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Nitto Opens an Innovation Company in Silicon Valley, California



  Nitto Opens an Innovation Company in Silicon Valley, California

           Focusing on business development in new business domains

Business Wire

OSAKA, Japan -- October 25, 2013

Nitto Denko Corporation (Nitto) (TOKYO:6988)(ISIN:JP3684000007) has
established Nitto Innovations, Inc., (NII) in California USA, in order to
develop new businesses through collaboration with venture capital companies as
part of an ongoing pursuit of “the creation of ample business opportunities.”
Located in Santa Clara, California, the center of Silicon Valley, NII strives
to discover new technology and businesses in and around the Silicon Valley and
other areas, with a focus on corporate venture capital and business
cooperation. NII also focuses on new businesses in growth areas such as the
“Green (Earth/Environmentally Friendly), Clean (New Energy and Energy Saving)
and Fine (Life Science)” business domains.

Background

Due to the increasing rate of technological innovation and globalization,
product life-spans are getting shorter and manufacturers are required to
diversify and speed up research and development projects. In order to make
efficient use of the limited managerial resources under such circumstances, it
is important that Nitto build a system to search for and utilize technologies
and businesses outside of the Nitto Group. Thus, Nitto established NII, which
will operate and manage collaborations with startup companies. Located in
Silicon Valley, where a large ecosystem of startup companies exists, NII and
its experienced local staff, with the group-wide support of Nitto, is
committed to external venture company growth and contributing to Nitto’s
business.

Corporate Data

Company Name: Nitto Innovations, Inc.
Location: 2880 Lakeside Drive, Suite 205, Santa Clara, CA 95054, USA
Capitalization: 1 million USD
Stockholder: Nitto Denko Corporation (100%)
Company Representative: Yasuo Miyazawa
Start Date: October 1, 2013

About Nitto

Nitto, a leading Japanese diversified materials manufacturer, offers to the
global market about 13,500 species of high-value-added products. Nitto's
strength lies in its flexibility to add diverse functionality to sheets, films
and other materials, fully utilizing its core technologies such as polymer
synthesis, adhesion and coating technologies. Nitto shares are traded on the
Tokyo Stock Exchange is a global company founded in 1918 with 2012 sales of
USD 6.7 billion. The company consists of 111 subsidiaries across the globe and
employs over 30 thousand people.

Contact:

Nitto Innovations, Inc.
Yasuo Miyazawa
yasuo.miyazawa@nitto.com
or
Nitto Denko
+81-6-7632-2101
Brand Strategy Dept.
communication_group@nitto.co.jp
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