Mitsubishi Electric

Global Automotive Steering System Market Analysis 2023-2028 - OEMs Dominate the Sales Channel, Prioritizing Safety and Efficiency - ResearchAndMarkets.com

Retrieved on: 
Monday, December 18, 2023

Consumers are seeking advanced safety, comfort, and innovative steering system technologies in passenger vehicles, driving the demand for these systems.

Key Points: 
  • Consumers are seeking advanced safety, comfort, and innovative steering system technologies in passenger vehicles, driving the demand for these systems.
  • OEMs Dominate Sales: Original Equipment Manufacturers (OEMs) dominate the sales channel, as they prioritize safety and efficiency.
  • Asia Pacific Leads Growth: Asia Pacific is the leading region in the automotive steering system market, with China as its strongest market.
  • The growth of the automotive steering system market is closely tied to the sales and production of automotive vehicles.

Mitsubishi Electric Trane HVAC US Honors Distributors at Its 20th Annual Diamond Service Group Conference

Retrieved on: 
Tuesday, December 12, 2023

Mitsubishi Electric Trane HVAC US LLC (METUS) , a leading supplier of Ductless and Ducted Mini-split and Variable Refrigerant Flow (VRF) heat pump and air-conditioning systems, recently celebrated the contributions of its Diamond Service Group (DSG) members during the 2023 Diamond Service Group Conference in Atlanta.

Key Points: 
  • Mitsubishi Electric Trane HVAC US LLC (METUS) , a leading supplier of Ductless and Ducted Mini-split and Variable Refrigerant Flow (VRF) heat pump and air-conditioning systems, recently celebrated the contributions of its Diamond Service Group (DSG) members during the 2023 Diamond Service Group Conference in Atlanta.
  • View the full release here: https://www.businesswire.com/news/home/20231212819139/en/
    METUS Diamond Service Group members traveled to Atlanta for the 20th Annual DSG Conference (Photo: Business Wire)
    The DSG network encompasses 398 independent distributors that deliver technical service support in North America, Latin America and the Caribbean.
  • Independent DSG members serve as the local customer contact for troubleshooting and offer support and training for all Mitsubishi Electric systems sold and installed through the DSG network.
  • During the conference, Stanley, who works with CD Jones Company, received an award for his longstanding membership and service in the DSG network.

Mitsubishi Electric and TXOne Networks to Cooperate in Mutual Expansion of OT Security Businesses

Retrieved on: 
Tuesday, December 12, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231211092566/en/
    Mitsubishi Electric Corporation and TXOne Networks collaboration to create innovative new value in OT security by combining Mitsubishi Electric's assessment, maintenance and operation services as well as control equipment and systems with TXOne's OT security products.
  • The new OT security solutions are expected to improve manufacturing productivity, efficiency and safety as well as security levels throughout the supply chains of various industries.
  • TXOne provides OT security solutions that enable manufacturers to comply with security guidelines, such as the semiconductor sector's SEMI E187* specification.
  • "As cyber threats continue to evolve, TXOne remains committed to fortifying the industrial landscape with pioneering OT security solutions," said Dr. Terence Liu, CEO of TXOne Networks.

Mitsubishi Electric and TXOne Networks to Cooperate in Mutual Expansion of OT Security Businesses

Retrieved on: 
Monday, December 11, 2023

Mitsubishi Electric Corporation and TXOne Networks Inc. announced today that they have signed a long-term cooperation agreement covering technology development and marketing, aiming at expanding the operational-technology (OT) security businesses of both companies.

Key Points: 
  • Mitsubishi Electric Corporation and TXOne Networks Inc. announced today that they have signed a long-term cooperation agreement covering technology development and marketing, aiming at expanding the operational-technology (OT) security businesses of both companies.
  • View the full release here: https://www.businesswire.com/news/home/20231211025058/en/
    Mitsubishi Electric Corporation and TXOne Networks Inc. announced today that they have signed a long-term cooperation agreement covering technology development and marketing, aiming at expanding the operational-technology (OT) security businesses of both companies.
  • TXOne provides OT security solutions that enable manufacturers to comply with security guidelines, such as the semiconductor sector's SEMI E187* specification.
  • "As cyber threats continue to evolve, TXOne remains committed to fortifying the industrial landscape with pioneering OT security solutions," said Dr. Terence Liu, CEO of TXOne Networks.

Mitsubishi Electric and TXOne Networks to Cooperate in Mutual Expansion of OT Security Businesses

Retrieved on: 
Monday, December 11, 2023

Mitsubishi Electric Corporation and TXOne Networks Inc. announced today that they have signed a long-term cooperation agreement covering technology development and marketing, aiming at expanding the operational-technology (OT) security businesses of both companies.

Key Points: 
  • Mitsubishi Electric Corporation and TXOne Networks Inc. announced today that they have signed a long-term cooperation agreement covering technology development and marketing, aiming at expanding the operational-technology (OT) security businesses of both companies.
  • OT and industrial control systems in manufacturing sites are often operated in closed environments, with IT and OT systems separated from each other.
  • Mitsubishi Electric offers comprehensive OT security solutions to protect manufacturing sites from cyberattacks.
  • TXOne provides OT security solutions that enable manufacturers to comply with security guidelines, such as the semiconductor sector's SEMI E187 specification.

Update on Disclosed Matter: Mitsubishi Electric and Mitsubishi Heavy Industries Execute Contract for Absorption-type Company Split to Integrate Power-generator Systems Businesses

Retrieved on: 
Monday, December 11, 2023

Mitsubishi Electric Corporation (TOKYO: 6503) and Mitsubishi Heavy Industries, Ltd. (TOKYO: 7011) announced today that they have each signed a contract for an absorption-type company split with MTG Co., LTD, which has been established as a preparatory company to integrate the two firms’ power-generator systems businesses under a planned joint venture.

Key Points: 
  • Mitsubishi Electric Corporation (TOKYO: 6503) and Mitsubishi Heavy Industries, Ltd. (TOKYO: 7011) announced today that they have each signed a contract for an absorption-type company split with MTG Co., LTD, which has been established as a preparatory company to integrate the two firms’ power-generator systems businesses under a planned joint venture.
  • As previously announced, the two firms agreed—in principle by a basic agreement (hereinafter MOU) on December 26, 2022 and in detail by a definitive agreement (hereinafter DA) on May 29, 2023—on a plan to transfer their respective power-generator systems businesses to the planned joint-venture company in which Mitsubishi Electric and Mitsubishi Heavy Industries will become the shareholders on April 1, 2024.
  • Item numbers below are consistent with the previous announcement on May 29, 2023, and newly announced information is underlined.

Mitsubishi Electric, ME Innovation Fund Invests in Hayden AI Technologies, Inc.

Retrieved on: 
Friday, December 8, 2023

Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its ME Innovation Fund has invested in Hayden AI Technologies, Inc., a U.S. based startup company that provides the traffic violation enforcement services using image analysis technology.

Key Points: 
  • Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its ME Innovation Fund has invested in Hayden AI Technologies, Inc., a U.S. based startup company that provides the traffic violation enforcement services using image analysis technology.
  • The United States has very strict traffic regulations related to school buses to ensure the safety of children.
  • Hayden AI Technologies uses cameras mounted on school buses and other vehicles to detect traffic violations via image analysis.
  • This service contributes to improved urban traffic safety by enabling violations such as parking infringements to be enforced more efficiently.

Mitsubishi Electric Sets Terms & Conditions for Issuing First Green Bonds

Retrieved on: 
Thursday, December 7, 2023

Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has set the terms and conditions for issuing its first corporate green bonds in the Japanese market, as initially announced in a news release on November 10.

Key Points: 
  • Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has set the terms and conditions for issuing its first corporate green bonds in the Japanese market, as initially announced in a news release on November 10.
  • The proceeds from the bonds will be used to construct a silicon-carbide (SiC) power semiconductor plant and upgrade related facilities.
  • Mitsubishi Electric has positioned sustainability as a cornerstone of its overall business, including initiatives to address climate change and other pressing issues facing modern society.
  • In light of the company’s active sustainability initiatives, 41 investors have announced their intention to invest in Mitsubishi Electric’s first green bonds.

More than Half of U.S. Homeowners Ranked Government Incentives as One of Their Top Reasons for Considering Installing a Heat Pump, According to Mitsubishi Electric Trane HVAC Survey1

Retrieved on: 
Tuesday, December 5, 2023

According to a survey of U.S. homeowners conducted by Mitsubishi Electric Trane HVAC US (METUS), 63% of American homeowners have heard of the Inflation Reduction Act (IRA) and 54% ranked government incentives (such as a tax credit or rebate) as one of their top three reasons why they would consider installing a heat pump.

Key Points: 
  • According to a survey of U.S. homeowners conducted by Mitsubishi Electric Trane HVAC US (METUS), 63% of American homeowners have heard of the Inflation Reduction Act (IRA) and 54% ranked government incentives (such as a tax credit or rebate) as one of their top three reasons why they would consider installing a heat pump.
  • View the full release here: https://www.businesswire.com/news/home/20231205712947/en/
    The METUS 2023 Heat Pump & Homeowners Index (Photo: Business Wire)
    These findings, among others, were uncovered by the METUS 2023 Heat Pumps & Homeowners Index.
  • The survey explored American homeowners’ attitudes toward the IRA and sustainable home upgrades, specifically regarding heat pumps.
  • Similarly, 49% ranked "reduce energy bills” as one of their top three reasons to consider installing a heat pump.4
    According to the survey, 24% of respondents stated their home is already equipped with a heat pump and 69% would consider installing a heat pump in their home.

Mitsubishi Electric Develops World’s First Penetration-test Support Tool that Generates Attack Scenarios from Hacker Perspectives

Retrieved on: 
Tuesday, December 5, 2023

Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has developed the world's first penetration-test support tool, CATSploit, which automatically generates attack scenarios based on the test objectives of a penetration tester, such as the theft of confidential information, to evaluate the effectiveness of test attacks.

Key Points: 
  • Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has developed the world's first penetration-test support tool, CATSploit, which automatically generates attack scenarios based on the test objectives of a penetration tester, such as the theft of confidential information, to evaluate the effectiveness of test attacks.
  • Using the attack scenarios and resulting test results (scores), even inexperienced security engineers can easily perform penetration tests.
  • The need to implement security measures in such systems has become urgent.
  • Mitsubishi Electric, by focusing on the factors that white-hat hackers consider when selecting their attack vectors, has now developed a penetration-test support tool that generates lists of possible attack scenarios and their effectiveness (expressed as numerical scores).