NEC USA Merges Research Laboratories to Create New R&D Powerhouse.Business/High Tech Editors PRINCETON, N.J.--(BUSINESS WIRE)--Sept. 23, 2002 New 'NEC Laboratories America, Inc.' Will Focus on Research Designed to Bring New Technologies to NEC's Core Business Units Worldwide As part of the company's long-term growth plan, 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. USA today USA Today National U.S. daily general-interest newspaper, the first of its kind. Launched in 1982 by Allen Neuharth, head of the Gannett newspaper chain, it reached a circulation of one million within a year and surpassed two million in the 1990s. announced plans to merge its two U.S. research laboratories to create a stronger R&D organization dedicated to the development of new technologies for NEC's core business units. The new organization, NEC Laboratories America, Inc. (NEC Labs), will be created by merging the research operations of Princeton, NJ-based NEC Research Institute (NECI NECI New England Culinary Institute (since 1980; Montpelier and Essex, Vermont) NECI National Electrical Contractors Ireland (UK) NECI National Emergency Communications Institute ) and the research operations of NEC USA's Computer and Communications Research Laboratory (CCRL CCRL Cement and Concrete Reference Laboratory CCRL Catholic Civil Rights League CCRL California Center for Regional Leadership CCRL College and Career Reference Library CCRL Computer Chess Rating Lists ) of Princeton, NJ and Cupertino, Calif. The merger, expected to take effect November 1, is the latest step in an initiative begun in early 2001 to shift a greater portion of global high technology giant NEC Corporation's R&D efforts to research in key industry segments. Once the merger is completed, the newly formed NEC Labs will focus on technology research and early market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" in six primary areas: -- Internet software -- Robust and secure systems -- Broadband and mobile networking -- System LSI -- Bioinformatics -- Quantum IT Robert E. Millstein, who formerly served as vice president of Technology for NECI, has been appointed president and chief executive officer of NEC Labs. Kojiro Watanabe, the former senior vice president of NEC USA CCRL, will serve as executive vice president. Richard D. Gitlin, who served as assistant general manager and chief technical officer of NEC USA CCRL, has been appointed vice president, Technology. "NEC USA is taking strong initiatives to bolster This article is about the pillow called a bolster. For other meanings of the word "bolster", see bolster (disambiguation). A bolster (etymology: Middle English, derived from Old English, and before that the Germanic word bulgstraz its R&D capabilities," Mr. Millstein said. "This merger will effectively build on the synergies between two world class research labs and bring us new capabilities in the critical areas of early market validation See validate. validation - The stage in the software life-cycle at the end of the development process where software is evaluated to ensure that it complies with the requirements. and penetration. As an organization we are bigger, more efficient and better equipped for the continued introduction of new technologies that meet the needs of our customers here in the U.S. and worldwide," he said. NEC Labs will operate as a subsidiary of NEC USA with an initial staff of approximately 90 research specialists located in New Jersey and California. NEC Labs expects to add additional research scientists in key areas this year. About NEC USA NEC USA, Inc., a subsidiary of high technology giant NEC Corporation (Nasdaq:NIPNY), oversees NEC's commercial and R&D enterprises in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . NEC USA subsidiaries include NEC America, NEC Electronics, NEC Solutions (America), NEC Eluminant Technologies, NEC FiberOptech, NEC Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and NEC Laboratories America. Serving businesses and people with innovative technology for more than 100 years, NEC Corporation is a Global Fortune 500(R) company, a patent- producing leader worldwide, and a major provider of broadband and wireless networks and IT products, services and solutions. For more information about NEC USA and its operations, visit the company Web site at www.necus.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion