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 firstname.lastname@example.org or Nitto Denko +81-6-7632-2101 Brand Strategy Dept. email@example.com
Nitto Opens an Innovation Company in Silicon Valley, California
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