OMRON Opens New R&D Facility in Shanghai, Capping Off Major Investment in Chinese Market; Collaborating with Universities to Make New Breakthroughs in Sensing & Control Technology.Tokyo, Japan, June 9, 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) - OMRON Corporation (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : 6645; ADR ADR - Astra Digital Radio : OMRNY), a global leader in automation, sensing and control technology, today announced the opening of OMRON R&D Collaborative Innovation Center (Shanghai) in China, its first major R&D facility outside Japan. Located in Shanghai Zizhu Science-based Technology Park, the US$9.7 million facility will focus on further developing Omron's 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):
"The Center will provide a space for true collaborative innovation between Omron researchers and domestic institutions, who will work together to conceive and develop new applications of our sensing and control technology in the realms of safety, security, environmental preservation Environmental preservation is the strict setting aside of natural resources to prevent the use or contact by humans or by human intervention. In terms of policy making this often means setting aside areas as nature reserves (otherwise known as wildlife reserves), parks, or other and health care," said Hisao Sakuta, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Omron Corporation. As part of its long-term management plan, 'Grand Design 2010', Omron has positioned 'business expansion in China' alongside 'sales growth in new business areas' as top priorities in order to achieve an intermediate goal of JPY JPY In currencies, this is the abbreviation for the Japanese Yen. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 750 billion in consolidated sales and JPY 75 billion in operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. for FY07. Over the three-year period from FY04-06, Omron has made a series of strategic investments, totaling almost JPY 30 billion (approx. US$ 250 million), in the Chinese market. Until now, these have focused on production and sales network expansion, and include the establishment of a global design and production center for industrial automation in Shanghai* and an automotive electronics production base in Guangzhou**, the expansion of an electronic components factory in Shenzhen*** and setting up a purchasing unit in Shanghai** to underpin the Company's new centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. procurement strategy. With the opening of this Collaborative Innovation Center, Omron has now added world-class R&D facilities to its operations in China. "The Center's opening today marks the successful completion of a three-year program of major capital commitment in China. We are now looking forward to reaping the returns on these investments in the final stage of our long-term plan (FY08-10), while continuing to explore new investment opportunities as we work towards our FY08 target of US$1.33 billion (approx. JPY 150 billion) for consolidated sales in China," said Sakuta. The OMRON R&D Collaborative Innovation Center (Shanghai) will initially house the Omron Institute of Sensing & Technology (Shanghai) Co., Ltd. ('ORS'), whose researchers are focusing on vision sensing, including facial recognition Noun 1. facial recognition - biometric identification by scanning a person's face and matching it against a library of known faces; "they used face recognition to spot known terrorists" automatic face recognition, face recognition , and control technologies that equip machines with near-human levels of judgment. The Center will also welcome outside researchers and students working in related fields from Shanghai Jiaotong, Tsinghua, Xian Jiaotong, Zhejiang and other Chinese universities as part of Omron's commitment to collaborative innovation. Initially, around 100 researchers will be engaged in research on approximately 30 different themes. The numbers of both personnel and research themes will double by FY09, and grow further as internal business divisions set up individual research units in the Center. Outline of the OMRON R&D Collaborative Innovation Center (Shanghai)
Name OMRON R&D Collaborative Innovation Center (Shanghai)
Area Land: 20,000m2;
Building area: 5,000m2;
Total floor space: 14,010 m2
Investment US$ 9.7 million (including real estate, building, infrastructure)
Location Shanghai Zizhu Science-based Technology Park, Shanghai, China
Opening June 2007
Outline of Omron Institute of Sensing & Technology (Shanghai) Co., Ltd. (ORS ORS oral rehydration salts. Oral Rehydration Solution (ORS) A liquid preparation developed by the World Health Organization that can decrease fluid loss in persons with diarrhea. )
Company Omron Institute of Sensing & Control Technology
(Shanghai) Co., Ltd.
Business R&D into advanced sensing and control technologies
Representative Satoshi Yano, President
Researchers Approx. 100 initially, rising to approx. 200 by the end
of FY09 (including university-affiliated researchers etc.)
Capital Approx. US$ 1.4 million (wholly owned subsidiary of Omron
Corp.)
Established August 2005
*Completed in FY06 **Completed in FY05 ***Completed in FY07 About OMRON Corporation Headquartered in Kyoto, Japan, OMRON Corporation (TSE: 6645; NYSE NYSE See: New York Stock Exchange : OMRNY) is a global leader in the field of automation. Established in 1933 and headed by President and CEO Hisao Sakuta, OMRON has more than 33,000 employees in over 32 countries working to provide products and services to customers in a variety of fields including industrial automation, electronic components, social systems (ticket gate machines, ticket vending machines vending machine, coin-operated, automatic device for selling goods. Many vending machines are capable of making change, and some of the more sophisticated ones accept paper money or credit cards. , and traffic control) and healthcare. The company is divided into five regions and head offices are in Japan (Kyoto), Asia Pacific (Singapore), China (Shanghai), Europe (Amsterdam) and US (Chicago). For more information, visit OMRON's website at www.omron.com Source: OMRON Corporation Contact: James Seddon OMRON Corporate Communications Department Email: james_seddon@omron.co.jp Tel: +81-3-3436-7202 Japan Corporate News Network. All rights reserved. |
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