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Establishment of Joint Venture Company on Space Business

2 April, 2001

NEC Corporation
Toshiba Corporation

Tokyo -- NEC Corporation and Toshiba Corporation today announced the incorporation of NEC TOSHIBA Space Systems, Ltd., a joint venture company for space-related business. The new company will be headed by Mr. Hiromi Hayashi, formerly a senior vice president of NEC Corporation.

NEC and Toshiba announced an agreement to unify their space-related business operations in December last year. They have subsequently agreed to transfer their space operations to the new company in the coming six months, ready for it to start operation in October 2001.

The unified business will enjoy increased resources and offer superior space related systems and cost competitiveness. NEC TOSHIBA Space Systems, Ltd. will enjoy a reinforced position in the domestic business and will adopt a proactive approach to overseas markets. In addition to satellite subsystems and components, such as transponders, sensors, solar array panels and large deployable reflectors, the company will strongly promote its capabilities in the design and system integration of satellite systems.

Outline of Joint Venture Company

Company name NEC TOSHIBA Space Systems, Ltd.
Date of establishment April 2, 2001
Capital 3.5 billion yen at initial stage
Shareholding NEC 60%, Toshiba 40%
Employees approximately 1,200 at initial stage
President Hiromi Hayashi, Senior Vice President of NEC Corporation
Headquarters address Shin-Yokohama 2-6-3, Kohoku-ku Yokohama
Manufacturing sites NEC Yokohama Plant and Toshiba's Komukai Operations, Keihin Product Operations and Fuchu Complex
Sales target approximately 100 billion yen in FY2005
Business domains
* Planning, design, manufacture, integration and testing, sales, operation and servicing of satellites, manned space stations and space systems, including spacecraft onboard equipment and other subsystems or components, and ground systems.
* Consultation on space products and systems.

Press Contacts

  • NEC Corporation
    Ken Fukuchi
    Akiko Shikimori
    Corporate Communication Division, NEC Corporation
    Phone: ++81-3-3798-6511
    Fax: ++81-3-3457-7249
    e-mail: k-fukuchi@az.jp.nec.com, a-shikimori@ay.jp.nec.com

  • Toshiba Corporation
    Midori Suzuki
    Corporate Communications Office, Toshiba Corporation
    Tel: +81-3-3457-2105
    Fax: +81-3-5444-9202
    e-mail: press@toshiba.co.jp

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