NEC to Merge LCD Manufacturing Subsidiaries with NEC LCD Technologies; New Structure to Enable Streamlined Operations, Faster Response to Market Needs.Tokyo, Japan, Jan 26, 2007 - (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) and NEC LCD Technologies, Ltd today agreed to merge NEC Akita, Ltd and NEC Kagoshima, Ltd. with their parent company, NEC LCD Technologies, effective as of April 1, 2007. The integration is aimed at increasing operational efficiencies and accelerating the decision making process through streamlined management of R&D, manufacturing, and sales functions, vital to enabling fast and flexible response to increasingly diverse and sophisticated customer needs in the target industrial and high-end monitor markets of NEC LCD Technologies. NEC will continue to strengthen its technologies and management structure to maintain its leading position in the increasingly competitive LCD display market. About NEC LCD Technologies, Ltd. NEC LCD Technologies, Ltd. is one of the world's leading providers of high-quality, innovative, active-matrix liquid crystal display An active matrix liquid crystal display (AMLCD) is a type of flat panel display, currently the overwhelming choice of notebook computer manufacturers, due to light weight, very good image quality, wide color gamut, and response time. The term was first used in 1975 by Dr T. (AM-LCDs) modules for the industrial and high-end monitor markets. The company focuses its development on three core technology areas: ultra-wide viewing angle SFT SFT Statens Forurensningstilsyn (Norwegian Pollution Control Authority) SFT System Fault Tolerance SFT Shaft SFT Secure File Transfer SFT School Food Trust (UK) SFT Societe Francaise des Traducteurs technology with high luminance and fast response; transflective NLT technology; and adaptive design technology that meet a variety of specialized needs for the flat panel display A thin display screen for computer and TV usage. The first flat panels appeared on laptop computers in the mid-1980s, and the LCD technology became the standard. Stand-alone LCD screens became available for desktop computers in the mid-1990s and exceeded sales of CRTs for the first time markets. NEC LCD Technologies' worldwide support includes sales and marketing affiliates NEC Electronics America, Inc. (www.am.necel.com) and NEC Electronics Europe (www.eu.necel.com) that offer specialized display solutions to their respective markets. NEC LCD Technologies employs approximately 1,200 people worldwide and offers one of the broadest product portfolios for the medical, factory automation, test and measurement, entertainment, kiosk, POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale and ATM markets. Additional information can be found at http://www.nec-lcd.com/english/index.html . 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) 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 150,000 people worldwide and had net sales of approximately 4,825 billion yen (approx. $41.2 billion) in the fiscal year ended March 2006. 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: In Japan Diane Foley NEC Corporation d-foley@ax.jp.nec.com +81-3-3798-6511 Copyright [c] 2007 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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