Nidec to Establish "Nagamori Award" for Motor-Related Technologies

Nidec to Establish "Nagamori Award" for Motor-Related Technologies

KYOTO, Japan, July 7, 2014 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ)
(the "Company") today announced that it will establish the "Nagamori Award"
for motor-related technologies.

1. Purpose of the Nagamori Award

Since its foundation, Nidec has been specializing in business for "everything
that spins and moves." Now, with its group companies operating in 32 counties
around the world, the Company is continuously growing as the "world's No.1
comprehensive motor manufacturer."

Motors, invented in the early 19^th century, are used in all kinds of electric
products around us, and are indispensable in our lives. Used in a number of
places, motors are believed to consume approximately one half of all
electricity generated in the world. This is why the research and development
of motors holds significant importance to both enrichment of our lives and
perpetual conservation of the global environment.

The Nagamori Award aims to further enhance the research and development of
motors and motor-related technologies and to support young to middle-level
engineers working dedicatedly for their dreams every day.

2. Overview of the Nagamori Award

Name                     Nagamori Award
Areas covered            Motor, motor control, motor application technology,
                         and other motor-related technological fields
                         Applicants must be young to middle-level R&D
Application requirements engineers who are members of university, public
                         organization, private company, etc. across the world,
                         with outstanding achievement.*
                         *Applicants must attend the commendation ceremony,
                        prepare and submit necessary documents, and give an
                         award lecture.
Application method       Applicants must be recommended by an academy or
                         nominate themselves. *
                         *When nominating themselves, applicants must submit a
                        recommendation letter from an academy or the
                         organization that the applicants belong to.
                         The Nagamori Award will be granted to 3-5 people
Commendation             every year. The person to receive the Grand Award of
                         the Nagamori Award will be announced at the
                         commendation ceremony.
                         Award: 5 million yen for the Grand Award of the
                        Nagamori Award, and 1 million yen for the Nagamori

3. Schedule for the first year (FY2015)

The schedule for FY2015, the first year of the "Nagamori Award", is planned as

Early September 2014 Announcement of information for the applicants (on the
                     Company's website)
November 1, 2014     Starting date for application
January 31, 2015     Closing date for application
Mid-May 2015         Announcement of award recipients (on the Company's
August 30, 2015      Commendation ceremony

4. Review committee

The Nagamori Award review committee, which will comprise five outside
intellectuals and several advisers from the Company, will review nominees
fairly based on the criteria to be decided by the committee.

Professor Yoichi Hori of Graduate School of Frontier Sciences, the University
of Tokyo, will act as the first chairperson of the committee. The other
committee members will be provided in the information for the applicants,
which will be announced in early September 2014.

5. Other

  *The Nagamori Award will be offered from the private fund of Mr. Shigenobu
    Nagamori, Chairman of the Board, President and CEO of the Company.
  *The Nagamori Award will be administered by the Company.
  *The commendation ceremony is planned to be held at a hotel in Kyoto,

CONTACT: Masahiro Nagayasu
         General Manager
         Investor Relations

Nidec Corporation
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