Blaupunkt and Kenwood Plan Cooperation: Partnership in Portable Navigation, Innovative Features for Globally Usable Devices.TOKYO -- Blaupunkt, Hildesheim, a company belonging to the Bosch group, and the Japanese electronics corporation, Kenwood Corporation, Tokyo, are currently planning to form a partnership in the field of Portable Navigation Devices (PNDs). After signing a Memorandum of Understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. (MoU), the two companies are now launching their cooperation for portable navigation devices. Blaupunkt and Kenwood are leading suppliers in the field of car audio and car multimedia systems. By bundling these key competences, the two companies aim to supply navigation devices that are easy to operate and include innovative, attractive features for different regional markets. Starting in 2008, the devices co-developed by the two companies will be offered by each of the two partners individually on the rapidly growing market segment of portable navigation. Blaupunkt and Kenwood both plan to use this cooperation to continue to expand their competence as leading providers of portable navigation systems A GPS-based electronic system in a car or truck that provides a real time map of the vehicle's current location as well as step-by-step directions to a programmed destination. See GPS and vehicle tracking. . Blaupunkt, a company belonging to the Bosch Group, is an internationally leading manufacturer of driver information systems, car radios, car speakers and vehicle antennas. Blaupunkt has its main headquarters in Hildesheim, Germany, and maintains other production sites in Portugal, Hungary, Tunisia and Malaysia. The company posted sales of more than Euro 1.4 billion in fiscal year 2006 and employs more than 9,000 people worldwide. Company URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.bosch-presse.de About Kenwood Corporation Kenwood celebrated the 60(th) anniversary last December with 11 domestic and 22 overseas subsidiaries around the world and is aiming to become a global excellent company in the field of "Mobile & Home Multimedia Systems" with its core competencies A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
engineering, technology - the practical application of science to commerce or industry under the new corporate vision - "Reaching out to discover, inspire and enhance the enjoyment of life." Head office: Hachioji, Tokyo, Japan Number of Employees: 4436 Company URL: http://www.Kenwood.com Kenwood Corporate Information Founded in 1961, Kenwood USA Corporation is a leading developer and manufacturer of audio and video products for home, car, and personal use. Offering more than 250 products, Kenwood is one of the three largest selling brands of audio and video entertainment products in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and is recognized by consumers and the consumer electronics industry for providing superior quality, reliability and value. Kenwood Communications, based in Suwanee, GA, established in 1983, maintains a leadership position in North and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. for mobile and portable two-way radios A voice network that provides an always-on connection enabling the user to just "push the button and talk." Also called "dispatch radio," two-way radio has traditionally been used by police, fire, taxi and other mobile fleets. and custom systems. Clients include prominent federal, state and local government agencies and first responders first responder First response personnel Emergency medicine A person employed in the public sector–EMT, fire fighter, police, volunteer EMS–whose duties include provision of immediate medical care in the event of an emergency; FRs have basic emergency and private industry including manufacturing, contracting, security, hospitality and education. Kenwood USA Corporation, based in Long Beach, Calif., is the largest subsidiary of Kenwood Corporation (Japan). |
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