Mitsubishi Electric

Update on Disclosed Matter: Mitsubishi Electric Announces Name of New Subsidiary Succeeding to Automotive-equipment Business as Part of Restructuring

Retrieved on: 
Friday, December 1, 2023

Mitsubishi Electric Corporation (TOKYO: 6503) announced today it has decided the name of its new subsidiary, Mitsubishi Electric Mobility Corporation, that has been formed as part of the planned spinoff of Mitsubishi Electric's automotive-equipment business.

Key Points: 
  • Mitsubishi Electric Corporation (TOKYO: 6503) announced today it has decided the name of its new subsidiary, Mitsubishi Electric Mobility Corporation, that has been formed as part of the planned spinoff of Mitsubishi Electric's automotive-equipment business.
  • The name had been undetermined at the time of the announcement “(Update on Disclosed Matter) Mitsubishi Electric to Transfer Automotive-equipment Business to New Subsidiary as Part of Restructuring” issued on October 31.
  • Item number below is consistent with the previous announcement on October 31, 2023, and newly announced information is underlined.

Mitsubishi Electric Partners with Software Developer ModuleWorks

Retrieved on: 
Tuesday, November 28, 2023

Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has agreed to strategically partner with and invest in ModuleWorks GmbH, a leading software component provider for the digital manufacturing industry.

Key Points: 
  • Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has agreed to strategically partner with and invest in ModuleWorks GmbH, a leading software component provider for the digital manufacturing industry.
  • The agreement builds on Mitsubishi Electric's ongoing collaboration with ModuleWorks, a highly regarded developer of cutting-edge CAD/CAM solutions, for the development of advanced technologies to generate machining-tool paths and conduct machine-tool simulations.
  • Mitsubishi Electric intends to accelerate joint development and marketing through its partnership with ModuleWorks.
  • By strengthening its software development, including machine-tool simulation and data integration with CAD/CAM, the company aims to realize easier and safer operation of machine tools, reduce engineering workloads, and optimize engineering chains.

Update on Disclosed Matter: Mitsubishi Electric’s Execution of the Company-split Agreement to Transfer Automotive-equipment Business to Newly Incorporated Subsidiary as Part of Restructuring

Retrieved on: 
Wednesday, November 15, 2023

Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has executed a Company-split agreement and formally established a wholly owned subsidiary, Melco Automotive Equipment Business Split Preparation Corporation, in line with the previous announcement “(Update on Disclosed Matter) Mitsubishi Electric to Transfer Automotive-equipment Business to New Subsidiary as Part of Restructuring” issued on October 31.

Key Points: 
  • Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has executed a Company-split agreement and formally established a wholly owned subsidiary, Melco Automotive Equipment Business Split Preparation Corporation, in line with the previous announcement “(Update on Disclosed Matter) Mitsubishi Electric to Transfer Automotive-equipment Business to New Subsidiary as Part of Restructuring” issued on October 31.
  • Item numbers below are consistent with the previous announcement on October 31, 2023, and newly announced information is underlined.
  • The Company Split is a simplified absorption-type company split, pursuant to Article 784, Paragraph 2 of the Companies Act of Japan, and Mitsubishi Electric therefore does not require approval of this at a shareholders’ meeting.
  • Accordingly, the Company Split will be implemented on the decision of the President and CEO, with due consideration of deliberations at the Executive Officers’ Meeting.

Global Transformers Markets Report 2023-2027: A Comprehensive Analysis Understanding Transformer Failure Modes and Causes - ResearchAndMarkets.com

Retrieved on: 
Monday, November 13, 2023

This report analyzes different transformer types, capacity ratings, phases, insulation types, mounting locations, end-use industries, and regional market development of transformers.

Key Points: 
  • This report analyzes different transformer types, capacity ratings, phases, insulation types, mounting locations, end-use industries, and regional market development of transformers.
  • Furthermore, we also segment the market analysis by major countries in this report, such as the U.S., China, Germany, India, and others, where the opportunities for transformers are lucrative.
  • This report is meticulously segmented by key countries including the U.S., China, Germany, India, among others, promising lucrative opportunities for transformers.
  • Also, the report consists of a patent analysis for the transformer market, representing a significant investment area for investors.

Mitsubishi Electric and Nexperia to Partner in Joint SiC Power Semiconductors Development

Retrieved on: 
Monday, November 13, 2023

Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will enter into a strategic partnership with Nexperia B.V. to jointly develop silicon carbide (SiC) power semiconductors for the power electronics market.

Key Points: 
  • Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will enter into a strategic partnership with Nexperia B.V. to jointly develop silicon carbide (SiC) power semiconductors for the power electronics market.
  • Mitsubishi Electric will leverage its wide-bandgap semiconductor technologies to develop and supply SiC MOSFET chips that Nexperia will use to develop SiC discrete devices.
  • The electric vehicle market is expanding worldwide and is helping to drive the exponential growth of SiC power semiconductors, which offer lower energy loss, higher operating temperatures and faster switching speeds than conventional silicon power semiconductors.
  • Mitsubishi Electric has accumulated superior expertise for the development and manufacture of SiC power modules, which are known for their advanced performance and high reliability.

BlackBerry to Showcase Innovative Automotive Solutions Powered by the BlackBerry IVY Connected Vehicle Data Platform at CES 2024

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Monday, December 18, 2023

WATERLOO, ON, Dec. 18, 2023 /PRNewswire/ --  At CES 2024, BlackBerry Limited (NYSE: BB; TSX: BB) will be showcasing the breadth and power of its BlackBerry IVY® connected vehicle data platform through in-vehicle and virtualized demos with a range of ecosystem partners. The BlackBerry IVY platform enables developers across industries to design and deploy insights-enabled automotive services more quickly, leveraging in-vehicle AI-enabled processing and a developer-friendly platform. This ease of development has led to a growing diversity of solutions developed on the BlackBerry IVY platform, giving automakers new opportunities to quickly enable additional services to differentiate and potentially monetize the connected car.

Key Points: 
  • The BlackBerry IVY platform enables developers across industries to design and deploy insights-enabled automotive services more quickly, leveraging in-vehicle AI-enabled processing and a developer-friendly platform.
  • This ease of development has led to a growing diversity of solutions developed on the BlackBerry IVY platform, giving automakers new opportunities to quickly enable additional services to differentiate and potentially monetize the connected car.
  • This year's IVY™ showcase at CES will feature a wide array of mobility applications; IVY powered in-vehicle AI demonstrations will include:
    COMPREDICT hardware sensor replacement solutions, utilizing virtual sensors to create cost savings and monetize vehicle health insights.
  • Live demos of other BlackBerry IVY powered applications will also be showcased in the West Hall at CES with Mitsubishi Electric (#3151), MIH (#7216), and Intellias (#7075).

Heat And Energy Recovery Ventilation System Market size to increase by USD 1.77 billion during 2023-2028, Rising demand for heat and energy recovery ventilation systems due to awareness of indoor air quality to drive the growth - Technavio

Retrieved on: 
Friday, December 15, 2023

The rising demand for heat and energy recovery ventilation systems due to awareness of indoor air quality drives market growth.

Key Points: 
  • The rising demand for heat and energy recovery ventilation systems due to awareness of indoor air quality drives market growth.
  • The integration of heat and energy recovery ventilation systems with smart building technologies and the Internet of Things is an emerging market trend.
  • Ventilation Units and Components: Heat recovery ventilation (HRV) and energy recovery ventilation (ERV) systems comprise various components essential for their efficient operation.
  • Air Filtration and Indoor Air Quality: The inclusion of air filtration mechanisms within ventilation systems is vital for improving indoor air quality.

Mitsubishi Electric to Issue Green Bonds for First Time

Retrieved on: 
Friday, November 10, 2023

Mitsubishi Electric Corporation (TOKYO:6503) announced today that it will issue green bonds for the first time to raise funds for the construction of a silicon carbide (SiC) power semiconductor plant and the enhancement of related production facilities that handle products capable of contributing to decarbonization.

Key Points: 
  • Mitsubishi Electric Corporation (TOKYO:6503) announced today that it will issue green bonds for the first time to raise funds for the construction of a silicon carbide (SiC) power semiconductor plant and the enhancement of related production facilities that handle products capable of contributing to decarbonization.
  • Green bonds are any type of debt instrument issued by a corporation or municipality for the exclusive purpose of financing or refinancing green projects domestically or internationally.
  • In preparation for the issuance, Mitsubishi Electric has formulated a Green Bond Framework that specifies its policies regarding the use of proceeds, the process for project evaluation and selection, the management of proceeds, and reporting, as defined in the Green Bond Principles 2021 issued by the International Capital Market Association (ICMA) and the Green Bond Guidelines 2022 issued by Japan’s Ministry of the Environment.
  • Mitsubishi Electric has also submitted an amended shelf registration statement for the issuance of the bonds to the Director-General of the Kanto Local Finance Bureau.

Programmable Logic Controller (PLC) Market in APAC to increase by USD 1.19 billion during 2023 to 2028; Increasing demand for PLCs in renewable power generation boosts the market growth - Technavio

Retrieved on: 
Monday, December 11, 2023

NEW YORK, Dec. 11, 2023 /PRNewswire/ -- The programmable logic controller (PLC) market in APAC is expected to grow by USD 1.19 billion between 2023 and 2028.

Key Points: 
  • NEW YORK, Dec. 11, 2023 /PRNewswire/ -- The programmable logic controller (PLC) market in APAC is expected to grow by USD 1.19 billion between 2023 and 2028.
  • Demand for PLCs in renewable power generation drives the market growth.
  • Hence, the growing demand for PLC for optimum power generation and low maintenance drives the market growth.
  • The report analyses the market size and growth and provides accurate predictions on the growth of the market.

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

Retrieved on: 
Monday, December 11, 2023

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.

Key Points: 
  • 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.
  • 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.
  • "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.