWaltz platform can accommodate letters of credit from all countries, but the pilot project will focus on transactions with companies in Vietnam due to that country's status as 2020 ASEAN chair and the fact that it is one of Japan's biggest trade partners in the region (Vietnam's annual trade with Japan amounts to approximately 40 billion USD). The pilot project is being undertaken in accordance with the joint ministerial statement3 that was issued in August 2020 by Japan's Minister of Economy, Trade and Industry, Mr. Hiroshi Kajiyama, and Vietnam's Minister of Industry and Trade, Mr. Tran Tuan Anh, during the fourth meeting of the Japan-Vietnam Joint Committee on Cooperation in Industry, Trade and Energy(1) SaaS stands for Software as a Service. It is a model that makes software available for use over the Internet. Copyright 2020 JCN Newswire. All rights reserved. www.jcnnewswire.com

New Delhi, India, Dec 24, 2020 - (JCN Newswire) - Honda Cars India Ltd. (HCIL) has announced the realignment of its manufacturing operations with the goal of improving business efficiency. To maintain sustainability of operations by leveraging production & supply chain efficiencies, HCIL has decided to consolidate the manufacturing operations for vehicles and components at its Tapukara plant in Rajasthan with immediate effect for all domestic sales and exports.The company has stopped the production in Greater Noida plant. However, all Head Office functions, India R&D Centre and Spare Parts operations (including warehouse) for Automobile, Two Wheeler and Power Product business will continue to operate from Greater Noida.Gaku Nakanishi, President & CEO, Honda Cars India said, "Despite an uptick in sales in the last three months, the current market conditions remain unpredictable for the industry at large. The impact of COVID-19 has pressed us to strengthen our constitution, and to achieve the same, HCIL has decided to consolidate its manufacturing operations by making the Tapukara plant a unified manufacturing base.HCIL continues to believe in the resilience of the Indian economy and hope for a quicker recovery of the market. India is extremely important market in Honda's global strategy and HCIL is committed to bring its latest and advanced technology models including electrified vehicles in future."With resumption of operations after the COVID-19 led lockdown, HCIL successfully ramped-up its daily production volume to pre-covid level from September 2020 and has been consistently witnessing monthly sales growth for the last three months. HCIL sales showed good recovery in the festive period and the company expects to sustain this sales momentum during the coming months. About Tapukara Plant, Distt Alwar, RajasthanHCIL's Tapukara plant spreads over 450 acres with an installed production capacity of 1,80,000 units/annum and is an integrated manufacturing unit including all functions of Forging, Press Shop, Powertrain shop, Weld shop, Paint shop, Plastic Moulding, Engine assembly, Frame assembly, and Engine Testing facility. Tapukara plant is the culmination of best manufacturing know-how and practices gathered from Honda's global operations employing optimum automation, latest equipment and best layout for achieving high quality, best ergonomics, improved operational efficiency and highest level of safety. The plant also focuses greatly on the conservation of the environment and the efficient use of energy & other natural resources.About Honda Cars India Ltd.Honda Cars India Ltd. (HCIL), a leading manufacturer of premium cars in India, was established in December 1995 with a commitment to provide Honda's latest passenger car models and technologies, to the Indian customers. Honda's models are strongly associated with advanced design and technology, apart from their established qualities of durability, reliability, fuel-efficiency and safety. Copyright 2020 JCN Newswire. All rights reserved. www.jcnnewswire.com

TOKYO, Dec 23, 2020 - (JCN Newswire) - Avaloq, a Swiss-based global leader in digital banking solutions and wealth management technology, and Japan-based NEC Corporation today announced the closing of NEC's acquisition of Avaloq. Each being a market leader in their own field, the combination of their shared vision, technological strengths, and global presence, will accelerate both companies' long-term growth, global expansion and value creation strategy.This acquisition was first announced in October 2020, and following receipt of the relevant regulatory approvals, the acquisition was completed on December 22, 2020. NEC now holds 100% of Avaloq's shares, including the 45% previously held by private equity firm Warburg Pincus, as well as the remaining shares held by Avaloq's founder Francisco Fernandez and by employees. Founded in 1985, Avaloq provides powerful cloud solutions for banks and wealth managers around the globe through business process as a service (BPaaS) and software as a service (SaaS) along with on-premise solutions. Avaloq's vision for the future of wealth management is to maintain the human relationship an investor has with an advisor, to enhance the relationship through technology and to increase engagement and satisfaction. The democratization of wealth management will allow more people to have access to a greater quantity and quality of investment strategies and advice that was once reserved for ultra and high net worth individuals only. With more than 120 years of expertise, NEC is a leader in the integration of IT and network technologies that benefit businesses and people around the world. Listed on the Tokyo stock exchange, NEC is a truly global organization with office locations in more than 50 countries. As part of the acquisition, NEC Corporation has installed a new Board of Directors with NEC's Executive Vice President, Masakazu Yamashina, as the new chairman of Avaloq. Along with a new chairman, there will be four new members to the board, namely Tomoki Kubo, Tomonori Hira, Daichi Iwata and Asako Aoyama. Francisco Fernandez and Peter Schopfer will remain members of the board of directors of Avaloq Group AG. Avaloq will continue to operate as its own entity, headquartered in Switzerland, and clients will continue to enjoy the high level of service they have grown used to. This transaction will not lead to a divestment in any of our key regions or offerings, and the management is fully committed to Avaloq's growth story. Masakazu Yamashina, Executive Vice President of NEC and new chairman of Avaloq, said: "With its 35-year heritage and focus on innovation in digital banking solutions, core banking software and wealth management technology, Avaloq is uniquely qualified to launch NEC into the Digital Finance field, which together with Digital Government, is one of the pillars for building NEC's global growth. Our joint value proposition will build on Avaloq's reliable digital finance products and the trust it has established amongst its clients, coupled with NEC's cutting-edge technologies, global business network and digital government domain knowledge."Avaloq and NEC will be placing great emphasis on building a strong long-term relationship. Through the acquisition of Avaloq, NEC acquires domain knowledge in the digital finance field and enters this segment globally. Jurg Hunziker, CEO of Avaloq, said: "Avaloq will be entering a new era together with NEC. Since the announcement of the acquisition, I have spoken to many of our clients and partners and am very happy to discover that they are just as pleased with this development as I and my fellow members of the Group Executive Board are. This transaction has generated much interest and we truly believe that NEC is the best partner for our business. Our solutions will only evolve for the better when leveraging NEC's proven expertise with technologies related to Digital Identity, Artificial Intelligence, Verification, Blockchain, Cybersecurity, and Biometrics. In addition, our innovation capabilities will be elevated with NEC's strong commitment to Research & Development, evidenced by the resources it has placed towards this, including dedicated facilities in Heidelberg, Germany. I am very much looking forward to starting this new part of our exciting growth journey together with NEC."About AvaloqFounded in 1985, Swiss-based Avaloq is a global leader in digital banking solutions, core banking software and wealth management technology. We provide powerful cloud computing solutions for banks and wealth managers through business process as a service (BPaaS) and software as a service (SaaS). Avaloq is the only independent banking software provider to develop and also operate its own software.Our established core banking system is complemented by three innovative platforms -- Engage, Wealth and Insight -- providing end-to-end digital solutions at a level of simplicity that will pave the way for the democratization of wealth management. To further spur innovation, we connect our clients with selected fintechs through the Avaloq.one Ecosystem, our open banking marketplace.More than 150 banks and wealth managers with around CHF 4.5 trillion in assets managed worldwide trust Avaloq for its award-winning products and services. Avaloq has its headquarters in Zurich and employs more than 2,000 people around the world.For more information, visit Avaloq at www.avaloq.com.About NEC CorporationNEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of "Orchestrating a brighter world." NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at https://www.nec.com. 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