| [December 06, 2012] |
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MICROWAVE VISION GROUP Announces the Participation of Japanese Partner PTT In Its Share Capital
PARIS --(Business Wire)--
The shares were purchased on the Capital Market and presently raise
PTT's share of capital in MVG to 1%. This equity stake by a
Japanese partner reinforces the longstanding and rooted collaboration
between the two companies in a strategic market.
Philippe Garreau, President of MICROWAVE VISION GROUP (Pars:ALMIC),
announces: "PTT is our commercial agent but above all, a partner. Our
ties have resulted in a fruitful collaboration for over 12 years. This
entry in the capital of MVG demonstrates our mutual trust. Japan plays a
key role in our expansion plans for Asia. The financial participation of
PTT will allow us to strengthen synergies between the two companies.
Yuji Yamamoto, President of PTT adds: "12 years have passed since we
commenced good business with MVG in 2000. We have acted as MVG's
exclusive agent in Japan all that time and acquired shares to further
strengthen ties with MVG. On this occasion we, both MVG and PTT, intend
to positively undertake the task of expansion of product sales not only
in Japan but also across Asia."
About PTT
PTT Company Limited - PTT - is a major
trading company in Japan istributing reliable and global high
technology products to Japan and China, as well as Southeast Asia. The
goal of PTT is to create win-win business models between major
manufacturers and end users through its strong technical and logistics
support. PTT is 100 percent owned by public company named Vitec Co.,
Ltd. and has 5 own domestic sales offices and 2 in China. Major
suppliers are STMicroelectronics and MOLEX, and major customers are
Panasonic (News - Alert) group companies. For more information, visit: http://www.pttco.co.jp
About MICROWAVE VISION
MICROWAVE VISION Group - MVG -
(NYSE-Euronext: ALMIC) is a leading global manufacturer of antenna test
and measurement systems for the Telecommunications, Automotive, Defense
and Aerospace industries, as well as for academic research. With the
recent acquisition of REMC, specialists in shielded chambers for
anechoic, EMC (News - Alert) and screened room solutions, MVG offers the widest range
and most innovative technology of its kind in the respective markets.
The company brings together the high-precision electronic scanners
developed by SATIMO (News - Alert) INDUSTRIES using its "microwave vision" technology,
ORBIT/FR products developed through a state-of-the-art technology of
high-performance positioners and electromechanical scanners, AEMI high
performing absorbing materials, and now REMC provider of specialized
shielded chambers. MVG is located in 9 countries - France, Italy,
Germany, UK, Sweden, USA, Israel, China, and Japan, and has more than
260 employees. The group boasts a client base including several large
international companies. MVG achieved a turnover of € 44.03 million for
the year end 31 December 2011. MVG has been awarded the OSEO
certification "Innovative Company". Alternext, code ISIN FR 0004058949
|For more information, visit: http://www.microwavevision.com
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