Eutelsat and Mitsubishi Heavy Industries Reach Agreement for Multiple Launches JCN Newswire

Eutelsat and Mitsubishi Heavy Industries Reach Agreement for Multiple Launches

Paris / Tokyo, Sep 18, 2024 - (JCN Newswire via SeaPRwire.com) - Eutelsat Group (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL), and Mitsubishi Heavy Industries Ltd. ("MHI"), the leading global industrial group and the launch services provider, announce the signature of a new agreement for multiple launches. Under the terms of the agreement, MHI will provide multiple launches by its H3 launch vehicle from 2027.This is the first agreement between Eutelsat and MHI, and today's announcement cements the growing partnership between both companies.Eutelsat has consistently worked with leading launch providers to deliver its fleet into orbit and this latest agreement brings additional diversity and additional opportunities to launch Eutelsat's satellites in the coming years.MHI Launch Services enjoys an extremely high success rate of over 98%, utilising its H-IIA and H-IIB launch vehicles, and has executed more than 50 successful consecutive launches since 2005, delivered on-time and to the customer satisfaction. Today, MHI's technologies and know-how of development and operation of launch vehicles have ensured successful launches of H3, Japan's new launch vehicle. The H3 Launch Vehicle builds on the legacy of the highly reliable H-IIA & H-IIB and is designed to deliver enhanced customer-service and address an even greater range of launch requirements. The third launch of H3 was successfully completed on July 1, 2024.Arlen Kassighian, Chief Engineering Officer of Eutelsat Group, said: "We are delighted to inaugurate our relationship with MHI with this multi-launch agreement. Access to Space is critical for operators like Eutelsat, and we are excited to add MHI to our portfolio of launches, knowing that we can rely on its outstanding track record and technology to deliver our satellites into orbit."Iwao Igarashi, Vice President and Senior General Manager of Space Systems at MHI, said: "MHI deeply appreciates the honor of entering into the first launch agreement with Eutelsat, the global leading satellite operator, and being selected as their launch partner to deploy their satellites. MHI is committed to delivering highly reliable and transparent launch services for its customers, that build market trust through the accumulation of successful launches. We look forward to developing a long-lasting and mutually beneficial partnership with Eutelsat."About Eutelsat GroupEutelsat Group is a global leader in satellite communications, delivering connectivity and broadcast services worldwide. The Group was formed through the combination of the Company and OneWeb in 2023, becoming the first fully integrated GEO-LEO satellite operator with a fleet of 35 Geostationary satellites and a Low Earth Orbit (LEO) constellation of more than 600 satellites. The Group addresses the needs of customers in four key verticals of Video, where it distributes more than 6,500 television channels, and the high-growth connectivity markets of Mobile Connectivity, Fixed Connectivity, and Government Services. Eutelsat Group's unique suite of in-orbit assets enables it to deliver integrated solutions to meet the needs of global customers. The Company is headquartered in Paris and the Eutelsat Group employs more than 1,700 people across more than 50 countries. The Group is committed to delivering safe, resilient, and environmentally sustainable connectivity to help bridge the digital divide. The Company is listed on the Euronext Paris Stock Exchange (ticker: ETL) and the London Stock Exchange (ticker: ETL). Find out more at: www.eutelsat.comAbout 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 2024 JCN Newswire via SeaPRwire.com.
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NEC Orchestrating Future Fund invests in Sakana AI to promote development of generative AI JCN Newswire

NEC Orchestrating Future Fund invests in Sakana AI to promote development of generative AI

TOKYO, Sep 18, 2024 - (JCN Newswire via SeaPRwire.com) - NEC Orchestrating Future Fund (NOFF), an ecosystem-based corporate venture capital (CVC) fund, has made an investment in Sakana AI, a Japan-based company that gathers technical talent from around the world to conduct research and development of generative AI.While the use of AI is essential to improve the competitiveness of companies, the development of large-scale AI models requires an enormous amount of time and cost to learn data.Sakana AI was founded in Tokyo in 2023 by David Ha, who has led research on complex and autonomous systems at Google Brain's Japan division, Llion Jones, one of the authors of the paper "Attention Is All You Need," which helped to trigger the current boom in generative AI, and Ren Ito, who took the lead on the global expansion of Mercari, Japan's first unicorn start-up. The company creates innovative AI development methods by combining multiple different AI models, resulting in the low cost creation of large-scale models that feature new functions.NEC aims to be a social value creator that solves various social issues through cutting-edge technologies. AI is a key technology for achieving these goals, which makes it essential to ensure that AI models are developed efficiently and safely for a wide range of industries.Sakana AI's technology has the potential to quickly lead to solutions to unique and complex challenges in a variety of fields, including space and government. Therefore, with this investment, NEC Corporation (NEC; TSE: 6701) has initiated discussions with Sakana AI for business collaboration using generative AI."The NEC Orchestrating Future Fund invests in startups that are pioneering new markets with cutting-edge technologies and innovative business models," said Motoo Nishihara, Corporate Executive Vice President and Chief Technology Officer (CTO) of NEC Corporation. "Sakana AI is a company that can greatly expand the potential of AI applications, which is in line with NEC's vision of AI that is smoothly integrated throughout society. Together with Sakana AI, we will accelerate our efforts to create new social value.""We will accelerate both our R&D and business development collaboration in partnership with NEC," said David Ha, Co-Founder and CEO of Sakana AI. "Through our partnership with NEC, we will do our utmost to provide solutions to the challenges that Japanese industries and society face."About NEC CorporationNEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of "Orchestrating a brighter world." NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at https://www.nec.com. Copyright 2024 JCN Newswire via SeaPRwire.com.
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IHI, Fujitsu, and Mizuho Bank form agreement to launch joint business venture to provide total support scheme for J-Credit JCN Newswire

IHI, Fujitsu, and Mizuho Bank form agreement to launch joint business venture to provide total support scheme for J-Credit

KAWASAKI, Japan, Sep 18, 2024 - (JCN Newswire via SeaPRwire.com) - IHI Corporation, Fujitsu Limited, and Mizuho Bank, Ltd. today announced that as of September 16, 2024, the three companies have entered into a memorandum of understanding regarding a joint business venture to provide the J-Credit (1) Creation Total Support Service. This service will optimize the J-Credit creation process in J-Credit scheme and support rapid monetization for J-Credit creators.The J-Credit Creation Total Support ServiceCurrently, in order for companies and organizations to create J-Credits, various procedures are necessary across each of the phases, from project registration to J-Credit creation, and the significant time and effort required is an issue. In addition, there is an inherent risk that a buyer won't be found after the credits are created, and that monetization will be delayed.In order to tackle these issues, and increase J-Credit creation ahead of expected rising demand, this joint enterprise will combine the Mizuho Bank network with the MRV Support System (2), which digitizes the process of creating environmental value (i.e., measurement, reporting, and verification) and was developed by IHI and Fujitsu, to offer a total support service for J-Credit creators. In addition, in the first quarter of fiscal 2025, the effort aims to start providing J-Credits creation support for activities to reduce emissions through the introduction of photovoltaic power generation facilities to replace grid electricity.The J-Credit Creation Total Support Service combines Fujitsu's blockchain and automation technology with IHI's knowledge regarding J-Credit creation and data collection engineering know-how to enable highly reliable data management and storage and reduce burden through automation of application procedures required for J-Credit creation. Moreover, through the J-Credit priority purchase program-which utilizes Mizuho Bank's customer network, the three companies provide a one-stop service.IHI leverages its engineering and IoT capabilities to collect operational data on customer facilities, calculate CO2 reductions, and support the creation of environmental value including through the creation of J-Credits. By utilizing the environmental value management platform (3) and promoting further digitalization of the creation process, IHI will work to create a system that can create credible environmental value efficiently and further contribute to the realization of a decarbonized society.Under the Fujitsu Uvance business model, which focuses on resolving societal issues, Fujitsu's platform for the management of ESG, that supports the realization of corporate ESG management by visualizing, measuring, and optimizing CO2 reductions, uses AI to analyze ESG data, including data on CO2 emission reductions collected at the time of J-Credit creation and provides simulations needed for sophisticated management decision-making as well as recommendations. Through these measures, Fujitsu supports to acceleration of its customers sustainability transformation (SX.)Mizuho Bank aims to facilitate decarbonization for its customers and society as a whole by playing an intermediary role for the emerging carbon credit market in its capacity as a financial institution. As the only financial institution designated as a "Best Market Maker" in the Tokyo Stock Exchange's carbon credit market, Mizuho Bank is working to promote the liquidity and progress of the J-Credit market, and make contributions to both the environment and the economy.Through this collaboration, the three companies seek to expand the J-Credit Creation market, accelerate decarbonization management and contribute to the creation of a sustainable society.(1) J-Credit :Credits certified by the Japanese government for the amount of greenhouse gas emissions reduction or absorption.(2) MRV Support System :A system that uses blockchain to improve the efficiency of operations such as monitoring, reporting, and verification of J-Credits. In FY2023 IHI and Fujitsu participated in a PoC related to digitization of credit certification utilizing the Ministry of the Environment's "J-Credit Easy Generation" platform (now called the "MRV Support System") and demonstrated the easy application for companies and other creators of environmental value through CO2 reduction activities. In FY 2024, the two companies were among those selected by the Ministry of the Economy to promote the digitization of MRV systems for J-Credit.(3) The environmental value management platform :A digital platform for accumulating and commercializing data inside and outside the IHI Group as environmental value.About IHIIHI is a preeminent Japanese integrated heavy industry group that originated with the establishment of the nation's first modern shipyard in 1853. It leveraged its shipbuilding technology to expand into onshore machinery, bridge, plant, aero-engine, and other manufacturing fields. IHI has provided an array of solutions in recent years. These are principally in the Resource, Energy and Environment; Social Infrastructure and Offshore Facilities; Industrial Systems and General-Purpose Machinery; and Aero Engine, Space and Defense business segments. In power generation, the Company manufactures boilers and gas turbines for thermal power plants. It is developing technology for ammonia firing and is constructing carbon-free fuel ammonia supply chain to help decarbonize the economy.About FujitsuFujitsu's purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.7 trillion yen (US$26 billion) for the fiscal year ended March 31, 2024 and remains the top digital services company in Japan by market share. Find out more: www.fujitsu.com.About MizuhoMizuho Bank is a wholly-owned subsidiary of Mizuho Financial Group, Inc., one of the largest, full-service financial institutions in the world, with approximately 60,000 employees in 35 countries/regions outside of Japan, nearly 150 years of banking experience, and assets of almost USD 2 trillion. Mizuho Bank has one of the largest customer bases in Japan, and a global network of financial and business centers. At Mizuho, we will draw on our expertise as a financial services group to proactively provide financing support, including sustainable finance and environmental finance, as well as advice and solutions to strengthen and shift businesses towards decarbonization.Press ContactsFujitsu LimitedPublic and Investor Relations DivisionInquiriesThe J-Credit Creation Total Support Service Copyright 2024 JCN Newswire via SeaPRwire.com.
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JCB and Azer Turk Bank launch JCB merchant acquiring operations across the Republic of Azerbaijan JCN Newswire

JCB and Azer Turk Bank launch JCB merchant acquiring operations across the Republic of Azerbaijan

TOKYO & BAKU, Sept 17, 2024 - (JCN Newswire via SeaPRwire.com) - JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan’s only international payment brand, and Azer Turk Bank OJSC, Azerbaijan state-owned bank with state participation in authorized capital, are delighted to announce the launch of JCB merchant acquiring operations across the Republic of Azerbaijan, allowing cardholders to make payments seamlessly across Azer Turk Bank’s extensive ATM and POS terminal network.Mr. Namid Abdulov, Director of Azer Turk Bank’s Processing Center, expressed his optimism about the future collaboration, emphasizing the positive impact it will have on the business landscape. “We look forward to exploring the opportunities that the JCB payment system brings, fostering a harmonious partnership that benefits everyone involved.”This collaboration holds great promise for Azer Turk Bank’s valued clients and partners. Mr. Abdulov believes that embracing the privileges, campaigns, and discounts offered by JCB’s payment system will not only enrich the customer experience, but also pave the way for mutually beneficial partnerships with our commercial and service partners.Mr. Obaid Bawany, General Manager of JCB International Co., Ltd. Dubai Representative Office, commented: “We are very pleased to be partnering with Azer Turk Bank, one of the largest and fastest- growing banks in Azerbaijan with stable and high business reputation. The number of tourists visiting Azerbaijan is growing rapidly as the republic has a rich ancient history and unique cuisine. The start of JCB Cards acceptance through Azer Turk Bank network will definitely provide more convenience for JCB cardmembers both in terms of points-of-sale and cash withdrawal”.JCB is the only international payment brand originated in Japan, one of the major international payment brands. With a rich history spanning over 60 years, JCB has over 158 million cardholders across various countries and territories while JCB Cards are accepted at about 49 million associated merchants.About Azer Turk BankAzer-Turk Bank is an Azerbaijani state-owned bank that provides retail and commercial banking services. It is an open joint stock company established in 1995, based on a license issued by the Central Bank of the Republic of Azerbaijan. For more detailed information about the bank's products and services, feel free to visit our website at https://atb.az or check out our official corporate pages on social networks. Alternatively, you can reach us through WhatsApp at (055) 7770 945 or contact our Call Center at the number 945.ContactsAzer Turk BankRauf AgayevPress SecretaryTel: +994 12 404 14 45Email: rauf.a@atb.azAbout JCBJCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 49 million merchants around the world. JCB Cards are issued mainly in Asian countries and territories, with more than 158 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/ ContactsJCBKosuke OchiaiCorporate CommunicationsTel: +81-3-5778-8353Email: jcb-pr@info.jcb.co.jp Copyright 2024 JCN Newswire via SeaPRwire.com.
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Fuji frustration for TOYOTA GAZOO Racing JCN Newswire

Fuji frustration for TOYOTA GAZOO Racing

Toyota City, Japan, Sept 17, 2024 - (JCN Newswire via SeaPRwire.com) - TOYOTA GAZOO Racing’s winning run on home ground came to an end despite a valiant effort in a dramatic 6 Hours of Fuji, the penultimate round of the 2024 FIA World Endurance Championship (WEC).An intense team effort, committed driving and bold strategy put the GR010 HYBRIDs in the fight for victory despite their revised power and weight parameters at Fuji, but TOYOTA GAZOO Racing’s run of six consecutive home wins ultimately ended in frustration.In front of 65,800 enthusiastic fans, a battling drive from Sébastien Buemi, Brendon Hartley and Ryo Hirakawa in their #8 GR010 HYBRID looked to have earned a podium until a late penalty dropped them down to 10th place.The #7 GR010 HYBRID of Mike Conway, Kamui Kobayashi and Nyck de Vries had led with two hours to go but were forced to retire due to accident damage. That effectively ends the World Championship challenge of Kamui and Nyck with one race remaining.The team found itself on the back foot from the opening stages. Either side of a lap-two safety car, Sébastien dropped from second to fourth while Mike also lost ground from fourth on the grid, and spent the first stint in fifth, behind the #8.Further position changes saw the second hour end with Mike still in fifth, but Sébastien now sixth, although those positions were swapped soon after when the #7 GR010 HYBRID suffered tyre degradation, causing it to pit earlier than planned. Nyck took over while Brendon replaced Sébastien soon after.Despite the tough start, the team’s fuel and tyre strategy started to pay off. After half distance, Nyck overtook the #15 BMW and the #50 Ferrari then overhauled the #6 Porsche in the pits to lead. The #8 also made progress and Brendon boldly passed two Ferraris before handing over to Ryo, who joined the podium fight.After almost four hours of intense competition, Kamui took over for two stints to hunt down the victory, with both cars now in a stronger strategic position in terms of fuel and tyres than their rivals. But a virtual safety car early in the fifth hour took away that advantage by giving all Hypercars the chance to pit and lose less time compared to doing so under racing conditions.A 90-minute sprint to the flag saw Ryo initially hold third before the #35 Alpine overtook. The #7 fared worse when Kamui and the #5 Porsche made contact in the battle for eighth. Damage to the rear suspension and bodywork could not be repaired in time, so the car was retired with an hour remaining.Ryo pushed hard to bring the #8 back onto the podium in the final hour, overtaking both JOTA Porsches and then moving into a comfortable third after a penalty for the #35 Alpine. But with 16 minutes to go, the #8 incurred its own drive-through penalty, for an incident with the leading #6 Porsche, and Ryo finished 10th, 58.879secs behind the winner.Despite the very frustrating result, the team is already focused on retaining its manufacturers’ title in a showdown in Bahrain on 2 November when the fight for the World Championship will be concluded. TOYOTA GAZOO Racing is just 10 points behind leaders Porsche going into the eighth and final race of 2024.Kamui Kobayashi (Team Principal and driver, car #7):“It was a very tough race. The second safety car brought us into a difficult situation. After that I tried to fight with Porsche #5 for a couple of laps, but our lack of straight-line speed was clear, so he tried to overtake through the first three turns. On the inside of turn three we both committed to the corner in the same moment and could not avoid contact. Unfortunately, we then had another contact, and the damage was too heavy to repair. It definitely was not our day, and I feel sorry for our home fans who supported us so much. Hopefully we will come back strong for the last race in Bahrain.”Mike Conway (Driver, car #7):“It’s been a pretty rough day on both cars. Unfortunately for car #7 we had contact and the car was not repairable, so we didn’t score any points which is bad for our drivers’ championship, and as a team we didn’t score well for the manufacturers’ either. It’s obviously frustrating and not the result we wanted for our home fans and all the partners and Toyota colleagues who support us here. But there is one round to go and it’s a longer race, with more points available, so we will do our best to come back fighting.”Nyck de Vries (Driver, car #7):“It is a tough pill to swallow for the whole team. It has been hard all weekend. We were aware that our race pace was not good enough to challenge at the front based on our speed alone and that we needed to execute the best possible race to score good points for both championships. We had a great strategy to do just that but unfortunately due to the race circumstances, we didn’t pull it off. That is a real pity.”Sébastien Buemi (Driver, car #8):“It was a bit of a disaster for us. We had a solid start, considering we were a bit slower than our rivals. I had no chance to race into turn one because the acceleration of the other cars was much better. But we came back into it, then got unlucky with the safety car. Without the drive-through penalty we would have finished on the podium which would have been an acceptable result. We’ll analyse everything, regroup and come back stronger in Bahrain.”Brendon Hartley (Driver, car #8):“We had a pretty clean race. Séb did a great job looking after the tyres which gave us a real chance based on our strategy. We didn’t have the pace of our competitors, but we did our best. A big thanks to the team because everyone fought hard. It was an important race for us and in the end we came up short for many different reasons. But we will keep our heads up and fight back in Bahrain for the manufacturers’ championship. Huge thanks to everyone here in Japan who has supported us this week, the Toyota colleagues, partners and all the fans.”Ryo Hirakawa (Driver, car #8):“Obviously it is a really disappointing day. We wanted to have a good race in front of our fans and partners but it didn’t turn out that way. We tried everything and at one point it looked promising, but then things went against us. There is one race remaining and hopefully we can finish on a high by winning the championship; we are going to keep fighting. Thanks to the team for their hard work all week, and special thanks to our partners and fans for all the support.”6 Hours of Fuji – Result1st #6 Porsche Penske (Estre/Lotterer/Vanthoor) 213 laps2nd #15 BMW M Team WRT (Vanthoor/Marciello/Wittmann) +16.601secs3rd #36 Alpine Endurance Team (Lapierre/Schumacher/Vaxiviere) +42.321secs4th #93 Peugeot TotalEnergies (Jensen/Müller/Vergne) +45.846secs5th #12 Hertz Team JOTA (Stevens/Ilott/Nato) +49.689secs6th #38 Hertz Team JOTA (Button/Hanson/Rasmussen) +51.916secs10th #8 TOYOTA GAZOO Racing +58.879secsDNF #7 TOYOTA GAZOO RacingAbout Toyota Toyota strives to be a strong corporate citizen, engaging with and earning the trust of its stakeholders, and to contribute to the creation of a prosperous society through all its business operations.Our corporate principles form the basis of our initiatives, reflect values that enable action, and drive our mindset.For the latest Toyota-related news and information:https://tinyurl.com/ToyotaPressReleasenewsroom@global.toyota Copyright 2024 JCN Newswire via SeaPRwire.com.
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Japan International Aerospace Exhibition 2024: Japan’s largest comprehensive aerospace industry exhibition JCN Newswire

Japan International Aerospace Exhibition 2024: Japan’s largest comprehensive aerospace industry exhibition

The largest exhibition in Japan for 663 companies/organizations!Exhibitor information is now available on the web!Pre-registration and admission ticket sales begin on September 3 (Tue.)October 16 (Wed.) to October 19 (Sat.), 2024,at the West Exhibition Hall, Tokyo Big Sight*Trade Days: October 16 (Wed.) to 18 (Fri.), Trade & Public Day: October 19 (Sat.)TOKYO, Sept 17, 2024 - (JCN Newswire via SeaPRwire.com) - The Society of Japanese Aerospace Companies (Chairman: Tomomi Nakamura, Chairman of SUBARU CORPORATION) and Tokyo Big Sight Inc. (President: Nobuhiro Maeda) are proud to announce the Japan International Aerospace Exhibition 2024, to be held over four days from October 16 (Wed.) to October 19 (Sat.), 2024, at Tokyo Big Sight (3-11-1 Ariake, Koto-ku, Tokyo). The Japan International Aerospace Exhibition 2024 will promote trade and information exchange in the aerospace industry, as well as promote the industry, public understanding, and interest among the younger generation through a wide range of exhibits that will include new fields such as AAM and decarbonization, in addition to the manufacture, operation, and MRO for aviation, space, and defense technology, as well as new areas such as AAM and decarbonization. This year, 663 companies/organizations (as of August 31) will exhibit.The main theme of this year's exhibition is "SOARING for DIVERSITY, over the GLOBAL-SKY, into SPACE". The environment surrounding the aerospace industry has changed drastically and is expanding in new ways. The main theme represents the future expansion and diversification of the aerospace industry and the desire to promote the aerospace industry together, and "SOARING for DIVERSITY, over the GLOBAL-SKY, into SPACE" is initialed "SDGS," symbolizing the establishment of a new exhibition on the SDGs, which the aerospace industry is now required to address.In addition, three sub-themes have been established to provide a clearer direction for JA2024. This year, JA2024 will expand beyond traditional exhibition areas to include new fields such as decarbonization (covering SAF, hydrogen, and electrification), advanced air mobility (featuring flying cars and drones), and space business (including small satellite applications and space exploration), which have been drawing increasing interest in recent years.The sub-themes1. SDGs in Aerospace Industries2. Transportation System for Emerging Sky3. Challenge to New Domain for Human Activities, Outer-Space & Cyber-SpacePre-registration and admission ticket sales beginPre-registration for the three days of Trade Days, October 16 (Wed.) through 18 (Fri.), began on September 3 (Tue.) on the official website. Visitors who pre-register by October 15 (Tue.) will receive free admission. Admission tickets for the October 19 (Sat.) Trade & Public Day (open to the public) are also now on sale.For more information, please visit the official website.> Pre-registration for admission: https://www.japanaerospace.jp/en/tradeDay.html> Admission ticket sales: https://www.japanaerospace.jp/en/publicDay.htmlJapan International Aerospace Exhibition 2024 OverviewExhibition: Japan International Aerospace Exhibition 2024Period: October 16 (Wed.) to October 19 (Sat.), 2024October 16 (Wed.), 12:00pm - 5:00pm*Invited Guest Preview Hour from 10:00am to 12:00pmPress is also welcome to attend the Preview Hour (prior registration is required).October 17 (Thu.) to October 19 (Sat.), 10:00am - 5:00pmTrade Days: October 16 (Wed.) to October 18 (Fri.)Trade & Public Day: October 19 (Sat.)Venue: Tokyo Big Sight West Exhibition Hall (3-11-1 Ariake, Koto-ku, Tokyo)*Approximately 7 minutes walk from Kokusai-Tenjijo Station on the Rinkai Line, or approximately 3 minutes walk from Tokyo Big Sight Station on the Yurikamome LineOrganizers: The Society of Japanese Aerospace Companies (SJAC), Tokyo Big Sight Inc.Exhibit Scale: 23 countries/regions, 663 companies/organizations (including co-exhibitors), 1,156 booths (as of August 31, 2024)Exhibitor List URL: https://www.japanaerospace.jp/en/exhibitor/ HP: https://www.japanaerospace.jp/en/index.html Target number of visitors: Above JA2016 (JA2016 actual 44,000 people)Admission:Trade Days: Registration before the period: Free of Charge; Registration during the period: 5,500 yen (Show student ID card: 2,200 yen)Trade & Public Day: Advance ticket: 1,200 yen; Same-day ticket: 1,500 yen (University students and below: Free* Student ID required)Major Exhibitors (as of August 31)From JapanFuji Industries Co., Ltd./IHI Corporation/Japan Aerospace Exploration Agency (JAXA)/Japan Air Self Defense Force/Japan General Aviation Service Co.,Ltd/Kawasaki Heavy Industries, Ltd./LSAS Tec Co., Ltd./Mitsubishi Electric Corporation/Mitsubishi Heavy Industries,Ltd./Mitsui Bussan Aerospace Co.,Ltd./Softbank Corp./SUBARU CORPORATIONFrom overseasAIRBUS SAS/BAE Systems plc/Brazilian Sugarcane Industry and Bioenergy Association (UNICA)/Boeing/KOREA AEROSPACE INDUSTRIES,LTD/Leonardo S.p.A./Pavilions from various countries (Canada, Czech, France, Italy, Malaysia, USA)Exhibit Subjects- AviationAirframe, airframe equipment, in-flight equipment / aircraft engines, engine-related equipment / operation, flight support, service, sales, logistics / aviation-related materials and parts / fuel and other consumables / manufacturing and processing / inspection and measurement / maintenance- SpaceSpace equipment / Space utilization and space-related services / Space-related materials and components / Fuel and other consumables / Manufacturing and processing / Inspection and measurement- AAM and decarbonizationAdvanced Air Mobility (AAM)/Decarbonization (SAF: Sustainable Aviation Fuel, Hydrogen, Electrification)- R&D and EntertainmentIT solutions, design and prototyping support / government agencies / research institutes / entertainmentVisitor Eligibility- General visitorsAll people interested in the aerospace industryAll people involved in the aerospace industry- Businesspersons in the aerospace and defense equipment manufacturing and operation fieldsAerospace, mechanical, electrical, electronic, precision equipment, components, and materialsAir transportation, aviation-related infrastructureMaintenance and repairInformation and telecommunicationsTrading companies and agenciesGovernment and municipal offices, public organizations, educational institutions- Businesspersons related to space businessSpace UtilizationSpace explorationSpace infrastructureSpace startups- Businesspersons in the field of decarbonization-related development/manufacturing/operationSAF development, production, supply, operationHydrogen development, manufacture, supply, operationBusiness people in the field of electrification development, manufacture, supply, operation- Businesspersons in AAM-related development/manufacturing/utilization fieldsDrone, eVTOL, flying vehicle development, manufacture, operationAAM-related infrastructure development, manufacture, operationTransportation, logistics, disaster management, surveying, photography, security, agricultureOrganizer's Project- Business MatchingThe business matching system from Advanced Business Events, which has a proven track record worldwide, offers effective opportunities for meetings with both domestic and international companies.Details: https://www.japanaerospace.jp/en/btob_meeting.html- Model ExhibitVisitors will be able to see up close and personal models of Japan's world-class space exploration technologies, including a full-scale model of the powerful Hayabusa2 and a 1/2 scale model of the Mars Microwave Explorer (MMX).Exhibited models (tentative)- Hayabusa2- H3 rocket- Mars Satellite Explorer (MMX)- Ground station antenna for BISASA deep space exploration- Presentations and Seminars by leading experts in the industryPresentations and Seminars will be held by invited speakers from major domestic and foreign companies and government agencies to provide the latest information on the aerospace industry, including future forecasts by leading experts in the industry.- Public Event on the Final DayOn the final day, Saturday the 19th, a variety of public events will be held to familiarize a wide range of visitors, including young people, with the aerospace industry and to promote interest in and understanding of the aerospace world and its future potential.*Details of exhibits/event details will be announced as soon as they are finalized.Media ContactJA2024 Public Relations Office (Kyodo PR): Anan, Matsunaga, ImamizuMail: ja2024-pr@kyodo-pr.co.jp If you wish to cover the exhibition, please complete the following form.https://forms.gle/po14renFK3cGje7Y6 Press release: https://www.acnnewswire.com/docs/files/JA2024_EN.pdf Copyright 2024 JCN Newswire via SeaPRwire.com.
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LENVIMA(R) (lenvatinib) Plus KEYTRUDA(R) (pembrolizumab) in Combination With Transarterial Chemoembolization (TACE) Significantly Improved Progression-Free Survival Compared to TACE Alone in Patients With Unresectable, Non-Metastatic Hepatocellular Carcinoma (HCC) JCN Newswire

LENVIMA(R) (lenvatinib) Plus KEYTRUDA(R) (pembrolizumab) in Combination With Transarterial Chemoembolization (TACE) Significantly Improved Progression-Free Survival Compared to TACE Alone in Patients With Unresectable, Non-Metastatic Hepatocellular Carcinoma (HCC)

TOKYO and RAHWAY, N.J., Sept 17, 2024 - (JCN Newswire via SeaPRwire.com) - Eisai and Merck & Co., Inc., Rahway, NJ, USA (known as MSDoutside of the United States and Canada) today announced results from the first interim analysis of the Phase 3 LEAP-012 trial evaluating LENVIMA® (lenvatinib), the orally available multiple receptor tyrosine kinase inhibitor (TKI)discovered by Eisai, plus KEYTRUDA® (pembrolizumab), the anti-PD-1 therapy from Merck & Co., Inc., Rahway, NJ, USA, in combination with transarterial chemoembolization (TACE) compared to TACE alone for the treatment of patients with unresectable, non-metastatic hepatocellular carcinoma (HCC). These late-breaking data were presented for the first time on September 14 (Central European Summer Time) during a Presidential Symposium at the European Society for Medical Oncology (ESMO) Congress 2024 (Presentation #LBA3).After a median follow-up of 25.6 months (range, 12.6-43.5), LENVIMA plus KEYTRUDA in combination with TACE demonstrated a statistically significant and clinically meaningful improvement in progression-free survival (PFS),reducing the risk of disease progression or death by 34% (HR=0.66 [95% CI, 0.51-0.84]; p=0.0002) compared toTACE alone. Median PFS was 14.6 months (95% CI, 12.6-16.7) for the LENVIMA plus KEYTRUDA-based regimen versus 10.0 months (95% CI, 8.1-12.2) for TACE alone. At this analysis, a trend toward improvement in overall survival (OS), the trial’s other primaryendpoint, was observed for the LENVIMA plus KEYTRUDA- based regimen versus TACE alone (HR=0.80 [95% CI,0.57-1.11]; p=0.0867); the OS data are not mature and did not reach statistical significance at the time of this interim analysis. The trial is continuing, andfollow-up of OS is ongoing. The safety profile of the LENVIMA plus KEYTRUDA- based regimen was consistent with that observed in previously reported studies evaluating the combination.“Hepatocellular carcinoma is one of the leading causes of cancer-related deaths worldwide, highlighting the need for new treatment options,1,2” said Dr. Josep Llovet, Director of the Liver Cancer Program and Professor of Medicine at the Icahn School of Medicine at Mount Sinai. “These findings from the LEAP-012 trial demonstrate the potential of lenvatinib plus pembrolizumab in combination with TACE to extend progression-free survival for patients diagnosed with unresectable, non-metastatic disease.”“Global incidence rates for hepatocellular carcinoma are expected to rise by more than 50 percent over the next two decades and there have been limited advances for patients with unresectable, non-metastatic forms of disease, 3” said Dr. Gregory Lubiniecki, Vice President, Global Clinical Development, MSD Research Laboratories. “These resultsreflect our commitment to exploring therapeutic options for these patients, including in earlier stages of disease. We’re encouraged by the potential for another treatment option for patients with unresectable non- metastatic hepatocellular carcinoma in addition to the existing monotherapy indications for KEYTRUDA and LENVIMA.”“Transarterial chemoembolization (TACE) has been a standard of care option for patients with unresectable,non-metastatic hepatocellular carcinoma for many years; however, many patients experience disease progression within one year,4,5,6,7” said Dr. Corina Dutcus, Senior Vice President, Oncology Global Clinical Development Lead atEisai Inc. “Data from the Phase 3 LEAP-012 study demonstrate that the addition of LENVIMA plus KEYTRUDA toTACE may help address the unmet need for therapies that can improve progression-free survival for people with thisdisease. We are grateful to the patients and investigators for their participation in this study.” Treatment was administered to 237 patients receiving the KEYTRUDA plus LENVIMA-based regimen and 241 patients receiving TACE alone. Treatment-related adverse events (TRAEs) occurred in 98.7%of patients receiving LENVIMA plus KEYTRUDA in combination with TACE versus 84.6% of patients receiving TACEalone and led to the discontinuation of both study drugs in 8.4% versus 1.2% of patients, respectively. Serious adverse events were observed in 33.3% of patients receiving LENVIMA plus KEYTRUDA in combination with TACE versus12.4% of patients receiving TACE alone. Grade 3 or 4 TRAEs occurred in 71.3% of patients receiving LENVIMA plusKEYTRUDA in combination with TACE versus 31.1% for TACE alone and TRAEs led to death in 1.7% (n=4) versus 0.4% (n=1) of patients, respectively.LENVIMA monotherapy is approved for the treatment of patients with unresectable HCC in more than 80 countries, including in Japan, the U.S., Europe and China.KEYTRUDA is approved as a monotherapy for the treatment of patients with HCC secondary to hepatitis B who have received prior systemic therapy other than a PD-1/PD-L1- containing regimen in the U.S. and as amonotherapy for the treatment of patients with HCC who have been previously treated with sorafenib or oxaliplatin-containing chemotherapy in China.LENVIMA plus KEYTRUDA is approved in the U.S., the EU, Japan and other countries for the treatment of advanced renal cell carcinoma (RCC) and certain types of advanced endometrial carcinoma. Lenvatinib is marketedas KISPLYX® for advanced RCC in the EU. Eisai and Merck & Co., Inc., Rahway, NJ, USA are studying the LENVIMA plus KEYTRUDA combination through the LEAP (LEnvatinib And Pembrolizumab) clinical program in various tumor types, including but not limited to HCC, RCC, head and neck cancer, gastric cancer and esophageal cancer across multiple clinical trials.About LEAP-012LEAP-012 is a multicenter, randomized, double-blind Phase 3 trial (ClinicalTrials.gov, NCT04246177) evaluating LENVIMA plus KEYTRUDA in combination with TACE versus dual placebo plus TACE for the treatment of patients with unresectable, non-metastatic HCC. The primary endpoints are PFS as assessed by blinded independent central review (BICR) per Response Evaluation Criteria in Solid Tumors version 1.1 (RECIST v1.1) following amaximum of five target lesions, and with a requirement that new intrahepatic lesions must meet LI-RADS 5 criteria, and OS. Secondary endpoints include objective response rate, duration of response, disease control rate, and time toprogression as assessed by BICR per RECIST v1.1 and Modified Response Evaluation Criteria in Solid Tumors(mRECIST), as well as PFS as assessed by BICR per mRECIST and safety. The study randomized 480 patients 1:1 to receive:LENVIMA (12 mg [for participants with screening body weight ≥60 kg] or 8 mg [for participants with screeningbody weight
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DENSO Wins Medals at 47th WorldSkills Competition JCN Newswire

DENSO Wins Medals at 47th WorldSkills Competition

KARIYA, JAPAN, Sept 16, 2024 - (JCN Newswire via SeaPRwire.com) - DENSO CORPORATION today announced that DENSO Group employees won the gold medal for the "Industrial Mechanics" (representing Japan), silver medal for the "Manufacturing Team Challenge" (representing Japan), "CNC Turning" (representing Thailand), and bronze medal for the "CNC Milling" (representing Vietnam) at the 47th WorldSkills Competition 2024, held Sept. 10-15 in Lyon, France.DENSO Group sent twenty entrants to the event to compete in eleven skills. Eleven entrants represented Japan in seven skill areas, three entrants represented Thailand in two skill areas, two entrants represented Vietnam in two skill areas, one entrant represented Indonesia in one skill area, two entrants represented Mexico in two skill areas and one entrant represented the U.S. in one skill area.DENSO first entered the WorldSkills International Competition at the 20th event in 1971, and has won a total of 81 medals to date: 35 golds, 25 silvers, and 21 bronzes. DENSO has won its 17th straight gold medal since the 31st contest in 1991.DENSO considers the development of technology, sophisticated engineering skills and know-how to turn technology into practical applications to be two of the most fundamental components of its monozukuri and the art of making things. Through participation in the WorldSkills Competition, DENSO will continue to develop mentally, technically and physically of young technicians, foster them to become the highly skilled ones of the next generation and pass on their skills.For more information, visit www.denso.com/global/en/news/newsroom/2024/20240916-g01/. Copyright 2024 JCN Newswire via SeaPRwire.com.
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Mitsubishi Corporation and ExxonMobil sign Project Framework Agreement to advance world’s largest low-carbon hydrogen project JCN Newswire

Mitsubishi Corporation and ExxonMobil sign Project Framework Agreement to advance world’s largest low-carbon hydrogen project

TOKYO, Sept 13, 2024 - (JCN Newswire via SeaPRwire.com) - Mitsubishi Corporation and Exxon Mobil Corporation (NYSE: XOM) have signed a Project Framework Agreement for Mitsubishi Corporation’s participation in ExxonMobil’s facility in Baytown, Texas which is expected to produce virtually carbon-free hydrogen with approximately 98% of carbon dioxide (CO2) removed and low-carbon ammonia. Under the terms of the agreement, the companies will advance discussions regarding Mitsubishi Corporation’s offtake of low-carbon ammonia and equity participation in the project. The ammonia is expected to be used in Japan for power generation, process heating, and other industrial activities.Contingent on supportive government policy and necessary regulatory permits, the facility is expected to be the world’s largest of its kind upon startup, capable of producing up to 1 billion cubic feet (bcf) daily of low-carbon hydrogen, which is virtually carbon-free with approximately 98% of CO2 removed and more than 1 million tons of low-carbon ammonia per year. A final investment decision is expected in 2025 with anticipated startup in 2029.ExxonMobilTM Low Carbon Hydrogen and ammonia will provide customers with a reliable source of low-carbon intensity energy delivered with high operating standards.“Demand continues to build for ExxonMobilTM Low Carbon Hydrogen and ammonia,” said Dan Ammann President of ExxonMobil Low Carbon Solutions. “We look forward to furthering our leadership position, alongside Mitsubishi Corporation, to advance low-carbon hydrogen and ammonia globally, helping the world achieve a lower emission future.”Mitsubishi Corporation aims to convert part of its liquified petroleum gas (LPG) terminal into an ammonia terminal for transshipment, which will then supply the low-carbon ammonia to various industrial applications, such as power, automobile and chemical, mainly in the Shikoku and Chugoku regions in Japan. Mitsubishi Corporation has established a "Council for utilizing Namikata Terminal as a Hub for introducing Fuel Ammonia" which is targeting to handle around 1 million tons per year of low-carbon ammonia by 2030.In addition, Mitsubishi Corporation intends to partner with Idemitsu Kosan Co.,Ltd. for joint equity and ammonia offtake from ExxonMobil’s Baytown facility.“We are excited to be closely collaborating with ExxonMobil to develop low-carbon hydrogen and ammonia supply chains that will bridge the United States and Japan. We are also working with Idemitsu Kosan Co.,Ltd., which is developing an ammonia hub near ours and intends to participate in ExxonMobil’s hydrogen facility with us. Together, we will lead this joint initiative to assist in the acceleration of the hard-to-abate sectors’ transition to clean energy,” said Masaru Saito Group CEO, Environmental Energy Group of Mitsubishi Corporation.About Mitsubishi CorporationMitsubishi Corporation (MC) is a global integrated business enterprise that develops and operates businesses together with its global network of around 1,800 group companies. MC has eight Business Groups that operate across virtually every industry: Environmental Energy, Materials Solution, Mineral Resources, Urban Development & Infrastructure, Mobility, Food Industry, Smart-Life Creation and Power Solution. Through these eight Business Groups, MC's current activities have expanded far beyond its traditional trading operations to include project development, production and manufacturing operations, working in collaboration with our trusted partners around the globe. With an unwavering commitment to conducting business with integrity and fairness, MC remains fully dedicated to growing its businesses while contributing to a prosperous society.About ExxonMobilExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society’s evolving needs.The corporation’s primary businesses - Upstream, Product Solutions and Low Carbon Solutions – provide products that enable modern life, including energy, chemicals, lubricants, and lower emissions technologies. ExxonMobil holds an industry-leading portfolio of resources, and is one of the largest integrated fuels, lubricants, and chemical companies in the world. ExxonMobil also owns and operates the largest CO2 pipeline network in the United States. In 2021, ExxonMobil announced Scope 1 and 2 greenhouse gas emission-reduction plans for 2030 for operated assets, compared to 2016 levels. The plans are to achieve a 20-30% reduction in corporate-wide greenhouse gas intensity; a 40-50% reduction in greenhouse gas intensity of upstream operations; a 70-80% reduction in corporate-wide methane intensity; and a 60-70% reduction in corporate-wide flaring intensity.With advancements in technology and the support of clear and consistent government policies, ExxonMobil aims to achieve net-zero Scope 1 and 2 greenhouse gas emissions from its operated assets by 2050. To learn more, visit exxonmobil.com and ExxonMobil’s Advancing Climate Solutions.Follow us on LinkedIn or contact +1(737) 272-1452.Cautionary StatementStatements of future events, investments, or partnerships in this release are forward-looking statements. Actual future results, including final investment decisions, project plans, partner participation, timing, capacities, and costs could differ materially depending on a number of factors including the ability to execute operational objectives on a timely and successful basis; implementation of government frameworks and permitting for carbon capture and storage, hydrogen, ammonia and other lower-emission technologies; timely completion of construction projects; commercial and consumer interest in lower-emissions opportunities; changes in plans or objectives prior to final funding decisions or project startups; unforeseen technical or operational difficulties; and other factors discussed under the heading Factors Affecting Future Results in the Investors section of ExxonMobil's website at www.exxonmobil.com or Mitsubishi Corporation's website at www.mitsubishicorp.com. Any forward-looking statement speaks only as of the date of this press release and the companies named herein disclaim any obligation to update any forward-looking statement. Copyright 2024 JCN Newswire via SeaPRwire.com.
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MFJ All Japan Trial Championship: Team HRC Competes with RTL ELECTRIC Trial Bike JCN Newswire

MFJ All Japan Trial Championship: Team HRC Competes with RTL ELECTRIC Trial Bike

TOKYO, Sept 13, 2024 - (JCN Newswire via SeaPRwire.com) - Team HRC, a Honda factory team(1) operated by Honda Racing Corporation (HRC), will compete with the RTL ELECTRIC trial bike in the International A Super (IAS) Class of the MFJ(2) All Japan Trial Championship series beginning with Round 6, Yuasa, Wakayama.The RTL ELECTRIC is Honda’s first competition electric trial bike, newly developed based on the technology and know-how gained from the Montesa COTA 4RT factory bike which is competing in the FIM(3) Trial World Championship and has helped Toni Bou win 18 consecutive titles. Development of the RTL ELECTRIC also inherits electric (motor, battery) know-how from the CR ELECTRIC PROTO, which began competing in this year’s FIM E-Xplorer World Cup, a world competition for electric off-road bikes.2004 FIM Trial World Championship winner and current Repsol Honda Team manager Takahisa Fujinami (Mie, Japan, age: 44) is acting as RTL ELECTRIC development rider, and will ride in Round 6, Yuasa.Honda is committed to the electrification of motorcycles as the mainstay of its future environmental strategy, aiming to achieve carbon neutrality in all of its products and corporate activities by 2050, and in all of its motorcycle products by the 2040s. In order to respond to diversifying customer needs, Honda will further advance its technology by taking on the challenge of electrification in trials as well as motocross.Takahisa Fujinami | RTL ELECTRIC Development Rider“I am very happy to be involved in Honda’s efforts to achieve carbon neutrality through trials. Electric trial bikes have infinite possibilities, and I would like to use my experience as a rider to work with the development team to make the machine even better. Since I am not yet returning to active duty as a rider, I am limited to being a development rider, but I am looking forward to riding in front of my Japanese fans for the first time in a long while!”Koji Watanabe, President of Honda Racing Corporation“This year, Honda began competing in the FIM E-Xplorer World Cup, a new category of electric off-road motorcycle racing. We have now decided to enter the All Japan Trial Championship as well with RTL ELECTRIC. By increasing the number of categories in which we race electric motorcycles, we will hone our competitive skills, accumulate know-how and knowledge, and further accelerate the development of our human resources. Last but not least, I would like to express my sincere gratitude to Takahisa Fujinami for his full support in this project!”Team OverviewTeam: Team HRCBike: RTL ELECTRICRider: Takahisa FujinamiMinder: Carles Barneda Romans(4)(1) Factory team: Racing team managed by the bike manufacturer. For Honda, Honda Racing Corporation (HRC) manages its factory teams.(2) MFJ: Motorcycle Federation of Japan(3) Fédération Internationale de Motocyclisme(4) He is currently Tony Bou’s minder and was his minder for a long time during Takahisa Fujinami’s playing days.For more information, visit https://global.honda/en/. Copyright 2024 JCN Newswire via SeaPRwire.com.
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NEC uses AI to analyze the trustworthiness of information and support fact-checking JCN Newswire

NEC uses AI to analyze the trustworthiness of information and support fact-checking

TOKYO, Sept 13, 2024 - (JCN Newswire via SeaPRwire.com) - NEC Corporation (NEC; TSE: 6701) is developing a technology that uses AI to analyze the trustworthiness of information on the Internet from multiple perspectives and support fact-checking. This is being carried out as part of a project under Japan’s Ministry of Internal Affairs and Communications to develop and demonstrate technologies to counter false and misleading information on the Internet.The effectiveness of the technology will be evaluated by fact-checking organizations such as the Japan Fact-check Center(1) and mass media, including broadcasters, with the aim of improving its trustworthiness. The period of this demonstration project is from August 2024 to March 2025.Framework of the new technologyThe large volume of false and misleading information on the Internet has become a growing problem, and countermeasure technologies are attracting greater attention. Fact-checking organizations and media outlets that are responsible for disseminating highly reliable information are burdened by the large amount of labor that is required to determine the trustworthiness of information. NEC is developing a technology to support fact-checking by utilizing state-of-the-art AI, such Large Language Models (LLM) to analyze and judge the authenticity of content.Outline of the TechnologyThe technology uses AI to analyze whether content consisting of multiple types of data (text, images, video, and audio) is false or misleading. First, the technology detects whether images and other data have been processed, AI then recognizes multiple types of data and converts them into text. Next, LLM that specialize in false information analysis evaluate the text to determine whether the content is correct, whether the information has a reliable source, and whether there are any inconsistencies among the data (e.g., discrepancies between the text and video content).In addition, the technology creates reports in a format similar to reports and articles prepared by experts at fact-checking organizations. The technology also helps to improve fact-checking operations by enabling adjustments according to a user's instructions, such as deleting unreliable information or adding new information.Fact-checking organizations such as the Japan Fact-check Center and mass media, including broadcasting stations, will be evaluating the performance of the technology, aiming to improve its trustworthiness and for it to be available for practical application in FY2025~2026.Under the value-delivery model "NEC BluStellar"(2), NEC is transforming business models with cutting-edge technologies to help solve challenges for customers and society.(1) Japan Fact-check Center: https://www.factcheckcenter.jp/english-page/(2) NEC provides end-to-end services for digital transformation (DX) through the "NEC BluStellar" value-delivery model. NEC BluStellar transforms business models to address social and business challenges by applying diverse industry insights and world-leading technological expertise to the entire DX process, from customer strategy consultation through implementation.ShareAbout NEC CorporationNEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of “Orchestrating a brighter world.” NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at https://www.nec.com. Copyright 2024 JCN Newswire via SeaPRwire.com.
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DENSO to Transfer All Its NiPPA Shares to Nippon Mirai Capital JCN Newswire

DENSO to Transfer All Its NiPPA Shares to Nippon Mirai Capital

KARIYA, JAPAN, Sept 13, 2024 - (JCN Newswire via SeaPRwire.com) - DENSO Corporation today announced it has decided to transfer all its shares in NiPPA Co., Ltd. (NiPPA), a DENSO group company, to a special purpose company called NiPPA Holdings. NiPPA Holdings’ entire stake is held by a fund operated by Nippon Mirai Holdings Co., Ltd. (NMC). The transfer of all shares of NiPPA held by DENSO (effective September 30, 2024) and the conversion of NiPPA into a wholly owned subsidiary by NiPPA Holdings (effective October 1, 2024) were resolved at NiPPA’s shareholders meeting today.Since its founding in 1936, NiPPA has operated as Nihon Pakkin Manufacturing Co., Ltd., with its main businesses being complex precision stamping, insert molding and radiator cap manufacturing. Since DENSO’s equity participation in 1992, NiPPA, which excels at manufacturing high-precision parts and possesses strong engineering capabilities, has refined its technologies, enhanced its competitiveness and grown through joint development of different thickness drawing*1 and other technologies.Amid changes in the business environment, such as the spread of electrification and advances in autonomous driving technology, DENSO and NiPPA have examined how they can continue to create social value and sustainable business growth. DENSO decided to transfer its NiPPA shares to better promote NiPPA’s expansion into non-automotive fields. The move allows NiPPA to leverage the technologies and skills acquired by NiPPA under NMC, which has extensive experience in supporting growth strategies of the manufacturing industry, thus enabling NiPPA to continue sustainable growth.DENSO will continue to reform its business portfolio and contribute to the further development of the mobility society by actively working to maintain and strengthen its supply chain while taking into account the future business plans of its business partners.(1) A processing technique to partially change the thickness of stamped partsFor more information visit https://www.denso.com/. Copyright 2024 JCN Newswire via SeaPRwire.com.
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Transport for Wales makes Hitachi its “Mobility as a Service” partner JCN Newswire

Transport for Wales makes Hitachi its “Mobility as a Service” partner

LONDON, Sept 12, 2024 - (JCN Newswire via SeaPRwire.com) - Transport for Wales (TfW) has selected Hitachi to help digitally transform publictransport within Wales, making it easier for customers to plan, book and pay for different modes of travel.Highlights:Five-year partnership to digitallyconnect public transport journeysacross Wales through a single app.Applying knowledge and experiencefrom Japan’s rail network, Hitachi will create multimodal booking system includes all public transport, bikes, e- scooters and demand-based solutions.Partnership exemplifies how HitachiRail is driving the mobility transition, making sustainable, low carbon travel easier to choose, plan and pay for.Over the next five years, Hitachi will deliver a multimodal digital booking system that will include all modes of publictransport and be available to customers through a simple, user friendly app.Rail, local bus, fflecsi and TrawsCymru services will all be available to plan and book through the one digital back-office solution from Hitachi, as well as a host of other micromobility (bikes, e-scooters) and demand-based mobilitysolutions already being used in Wales.Hitachi is leveraging its digital expertise from its involvement in ticketing on the Japanese rail network and various initiatives in Italy to develop a bespoke Mobility as a Service (MaaS) product for Wales. With over 50 million multimodal ticketing transactions taking place every day using Hitachi Rail ticketing technology, the global provider of rail solutions will use its experience of digitally connecting millions of journeys daily to deliver a unique partnership with TfW.Marie Daly, Chief Customer and Culture Officer at TfW said:"At TfW we're always looking to improve the customer experience and in doing this we want to attract more people to our public transport network."This exciting and ambitious project will deliver a digital solution that will help our customers plan point to point journeys using different modes of public transport. It's all part of our longer-term plans and aspirations to provide ourcustomers with one network, one timetable and one ticket."We look forward to working with Hitachi and bringing this global expertise to public transport in Wales."MaaS solutions typically focus on urban areas; however, this partnership is pioneering because it will cover the entiretyof Wales, including rural areas that are often overlooked for digital innovation. Equally, MaaS will make greener, lowcarbon travel easier to choose, plan and pay for. This will help accelerate green transformation within cities and the Welsh countryside.Hitachi’s extensive expertise in digital systems integration was a key factor in being chosen as TfW’s MaaS technology partner. Equally, Hitachi can call upon the Hitachi group’s digital expertise in AI and its Microsoft Azure frameworkagreement to ensure the system is always at the forefront of innovation, making it easy to integrate more modes of transport, expand coverage and meet growing demand.Justin Southcombe, Commercial Director at Hitachi Rail said:“This strategic partnership with TfW will benefit from the breadth of mobility, digital and behavioural science expertise that exists in the Hitachi Group.“Hitachi can combine the latest in cutting-edge digital technology, with deep knowledge of managing some of the world’s most popular transport systems, to better connect journeys. “By making public transport more accessible and user-friendly, Hitachi can help increase sustainable travel in Wales.”This MaaS project is an example of how Hitachi Rail is driving the mobility transition by digitally connecting modes of transport, making it easier for passengers to plan and choose public transport. Enhancing connectivity encouragesmodal shift to public transport to deliver sustainable travel and reduce transport emissions.Meanwhile, Hitachi is using its existing collaboration with Goldsmith University to incorporate new research and development around behavioural science, so that humans’ motivations in their travel decisions are built into the design. This ability to draw on R&D and digital expertise of different group businesses demonstrates how Hitachi can be a strategic partner to deliver digital and mobility solutions.On 31 May 2024, Hitachi Rail completed the acquisition of Thales’ Ground Transportation Systems business (GTS),expanding the business’s footprint to 24,000 colleagues across 51 countries. The acquisition has enabled Hitachi Rail to expand its product and technology portfolio, including enhancing its expertise in delivering smart mobility solutions. On 24-27 September, Hitachi Rail will exhibit a range of its smart mobility solutions at the global rail exhibition, InnoTrans in Berlin.More information on Hitachi Europe R&D partnership with Goldsmith University can be viewed hereAbout Hitachi RailHitachi Rail is connecting the future of mobility - helping every passenger, customer and community enjoy the benefits of more seamless, sustainable transport.With innovative technology and world-leading delivery capabilities, Hitachi Rail is a trusted partner to customers andconsortia partners globally. The company is an expert in every part of the railway: from train manufacturing and maintenance to digital signalling and smart mobility. Its pioneering products, such as the iconic high speed bullet train,enable billions of passenger journeys and the transport of millions of tonnes of freight, every year.Drawing on the powerful expertise of the wider Hitachi group companies, Hitachi Rail is uniquely placed to furtherenhance its offer to customers through pioneering new digital solutions and services.In FY22, Hitachi Rail had revenues of over €5bn. The company has around 15,000 employees in 38 countries, and it invests in its diverse and talented teams.Hitachi Rail’s business is local, but its reach is global. With deep roots in its communities, the company is committed to delivering sustainable progress for all.Find out more by visiting hitachirail.com Copyright 2024 JCN Newswire via SeaPRwire.com.
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NEC Publishes ESG Initiatives Supporting Sustainable Growth of Companies and Society in “ESG Databook 2024” JCN Newswire

NEC Publishes ESG Initiatives Supporting Sustainable Growth of Companies and Society in “ESG Databook 2024”

TOKYO, Sept 12, 2024 - (JCN Newswire via SeaPRwire.com) - NEC Corporation (NEC; TSE: 6701) has published the ESG Databook 2024, a report on its ESG (Environmental, Social, and Governance) initiatives from April 2023 onwards.NEC ESG Databook 2024URL: www.nec.com/en/global/sustainability/report/index.html As outlined in its Mid-term Management Plan 2025 (*), NEC aims to create social and environmental value through its business, with a focus on growth areas, and as part of its financial strategy, is strengthening its non-financial foundations to support the sustainable growth of the company and society.The main initiatives outlined in the ESG Databook 2024 are as follows:1. Utilization of Sustainability Information Disclosure StandardsThe ESG Databook 2024 was composed with reference to the four components of the ISSB and SSBJ drafts of Sustainability Information Disclosure Standards: "Governance," "Strategy," "Risk Management (including NEC’s unique opportunity creation)," and "Indicators and Goals." In addition to examining the gap between disclosure standards and actual initiatives, the Databook will also be used as a tool for dialogue with investors and research institutions that utilize it.2. Initiatives to reduce capital costs by promoting businesses that contribute to carbon neutrality and by addressing environmental risksIn response to the growing interest in decarbonization among customers and society, NEC is introducing a variety of environmental solutions, including its Sustainability Transformation (SX) consulting services, which support the formulation of strategies and roadmaps toward carbon neutrality and nature positivity. Specifically, in response to the intensification of natural disasters caused by climate change, the Japan Consortium for Adaptation Finance was established with Mitsui Sumitomo Insurance Company, Limited in order to expand the market for "Adaptation Finance," which promotes the procurement of funds by visualizing the effects of adaptation measures using digital technologies. In addition, to ensure a stable supply of food, NEC is expanding sales of AI-based agricultural support solutions through strategic partnerships that act as a new pillar for growth business.Meanwhile, for the third consecutive year, NEC has issued sustainability-linked bonds with KPIs based on the strength of its environmental initiatives, including its selection as a CDP "A-List (Climate Change)" company for five consecutive years, in an effort to reduce its capital costs. Furthermore, in July 2023, NEC became the first company from Japan’s IT industry to issue a TNFD report, disclosing its natural capital initiatives to stakeholders, and in June 2024, published a second edition.3. Strengthening security for NEC and society, and strengthening the acquisition and development of human resourcesAs NEC is engaged in businesses that have a high level of public importance, it has positioned cybersecurity and information security as a form of materiality. NEC is promoting measures in accordance with the Cybersecurity Management Guidelines Ver. 3.0 of Japan's Ministry of Economy, Trade and Industry and the NIST Cybersecurity Framework Ver. 2.0 of the U.S.-based National Institute of Standards and Technology (NIST), and discloses its initiatives in the "NEC Information Security Report." In fiscal 2023, NEC was awarded the highest rating of "Two Stars" by the Japan Federation of Information Technology Associations (JFIA) as a company with particularly excellent security measures and as a model to emulate.NEC Information Security Report 2024 (published in September 2024)URL: www.nec.com/en/global/sustainability/security/index.html Additionally, as part of NEC’s human resource management, the company is also strengthening the acquisition and development of security and digital transformation (DX) personnel who can meet the expectations and deserve the trust of customers.4. Strengthening Corporate GovernanceIn June 2023, NEC transitioned from a company with a board of corporate auditors to a company with a nominating committee, etc. By clearly separating supervision and execution, NEC has strengthened the supervisory function of the board of directors, while at the same time accelerating decision-making and business execution by delegating significant authority to executive officers.5. Continued inclusion in major ESG indicesAs a result of these efforts, NEC continues to be included in major ESG indices, such as the Dow Jones Sustainability Indices Asia Pacific Index, the FTSE4Good Index Series, and the MSCI ESG Leaders Indexes, which is one of the financial strategy targets of the Mid-term Management Plan 2025.Guided by the NEC Way, NEC aims to create the social values of safety, security, fairness and efficiency and to promote a more sustainable world where everyone has the chance to reach their full potential. Moreover, NEC contributes to all 17 SDGs by actively engaging with various stakeholders and leveraging the power of ICT to address social challenges.(*) Mid-term Management Plan 2025: www.nec.com/en/global/ir/library/plan2025.html About NEC CorporationNEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of “Orchestrating a brighter world.” NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at https://www.nec.com. Copyright 2024 JCN Newswire via SeaPRwire.com.
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Honda Begins Joint Research on AI Technologies with the Indian Institutes of Technology in Delhi and Bombay to Further Advance Honda CI (Cooperative Intelligence) JCN Newswire

Honda Begins Joint Research on AI Technologies with the Indian Institutes of Technology in Delhi and Bombay to Further Advance Honda CI (Cooperative Intelligence)

TOKYO, Sept 11, 2024 - (JCN Newswire via SeaPRwire.com) - Honda(1) today announced that it has begun joint research on AI technologies with the Indian Institutes of Technology (IITs), more specifically, Indian Institute of Technology Delhi (IIT Delhi) and Indian Institute of Technology Bombay (IIT Bombay), to further advance Honda CI (Cooperative Intelligence, CI(2)), original Honda AI that enables mutual understanding between machines and people.The IITs are a home to a large number of excellent researchers and engineers, and through the joint research with those institutes, Honda will strive to advance the underlying technologies of CI, with an eye toward the future applications for technologies that reduce traffic collisions and enable automated driving.Honda has been working on research and development of CI with the aim to realize a society where each and every person can enjoy the joy and freedom of mobility. To this end, Honda is trying to make the mobility of people and things ubiquitous (whenever, wherever, to any destination), collision-free and stress-free. Honda is currently conducting technology demonstrations as a proof of concept of its CI-powered micro-mobility vehicle/robot in Joso City, Ibaraki Prefecture, Japan.Aiming to achieve further advancement of CI, Honda and IITs have set joint research themes such as recognition of the surrounding environment and cultivation of cooperative behavior, and will conduct joint research and development while utilizing the cutting-edge AI technologies. Moreover, for each research theme, Honda associates and IIT professors will jointly engage with IIT students for planning, designing, developing and testing technologies which work beyond the confines of the laboratory and thereby proceed with the research and development more flexibly and with a high degree of freedom. This will enable Honda and IITs to work in a more flexible environment with deeper exchange of academic and industry insights.In addition, as part of this joint research, Honda with the help of IITs is aiming to conduct verification of driving assistance and automated driving technologies in the suburbs of Delhi and in Mumbai. Due to numerous variations in the road systems and a large number of road users, India has a complex traffic environment where situations that occur frequently are difficult for AI to predict. By conducting technology verification in such a technically challenging environment, Honda and IITs will refine the underlying technologies of CI and strive to apply them to future driver assistance and automated driving technologies in various regions of the world, including India.Honda has been actively hiring IIT graduates since 2019, and many of them are now playing key roles in the areas of mobility intelligence, including the research and development of CI. By pursuing joint research programs with IIT professors and students specializing in cutting-edge AI and automated driving technologies, Honda will accelerate research and development of CI and also contribute to the fostering of researchers who will play a role in future AI research by providing them with practical research opportunities.(1) Honda Cars India Limited (HCIL), a Honda subsidiary in India, will sign a joint research contract with IITs. Engineers from both HCIL and Honda R&D Co., Ltd. a R&D subsidiary of Honda, will participate in the joint research.(2) A type of artificial intelligence that supports the user while cooperating with the user and people around them by communicating with gestures/behaviors and words. Achieving mutual understanding and cooperation between people and systems with CI will enable them to coexist in various situations including complex traffic environments.About Indian Institutes of Technology (IITs)The Indian Institutes of Technology (IITs) are national institutes leading the world in cutting-edge engineering and science and technology research. The IITs comprise 23 institutions, each of which is independently organized contributing to advanced technology and research. Indian Institute of Technology Delhi (IIT Delhi), located in Delhi, the capital of India, is home to high end laboratories and centers of excellence trying to tackle the most challenging problems of the world ranging from collaborative robots to carbon neutrality. The Indian Institute of Technology Bombay located in Mumbai, the financial capital of India, houses the Centre for Machine Intelligence and Data Science (C-MInDS) a multi-disciplinary collaborative effort to tackle challenges pertaining to the frontiers of AI and Machine Learning. Both IIT Delhi and IIT Bombay have been recognized as Institutes of Eminence by the government of India.Indian Institute of Technology Delhi (IIT Delhi)Establishment: 1961Location: DelhiDirector: Prof. Rangan BanerjeeIndian Institute of Technology Bombay (IIT Bombay)Establishment: 1958Location: Mumbai, MaharashtraDirector: Prof. Shireesh Kedare Copyright 2024 JCN Newswire via SeaPRwire.com.
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TRENDE Launches Commercial P2P Energy Trading Service in Partnership with JA Group and ITOCHU JCN Newswire

TRENDE Launches Commercial P2P Energy Trading Service in Partnership with JA Group and ITOCHU

TOKYO, Sept 10, 2024 - (JCN Newswire via SeaPRwire.com) - TRENDE Inc., a renewable energy company that develops and provides renewable energy solutions to residential customers in Japan, today announced the launch of its commercial peer-to-peer (P2P) energy trading service in collaboration with the National Federation of Agricultural Cooperative Associations (JA Group) and ITOCHU Corporation. This groundbreaking initiative is part of the "Smart Agri Community" project, a smart city concept tailored for the JA Group. The P2P energy trading service leverages AI-powered demand forecasting and blockchain technology to enable direct energy transactions between prosumers (producers and consumers) with solar PV and storage systems. This innovative approach breaks away from the traditional one-way power flow from utilities to consumers.As solar PV systems installed under the Feed-in Tariff (FIT) program reach the end of their contract periods, prosumers can now sell their excess electricity directly to other consumers through TRENDE’s P2P platform. This creates new revenue streams for prosumers while allowing consumers to purchase affordable renewable energy, effectively circulating clean energy within the community without waste."We are thrilled to launch this commercial P2P energy trading service, which aligns perfectly with our mission to promote renewable energy adoption," said Masashi Nishio, CEO of TRENDE. "This partnership with JA Group and ITOCHU marks a significant milestone in our efforts to accelerate the transition to a sustainable energy future."The project is currently being piloted in Gunma Prefecture, with plans to expand to A-COOP supermarkets and JA cooperatives nationwide. Early results have shown economic benefits for all participants, demonstrating the potential of "locally produced, locally consumed" renewable energy.TRENDE has been at the forefront of P2P energy trading research and development. The company has collaborated with the University of Tokyo and Toyota Motor Corporation on blockchain-enabled energy transactions between homes, businesses, and electric vehicles to create a sustainable society."We are excited to see the commercial launch of this innovative P2P energy trading service," said Hiroaki Murase, General Manager, Sustainable Energy Business Department of ITOCHU Corporation. "This partnership with JA Group and TRENDE is a significant step forward in our efforts to drive decarbonization solutions and create a more sustainable future."About TRENDETRENDE Inc. is a renewable energy company that develops and provides renewable energy solutions to residential customers in Japan via its Teraris (https://teraris.jp/) service website. TRENDE’s mission is to accelerate the widespread adoption of renewable energy and redefine the energy ecosystem in Japan with a customer-centric business model and innovative P2P platform. The company’s investors include Itochu, Idemitsu and Dubai Electricity and Water Authority. For more information, please visit http://trende.jp/.For inquiries, please contact:TRENDE Inc.Email: pr@trende.jp Copyright 2024 JCN Newswire via SeaPRwire.com.
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DENSO to Build a New Plant at the Zenmyo Plant JCN Newswire

DENSO to Build a New Plant at the Zenmyo Plant

KARIYA, JAPAN, Sept 9, 2024 - (JCN Newswire via SeaPRwire.com) - DENSO CORPORATION today announced that it will build a new plant by expanding the site of the Zenmyo Plant in Nishio City, Aichi Prefecture. Construction will start in the first half of FY2025 and will be completed in January 2027, with production slated to start in the first half of FY2028. The total investment will be about 69 billion yen.Image of the new plantDENSO has been expanding the value that it offers in the “green” and “peace of mind” domains based on technologies refined in the automotive business as the core. To evolve from a “Tier 1 supplier that supports the auto industry” to a “Tier 1 supplier that supports a mobility-centered society,” DENSO has been working on three challenges: “evolution of mobility,” “creation of new value,” and “strengthening of fundamental technologies.”Software, which is part of “strengthening of fundamental technologies,” is embedded in electronic control units (ECUs), which control electrification products and ADAS products, and plays a key role. Software will keep growing with the advancement of software-defined vehicles (SDVs) and electrification, and large-scale integrated ECUs will be required for overall control of vehicle functions. The new plant will feature a production system that can quickly respond to market expansion and customers’ needs in the future by mainly manufacturing large-scale integrated ECUs.The new plant will be the first to incorporate DENSO’s next-generation plant concept from the planning phase. The plant will realize a creative workstyle based on digital infrastructure and automation technology, which will be deployed across the plant. It will also be capable of 24-hour unmanned operation, significantly improving production efficiency. Further, the aim is to build an environmentally friendly carbon-neutral plant by utilizing private power generation, which will use solar panels and hydrogen.Features of the next-generation plant1. Flexible production systemProducts will be standardized by using common materials and components of products. Diverse products will be produced on a single line in combination with production lines that enable equipment to be easily recombined, thus quickly and flexibly handling changes in the types and quantities of products.The components and units of the production equipment will be standardized. The processing programs will also be standardized, and software compatibility will be enhanced to significantly reduce the lead time for production preparation.2. 24-hour unmanned operationThe equipment and the flow of goods will be constantly monitored by cameras and sensors in the plant. When signs of equipment failure are detected, the situation will be judged remotely and action will be taken before the equipment fails, enabling production lines to run non-stop.In addition to the production lines, the entire process, including unloading of materials and components, transfer within the plant, replenishment and feeding of materials, and packing of products for shipment will be automated to realize unmanned operation.3. Shifting to a workstyle that takes full advantage of digital solutionsThe plant will be reproduced virtually by using digital twin technology. Equipment verification and kaizen simulations will help build an efficient and streamlined production system.The on-site know-how accumulated through manufacturing operations will be turned into explicit knowledge, and a database will be created so that the knowledge is available to anyone. The database will be used to increase automation, perform the kaizen cycle quickly, and facilitate the evolution of manufacturing.DENSO will continue to address social challenges, such as the declining labor force and environmental concerns, through innovative manufacturing methods, thereby fostering a sense of security and well-being for everyone.For more information, visit https://toyotagazooracing.com/wec/release/2024/rd07-preview/. Copyright 2024 JCN Newswire via SeaPRwire.com.
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TANAKA Precious Metals Announces Executive Appointments JCN Newswire

TANAKA Precious Metals Announces Executive Appointments

TOKYO, Sept 7, 2024 - (JCN Newswire via SeaPRwire.com) - TANAKA Holdings Co., Ltd. (Head office: Chuo-ku, Tokyo; Group CEO: Koichiro Tanaka) announces that its Board of Directors tentatively decided, at a meeting held on August 19, 2024, the appointment of executives for TANAKA PRECIOUS METAL GROUP CO., LTD., which will be newly established on September 30, and group companies (TANAKA PRECIOUS METAL TECHNOLOGIES CO., LTD., TANAKA PRECIOUS METAL RETAILING CO., LTD., TANAKA ELECTRONICS CO., LTD., and EEJA Ltd.).TANAKA Holdings Websitehttps://www.tanaka.co.jp/english/ Press inquiriesTANAKA Holdings Co., Ltd.https://tanaka-preciousmetals.com/en/inquiries-for-media Press Release: https://www.acnnewswire.com/docs/files/20240906.pdf Copyright 2024 JCN Newswire via SeaPRwire.com.
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Toyota’s Next-Generation BEV Battery Development and Production Plan Certified by METI JCN Newswire

Toyota’s Next-Generation BEV Battery Development and Production Plan Certified by METI

Toyota City, Japan, Sept 6, 2024 - (JCN Newswire via SeaPRwire.com) - Toyota Motor Corporation (Toyota) announced today that the development and production plans for its next-generation batteries (performance version) and all-solid-state batteries were certified by the Ministry of Economy, Trade and Industry (METI) as part of the Japanese government's "Supply Assurance Plan for Batteries."Certification was granted for (1) production of next-generation batteries (performance version) at Prime Planet Energy & Solutions, Inc. (PPES), (2) production of next-generation batteries (performance version) at Primearth EV Energy Co., Ltd.*1(PEVE) and (3) R&D and production of all-solid-state batteries.(1)Next-Generation Battery (Performance Version)PPES, ToyotaStarting from 2026, gradually implemented9GWh/year(2)PEVE*1, Toyota(3)All-Solid-State BatteryToyota*1Effective October 1, 2024, PEVE will be renamed "TOYOTA BATTERY Co., Ltd."The "Initiatives to Ensure A Stable Supply of Batteries," a policy defined by METI, is based on the Economic Security Promotion Act. The policy aims to strengthen the production infrastructure of batteries, including battery cells, materials, and manufacturing equipment, which have been designated as critical materials. The battery industry is an equipment-intensive industry requiring large-scale investments in significant facilities. To maintain and enhance manufacturing capabilities and technologies within Japan's battery industry, which includes equipment industries and material manufacturers, government support is provided.By advancing battery development and production in Japan, Toyota aims to contribute to the further development of the industry and the strengthening of the production infrastructure of batteries. Additionally, by enhancing the competitiveness of batteries, Toyota seeks to improve the marketability of electrified vehicles and achieve carbon neutrality through a multi-pathway approach.For more information, visit https://global.toyota/en/newsroom/corporate/41100223.html.About Toyota Toyota strives to be a strong corporate citizen, engaging with and earning the trust of its stakeholders, and to contribute to the creation of a prosperous society through all its business operations.Our corporate principles form the basis of our initiatives, reflect values that enable action, and drive our mindset.For the latest Toyota-related news and information:https://tinyurl.com/ToyotaPressReleasenewsroom@global.toyota Copyright 2024 JCN Newswire via SeaPRwire.com.
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Toyota Motor Corporation and BMW Group Strengthen Collaboration Towards the Advancement of a Hydrogen Society JCN Newswire

Toyota Motor Corporation and BMW Group Strengthen Collaboration Towards the Advancement of a Hydrogen Society

Toyota City, Japan, Sept 6, 2024 - (JCN Newswire via SeaPRwire.com) - Toyota Motor Corporation (Toyota) and the BMW Group (BMW) signed an agreement to strengthen collaboration in the hydrogen sector, with a view to creating a hydrogen society and achieving overall carbon neutrality. Both companies will work together on the development of fuel cells system and the improvement of infrastructure.The two companies signed an agreement in December 2011 to establish a mid-long-term cooperative relationship in environmental technology, and have jointly advanced the development of environmental technologies, including fuel cells and sports cars, for over a decade. Sharing a common vision of "realizing a hydrogen society," the two companies will continue to accelerate technological innovation in fuel cell systems.The two companies will provide a wider range of options to customers by equipping more passenger cars with fuel cell systems.Toyota and BMW are collaborating on the development of a third-generation fuel cell system, which will be installed in both companies' models to provide customers with a broader range of fuel cell electric vehicles (FCEV). As a first step, BMW plans to launch its first mass-produced FCEV in 2028.Both companies will also work to create synergies through collaboration in development and procurement as well as drive down costs by amalgamating powertrain units to expand commercial and passenger vehicle demand. By making FCEV a more accessible option, the partnership will contribute to the creation of a hydrogen society.Establishing sustainable hydrogen supply networksBoth companies believe that working with like-minded partners is essential for realizing a hydrogen society. Given the need to create clusters of demand for hydrogen in the early stages of popularisation, Toyota and BMW will encourage sustainable hydrogen supply by creating demand and working closely with hydrogen-producing companies as well as distribution and refueling facilities to ensure a stable hydrogen supply and reduce costs.(Left to right) Hiroki Nakajima, Executive Vice President of Toyota Motor Corporation, Koji Sato, President of Toyota Motor Corporation,Oliver Zipse, Chairman of the Board of Management of BMW AG,Frank Weber, Member of the Board of Management of BMW AG, DevelopmentKoji Sato, President of Toyota, said, "We are pleased that the collaboration between BMW and Toyota has entered a new stage. In our long history of partnership, we have confirmed that BMW and Toyota share the same passion for cars and belief in "technology openness" and a "multi-pathway" approach to carbon neutrality. Based on these shared values, we will deepen our collaboration in efforts such as the joint development of next-generation fuel cell systems and the expansion of infrastructure, aiming for the realization of a hydrogen society. We will accelerate our efforts together with BMW and partners across various industries to realize a future where hydrogen energy supports society."Oliver Zipse, Chairman of the Board of Management, BMW AG, commented, "This is a milestone in automotive history: the first-ever series production fuel cell vehicle to be offered by a global premium manufacturer. Powered by hydrogen and driven by the spirit of our cooperation, it will underscore how technological progress is shaping future mobility. And it will herald an era of significant demand for fuel cell electric vehicles."Toyota has positioned hydrogen as a key energy source in its efforts to achieve carbon neutrality, and has been advancing initiatives in collaboration with many partners across the areas of "producing, transporting, storing, and using" hydrogen.Toyota aims to be best-in-town by conducting locally rooted management that caters to each region's market characteristics and customer needs. Moving forward, we will continue to address the needs of customers in each region by focusing on a multi-pathway approach that includes FCEV, BEV, HEV, and PHEV options, all while steadily working towards reducing CO2 emissions.About Toyota Toyota strives to be a strong corporate citizen, engaging with and earning the trust of its stakeholders, and to contribute to the creation of a prosperous society through all its business operations.Our corporate principles form the basis of our initiatives, reflect values that enable action, and drive our mindset.For the latest Toyota-related news and information:https://tinyurl.com/ToyotaPressReleasenewsroom@global.toyota Copyright 2024 JCN Newswire via SeaPRwire.com.
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