The General Incorporated Association Generative AI Japan Announces the Winners of the Japan Generative AI Award 2024 JCN Newswire

The General Incorporated Association Generative AI Japan Announces the Winners of the Japan Generative AI Award 2024

TOKYO, Dec 27, 2024 - (JCN Newswire via SeaPRwire.com) - The General Incorporated Association Generative AI Japan, in collaboration with Nikkei Business, an economic media outlet published and operated by Nikkei BP, today announced the winners of the Japan Generative AI Award 2024, which recognize outstanding examples of Generative AI applications, including the Grand Prix and other awards. This award was held for the first time this year, and 139 applications were received over a period of about one month from early September to early October. A panel of judges made up of experts in the field of Generative AI conducted a rigorous review, and eight awards were given out, including the Grand Prix.The names of the projects, organizations and overview of the projects of the one grand prix winner, two special award winners, and five excellence award winners of the Japan Generative AI Award 2024 are as follows.One Grand Prix Winner for Japan Generative AI Award 2024Nagoya Railroad Group's project to utilize Generative AI in three layers, Nagoya Railroad Co., Ltd.The Nagoya Railroad/Meitetsu Group is promoting the use of Generative AI as part of its Group DX management agenda, and the Digital Promotion Department is developing tools and providing support for their use, with three levels of utilization. Depending on the level of utilization, tools that can be used widely within the Group and tools that can use RAG are deployed. Through strengthening controls and providing support for utilization, they are promoting the recognition of the effectiveness of Generative AI by those in charge of operations and the creation of utilization cases that directly contribute to service improvement.Two Special Award Winners for Japan Generative AI Award 2024A solution for supporting hospital management that maximizes human capital, made possible by generative AI, Ubie, Inc.“Ubie Medical Navi Generative AI” is being used in a variety of situations at medical institutions, with an intuitive UI that supports nearly 20 use cases and flexible prompt tuning. In the case of the discharge summary creation use case, there was a significant 42.5% improvement in efficiency and a 27% reduction in psychological burden between the groups that used the generative AI and those that did not (n=189). By appropriately allocating the resources created by this efficiency improvement, they aim to support hospital management and ultimately optimize Japan's medical expenses.A society where anyone can get legal advice - AI legal consultation chat service using generative AI, Bengo4.com, Inc.“Chat Legal Consultation” is Japan's first AI legal consultation chat service, which has been trained using questions and answers extracted from the more than 1.38 million consultation data received by “Legal Consultation for Everyone”, a free legal consultation service operated by Bengo4.com. It specializes in gender-related issues, which account for a large proportion of legal consultations, and currently has around 56,000 consultations. *This service does not provide legal opinions, nor does it replace the services provided by lawyers.Five Excellence Award Winners for Japan Generative AI Award 2024A new era of business innovation, made possible by Generative AI, NEC Business Intelligence, Ltd.NEC Business Intelligence is using generative AI to implement cross-functional reforms in common tasks such as accounting and human resources, which had been an issue for 10 years. They have shifted the focus of business efficiency from people to generative AI and have redesigned their business processes with generative AI at their core. They introduced examples and business impacts for each layer that have achieved overall optimization by implementing business reforms in a balanced way across three layers (user experience, operations, and platform), rather than just focusing on the effects of individual measures.Approximately 10,000 hours of labor per year saved in the production of promotional emails using generated AI + RPA, Seven & i Holdings Co., Ltd.When sending promotional emails to the 7iD members, who number approximately 35 million, there were two issues: the cost issue of the significant time and expense involved in creating the emails, and the effectiveness issue of improving the open rate (the percentage of emails opened). These issues were solved using AI and RPA. As a result, production time was reduced by approximately 10,000 hours per year, and outsourcing costs were reduced by approximately 84%. In addition, the open rate for emails improved by approximately 103%.Building material selection assistant using “Tile AI”, TileLife Co., Ltd.This is a website where you can easily search for the tiles you want using a dialogue format with a tile-specialist AI that crosses over tile manufacturers. 28 tile manufacturers (over 30,000 products) have already joined, so there is no need to compare multiple catalogs. Designers and architects can greatly reduce the time spent choosing tiles and focus on their creative work. In the future, with AI-based multilingual support, they aim to provide convenience and enjoyment in choosing tiles in the global tile market, which is more than 300 times the size of the Japanese tile market.Democratization of Generative AI - Everyone can use Generative AI to create a new form of work that will open up the future, Lion Corporation.At LION, they have been promoting the use of Generative AI since its early stages, with the commitment of the management team, but they faced the problem that the needs of each department were increasing and development could not keep up. Therefore, they introduced a tool that could be developed by ordinary employees on their own cloud. As a result, many cases of use have been created, and AI agents that lead to increased operational efficiency and quality are being created. In the future, they will further promote the “democratization of Generative AI” and acquire the competitiveness to realize their management vision.Development of a unique AI system customized for schools to enhance educational activities, Kudan Secondary SchoolAmidst the growing demand for digital human resource development using Generative AI, they have developed the “otomotto” Generative AI system, which is suitable for use in junior high and high school education. This system provides an environment where all students can choose and use the LLM model without age or usage restrictions and supports safe and efficient learning. Examples of its use include supporting individual optimal learning for students, and it also reduces the burden on teachers by streamlining the preparation of teaching materials. This system is making a significant contribution to improving the quality of education.Overview of the Japan Generative AI Award 2024Judging Criteria: Problem setting, Implementation, Impact, Governance, Potential for the future.Head of the Judging Committee: Hiroaki Miyata, Professor, Faculty of Medicine, Keio University / Representative Director, The General Incorporated Association Generative AI JapanJury members:Akiko Murakami, Director, Japan AI Safety InstituteKan Suzuki, Professor, Tokyo University and Keio UniversityMizuki Oka, Associate Professor, Department of Systems and Information Engineering, University of Tsukuba / Representative Director, ConnectSphere Inc.Shigeru Urushibara, Chairman and CEO, UL Systems, Inc.Akihiko Kono, Executive Officer, Associate Vice President, CIO, Panasonic Connect Co., Ltd.Keisuke Kuniyoshi, General Manager, Data Solutions Department, Benesse Holdings, Inc.Masahiro Sato, Professor and Assistant to the President, Digital Hollywood UniversityEri Shirai, Executive Officer, Members Co., Ltd. / President, Member's Data Adventure CompanyEmi Tamaki, Professor, Faculty of Engineering, University of the Ryukyus / Representative Director, H2L Inc. / Professor, Graduate School of Engineering, University of TokyoJoji Noritake, President and Representative Director, Baycurrent Consulting Inc.Tomio Kikyoubara, Fellow, Nikkei BP Research InstituteToshiyuki Sugiyama, Chief Consultant, Senior Researcher, Nikkei BP Research InstituteNaotaka Owada, Director, Innovation ICT Laboratory, Nikkei BP Research InstituteTakashi Hara, Editor-in-Chief of Nikkei Business OnlineOrganized by The General Incorporated Association Generative AI JapanCo-sponsored by Nikkei BusinessSupported by Nikkei BP Research InstituteSupported by: Digital Agency, Ministry of Economy, Trade and Industry, Ministry of Education, Culture, Sports, Science and Technology, JETRO, Information-technology Promotion Agency, AI Safety Institute, Japan Deep Learning AssociationAbout Nikkei BPCompany name: Nikkei Business Publications, Inc.Date of establishment: April 5, 1969Representative: Tetsuya Iguchi, President and CEOAddress: 4-3-12 Toranomon, Minato-ku, TokyoURL: https://www.nikkeibp.co.jp/About The General Incorporated Association Generative AI JapanThe General Incorporated Association Generative AI Japan was established in January 2024 with the aim of promoting the use of Generative AI through industry-academia collaboration, developing rules and guidelines, making recommendations, and so on, and enhancing Japan's industrial competitiveness. The representative director is Professor Hiroaki Miyata of the Faculty of Medicine at Keio University, and 18 experts from academia and cutting-edge companies have been appointed as directors and advisors, with 70 companies as members. (As of November 2024)Organization name: General Incorporated Association Generative AI JapanDate of registration: January 9, 2024Representative director: Hiroaki MiyataAddress: 1-34 Ochiai, Tama City, TokyoURL: https://generativeaijapan.or.jp/ContactFor inquiries regarding this announcement, please contact the Generative AI Japan Secretariat ( jimukyoku@generativeaijapan.or.jp ) Copyright 2024 JCN Newswire via SeaPRwire.com.
More
MHI Included in “World Index” of Dow Jones Sustainability Index for Second Consecutive Year JCN Newswire

MHI Included in “World Index” of Dow Jones Sustainability Index for Second Consecutive Year

TOKYO, Dec 27, 2024 - (JCN Newswire via SeaPRwire.com) - Mitsubishi Heavy Industries, Ltd. (MHI) has been selected for inclusion in the "World Index" of the Dow Jones Sustainability Index (DJSI), one of the world's leading investment indices for ESG (environmental, social and governance) performance. This is the second consecutive year that MHI has been included in the world index.The Company scored an overall ranking in the 97th percentile, in reflection of its strong initiatives in all ESG areas and the high quality of its disclosure reports.The DJSI was developed in 1999 by the U.S. firm S&P Dow Jones Indices and the Swiss investment advisory company RobecoSAM. Based on long-term shareholder value, listed companies around the world are assessed in terms of their overall economic, environmental, and social criteria, with those determined to have exceptional sustainability selected for inclusion in the index. MHI was one of 321 companies selected for the DJSI's 2024 World Index (of which 37 were Japanese companies).MHI Group proactively implements a diverse portfolio of ESG measures toward realizing a sustainable society. These include measures to reduce environmental loads from its own and its value chain, active promotion of diversity, and strengthening of the Company's corporate governance and disclosures.Going forward, MHI will continue robust pursuit of its dual aims of realizing a sustainable society and building up its enterprise value over the long term.About MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com. Copyright 2024 JCN Newswire via SeaPRwire.com.
More
TOYOTA GAZOO Racing to Exhibit at Tokyo Auto Salon 2025 JCN Newswire

TOYOTA GAZOO Racing to Exhibit at Tokyo Auto Salon 2025

Toyota City, Japan, Dec 26, 2024 - (JCN Newswire via SeaPRwire.com) - TOYOTA GAZOO Racing (TGR) plans to exhibit at Tokyo Auto Salon 2025* to be held at Makuhari Messe (in Chiba City, Japan) for three days from January 10 to 12, 2025. Chairman Akio Toyoda, aka Master Driver Morizo, is due to present at a press conference scheduled to start at 9:30 a.m. on January 10 under the main theme of "Car-making at Nürburgring", which is the starting point of TGR and Morizo.TGR is set to exhibit this time, along with Daihatsu Motor Co., Ltd., at Makuhari Messe's North Hall. TGR's booth will include the "LAND CRUISER BASE" display for promoting the fun of customizing the Toyota Land Cruiser, which was hitherto put on separately by Toyota Auto Body Co., Ltd. This coming together by members of the Toyota Group aims to boost excitement at Tokyo Auto Salon 2025.During the event's three days, TGR plans to hold talk sessions featuring various personalities, as well as outdoor vehicle demo runs. Detailed information on exhibited vehicles, the talk sessions, the demo runs, and others can be found on the following special https://toyotagazooracing.com/eventexhibition/tokyoautosalon/Nürburgring―Morizo's starting pointTGR's exhibit is planned to feature vehicles related to competing at the Nürburgring, which is known as the world's toughest road circuit and the starting point of TGR and Morizo. Morizo and then-Toyota Master Driver Hiromu Naruse, who was Morizo's driving mentor, based on their shared belief that "races are the best places to pass on skills and develop human resources", competed in the Nürburgring 24 Hours endurance race for the first time in 2007. In their "DIY-style" team that took up the challenge, Toyota employees served as drivers and engineers, and the vehicle they competed in was a modified used Toyota Altezza. Representing the starting point of TGR's philosophy of making ever-better motorsports-bred cars, TGR plans to display, among other cars, the TOYOTA ALTEZZA #109 (2007 NÜR 24h) used by that first team and the TOYOTA SUPRA (NÜR training car) that served as Morizo's Nürburgring training vehicle at the time.Talk sessions and outdoor demo runsThe talk sessions, under the theme of "Challenging the Nürburgring", are to feature Morizo and TGR drivers active in Japan and abroad as well as various programs including one in which professional drivers, evaluation drivers, and engineers talk about the past and future. Also, Morizo, TOYOTA GAZOO Racing-World Rally Team (TGR-WRT) Team Principal Jari-Matti Latvala, TGR-WRT Deputy Team Principal Juha Kankkunen, and driver Norihiko Katsuta are to perform outdoor demo runs in a rally cars and a concept vehicle model. Details on the dates, times, and contents will be posted on the special website mentioned above as they become available.*A customized car event; January 10: business day (industry and press), January 11 and 12: general public days. Copyright 2024 JCN Newswire via SeaPRwire.com.
More
JCB Launches Red Guahan Shopping Mall Shuttle Free Ride Promotion in Guam JCN Newswire

JCB Launches Red Guahan Shopping Mall Shuttle Free Ride Promotion in Guam

TOKYO & GUAM, Dec 26, 2024 - (JCN Newswire via SeaPRwire.com) - JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan’s only international payment brand, and T.P. Micronesia, Inc. (Lam Lam Tours and Transportation), one of the JTB Corp.’s group companies, are launching a new Red Guahan Shopping Mall Shuttle Free Ride Promotion in Guam from January 6, 2025 to April 25, 2025.The Red Guahan Shopping Mall Shuttle runs a route that connects Guam's major shopping centers, Guam Premier Outlets, Micronesia Mall, Village of Donki, Kmart and Dusit Plaza. JCB’s 164 million cardmembers can take advantage of this offer by simply presenting their JCB Card[1] to the driver when they board the bus to receive their free ride.JCB launched the promotion as previous promotions held in 2023 proved to be very popular with visitors outside of Guam. This promotion is open to JCB cardmembers only (passengers accompanied by JCB cardmembers are not eligible)[2].For more information, please visit :https://www.specialoffers.jcb/en/campaign/detail/guamredshuttle/82120/JCB offers special offers and convenient services to JCB cardmembers at more than 100 merchants in Guam. For more information on JCB’s special offers, please visit:https://www.specialoffers.jcb/en/offers/d/pacific-islands/guam/About Red Guahan Shopping Mall ShuttleThe Red Guahan Shopping Mall Shuttle is a fixed route bus service that provides transportation in Guam, connecting Guam's major shopping centers.About Lam Lam Tours and TransportationT.P. Micronesia, Inc. dba Lam Lam Tours & Transportation owns a fleet of large buses, limousines, trolleys, and other vehicles and provides a variety of transportation services in Guam, including the Red Guahan Shuttle, shuttles between the airport and hotels, and chartered buses.About JCBJCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 53 million merchants around the world. JCB Cards are now issued mainly in Asian countries and territories, with more than 164 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/ContactAnna TakedaCorporate CommunicationsTel: +81-3-5778-8353Email: jcb-pr@info.jcb.co.jp[1] Prepaid cards and virtual cards are not included.[2] Those who are not eligible must purchase a ticket. (Children 5 years old and under travel free of charge) Copyright 2024 JCN Newswire via SeaPRwire.com.
More
MHI Conducts Nighttime and Long-Distance Highway Demonstration Testing of Unmanned Aerial Vehicle Currently Under Development JCN Newswire

MHI Conducts Nighttime and Long-Distance Highway Demonstration Testing of Unmanned Aerial Vehicle Currently Under Development

- Testing conducted on the Joban Expressway using a small type UAV, realizing quick and safe highway condition check- Tests confirmed stable nighttime and long-distance flight capability and ability for recognizing road conditions and fallen objectsTOKYO, Dec 26, 2024 - (JCN Newswire via SeaPRwire.com) - Mitsubishi Heavy Industries, Ltd. (MHI), in cooperation with East Nippon Expressway Company Limited (NEXCO EAST), recently conducted highway condition check demonstration testing of an unmanned aerial vehicle (UAV) on the Joban Expressway, managed by NEXCO, during a nighttime road closure. The tests confirmed the effectiveness of using UAVs to conduct patrols on highways in place of conventional patrol cars.The demonstration testing was conducted on a 10.2 km section of the Joban Expressway between Okuma and Namie interchanges using a small type single-rotor UAV currently under development by MHI's Commercial Aviation Systems segment. The test confirmed that the UAV is capable of automatic nighttime flight at the speed of 50 to 60 km/h stably on the highway, and that its on-board camera can recognize road surface conditions and fallen objects on the highway at nighttime.In the future, demonstration tests of AI-based automatic recognition of falling objects and simultaneous operation of multiple UAV are planned.The specifications of this highway demonstration testing UAV are provided below.Going forward, MHI will continue to contribute to the realization of a safe, secure, and comfortable society by solving various issues associated with UAV.Specifications of the Engine-Type Small-Size UAV- Single-rotor type that takes wind resistance (wind speed 20 m/s) into consideration- Driven by a gasoline engine- Dimensions: Approx. 2 m x 0.5 m x 0.9 m (length x width x height)- Flight duration: Up to 2 hours- Air speed: Cruising speed of 80 km/h (maximum 130 km/h)- Payload: 7kg (including fuel)Additional equipment for demonstration testing- Visible light + Infrared (IR) camera to monitor road conditions- Lights for road surface illumination, for nighttime flyingAbout MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com. Copyright 2024 JCN Newswire via SeaPRwire.com.
More
Hitachi delivers a turnkey rail solution for Ho Chi Minh City’s first urban railway Line 1 in Vietnam JCN Newswire

Hitachi delivers a turnkey rail solution for Ho Chi Minh City’s first urban railway Line 1 in Vietnam

TOKYO & HO CHI MINH, Dec 24, 2024 - (JCN Newswire via SeaPRwire.com) - Hitachi, Ltd. (TSE: 6501, "Hitachi") has delivered a complete electrical and mechanical system for Ho Chi Minh City urban railway Line 1 in Vietnam, and the new line opened on December 22.Line 1 is the first urban railway project in Ho Chi Minh City. It is a 19.7 km railway line (underground section has 3stations and elevated section has 11 stations) that connects Ben Thanh Station in the centre of Ho Chi Minh City toSuoi Tien Terminal Station in the northeast of the city where there is an important bus terminal heading to the northern provinces.The line was constructed with the funds of a yen loan provided by Japan International Cooperation Agency (JICA).Hitachi supplied the system including 17 train sets (51 cars), state-of-the-art Communications- Based Train Control(CBTC) signalling system, telecommunication system including wireless train radio system, power supply system, platform screen doors, automatic fare collection system, overhead wire and track construction, and rail yard facilities.In Vietnam, the rapid increase in road traffic volumes resulting from economic growth has become a serious issue. Through this project, Hitachi will support the growth of more sustainable transportation.About Hitachi, Ltd.Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the 3 business sectors of “Digital Systems & Services” – supporting our customers’ digital transformation; “Green Energy & Mobility” – contributing to a decarbonized society through energy and railway systems, and “Connective Industries” – connecting products through digital technology to provide solutions in various industries. Driven by Digital, Green, and Innovation, we aim for growth through co-creation with our customers. The company’s revenues as 3 sectors for fiscal year 2023 (ended March 31, 2024) totaled 8,564.3 billion yen, with 573 consolidated subsidiaries and approximately 270,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com. Copyright 2024 JCN Newswire via SeaPRwire.com.
More
Nissan and Honda sign MOU to consider business integration JCN Newswire

Nissan and Honda sign MOU to consider business integration

TOKYO, Dec 24, 2024 - (JCN Newswire via SeaPRwire.com) - Nissan Motor Co., Ltd. ("Nissan") and Honda Motor Co., Ltd. ("Honda") have signed a memorandum of understanding (MOU) to start discussions and considerations toward a business integration between the two companies through the establishment of a joint holding company.To further accelerate their efforts toward achieving a carbon-neutral society and a zero-traffic-fatality society, Nissan and Honda signed an MOU on March 15 regarding a strategic partnership for the era of vehicle intelligence and electrification. Since then, the two companies have held discussions aimed at collaboration in various fields.On August 1, both companies signed a further MOU to deepen the framework of the strategic partnership. The companies also announced that they had agreed to carry out joint research in fundamental technologies in the area of platforms for next-generation software-defined vehicles (SDVs), particularly in the areas crucial for intelligence and electrification, to advance focused discussions toward more concrete collaboration.Throughout the process, Nissan and Honda have engaged in discussions in consideration of various possibilities and options. At the same time, the business environment for both companies and the wider automotive industry has rapidly changed and the speed of technological innovation has continued to accelerate. The MOU between Nissan and Honda announced today is aimed to serve as an option to maintain global competitiveness and for the two companies to continue to deliver more attractive products and services to customers worldwide.If the business integration can be realized, both companies can aim to integrate their respective management resources such as knowledge, human resources, and technologies; create deeper synergies; enhance the ability to respond to market changes; and expect to improve mid- to long-term corporate value. Additionally, Nissan and Honda can aim to further contribute to the development of Japan's industrial base as a “leading global mobility company” by integrating Nissan and Honda's four-wheel-vehicle and Honda's motorcycle and power products businesses, enabling the brands of both companies to become more attractive and to deliver more attractive and innovative products and services to customers worldwide.Marking the announcement, Nissan Director, President, CEO and Representative Executive Officer Makoto Uchida said: "Today marks a pivotal moment as we begin discussions on business integration that has the potential to shape our future. If realized, I believe that by uniting the strengths of both companies, we can deliver unparalleled value to customers worldwide who appreciate our respective brands. Together, we can create a unique way for them to enjoy cars that neither company could achieve alone."Honda Director and Representative Executive Officer Toshihiro Mibe said: “Creation of new mobility value by bringing together the resources including knowledge, talents, and technologies that Honda and Nissan have been developing over the long years is essential to overcome challenging environmental shifts that the auto industry is facing. Honda and Nissan are two companies with distinctive strengths. We are still at the stage of starting our review, and we have not decided on a business integration yet, but in order to find a direction for the possibility of business integration by the end of January 2025, we strive to be the one and only leading company that creates new mobility value through chemical reaction that can only be driven through synthesis of the two teams."Potential synergies from the business integrationNissan and Honda will establish an integration preparatory committee to facilitate a smooth integration and will conduct focused discussions.Based on the committee’s discussions, as well as the results of due diligence, the companies will examine and analyze more specific synergies. By promptly realizing the synergies from the integration, Nissan and Honda can aim to become a world-class mobility company with sales revenue exceeding 30 trillion yen and operating profit of more than 3 trillion yen.The expected synergies from the business integration at this time are: 1. Scale advantages by standardizing vehicle platforms- By standardizing the vehicle platforms of both companies across various product segments, the companies expect to create stronger products, reduce costs, enhance development efficiencies, and improve investment efficiencies through standardized production processes.- The integration is projected to increase sales and operational volumes, allowing the companies to reduce development costs per vehicle, including for future digital services, while maximizing profits.- By accelerating the mutual complementation of their global vehicle offerings - including ICE, HEV, PHEV, and EV models - Nissan and Honda will be better positioned to meet diverse customer needs around the world and deliver optimal products, leading to improved customer satisfaction.2. Enhancement of development capabilities and cost synergies through the integration of R&D functions- In accordance with the MOU to deepen strategic partnership and the joint research agreement on fundamental technologies dated August 1, the two companies have started joint research in fundamental technologies in the area of vehicle platforms for next-generation software-defined vehicles (SDVs), which is the cornerstone of the field of intelligence. After the business integration, both companies will encompass more integrated collaboration across all R&D functions, including fundamental research and vehicle application technology research. This approach is expected to enable both companies to efficiently and swiftly enhance their technological expertise, achieving both improvements in development capabilities and reductions in development costs through the integration of overlapping functions.3. Optimizing manufacturing systems and facilities- The companies anticipate that optimizing their manufacturing plants and energy service facilities, combined with improved collaboration through the shared use of production lines, will result in a substantial improvement in capacity utilization leading to a decrease in fixed costs.4. Strengthening competitive advantages across the supply chain through the integration of purchasing functions- To fully leverage the synergies from optimizing development and production capacity, both companies intend to boost their competitiveness by improving and streamlining purchasing operations and source common parts from the same the supply chain and in collaboration with business partners.5. Realizing cost synergies through operational efficiency improvements- The companies expect that the integration of systems and back-office operations, along with the upgrade and standardization of operational processes, will drive significant cost reductions.6. Acquisition of scale advantages through integration in sales finance functions- By integrating relevant areas of sales finance functions of both companies and expanding the scale of operations, the companies aim to provide a range of mobility solutions, including new financial services throughout the vehicle lifecycle, to customers of both organizations.7. Establishment of a talent foundation for intelligence and electrification- The human resources of the companies are an invaluable asset, and establishing a strong human resource foundation is crucial for the transformation that will come with the business integration. After the integration, increased employee exchanges and technical collaboration between the companies are expected to promote further skill development. Moreover, by leveraging each company's access to talent markets, attracting exceptional talent will become more attainable.Method of business integration and stock listingNissan and Honda, with the result of the consideration, plan to establish, through a joint share transfer, a joint holding company that will be the parent company of both companies. This will be subject to approval at each company's general meeting of shareholders and obtaining necessary approvals from relevant authorities for this business integration, based on the premise that Nissan's turnaround*1actions are steadily executed. Both Nissan and Honda will be fully owned subsidiaries of the joint holding company*2.Additionally, the companies plan to continue coexisting and developing the brands held by Honda and Nissan equally.- Shares of the newly established joint holding company under consideration are planned to be newly listed (technical listing) on the Prime Market of the Tokyo Stock Exchange (“TSE”). The listing is scheduled for August 2026.- With the listing of the joint holding company, both Nissan and Honda will become wholly owned subsidiaries of the joint holding company and will be scheduled to be delisted from the TSE. However, shareholders of both companies will continue to be able to trade shares of the joint holding company issued during this share transfer on the TSE.- The listing date of the joint holding company and the delisting date of both Nissan and Honda will be determined in accordance with the regulations of the TSE.- Regarding the organizational structure of the joint holding company, and both companies which will become wholly-owned subsidiaries of the joint holding company after the business integration, the optimal structure for realizing synergies, including the integration of R&D functions, purchasing functions, and manufacturing functions, will be discussed and considered within the integration preparatory committee, with the aim of establishing an organizational structure that enables efficient and highly competitive business operations after the business integration.Schedule for the business integrationBoard of directors’ resolutionDecember 23, 2024Execution of the MOUDecember 23, 2024Execution of a definitive agreement concerning the business integration (including the share transfer plan)June 2025 (planned)Extraordinary shareholders' meeting of the companies (resolutions to approve the share transfer)April 2026 (planned)Delisting from the TSEEnd of July-August 2026 (planned)Effective date of the share transferAugust 2026 (planned)Note: The above schedule is tentative and may change as a result of consultation by the companies. In addition, an announcement will be promptly made if reasons arise, such as procedures under applicable competition laws, to change the schedule of the business integration process or to cancel the business integration itself.Share transfer ratioThe share transfer ratio for the share transfer will be determined by the time of concluding the final definitive agreement regarding the business integration. The determination will be based on the results of due diligence, third-party valuations with reference to the average closing prices of each company's shares over a certain period prior to the announcement of the MOU. Management structure following the realization of business integrationAt the time of the effective date of the share transfer, it is planned that Honda will nominate a majority of each of the internal and external directors of the joint holding company. President and representative director or president and representative executive officer of the joint holding company will be selected from among the directors nominated by Honda.Other details of the joint holding company, including the name, registered office, representatives, executive composition, and organizational structure will be determined by the time of the execution of the definitive agreement, based on discussions and consideration aligned within the purpose of the business integration at the upcoming integration preparatory committee, as well as the results of the due diligence.Nissan‘s actions to turnaround its performance and create a leaner, more resilient business capable of swiftly adapting to changes in the marketIf necessary procedures arise in the process of this share transfer or for other reasons, changes may occur based on discussions and agreements between both companies.Honda and Nissan may file a registration statement on Form F-4 (“Form F-4”) with the U.S. Securities and Exchange Commission (the “SEC”) in connection with the possible share transfer pertaining to the business integration between them (the “Share Transfer”), if it is conducted. The Form F-4 (if filed in connection with the Share Transfer) will contain a prospectus and other documents. If a Form F-4 is filed and declared effective, the prospectus contained in the Form F-4 will be mailed to U.S. shareholders of Honda and Nissan prior to the shareholders’ meetings at which the Share Transfer will be voted upon. The Form F-4 and prospectus (if the Form F-4 is filed) will contain important information about Honda and Nissan, the Share Transfer and related matters. U.S. shareholders of Honda and Nissan to whom the prospectus is distributed are urged to read the Form F-4, the prospectus and other documents that may be filed with the SEC in connection with the Share Transfer carefully before they make any decision at the respective shareholders’ meeting with respect to the Share Transfer. Any documents filed or furnished with the SEC in connection with the Share Transfer will be made available when filed, free of charge, on the SEC’s web site at www.sec.gov. In addition, the documents will be mailed to any shareholder of Honda or Nissan upon request for free of charge. To make a request, please refer to the following contact information.Honda Motor Co., Ltd.1-1, Minami-Aoyama 2-chome Minato-ku, Tokyo 107-8556 JapanAttention: Masao KawaguchiHead of Accounting and Finance Supervisory Unit(Tel. +81-3-3423-1111)Nissan Motor Co., Ltd.1-1, Takashima 1-chome Nishi-ku, Yokohama, Kanagawa, 220-8686 JapanAttention: Julian KrellVice President, IR Department(Tel. +81-45-523-5523)FORWARD-LOOKING STATEMENTS This document includes “forward-looking statements” that reflect the plans and expectations of Honda and Nissan (collectively the “Companies”) in relation to, and the benefits resulting from, the business integration between them (the “Business Integration”) and the potential benefits that may be realized through it. To the extent that statements in this document do not relate to historical or current facts, they constitute forward-looking statements. These forward-looking statements are based on the current assumptions and beliefs of the Companies in light of the information currently available, and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause the actual results, performance, achievements or financial position of one or both of the Companies (or the group after the Business Integration) to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements. The Companies undertake no obligation to and have no intention to publicly update any forward-looking statements after the date of this document. Investors are advised to consult any further disclosures by the Companies (or the group after the Business Integration) in their subsequent filings in Japan and filings with the SEC pursuant to the U.S. Securities Exchange Act of 1934. The risks, uncertainties and other factors referred to above include, without limitation:- changes in the economic situation, market demand, and competitive environment surrounding the automobile market in and outside Japan- financial uncertainty domestically and internationally, or changes in other general economic or industry situation- interest rates and other market risks- changes in the credit ratings of the Companieschanges in laws and regulations (including environmental regulations) related to the business activities of the Companies- increases in tariffs, introduction of import regulations, and other changes in the major markets of the Companiesfailure to finalize the definitive agreement(s) concerning the Business Integration- delays in the review or approvals from relevant authorities needed for the Business Integration, or failure to obtain such approvals from relevant authorities- the possibility of not being able to realize the synergies or added value expected from the Business Integration, or achieving such realizations become difficult; andother risks associated with completing the Business Integration. Copyright 2024 JCN Newswire via SeaPRwire.com.
More
Olympus Named to Dow Jones Sustainability World Index for the Fourth Consecutive Year JCN Newswire

Olympus Named to Dow Jones Sustainability World Index for the Fourth Consecutive Year

TOKYO, Dec 24, 2024 - (JCN Newswire via SeaPRwire.com) - Olympus Corporation (Olympus), a global MedTech company committed to making people’s lives healthier, safer and more fulfilling, today announced that it has been selected for inclusion in the 2024 Dow Jones Sustainability World Index (DJSI World), one of the most globally recognized corporate sustainability indices. Olympus has now been named to the DJSI World for four consecutive years. Olympus has also been named to the 2024 Dow Jones Sustainability Asia Pacific Index (DJSI Asia Pacific) for six.ESGThe Dow Jones Sustainability Indices (DJSI) are corporate sustainability evaluation indices for environmental, social, and governance (ESG) investment. Jointly developed by S&P Dow Jones Indices and RobecoSAM, the DJSI track the financial performance of leading companies according to ESG criteria. These indices are updated annually to include companies with excellent corporate sustainability practices.In 2024, 321 companies were selected as DJSI World members from approximately 3,500 companies worldwide in 62 industry sectors. Olympus is one of the 7 companies out of 71 to have been included in the DJSI World Health Care Equipment & Supplies sector. In addition to ”Tax Reporting,” ”Risk and Crisis Management” and ”Labor Practices,” Olympus was recognized this year with improved scores in the areas of ”Climate Strategy” and ”Materiality” compared to last year.In the area of ”Climate Strategy”, Olympus was recognized for its near-term targets1 and net-zero target2 being approved by the Science Based Targets initiative (SBTi). In the area of ”Materiality”, Olympus was recognized for its appropriate target setting and policy management aimed at resolving important issues.Comment from Yasuo Takeuchi, Director, Representative Executive Officer, Executive Chairperson and ESG Officer at Olympus“We have made changes to our management structure as a shift towards the next level of growth in FY2024 and beyond. Under the new structure, we have worked in an even more unified manner to take a proactive approach to ESG goals and actively strengthen our efforts to address our materiality. We are very pleased to have been selected by DJSI World for the fourth consecutive year, as we consider it a recognition of our efforts. Olympus will continue to actively develop a variety of initiatives to fulfill Our Purpose of ‘Making people's lives healthier, safer and more fulfilling,’ and to contribute to the realization of a sustainable society.”ESG InitiativesFor more information on Olympus’ ESG initiatives, please refer to its Integrated Report 2024 and the Sustainability page on its website.In addition to the DJSI World and Asia Pacific, Olympus was also named to the FTSE4Good Index Series and FTSE Blossom Japan Index.1 Olympus commits to reduce absolute scope 1 and 2 GHG emissions 70% by FY2031 from a FY2020 base year. Olympus also commits that 80% of its suppliers by emissions covering purchased goods and service, capital goods, and upstream transportation and distribution will have science-based targets by FY2028.2 Olympus commits to reach net-zero GHG emissions across the value chain by 2040.About OlympusAt Olympus, we are committed to Our Purpose of making people’s lives healthier, safer and more fulfilling. As a global medical technology company, we partner with healthcare professionals to provide best-in-class solutions and services for early detection, diagnosis and minimally invasive treatment, aiming to improve patient outcomes by elevating the standard of care in targeted disease states. For more than 100 years, Olympus has pursued a goal of contributing to society by producing products designed with the purpose of delivering optimal outcomes for its customers around the world. For more information, visit https://www.olympus-global.com/ and follow our global X account: @Olympus_Corp.Media contact:Mail: Global-Public_Relations@olympus.com Olympus Corp [TYO: 7733] [ADR: OLYMY] [STU: OLY1] [FRA: OLYS] https://www.olympus-global.com Copyright 2024 JCN Newswire via SeaPRwire.com.
More
Nissan, Honda, and Mitsubishi Motors sign MOU on collaborative considerations JCN Newswire

Nissan, Honda, and Mitsubishi Motors sign MOU on collaborative considerations

TOKYO, Dec 24, 2024 - (JCN Newswire via SeaPRwire.com) - Nissan Motor Co., Ltd. ("Nissan"), Honda Motor Co., Ltd. ("Honda"), and Mitsubishi Motors Corporation ("Mitsubishi Motors") have signed a memorandum of understanding (MOU) to explore the possibility of Mitsubishi Motors’ participation, involvement, and synergy sharing in relation to the business integration through the establishment of a joint holding company outlined in an MOU signed between Nissan and Honda.Nissan, Honda, and Mitsubishi Motors have reached a basic agreement to proceed with discussions based on the framework established in the MOU signed by Nissan and Honda on August 1 regarding the commencement of a strategic partnership focused on intelligence and electrification. Mitsubishi Motors has been participating in this framework, and the three companies have been proceeding with discussions.Following the agreement between Nissan and Honda to start consideration toward a business integration through the establishment of a joint holding company amid the dramatic changes in the environment surrounding both companies and the automotive industry, the three companies have agreed to explore the possibility of achieving synergies at an increased level through Mitsubishi Motors’ participation or involvement in the business integration. Mitsubishi Motors aims to reach its conclusion by the end of January 2025 on the participation or involvement in the business integration between Nissan and Honda.Marking the announcement, Nissan Director, President, CEO and Representative Executive Officer Makoto Uchida said:“Honda and Nissan have begun considering a business integration, and will study the creation of significant synergies between the two companies in a wide range of fields. It is significant that Nissan's partner, Mitsubishi Motors, is also involved in these discussions. We anticipate that if this integration comes to fruition, we will be able to deliver even greater value to a wider customer base.“Honda Director and Representative Executive Officer Toshihiro Mibe said:"At this time of change in the automobile industry, which is said to occur once every 100 years, we hope that Mitsubishi Motors' participation in the business integration discussions of Nissan and Honda will lead to further social change, and that we will be able to become a leading company in creating new value in mobility through business integration. Nissan and Honda will start the discussion from today onwards with an aim to clarify the possibility of business integration by around the end of January in line with the consideration of Mitsubishi Motors."Comment from Mitsubishi Motors Director, Representative Executive Officer, and President and CEO Takao Kato said:“In an era of change in the automotive industry, the study between Nissan and Honda about a business integration will accelerate synergy maximization effects, bringing high value also to the collaborative businesses with Mitsubishi Motors. In order to realize synergies and to make the best use of each company's strengths, we will also study the best form of cooperation.” Copyright 2024 JCN Newswire via SeaPRwire.com.
More
GAC Honda Begins Operation of New Energy Vehicle (NEV) Production Factory in Guangzhou, China JCN Newswire

GAC Honda Begins Operation of New Energy Vehicle (NEV) Production Factory in Guangzhou, China

Guangzhou, China, Dec 24, 2024 - (JCN Newswire via SeaPRwire.com) - Honda Motor (China) Investment Co., Ltd., a wholly-owned Honda subsidiary in China, announced that GAC Honda Automobile Co., Ltd. (GAC Honda), a Honda automobile production and sales joint venture in China, began operation of its newly-constructed plant for new energy vehicle (NEV) production, named the Development District NEV Factory. The new factory is located in the Guangzhou Economic and Technological Development District in Guangzhou City, Guangdong Province, China.GAC Honda Development District NEV FactoryThe new NEV production plant features the latest production equipment to achieve a highly efficient, smart, and low-carbon production system. The stamping and welding processes completely eliminated logistics personnel by automating parts logistics. AI-based welding strength inspection was adopted for the first time at any Honda plant. In the assembly process, approximately 30% of the entire process is automated to achieve a highly efficient production line.To make this plant more environmentally-responsible, solar power systems generating a total of 22 megawatts will be installed within the property of the plant. It is expected that the annual CO2emissions will be reduced by approximately 13,000 tons(1) through the utilization of renewable energy. In addition, GAC Honda will strive to further reduce the environmental impact of the plant through the use of newly developed low-VOC(2) paints and the installation of equipment capable of treating 100% of the toxic substances contained in factory wastewater. In order to minimize the impact on air pollution, GAC Honda will aim to reduce VOC emissions from the new plant by more than 70%(3) compared to the standard limit set by Guangdong Province.(1) Calculations based on standards for CO2 emissions by the Chinese government (Ministry of Ecology and Environment)(2) VOC: Volatile Organic Compounds(3) Honda internal research GAC Honda Development District NEV FactoryHonda has set a global environmental goal of “realizing carbon neutrality for all products and corporate activities Honda is involved in by 2050.” In China, Honda is planning to introduce a total of 10 Honda-brand EV models by 2027, including models for the e:N Series launched in 2022, as well as the Ye Series, a next-generation EV series Honda is planning to launch in the current fiscal year ending March 31, 2025. With these EV models, Honda is aiming to achieve 100% EV sales in China by 2035. GAC Honda Automobile Co., Ltd.Established:July 1998Capital investment:541 million USDCapitalization ratio:40% Honda Motor Co., Ltd.10% Honda Motor (China) Investment Co., Ltd.50% Guangzhou Automobile Group Co., Ltd. (GAC Group)Location:Guangzhou City, Guangdong Province, ChinaPresident:Katsuhide MoriyamaEmployment:Approximately 9,500 associates (as of December 2024)Production capacity:HuangPu Plant (No.1) Approximately 240,000 unitsZengCheng Plant (No.2) Approximately 240,000 unitsZengCheng Plant (No.3) Approximately 240,000 unitsAbout GAC Honda Development District NEV FactoryLocation:Guangzhou City, Guangdong Province, ChinaProduction capacity:Approximately 120,000 units/yearProduction models:e:NP2, Ye Series (plan)Employment:Approximately 700 associates (as of December 2024)Investment amount:Approximately 3.49 billion R.M.B. Copyright 2024 JCN Newswire via SeaPRwire.com.
More
Sarawak Premier Makes Inaugural Visit to Mitsubishi Power’s Takasago Hydrogen Park JCN Newswire

Sarawak Premier Makes Inaugural Visit to Mitsubishi Power’s Takasago Hydrogen Park

TOKYO, Dec 24, 2024 - (JCN Newswire via SeaPRwire.com) - Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI), welcomed The Right Honourable Datuk Patinggi Tan Sri Dr Abang Haji Abdul Rahman Zohari bin Tun Datuk Abang Haji Openg, Premier of Sarawak, to its Takasago Hydrogen Park in Hyogo Prefecture, Japan. This visit marks a pivotal step in strengthening ties between the hydrogen ambitions of Sarawak, Malaysia, and industry-leading hydrogen technologies from Mitsubishi Power.Premier of Sarawak, Datuk Patinggi Tan Sri Dr Abang Haji Abdul Rahman Zohari bin Tun Datuk Abang Haji Openg, and his delegation, alongside MHI and Mitsubishi Power executives at the Takasago Hydrogen Park in JapanEstablished in 2022, Takasago Hydrogen Park integrates the development, demonstration, and verification of hydrogen production, storage, and utilization technologies at a single location. The validation of hydrogen firing equipment is carried out at the T-Point 2 combined cycle power plant validation facility, located in the utilization area, which is designed to support long-term testing of new technologies.During the visit, the Premier and his delegation toured the facility's integrated hydrogen value chain, gaining insights into next-generation hydrogen production technologies and validation processes for hydrogen firing in advanced gas turbines.Strategic discussions between the delegation and Mitsubishi Power's leadership focused on opportunities for collaboration and initiatives to bolster Sarawak's hydrogen ecosystem.The Premier of Sarawak highlighted the vital role of innovation and technology in advancing the state's energy agenda. "Hydrogen is set to play a transformative role in the global energy landscape, and Sarawak is committed to being at the forefront of this evolution. Working with leading technological players like Mitsubishi Power and witnessing ongoing research and development in the field are instrumental to unlock the full potential of hydrogen and influence sustainable growth for our region," he said."We are deeply honored to host the Premier of Sarawak at the Takasago Hydrogen Park," said Takuya Murase, Senior General Manager, GTCC Business Division of Energy Systems, MHI. "As Sarawak advances its plans to establish a hydrogen-driven economy, Mitsubishi Power is committed to providing technological expertise and support. Our discussion during this visit reaffirms the tremendous opportunities to drive cleaner energy solutions and advance the energy transition in the region."As part of its ongoing support for Sarawak's energy development, Mitsubishi Power recently supplied a 500MW hydrogen-ready gas turbine for the Miri CCGT Power Plant by Petroleum Sarawak Berhad (PETROS). The project broke ground in November 2024, and the gas turbine is designed to co-fire fuel containing up to 30% hydrogen, making it the most advanced power generation facility in the state.This milestone visit further reaffirms the shared commitment of Sarawak and Mitsubishi Power to collaborate on advancing the hydrogen ecosystem and building local capacity to support the state's energy ambitions. Copyright 2024 JCN Newswire via SeaPRwire.com.
More
Fujirebio and Eisai Enter into Memorandum of Understanding for Joint Research and Social Implementation of Blood-based Biomarkers in the Field of Neurodegenerative Diseases JCN Newswire

Fujirebio and Eisai Enter into Memorandum of Understanding for Joint Research and Social Implementation of Blood-based Biomarkers in the Field of Neurodegenerative Diseases

TOKYO, Dec 23, 2024 - (JCN Newswire via SeaPRwire.com) - Fujirebio Holdings, Inc., a wholly-owned subsidiary of H.U. Group Holdings, Inc., and Eisai Co., Ltd. announced today that they have entered into a memorandum of understanding for the joint research and social implementation of novel blood-based biomarkers in the field of neurodegenerative diseases.Fujirebio and Eisai have been conducting joint research on cerebrospinal fluid biomarkers related to Alzheimer’s disease (AD).The two companies have agreed to move forward with their partnership based on the shared understanding that the development andcommercialization of diagnostic methods for neurodegenerative diseases can be accelerated by integrating the long-standing respectiveexpertise of Fujirebio, which has experience in the research and development of test reagents in the neurodegenerative disease field, and Eisai, which has been engaged in the research and development of therapeutics in the field of dementia. The partners plan to explore a wide range of possibilities for the collaboration, including the clinical implementation of diagnostic reagents for plasma phosphorylatedtau 217 protein (p-Tau217), the research and development of simple diagnostic methods using novel blood-based biomarkers and the development and commercialization of in vitro diagnostics.Through this non-exclusive partnership, Fujirebio and Eisai will establish diagnostic technologies for various neurodegenerativediseases with high unmet medical needs, and accelerate the expansion of these technologies globally to establish an environment where appropriate treatments can be selected and provided, thereby contributing to improvement in the diagnosis and treatment of neurodegenerative diseases.About FujirebioFujirebio, a member of H.U. Group Holdings Inc., is a global leader in the field of high-quality IVD testing with more than 50 years’accumulated experience in the conception, development, production, and worldwide commercialization of robust IVD products. Fujirebio was the first company to develop and market CSF biomarkers for AD testing, under the Innogenetics brand, over 25 years ago. Fujirebio remains the only company with such a comprehensive line-up of manual and fully automated neurodegenerative diseaseassays and consistently partners with organizations and clinical experts across the world to develop new pathways for earlier, easier, and more complete neurodegenerative diagnostic tools. For more information, please visit www.fujirebio.com.About Eisai Co., Ltd.Eisai's Corporate Concept is "to give first thought to patients and people in the daily living domain, and to increase the benefits thathealth care provides." Under this Concept (also known as human health care (hhc) Concept), we aim to effectively achieve social goodin the form of relieving anxiety over health and reducing health disparities. With a global network of R&D facilities, manufacturing sites and marketing subsidiaries, we strive to create and deliver innovative products to target diseases with high unmet medical needs, with a particular focus in our strategic areas of Neurology and Oncology.In addition, we demonstrate our commitment to the elimination of neglected tropical diseases (NTDs), which is a target (3.3) of the United Nations Sustainable Development Goals (SDGs), by working on various activities together with global partners.For more information about Eisai, please visit www.eisai.com (for global headquarters: Eisai. Co., Ltd.), and connect with us on X (global), LinkedIn (for global,) and Facebook (global).Contacts:H.U. Group Holdings, Inc.For media:Public Relations Section, Public Relations/Sustainability Dept. Phone: +81-3-6279-0884Email: pr@hugp.comFor investors and analysts: IR/SR Dept.Phone: +81-3-6279-0926Email: ir@hugp.comEisai, Co., Ltd.For media:Public Relations Dept.Phone: +81-3-3817-5120 Copyright 2024 JCN Newswire via SeaPRwire.com.
More
Fujitsu drives chemical industry logistics DX with participation in joint logistics demonstration JCN Newswire

Fujitsu drives chemical industry logistics DX with participation in joint logistics demonstration

KAWASAKI, Japan, Dec 23, 2024 - (JCN Newswire via SeaPRwire.com) - Fujitsu today announced that it participated as an observer in a joint logistics demonstration project conducted from September to December 2024 in the Kanto and Tokai regions in Japan. This project, aimed at realizing a physical internet, was led by the Ministry of Economy, Trade and Industry and the Ministry of Land, Infrastructure, Transport and Tourism with the Chemicals Working Group(1) in the Physical Internet Realization Council(2) . Fujitsu contributed by providing a common data platform using its Fujitsu Unified Logistics offering. This facilitated the integration of various data related to logistics operations from participating companies in the Chemicals Working Group, including loading rates and CO2 emissions. Fujitsu Unified Logistics conforms to the Logistics Information Standards(3) of the “Cross-ministerial Strategic Innovation Promotion Program (SIP) Smart Logistics Service” project implemented by Japan’s Cabinet Office.Realizing a physical internet requires standardization of logistics and business flow data within the supply chain. Fujitsu leveraged the hub functionality of its offering which collects, standardizes, converts, and stores diverse logistics data formats to integrate logistics data from both shippers and logistics providers. Data formats, previously managed individually by each company, such as the number of data items and digits, were converted and standardized to conform to the Logistics Information Standards and stored in a logistics database. Furthermore, using the KPI evaluation and analysis functions of the platform, and with analysis from logistics experts, simulations were conducted to calculate the effectiveness of joint delivery. The results of the demonstration project are detailed in the Chemicals Working Group press release.Details of the Demonstration ProjectPhysical Internet Realization Council’s Chemicals Working Group Runs Demonstration Test to Find Effects of Joint Logistics - Pursuing the creation of a DX-based joint logistics platform Overview of the initiativesFujitsu considers resolving logistics challenges a company-wide initiative contributing to its group materiality of promoting a supply chain. To address logistics challenges in Japan, Fujitsu has played a leading role in the “Cross-ministerial Strategic Innovation Promotion Program (SIP) Smart Logistics Service,” demonstrating a history of consistent achievement from technology development to the construction of logistics and business flow data platforms and social implementation.Furthermore, under its Fujitsu Uvance business model, which addresses societal challenges, Fujitsu is pursuing a Trusted Society initiative to protect people's lives and create a prosperous and sustainable regional society while respecting the regional environment. By providing "Fujitsu Unified Logistics" to standardize logistics data, Fujitsu aims to achieve efficient operations, maximize transport capacity, and reduce CO2 emissions, thereby creating a resilient and sustainable logistics system.Figure 1. Fujitsu's initiatives in Joint Logistics(1) Chemicals Working Group:Established in June 2023 as the fourth industry working group of the Physical Internet Realization Council. Comprising 78 organizations (77 companies, 1 university as of December 2024), primarily shippers and logistics providers. Observers include relevant departments from Ministry of Economy, Trade and Industry, Ministry of Land, Infrastructure, Transport and Tourism, and the Ministry of Health, Labour and Welfare, as well as the Japan Chemical Industry Association and the Japan Petrochemical Industry Association.Chairman: Professor Yuji Yano, Ryutsu Keizai University (Dean, Faculty of Distribution and Logistics Systems) (President, Japan Logistics Society)Secretariat: Mitsubishi Chemical Group Corporation, Mitsui Chemicals, Inc., Tosoh Corporation, Toray Industries, Inc. December 20, 2023 Announcement: Voluntary action plan to improve the appropriateness and productivity of logistics related to chemical products (in Japanese)(2) Physical Internet Realization Council:Established in October 2021 by the Ministry of Economy, Trade and Industry and the Ministry of Land, Infrastructure, Transport and Tourism to formulate a roadmap for realizing a physical internet in Japan.(3) Logistics Information Standards:Formulated and published in October 2021 by Japan’s Cabinet Office's “Cross-ministerial Strategic Innovation Promotion Program (SIP) Smart Logistics Service”, following discussions with industry stakeholders. The utilization of the Logistics Information Standards (https://www.lisc.or.jp/ (in Japanese)) is also included in the "Physical Internet Roadmap" that was formulated in March 2022 and compiled by the Ministry of Economy, Trade and Industry and the Ministry of Land, Infrastructure, Transport and Tourism. The use of these standards is expected to lead to increased efficiency in logistics by reducing the cumbersome adjustments and running costs associated with differing data among companies, lowering system-related costs, and facilitating the development of services such as joint transportation and joint storage through data unification.About FujitsuFujitsu’s purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.7 trillion yen (US$26 billion) for the fiscal year ended March 31, 2024 and remains the top digital services company in Japan by market share. Find out more: www.fujitsu.com.Press ContactsFujitsu LimitedPublic and Investor Relations DivisionInquiries Copyright 2024 JCN Newswire via SeaPRwire.com.
More
Mitsubishi Motors Cumulative Production Reaches One Million Units in Indonesia JCN Newswire

Mitsubishi Motors Cumulative Production Reaches One Million Units in Indonesia

TOKYO, Dec 20, 2024 - (JCN Newswire via SeaPRwire.com) - Mitsubishi Motors Corporation (hereafter, Mitsubishi Motors) is pleased to announce that PT Mitsubishi Motors Krama Yudha Indonesia (hereafter, MMKI), its production hub in Indonesia, has reached a cumulative total production of one million vehicles. A ceremony was held at the site today to commemorate this achievement.The ceremony was attended by Vice Minister of Industry Faisol Riza from the Indonesian government, Yasushi Masaki, Ambassador Extraordinary and Plenipotentiary of Japan to the Republic of Indonesia, Takao Kato, President and Chief Executive Officer of Mitsubishi Motors, suppliers, and other partner companies.At the ceremony, Takao Kato, President and Chief Executive Officer said, "Thanks to the support of Indonesia's government, our suppliers, and our partner companies, our Indonesian production hub has become a major pillar of our company's business." He continued, "The vehicles produced here are sold throughout Indonesia, and some are exported to other countries, including ASEAN countries, so this facility plays an important role as a key ASEAN production site. We will continue to roll out highly appealing products and contribute to the further development of the Indonesian economy."The production hub, located in the GIIC Industrial Estate in Indonesia's Bekasi Regency, is a joint manufacturing company established by Mitsubishi Motors, Mitsubishi Corporation, and local partner PT Krama Yudha. It began production in April 2017 with an annual production capacity of 160,000 vehicles. In fiscal year 2019, that production capacity was raised to 220,000 vehicles, and the vehicles produced by the company are now exported to roughly 50 countries.History of MMKIFY2017 - Began production of Pajero Sport (April) and Xpander (September)FY2018 - Began exporting of Xpander (April) and production of Colt L300 (May)FY2019 - Began production of Xpander Cross (November)FY2023 - Began production of Xforce (October) and Minicab EV (December)Began exporting of Xforce (February)FY2024 - Reached one million in cumulative vehicle production (October)Factory Overview (MMKI)LocationBekasi Regency, West Java Province, Republic of Indonesia(Located 37 km east of Jakarta)RepresentativePresident Director Minoru SaitoShareholdersMitsubishi Motors Corporation, 51%; Mitsubishi Corporation, 40%;PT Krama Yudha, 9%Start of productionApril 2017Production capacity220,000 vehicles/yearSite area30 hectaresEmployeesApproximately 3,500 (as of end of September 2024)Models producedPajero Sport, Xpander, Xpander Cross,Colt L300, Xforce, Minicab EV (L100 EV in Indonesia)About Mitsubishi MotorsMitsubishi Motors Corporation (TSE:7211) — a member of the Alliance with Renault and Nissan — is a global automobile company based in Tokyo, Japan, which has about 28,000 employees and a global footprint with production facilities in Japan and the ASEAN region. Mitsubishi Motors has a competitive edge in SUVs, pickup trucks and plug-in hybrid electric vehicles, and appeals to ambitious drivers willing to challenge convention and embrace innovation. Since the production of our first vehicle more than a century ago, Mitsubishi Motors has been a leader in electrification — launched the i-MiEV, the world’s first mass-produced electric vehicle in 2009, followed by the Outlander PHEV, the world’s first plug-in hybrid electric SUV in 2013. With a target of increasing the sales ratio of electrified vehicles to 100% by 2035, Mitsubishi Motors will deliver models that embody Mitsubishi Motors-ness and contribute to the realization of a carbon-neutral society.For more information on Mitsubishi Motors, please visit the company's website at www.mitsubishi-motors.com/en/ Copyright 2024 JCN Newswire via SeaPRwire.com.
More
Contract Renewed on Operation and Maintenance (O&M) Services for APM System at Washington Dulles International Airport JCN Newswire

Contract Renewed on Operation and Maintenance (O&M) Services for APM System at Washington Dulles International Airport

TOKYO, Dec 20, 2024 - (JCN Newswire via SeaPRwire.com) - Crystal Mover Services, Inc. (CMSI), a part of Mitsubishi Heavy Industries (MHI) Group, that is engaged in operation and maintenance (O&M) of automated people mover (APM(Note1)) systems for U.S. airports, has successfully renewed a contract with the Metropolitan Washington Airports Authority (MWAA) for O&M services at Washington Dulles International Airport (IAD).Washington Dulles International Airport APMThe contract covers a ten-year period commencing December 2024. In conjunction with the 15th anniversary of the commencement of operations, CMSI has received an order for a comprehensive program for equipment renewal work, which includes upgrades to the signaling system to maintain stable operation. This project aims to implement necessary measures for the system life, address any obsolete components, and enhance overall functionality.MHI Group, jointly with Sumitomo Corporation Group, won the original order to construct the APM system at IAD, which links four stations over a distance of 3.5km. CMSI has provided O&M services through 24/7 operation since the line went into operation in January 2010. MHI's solid technical expertise of APM and CMSI's ability to provide a safe and reliable operations with a high operating ratio successfully led to the renewal of contract on O&M and the award for the renewal and upgrades of the APM system. (Note2)MHI Group will continue to deliver APM systems, including O&M and upgrades of APM systems, with excellent design, economic efficiency, and capability to reduce CO2 emissions to transportation systems around the world. MHI Group aims to provide solutions to regional issues including economic development and improved transportation convenience, while contributing to the realization of a carbon-neutral society. In addition, as a trusted partner, MHI Group will continue to provide exceptional solutions combining intelligence and technology.About Crystal Mover Services, Inc. (CMSI)Since its founding in 2009, CMSI has performed O&M of all APM systems delivered by MHI Group to international airports in Miami, Washington Dulles, Atlanta, Orlando, and Tampa. CMSI has been making significant contributions to the safe and stable operation of the transportation systems serving these important hubs.1APM systems are used worldwide to connect air terminals or function as transportation systems that serve areas near airports.2For details of conclusion for the second terms of the O&M agreement with MWAA, see the following press release.https://www.mhi.com/news/1412021859.html.About MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com. Copyright 2024 JCN Newswire via SeaPRwire.com.
More
Toyota Launches Alphard and Vellfire PHEV Models in Japan JCN Newswire

Toyota Launches Alphard and Vellfire PHEV Models in Japan

- Japan's first(1) minivan PHEV models to contribute to carbon neutrality- Pursuing the joy of comfortable mobility through enhanced quietness and riding experienceToyota City, Japan, Dec 20, 2024 - (JCN Newswire via SeaPRwire.com) - Toyota Motor Corporation (Toyota) announced today that it will commence sales of its all-new Alphard and Vellfire Plug-in Hybrid Electric Vehicle (PHEV; six-seater) models in Japan on January 31, 2025. Gasoline and Hybrid Electric Vehicle (HEV) models of the Alphard and Vellfire have also been improved, and sales will commence on January 7, 2025.The joy of comfortable mobility offered by PHEVsThe Alphard and Vellfire (gasoline and HEV models), which were completely redesigned in June 2023, were developed from the concept of "the joy of comfortable mobility" to create a space where everyone, from the driver to rear seat passengers, can share consideration and appreciation in all kinds of situations, whether traveling with loved ones and family members or taking important visitors to and from work. The platform has been overhauled to offer significant improvements to basic performance, such as riding experience and comfort, making them suitable for a wide range of customers, from families to VIPs.The new PHEV models offer improved quietness and riding experience, enhancing the joy of comfortable mobility offered to the driver and rear seat passengers in all kinds of situations.Comfort has been enhanced through the quietness of a BEV, which produces minimal noise and vibrations, and the low center of gravity and stability provided by the large-capacity lithium-ion battery mounted under the floor. The ability to drive with care for the surrounding environment, such as during late-night pick-ups and drop-offs, has also been further enhanced to make it more suitable for use as a chauffeured car.Air conditioning can also be operated using electricity and doesn't require the engine to be started while waiting for pick-up as a chauffeured car, helping to maintain a comfortable space and contributing to the environment.The Plug-in Hybrid System enables BEV-mode driving for many daily chauffeured trips, using only the electricity stored in the battery(2) (BEV-mode driving range equivalent to 73 km(3)). The engine can be used for traveling long distances with peace of mind.PHEVs are one of many important pathways for achieving carbon neutrality. Going forward, Toyota intends to continue its multi-pathway approach, promoting the widespread uptake of electrified vehicles by expanding its line-up to cater to diverse needs.Improvements to gasoline / HEV modelsAll models are now equipped with a Digital Inner Mirror with built-in dash cams (front and rear) as standard. The Z and Z Premier grades are now available with a JBL premium sound system (15 speakers) and a 14-inch rear-seat entertainment system to further enhance cabin comfort.In addition, three exterior body colors are available for the Vellfire, including a new exclusive Precious Metal color that accentuates the vehicle's aggressive demeanor.An eight-seater X grade has also been added to the Alphard HEV.Sales OutlineBase sales volume for Japan8,600 units per month (approx. 70% Alphard and 30% Vellfire; monthly sales target for PHEV models: 200 units/month)Production PlantToyota Auto Body Co., Ltd. (Toyota Auto Body)(1) As of December 2024. According to Toyota research.(2) According to Toyota research.(3) Driving distance in WLTC mode while using battery charge. As evaluated by the Ministry of Land, Infrastructure, Transport and Tourism. The engine will disable BEV driving irrespective of the remaining battery power under a certain state of the engine or drive battery, air conditioner use, or driving style (exceeding the prescribed speed).For more information, visit https://global.toyota/en/newsroom/toyota/41970489.html Copyright 2024 JCN Newswire via SeaPRwire.com.
More
6G Begins! Embarking on a New Journey of Global Interoperable Standards JCN Newswire

6G Begins! Embarking on a New Journey of Global Interoperable Standards

TOKYO, Dec 19, 2024 - (JCN Newswire via SeaPRwire.com) - On December 12th in 3GPP TSG-RAN meeting #106, Madrid, 6G RAN level study item supported by 56 co-signed companies was approved, which achieves a significant milestone of 6G standard. This study item aims at interacting with ITU on 6G technical performance requirements. In the future, deployment scenarios, requirements and potential directions of 6G radio access technologies will be further identified and investigated in 3GPP.This initiative is spearheaded by industry leaders from diverse countries and regions, underscoring the shared dedication of 3GPP and the broader telecommunications sector to forge a global interoperable 6G standard. It is expected that 6G will serve as a critical enabler of the Sustainable Development Goals (SDGs) by advancing network capabilities to drive innovation.(Note: The following quotes according to the alphabetical order of the companies)The co-chairman of Global TD-LTE Initiative, CTO of China Mobile, Mr. Tongqing Gao, stated, “China Mobile has always maintained a strong sense of social responsibility to actively involve in the research of 6G technology, the development of standards, and the promotion of industry advancements. We believe that 6G standardization should progress steadily and solidly, driven by real requirements from global industry, and should not be aggressive and hasty. China Mobile eagerly anticipates cooperating with industrial partners to foster joint innovation, expedite the integration of information services across various sectors, and establish a robust communication network foundation.”The co-chairman of Global TD-LTE Initiative, Deputy Director of China Mobile Science and Technology Committee, Mr. Tongqing Gao, stated, “6G has characteristics of immersive performance, integrated capabilities, platform-based networks, seamless coverage integrating space and earth, as well as green and low-carbon, which will realize the wonderful vision of digital twinning and ubiquitous intelligence. We believe that 6G standardization should be driven by the realistic demands of social digitalization and intelligent development, aiming at the commercial closed loop. With open minds, unity and cooperation, in-depth research and steady promotion, we will build a high-quality and high-value 6G to inject new vitality and impetus into the sustainable development of the information industry. China Mobile eagerly hopes to strengthen cooperation and collaborative innovation with global partners through the 6G joint innovation park and forge a unified global 6G standard.”The Senior Executive Vice President and CTO of NTT DOCOMO, Mr. Takaaki Sato, stated, “Developing 6G global standard is an important opportunity to provide new values such as sustainability, higher efficiency, network for AI, connectivity everywhere, and new/improved customer experiences. These values have great potential to change our life and industries with IOWN (Innovative Optical and Wireless Network) for adapting to the environment in global. NTT DOCOMO is willing to lead this activity in 3GPP together with other great contributors in diverse regions, as there are global common demands and issues 6G should address.”Vice President and Head of Infra Tech Office of SKT, Dr. Yu Takki, stated, “The collaboration with industry leaders marks a significant first step in shaping the future of the global telecommunications industry, and SK Telecom is proud to be one of the key contributors to global unified 6G standardization. We believe that 6G will not only transform connectivity but also act as a catalyst for innovation across industries, creating new value through the convergence of AI and telecommunications. SK Telecom remains committed to working closely with global partners to realize a seamless and intelligent 6G ecosystem.”Chief Technology Officer and SVP of Strategy and Technology Enablement of Verizon, Mr. Yago Tenorio, stated, “Verizon is committed to driving innovation and collaboration within the global technology community. A unified global technology standard is essential for unlocking the full potential of 6G, enabling seamless and secure connectivity, and fostering an inclusive digital society. By working together with industry partners, we can achieve ambitious global objectives and ensure that the benefits of next-generation connectivity are accessible to all.” Copyright 2024 JCN Newswire via SeaPRwire.com.
More
Two Honda 0 Series Prototype Models to Premiere at CES 2025 JCN Newswire

Two Honda 0 Series Prototype Models to Premiere at CES 2025

TOKYO, Dec 19, 2024 - (JCN Newswire via SeaPRwire.com) - Honda will present the world premiere of two prototype models at CES 2025 representing two Honda 0 Series models the company is planning to introduce to the global market starting in 2026. Honda will also introduce its original vehicle operating system (OS) planned to be adopted to the Honda 0 Series models. CES 2025 will be held January 7-10, 2025 in Las Vegas, Nevada, U.S.In January of this year, at CES 2024, Honda premiered the Honda 0 Series and its “Thin, Light and Wise” development approach. At CES 2025, Honda will hold a press conference on January 7, 2025 with a focus on the “Wise” value of the Honda 0 Series. Honda will introduce the value to be realized by the original vehicle OS and automated driving technologies to be installed to its Honda 0 Series models, and provide an overview of the System on Chip (SoC) that will support the value Honda 0 Series models will offer as Software Defined Vehicles (SDV).Honda is also planning to introduce a new energy service, scheduled to be launched along with the Honda 0 Series models, as a part of its initiatives toward the realization of carbon neutrality.About the Honda press conference at CES 2025Date/Time:Tuesday, January 7, 2025, 10:30 am – 11:00 am (local time)[Wednesday, January 8, 2024, 3:30 am – 4:00 am (Japan time)]Venue:Honda booth (West Hall, booth #4640) at Las Vegas Convention CenterLivestreaming (URL):https://youtube.com/live/3M87dqNbY3U Copyright 2024 JCN Newswire via SeaPRwire.com.
More
Honda Presents World Premiere of Honda S+ Shift, Next-generation e:HEV Technology JCN Newswire

Honda Presents World Premiere of Honda S+ Shift, Next-generation e:HEV Technology

TOKYO, Dec 19, 2024 - (JCN Newswire via SeaPRwire.com) - Honda Motor Co., Ltd. held a press briefing on next-generation technologies for its original 2-motor hybrid system, e:HEV*, and presented the world premiere of Honda S+ Shift technology. Honda plans to install Honda S+ Shift in all of its future hybrid-electric vehicle (HEV) models featuring the next-generation e:HEV, starting with the all-new Honda Prelude scheduled to go on sale in 2025.Honda S+ Shift buttonThe original Honda e:HEV hybrid system combines exceptional fuel economy (environmental performance), achieved by the highly efficient 2-motor hybrid system, and high-quality and exhilarating driving experience (driving performance), delivered by the high-powered traction motor. By optimally alternating between the motor and the engine as a source of driving force and applying highly efficient controls depending on the driving environment and conditions, e:HEV achieves high fuel economy without making it a conscious effort of the driver and realizes driving at the will of the driver, responding linearly to driver inputs.The newly developed Honda S+ Shift is a new function designed to pursue the “joy of driving” that further accentuates the sense of oneness between the driver and the vehicle, while fully leveraging the characteristics of the e:HEV system. The further advancement was made to the Linear Shift Control synchronizing vehicle speed with engine sound, which has been installed in e:HEV models starting with the Fit e:HEV that launched in 2020. Without compromising high environmental performance unique to HEV models, the Honda S+ Shift precisely controls the engine RPM during acceleration and deceleration to realize direct drive response and sharp gear shifting. Moreover, the powerful engine sound synchronizes with the Active Sound Control (ASC) system, enhancing engine sound quality by offering the engine sound in sync with engine RPM through the speaker system and the highly responsive meter display. In this way the Honda S+ Shift will stimulate all of the driver’s senses and provide exhilarating driving at the will of the driver, further “synchronizing” the driver and the vehicle.Key features of Honda S+ Shift- By linking two high-power motors with the ASC system, the Honda S+ Shift achieves dynamic engine RPM changes and a sharp upshift feeling, providing feedback that resonates with all of the driver’s senses, amplifying the sense of oneness between the driver and the vehicle.- The Honda S+ Shift further advances the Linear Shift Control applied to current e:HEV models, enabling gear shifts (upshift and downshift) according to the driving conditions and environments at all speed ranges. While turning, the Honda S+ Shift system quickly responds to driver steering input and activates shift hold, enabling the vehicle to trace the desired driving line at the will of the driver.- By maintaining the optimal engine RPM for the particular driving conditions, the power generated by the engine during re-acceleration will be fully utilized as driving force. This greatly improves the initial response time of the motor when the driver depresses the accelerator pedal and enables overwhelmingly high response that is directly connected to driver input.- Although e:HEV does not have a mechanical transmission mechanism, when the Honda S+ Shift is activated, the driver can shift gears with a paddle shifter, so that the driver can enjoy driving feel as if the vehicle features a transmission system. With quick gearshift responses achieved through the coordination of the engine and high-power motor, Honda S+ Shift function will strive to offer the joy of driving based on direct response to driver input. The letter “S” in the technology name, Honda S+ Shift, has been used in the names of Honda models and technologies such as the S600, S2000, and Type S, representing the “sports spirit,” which Honda believes to be the source of the joy of driving. The “+” indicates that this function will add new value represented by words such as “Synchronized” “Special” and “Sensational.” The word “Shift” represents the Honda desire to make a shift that takes people and automobiles to the new world.*e:HEV is a global communication name for the Honda high-efficiency 2-motor hybrid system with outstanding fuel economy, which is the core of Honda electrification technologies. The e: represents the Honda desire to ‘energize’ people and bring about a smile and high spirits by using ‘electricity’ as the ‘energy.’ Copyright 2024 JCN Newswire via SeaPRwire.com.
More
NEC Completes new Asia Pacific submarine cable JCN Newswire

NEC Completes new Asia Pacific submarine cable

TOKYO, Dec 19, 2024 - (JCN Newswire via SeaPRwire.com) - NEC Corporation (NEC; TSE: 6701) today announced it has finished construction of the Asia Direct Cable (ADC), a high-performance submarine cable connecting China (Hong Kong SAR and Guangdong Province), Japan, the Philippines, Singapore, Thailand and Vietnam.The ADC submarine cable is owned by the ADC Consortium and features multiple pairs of high-capacity optical fibers. It is designed to carry more than 160 Tbps of traffic, enabling high-capacity transmission of data across the East and Southeast Asian regions.ADC submarine cable inauguration ceremonyThe new cable represents a significant achievement as the latest Intra-Asia cable connecting China (Hong Kong SAR), Japan and Singapore in the past eight years, providing essential infrastructure to support the burgeoning traffic demand in the region and opening up new avenues for communication and society's future."This new cable marks a significant milestone, providing a vital foundation to support the ever-growing communications needs of Asia and the world. The milestone represents the culmination of our efforts to overcome numerous challenges, made possible through steadfast collaboration and partnerships with esteemed stakeholders from various countries, including NEC. We are confident that this cable system will significantly contribute to the development of the AI industry in the Asia region," said Koji Ishii, MC Chairperson of the ADC Consortium."NEC has earned the trust of its clients, and the consortium is extremely satisfied with the successful completion of this cable," said Billy Li, MC Co-Chairperson of the ADC Consortium. "It offers the greatest cable capacity and essential diversity required for Asia's major information hubs, enabling telecom carriers and service providers to optimize their network and service planning for sustainable growth.""NEC is honoured to have taken part in this prestigious project, which will support increasingly bandwidth-intensive applications driven by technological advancements in 5G, the cloud, the Internet-of-Things and Artificial Intelligence," said Tomonori Uematsu, Senior Vice President with NEC Corporation. "We thank the consortium for their partnership and for helping us to push the boundaries of numerous challenges to bring this project to fruition."NEC has been a leading supplier of submarine cable systems for more than 60 years, and has built more than 400,000 km of cable, spanning the earth nearly 10 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 manufacture and installation of optical submarine cables and repeaters, provision of ocean surveys and route designs, training and delivery testing. NEC's subsidiary OCC Corporation manufactures optical submarine cables capable of withstanding water pressures at ocean depths beyond 8,000 meters.About the ADC ConsortiumThe ADC is a global consortium comprised of leading communications and technology companies, including NT (Thailand), China Telecom, China Unicom, PLDT Inc., Singtel, SoftBank Corp., Tata Communications and Viettel.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 www.nec.com. Copyright 2024 JCN Newswire via SeaPRwire.com.
More
Enablement of JCB Contactless Payment at All NJ TRANSIT Contactless Bus and Light Rail Validators in New Jersey, New York, and Pennsylvania JCN Newswire

Enablement of JCB Contactless Payment at All NJ TRANSIT Contactless Bus and Light Rail Validators in New Jersey, New York, and Pennsylvania

TOKYO & LOS ANGELES, Dec 19, 2024 - (JCN Newswire via SeaPRwire.com) - JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand (JCB), and JCB International Credit Card Co., Ltd. (JCB USA), the US subsidiary of JCB Co., Ltd., are pleased to announce the enablement of JCB Contactless payment acceptance at all NJ TRANSIT contactless bus and light rail validators.NJ TRANSIT is a state-owned public transportation system that serves the US state of New Jersey and portions of the states of New York and Pennsylvania, and is a vital infrastructure not only for locals, but also for travelers. NJ TRANSIT has now enabled contactless payments, giving JCB cardmembers the convenience of tapping their contactless cards or smartphones on NJ TRANSIT contactless fare payment systems for bus and light rail.Yutaka Nakazawa, President & CEO of JCB USA, said, “We are excited to announce that JCB cardmembers can now experience the convenience of contactless payments on NJ TRANSIT bus and light rail services, simply by tapping their cards or smartphones on the validator. We greatly value NJ TRANSIT’s implementation of JCB’s contactless technology, further extending the reach of JCB, a leading payment brand from Asia. Since the early 2000s, JCB has been at the forefront of contactless technology in Japan. As JCB’s contactless acceptance continues to grow rapidly around the world, we remain committed to expanding our network to offer greater convenience and security for transportation users worldwide."About JCBJCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 49 million merchants around the world. JCB Cards are now issued mainly in Asian countries and territories, with more than 158 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/ ContactAnna TakedaCorporate CommunicationsTel: +81-3-5778-8353Email: jcb-pr@info.jcb.co.jp Copyright 2024 JCN Newswire via SeaPRwire.com.
More