Mitsubishi Electric

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
Automotive, Automotive Manufacturing, Technology, EV, Electric Vehicles, Manufacturing, Hardware, Transfer, Yaskawa Electric Corporation, Companies Act, Paragraph, Update, Executive, Part, Mitsubishi Electric

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
Engineering, Energy, Utilities, Manufacturing, ABB, BHEL, Growth, Mitsubishi Electric, Transformers, Retail

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
Other Manufacturing, Technology, EV, Electric Vehicles, Semiconductor, Automotive, Chemicals, Plastics, Automotive Manufacturing, Manufacturing, Hardware, Shinkansen, MOSFET, Electronics, Electron energy loss spectroscopy, Westinghouse Electric Corporation, Silicon carbide, Silicon, Partnership, Mitsubishi Electric, Nexperia

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
Intellia Therapeutics, BMW, NYSE, CES, Senior, BlackBerry, QNX, Ecosystem, Next, Qualcomm, Booth, BlackBerry Limited, Mitsubishi Electric, Crash, Collision, IVY, TSX, MIH, Satellite navigation device

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
Transfer, Electronics, Element, Cross, Trane Technologies, Tic, Growth, HVAC, FREE, Johnson Controls, Daikin, Internet of things, Lennox International, Filter (signal processing), Cabinet, Education minister, Indoor air quality, USD, Automation, Sustainability, Energy recovery ventilation, Energy Recovery, Air conditioning, Commercial, Panasonic, Internet, Control, YOY, Allergen, Free, Carbon, Carrier Global, Nature, HRV, ERV, Atmosphere, Mitsubishi Electric, Environment, Pharmaceutical industry, Geography, Ventilation, Heat

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
Other Manufacturing, Environment, Technology, Semiconductor, Professional Services, Manufacturing, Green Technology, Hardware, Other Professional Services, Green bond, Silicon carbide, International Capital Market Association, R&I, Mitsubishi Electric, R, Israel Electric Corporation, ICMA, Security (finance)

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
PLC, Control system, Food, Programmable logic controller, DCS, Rockwell Automation, Infineon Technologies, Nature, Wind, USD, ABB, Automation, SCADA, Geography, Water, Communication, Growth, Mitsubishi Electric, YOY, Schneider Electric, Parker Hannifin, Free, Instrumentation, Marketing, Software

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
Mitsubishi Electric, Safety, Internet of things, Marketing, Semiconductor, DX, Car, Knowledge, Environment, Information, OT

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.

Distributed Control Systems (DCS) In The Oil And Gas Market size to increase by USD 833.28 million during 2023-2028| Emergence of new refinery projects to drive the growth- Technavio

Retrieved on: 
Thursday, December 7, 2023
DCS, WTI, Safety, Software, YOY, Hitachi, Investment, Oil, Rockwell Automation, Honeywell, Distributed control system, Nature, USD, ABB, FA, Component, West Texas Intermediate, Growth, Mitsubishi Electric, Schneider Electric, Electric power, Petroleum, Geography

These factors collectively contribute to an increased demand for DCS systems within refineries, boosting the growth of Distributed Control Systems (DCS) in the oil and gas market.

Key Points: 
  • These factors collectively contribute to an increased demand for DCS systems within refineries, boosting the growth of Distributed Control Systems (DCS) in the oil and gas market.
  • The report analyses the market size and growth and provides accurate predictions on the growth of the market.
  • Virtualization of DCS in oil and gas, utilizing hypervisors, is emerging, enabling virtual machines for automation control systems.
  • Oil futures serve as critical indicators influencing the demand and operational dynamics shaping the utilization of Distributed Control Systems (DCS) in the oil and gas market.

Satellite Market size to increase by USD 14.53 billion from 2023 - 2028 | Accelerating demand for satellite navigation equipment drives market growth - Technavio

Retrieved on: 
Wednesday, December 6, 2023
Small satellite, Ball Corporation, Telecommunications, Airbus, Radio, NASA, USD, Satellite Control Network, SBIRS, Orbit, SpaceX, Ball, Growth, Mitsubishi Electric, Satellite navigation device, Communications satellite, Geography

The market size is projected to grow by USD 14.53 billion, accelerating at a CAGR of almost 3.31% during the forecast period.

Key Points: 
  • The market size is projected to grow by USD 14.53 billion, accelerating at a CAGR of almost 3.31% during the forecast period.
  • The increasing demand for satellite navigation equipment arises from their diverse applications in surveillance, reconnaissance, and navigation missions.
  • The satellite market is set for significant growth driven by increased demand for satellite navigation equipment and expanding applications like satellite-based telemetry.
  • Satellite Phone Market: The satellite phone market size is estimated to grow at a CAGR of 4.2% between 2022 and 2027.