USHIO and Komatsu Sign Excimer Laser Joint Venture Agreement; The New Company, GIGAPHOTON INC., to Start Business from August 1.Business Editors/High-Tech Writers SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif.--(BUSINESS WIRE)--July 10, 2000 Komatsu Komatsu (kōmä`ts  ), city (1990 pop. 106,075), Ishikawa prefecture, central Honshu, Japan. Ltd. and USHIO Ushio may refer to:
Antonym: dec. . officially signed a joint venture agreement in the excimer laser A gas laser in which a very short electrical pulse excites a mixture containing a halogen such as fluorine and a rare gas such as argon or krypton. It produces a brief, intense pulse of ultraviolet light. business today, following the approval of its conclusion by the boards of directors of both parties. Since signing a memorandum of agreement A memorandum of agreement (MOA) or cooperative agreement is a document written between parties to cooperatively work together on an agreed upon project or meet an agreed upon objective. The purpose of an MOA is to have a written understanding of the agreement between parties. on May 17, both companies were working out the details of the joint venture in the entire business of excimer lasers used for lithography lithography (lĭthŏg`rəfē), type of planographic or surface printing. It is distinguished from letterpress (relief) printing and from intaglio printing (in which the design is cut or etched into the plate). tools in semiconductor manufacturing. The new joint venture company is due to start operation from August 1. As a pioneer of lithography tool light source, USHIO has established highly reliable, solid sales and service systems over the years. In the meantime Adv. 1. in the meantime - during the intervening time; "meanwhile I will not think about the problem"; "meantime he was attentive to his other interests"; "in the meantime the police were notified" meantime, meanwhile , Komatsu claims more than 15% of the global excimer laser market with its leading-edge technology and manufacturing facility managed under its well-known well-known adj. 1. Widely known; familiar or famous: a well-known performer. 2. Fully known: well-known facts. QC system. While converging con·verge v. con·verged, con·verg·ing, con·verg·es v.intr. 1. a. To tend toward or approach an intersecting point: lines that converge. b. such strengths of both companies, the company will strive to accelerate the speed of development by synergies in technology, drawing on increased efficiency by the integration. At the same time, it will work hard to launch new products faster than its rivals in pursuit of top shares in the global excimer laser market, in order to achieve business expansion with a possible IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. in sight.
Outline of the Joint Venture
1. Company Name GIGAPHOTON INC.
2. Directors Team
Titles at the JV Name Current Titles
Chairman & CEO Akihiro Tanaka President, USHIO INC.
Executive Vice Chairman Yuji Watanabe Executive Officer,
President, Electronics
Division, Komatsu Ltd.
President & COO Shintarou Sugimoto General Manager, Excimer
Laser Department,
Electronics Division,
Komatsu Ltd.
Executive Vice President Tetsuji Arai Director and Corporate
Executive Vice President
Systems Division, USHIO
INC.
Corporate Executive Masayoshi Murakami Director and Corporate
Vice President & CFO Senior Vice President
Lamp Division, USHIO
INC.
Corporate Executive Hakaru Mizoguchi General Manager, Laser
Vice President & General Research Department,
Manager of Research Research Center,
Research Division,
Komatsu Ltd.
3. Head Office & Establishments
-- Head Office Address:
Asahi Tokai Bldg., 2-6-1 Ohtemachi,
Chiyoda-ku, Tokyo 100-0004
-- Key Establishments
For the time being, existing facilities and operating bases of
both companies will be utilized. The key establishments are as
follows:
1) Research Center
Hiratsuka, Kanagawa
2) Development and Production
Oyama, Tochigi
3) Head Office Sales Department
Chiyoda-ku, Tokyo
4. Total Assets
(Y)9,000 million
5. Capitalization
(Y)2,000 million (equity ratio of 50:50)
6. No. Of Employees
Approx. 180
7. Business Outlook
-- Fiscal 2001 (August 1, 2000 - March 31, 2001)
Net sales: Approx.(Y)6,000 million
Net loss: Approx.(Y)600 million
-- Fiscal 2002 (April 1, 2001 - March 31, 2002)
Net sales: Approx.(Y)12,700 million
Net income: Approx.(Y)700 million
Due to the accumulation of founding expenses, the first fiscal year projects a net loss although plans call for achieving profitability, beginning in the second fiscal year, through business expansion, increased management efficiency and so forth. |
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