NEC Establishes New Structure for Automobile Rechargeable Battery Business; Dissolution of Joint Venture with Fuji Heavy Industries Toward Strengthening NEC Group Structure.Tokyo, Japan, Mar 30, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. Corporation (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). ; 6701; US: NIPNY) announced that NEC and Fuji Heavy Industries, Ltd. will today dissolve NEC Lamilion Energy Ltd., a joint venture of both companies, which develops manganese manganese (măng`gənēs, măn`–) [Lat.,=magnet], metallic chemical element; symbol Mn; at. no. 25; at. wt. 54.938; m.p. about 1,244°C;; b.p. about 1,962°C;; sp. gr. 7.2 to 7. lithium-ion rechargeable batteries A rechargeable battery, also known as a storage battery, is a group of two or more secondary cells. These batteries can be restored to full charge by the application of electrical energy. for automobiles. In accordance with the agreement, Fuji Heavy Industries will transfer all of the shares it holds in NEC Lamilion Energy to NEC and NEC TOKIN Corporation, a subsidiary of NEC that carries out energy device business. NEC Lamilion Energy will continue to promote manganese lithium-ion battery Lithium-ion batteries (sometimes abbreviated Li-ion batteries) are a type of rechargeable battery commonly used in consumer electronics. They are currently one of the most popular types of battery for portable electronics, with one of the best energy-to-weight ratios, no business for hybrid and electric automobiles electric automobile Battery-powered motor vehicle. Originating in the 1880s, electric cars were used for private passenger, truck, and bus transportation in cities, where their low speeds and limited battery range were not drawbacks, and the cars became popular for their as a wholly-owned subsidiary of NEC. Since NEC Lamilion Energy's establishment in May 2002, it has focused on the planning and development of rechargeable batteries, which have been developed to a level capable of becoming the global de facto standard Hardware or software that is widely used, but not endorsed by a standards organization. Contrast with de jure standard. de facto standard - A widespread consensus on a particular product or protocol which has not been ratified by any official standards body, such as ISO, through the integration of NEC's laminate-type manganese lithium-ion cell technology and Fuji Heavy Industries' battery pack technology. As a result, NEC Lamilion Energy has developed a long-life battery (10 years/150,000 miles) based on high-power cells (2700W/Kg at 25 degrees centigrade centigrade /cen·ti·grade/ (sen´ti-grad) having 100 gradations (steps or degrees); see under scale. cen·ti·grade adj. Celsius. , SOC 50%, 10 sec), which it has supplied to more than 20 domestic and international automobile/auto parts manufacturers for industry evaluation. It has also achieved the development of vehicle integration technology via in-house evaluation, which was the initial goal of the joint venture company. Recently, increased concern for the global environment has drawn attention to environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] automobiles such as the hybrid automobile (a vehicle powered by a gasoline engine gasoline engine: see internal-combustion engine. gasoline engine Most widely used form of internal-combustion engine, found in most automobiles and many other vehicles. and an electric motor) and the electric automobile. Rechargeable battery technology is one of the major challenges in the development of such automobiles, and its market volume is expected to surpass 30 billion yen in the year 2015. Amid this market environment, NEC Lamilion Energy will further continue to operate in the business of rechargeable batteries for automobiles by leveraging the combined strengths of its innovative development capability along with NEC TOKIN's know-how, cultivated through long years of experience in the battery business for industrial use. NEC Lamilion Energy will collaborate with NEC TOKIN in the fields of fundamental battery material technology research and mass production, in which the aim is to complete mass production technology that has already been developed and is currently being employed in a test production line at NEC TOKIN Toyama Plant. The restructuring is also aimed at expansion of NEC Lamilion Energy's strength in high-power and long-life battery technology to other industrial fields. NEC and Fuji Heavy Industries have agreed to continue their partnership in development and manufacturing areas after the dissolution of the joint venture. NEC Lamilion Energy will maintain business relations with Fuji Heavy Industries regarding the development and production of rechargeable batteries for electric and hybrid automobiles, which includes its supply of products to Fuji Heavy Industries. New Outline of NEC Lamilion Energy, Ltd
Company Name: NEC Lamilion Energy, Ltd.
Business Objective: Development, production and marketing of a manganese
system lithium ion type rechargeable battery for
automobiles.
Head Office: Kanagawa-ken, Sagamihara-shi
(Located at NEC Sagamihara Plant), Japan
Representative Director: Kazuaki Utsumi
Capital: 2.56 billion yen
(NEC: 85%, NEC TOKIN: 15%)
Number of Employees: 45 employees (NEC:30)
About NEC TOKIN Corporation Taking advantage of its progressive/highly developed materials technologies, NEC TOKIN is proud to offer a wide variety of devices and systems for use in a broad range of products such as high-performance household appliances, office equipment, audio/visual equipment, and car electronics. For further information, please visit the NEC TOKIN home page at: http://www.nec-tokin.com/english/ About NEC Corporation NEC Corporation (TSE: 6701)(NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : NIPNY)(UK: NEC.IL) is one of the world's leading providers of Internet, broadband network and enterprise business solutions dedicated to meeting the specialized needs of its diverse and global base of customers. NEC delivers tailored solutions in the key fields of computer, networking and electron devices, by integrating its technical strengths in IT and Networks, and by providing advanced semiconductor solutions through NEC Electronics Corporation. The NEC Group employs more than 140,000 people worldwide and had net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of 4,855 billion yen (approx. US $45.4 billion) in the fiscal year ended March 2005. For additional information, please visit the NEC home page at: http://www.nec.com or the newsroom at http://www.nec.co.jp/press/en/ Source: NEC Corporation Contact: NEC Corporation Diane Foley d-foley@ax.jp.nec.com +81-3-3798-6511 NEC Lamilion Energy, Ltd. Aya Tadenuma tadenuma@lamilion.com +81-42-771-0695 Copyright [c] 2006 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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