Day: 2025-02-07

-- New "EC-8" Model to Be Marketed this Spring, with Expanded Feature to Control up to 8 Centrifugal Chillers --- Optimal control of centrifugal chillers and peripheral equipment, achieving further energy savings across the whole heat source facilities- With added features for multiple pump system and communication protocols, the new model can be more widely installed in overseasTOKYO, Feb 6, 2025 - (JCN Newswire via SeaPRwire.com) - Mitsubishi Heavy Industries Thermal Systems, Ltd. (MHI Thermal Systems), a part of Mitsubishi Heavy Industries (MHI) Group, announces the launch of a new model of its "Ene-Conductor" Heat Source Control System for integrated control of centrifugal chillers and peripheral equipment such as chilled water pumps, cooling water pumps, and cooling towers. The new EC-8 model, to be added to the lineup this spring, allows for control of up to 8 centrifugal chiller units. With these features, the new model can be more widely used and installed in overseas large-scale facilities, as well as enhancing the energy conservation for the whole facilities.Ene-Conductor incorporates the operational and control knowledges and experiences as a centrifugal chiller manufacturer, offering a packaged solution with higher energy-saving control functions, such as controlling the number of centrifugal chillers, controlling the variable flow rate of chilled water and cooling water. With these packaged features, the new model automatically determines the optimal operation of the entire air conditioning system, reducing power consumption by up to approximately 26%.(Note1) In addition, because the repeated system design in each project and workload for installation can be reduced, the system can be installed easily. Furthermore, Ene-Conductor can be added to existing facilities, therefore, even without renewing and updating facilities, it is possible to install the Ene-Conductor and realize further energy savings.The EC-8 model supports both the individual pump system(Note2) and the multiple pump system(Note3) widely used in Southeast Asia and the Middle East. For the communication protocol for exchanging information between machines and sensors, the BACnet® protocol has been added in addition to Modbus®. This makes it possible to real-time data exchange with a higher-level supervisory control device, improving responsiveness. In addition, there is less wirings (signal cables), therefore, construction management is also easier. These additional features allow the system to be installed in a broader range of facilities especially in overseas.MHI Group has made a declaration to achieve carbon neutrality by 2040, and is working to reduce CO2emissions from its own plants and other production-related facilities, as well as reduce the CO2emissions at customer facilities that use MHI Group products. As a part of MHI Group, MHI Thermal Systems supplies a large number of centrifugal chillers for general air conditioning, factory air conditioning, and district heating and cooling, boasting the top market share in Japan in this field. Going forward, MHI Thermal Systems will continue to respond to customer needs, and by delivering centrifugal chillers and thermal solution products with a low environmental load, contribute to the realization of a carbon neutral world.(1) Comparison between three standalone units of MHI Thermal Systems' JHT-Y75I centrifugal chiller (700 refrigeration tons), and the same units controlled by Ene-Conductor.(2) A system in which primary cold and hot water pumps or cooling water pumps are connected by piping individually to a centrifugal chiller or other heat source, supplying cold and hot water or cooling water.(3) A system in which a single or several primary cold and hot water pumps or cooling water pumps are branched by a common pipe to several centrifugal chillers or other heat source, with cold and hot water or cooling water supplied as necessary.About MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com. Copyright 2025 JCN Newswire via SeaPRwire.com.

TOKYO, Feb 6, 2025 - (JCN Newswire via SeaPRwire.com) - Hitachi, Ltd. (TSE: 6501, "Hitachi") today announced the establishment of the fourth fund of the corporate venture capital(hereinafter referred to as "CVC") fund"HV Fund" with a purpose to identify startups with the potential to create or disruptlarge attractive markets, anticipate the next technological and social turning points, and generate future growth opportunities. The fourth fund will have a size of 400 million USD, which is the largest CVC fund managed by Hitachi to date. The fund will make strategic investments in startups with cutting-edge, digital technologies such as data centers, distributed energysystems, future of work and industrial AI, as well as startups in new frontiers including bio, quantum, nuclear fusion, lifescience, space and adjacent technologies. With the establishment of the fourth fund, Hitachi's investment in CVC will reach1 billion USD (AUM(1)), a world-class investment scale which will further accelerate open innovation and contribute to theinnovation ecosystem of startups globally.Under the leadership of Toshiaki Tokunaga, who will be appointed as Representative Executive Officer, President & CEOin April, Hitachi aims to realize "True One Hitachi" with digital at its core and accelerate sustainable growth of Social Innovation Business. In the next Mid-term Management Plan, which is currently being formulated, Hitachi will enhance not only existing businesses but also efforts to explore new technologies and capture future growth opportunities. Theestablishment of the fourth fund is intended to add on and further expand Hitachi’s investment in innovative startups toidentify the next technology turning points and business model changes that will lead to business creation. In order topromote business creation under the new Mid-term Management Plan, this corporate venturing initiative will collaborate with“Strategic SIB(2) Business Unit”, which will be launched in April to mobilize company-wide resources and accelerate innovation.Hitachi established Hitachi Ventures ("HV") in June 2019, and now managed 3 CVC funds. HV now has a startup portfolio of38 companies, including newly born Unicorns that meet the criteria of "more than 1 billion USD in valuation" and "within 10years of establishment". In addition, about half of this portfolio have already begun collaborating with Hitachi’s business units and group companies and are making progress. These startups include: Makersite, the leader in product lifecycle intelligence software, which uses AI and data analysis to accelerate and enhance sustainable product and supply chain decision-making; Captura, which offers advanced engineered carbon dioxide removal technology; and Archetype AI,whose Physical AI foundation model, Newton, enables developers to rapidly build solutions with their real-world sensordata. These collaborations are contributing to accelerated implementation of cutting-edge technologies and business models.By leveraging these achievements under a world-class CVC investment scale, combined with the development of cutting-edge technologies through own R&D, Hitachi will anticipate the latest transitions in technology and society, linking them tobusiness creation, thus achieving sustainable growth.(1) AUM: Assets Under Management(2) SIB: Social Innovation BusinessKeiji Kojima, President and CEO of Hitachi, Ltd. said:Hitachi's efforts in CVC, which began in 2019 with 150 million USD, have expanded to 1 billion USD in 5 years, driven in part by the disruptive innovation brought about by Generative AI. With technology trends shifting at an unprecedentedspeed, it is important to identify the next global change point while leveraging the external ecosystem in addition to developing cutting-edge technologies through R&D, for further growth of the Social Innovation Business. We hope that the establishment of the fourth fund will accelerate our quest for new growth opportunities.Toshiaki Tokunaga, Representative Executive Officer and Executive Vice President, Hitachi, Ltd. (To beappointed as Representative Executive Officer, President & CEO on April 1, 2025) said:Under the next Mid-term Management Plan currently being formulated, Hitachi will accelerate its progress toward becominga global leader in Social Innovation Business by achieving "True One Hitachi" with digital at its core. Against this backdrop,strengthening our ability to anticipate global change and adding this new CVC fund to search for the next technologicaltrend beyond Gen AI are significant steps toward achieving sustainable growth. Through our CVC, we will continue to embody the "pioneering spirit" inherited from our founder, Namihei Odaira, and create new growth opportunities jointly withstartups around the world.Stefan Gabriel, CEO & Managing Director, Hitachi Ventures said:We are very grateful for the trust and support from Hitachi’s Executives committing a fourth Hitachi Ventures fund. Whiletopping up our AUM to 1 billion USD, Hitachi Ventures will be able to keep the speed of venture investing in futureUnicorns of fast-changing growth markets in upcoming regions that create strategic and technical relevance for Hitachi’sbusinesses. With our minority investments we help to combine the agility, entrepreneurial spirit and speed of startups withthe global industry reach, trusted expertise and financial strength of Hitachi. This will greatly accelerate the transition of Hitachiand its customers in their transformation journey and help build and grow businesses, collaborate and innovate withselected Unicorns of tomorrow.Overview of the Fourth FundNameHV Fund IVDate ofEstablishmentApril 1, 2025 (scheduled)Advisory CompanyHitachi Ventures GmbHInvestorHitachi, Ltd.Fund Size400 million USDInvestment TargetInnovative startup in cutting-edge, digital technology and new frontiersAbout Hitachi Ventures GmbHDate of EstablishmentJune 1, 2019LocationGermany: Munich (headquarter) USA: Palo Alto, BostonRepresentativeCEO and Managing Director, Stefan GabrielHitachi Ventures is the corporate venture capital arm of Hitachi Ltd. With 1 billion USD assets under management, we focus oninvesting in early-stage and growth-stage technology companies with strategic relevance to Hitachi. With a global networkand extensive experience across various industries, Hitachi Ventures supports innovative startups in their journey todisrupt markets and transform industries. The firm’s investment areas span from environmental tech & circularity, energy, mobility, AI & digital technologies, to industrial automation and life sciences. For more information on Hitachi Ventures, please visit the company's website at https://www.hitachi- ventures.comAbout Hitachi, Ltd.Hitachi is promoting the Social Innovation Business, which uses data and technology to realize a sustainable society. Thethree business sectors are Digital Systems & Services, which supports DX for customers; Green Energy & Mobility, whichcontributes to the realization of a decarbonized society through energy and rail; and Connective Industries, which providessolutions by digitally connecting products in a wide range of industries. Under the business structure of the three sectors, weprovide solutions to our customers and society through Lumada solutions that utilize IT, OT (control and operation technology), and products. Driven by Digital, Green, and Innovation, we aim to grow through collaborative creation with ourcustomers. 3 Sector sales revenue for fiscal year 2023 (ending March 31, 2024) is 8,564.3 billion yen, and as of March 31, 2024, we have 573 consolidated subsidiaries and approximately 270,000 employees worldwide. For more information, please visit Hitachi's website at https://www.hitachi.co.jp/.Contact for InquiriesCorporate Venturing Hitachi, Ltd.Contact form: https://tinyurl.com/3zbyntdh Copyright 2025 JCN Newswire via SeaPRwire.com.

TOKYO, Feb 7, 2025 - (JCN Newswire via SeaPRwire.com) - TANAKA PRECIOUS METAL GROUP Co., Ltd. (Head Office: Chuo-ku, Tokyo; Group CEO: Koichiro Tanaka) will provide and donate gold, silver, and bronze medals to the top three men and women finishers of the marathon and wheelchair marathon events at the Tokyo Marathon 2025. The Tokyo Marathon 2025 is organized by the Tokyo Marathon Foundation and will be held on March 2, 2025.Design Representing All the Participants in the Event with Woven LinesThe medals were designed based on the concept of the Tokyo Marathon: The Day We Unite. On the front of the medal, the logo type is placed horizontally above the event logo pattern, which represents “runners, supporters, and cheerers,” to represent the many people who gather and support this event.On the back side of the medal, the name of the event, Tokyo Marathon 2025, is written in Braille, and the word “FINISHER” and the date of the event are engraved, along with TANAKA’s logo. The medal’s ribbon design is a continuation of the 2016 design and is based on the event logo, which resembles a tapestry of lines woven together to represent all the runners, volunteers, and spectators.About the Tokyo Marathon 2025The Tokyo Marathon 2025 is the 18th edition of one of the largest public participation marathons in Japan. As it will celebrate its 20th anniversary in 2027, the event strives to be even more exciting for all participants, based on three pillars: “The safest and most secure race in the world,” “The most exciting race in the world,” and “The warmest and most friendly race in the world.” This year, the event has adopted “SPARK!” as the keyword to represent the enthusiasm of everyone, the way each person’s motivation ignites their heart, and how their emotions will explode.TANAKA has produced the winner medals and finisher medals for every Tokyo Marathon since the first held in 2007, with this year marking the 18th year. The Tokyo Marathon joined the World Marathon Majors (currently the Abbott World Marathon Majors) in 2013, attracting global attention as one of the world’s seven premier marathons. Other than the Tokyo Marathon, TANAKA has also produced medals for the winners of the Tokyo Legacy Half Marathon, supported the promotion of para-sports as an official partner of the Japanese Para Sports Association (JPSA), and produced and sold official commemorative medals for the 1964 Tokyo Olympic Games. TANAKA will continue to produce medals made of precious metals and support the promotion of sports with the aim of contributing to the realization of a prosperous society.Overview of the Tokyo Marathon 2025 MedalsWeight, size and materialGold Medal: approx. 100g 65mm in diameter and approx. 2.8mm: pure silver with gold platingSilver Medal: approx. 100g 65mm in diameter and approx. 2.8mm: pure silverBronze Medal: approx. 85g 65mm in diameter and approx. 2.8mm: pure copper platingTokyo Marathon 2025 MedalsExhibition Schedule at GINZA TANAKA (Ginza Main Branch)- Exhibition Period: February 8 to 27, 2025- Exhibition Venue: 1F, Ginza Main Branch, GINZA TANAKA*The exhibition is open to everyone to view.*For those who wish to cover or photograph the medals or bring them into a studio during the exhibition period, please contact the Press Desk (03-6260-4854).Race Information of the Tokyo Marathon 2025OrganizerTokyo Marathon FoundationCo-organizersJAAF (Japan Association of Athletics Federations); Tokyo Metropolitan Government;The Yomiuri Shimbun; Nippon Television Network Corporation;Fuji Television Network, Inc.; Sankei Shimbun Co., Ltd.; The Tokyo Shimbun.Managing OrganizationTokyo Athletics AssociationOperation SupporterTokyo Sports Association for the Disabled; Kanto Para Athletics.Supporting OrganizationsJAPAN SPORTS AGENCY; Ministry of Land, Infrastructure, Transport and Tourism;Japan Tourism Agency; Metropolitan Tokyo Mayors' Council; Japan Sports Association;Japanese Olympic Committee; Japanese Para Sports Association;Japan Para Athletics; Nippon Keidanren (Japan Business Federation);KEIZAI DOYUKAI (Japan Association of Corporate Executives);The Tokyo Chamber of Commerce and Industry; Tokyo Medical Association;Tokyo Disaster Prevention & Emergency Medical Service Association;Tokyo Private Ambulance Call Center Registered Companies Liaison Council;TOKYO NURSING ASSOCIATION; Tokyo Convention & Visitors Bureau;Tokyo Federation of Neighborhood Associations;Tokyo Federation of Shopping Center Promotion Associations & Tokyo Federation of Shopping Centers;Tokyo Sports Association; Community Sport Leaders Tokyo;Metropolitan Expressway Co., Ltd; The Hochi Shimbun; Radio Nippon Co., Ltd.;Sankei Sports; Nippon Broadcasting System, Inc.;The Tokyo Chunichi Sports.Presenting PartnerTokyo Metro Co., Ltd.Official PartnersSTARTS CORPORATION INC.; Mastercard; ASICS Japan Corp.;Otsuka Pharmaceutical Co., Ltd.; KINTETSU INTERNATIONAL;SEIKO GROUP CORPORATION; The Dai-ichi Life Insurance Company, Limited; McDonald's Company (Japan), Ltd.; Mizuho Bank, Ltd.;Kokumin Kyosai co-op (National Federation of Workers and Consumers Kyosai Cooperatives);Hisamitsu Pharmaceutical Co., Inc.; Kao Corporation; BATHCLIN CORPORATION; Porsche Japan K.K.; NIHON KOHDEN CORPORATION; KOYOU RENTIA Co., Ltd.; Fanplus, Inc.; Shimizu Octo, Inc.; SAGAWA EXPRESS CO., LTD.;TANAKA PRECIOUS METAL GROUP Co., Ltd.; Rokko Butter, Co., Ltd.;Hibino Corporation; Photocreate Co., Ltd;DateSunday, March 2, 2025*The race information is current as of the time this press release was published. For the latest information, please check the Tokyo Marathon official website.About TANAKASince its foundation in 1885, TANAKA has built a portfolio of products to support a diversified range of business uses focused on precious metals. TANAKA is a leader in Japan regarding the volume of precious metals it handles. Over many years, TANAKA has manufactured and sold precious metal products for industry and provided precious metals in such forms as jewelry and assets. As precious metals specialists, all Group companies in Japan and worldwide collaborate on manufacturing, sales, and technology development to offer a full range of products and services. With 5,355 employees, the group’s consolidated net sales for the fiscal year ending December, 2023, was 611.1 billion yen.TANAKA PRECIOUS METAL GROUP Co., Ltd.Websitehttps://www.tanaka.co.jp/english/Press inquiriesTANAKA PRECIOUS METAL GROUP Co., Ltd.https://www.tanaka.co.jp/support/req/other_contact_e/index.htmlPress Release: https://www.acnnewswire.com/docs/files/20250206.pdf Copyright 2025 JCN Newswire via SeaPRwire.com.