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Agreement Reached to Transfer NEC's Magneto-resistance Sensor Business to MurataTokyo, Feb 01, 2013 (JCN Newswire via COMTEX) -- NEC Corporation (NEC; TSE: 6701) and Murata Manufacturing Co., Ltd. (Murata; TSE:6981) reached an agreement to transfer the magneto-resistance (MR) sensor business of NEC and NEC Yamanashi, Ltd. (NEC Yamanashi), a wholly owned NEC subsidiary, to Murata. Under the agreement, the transfer is scheduled to be complete by June 1, 2013. NEC's MR sensor products are valued for their performance and technical support and are used for a wide range of purposes that include the detection of when mobile phones and laptop PCs are opened or closed and devices that detect the volume of fluid to water heaters, water meters and gas meters. Murata supplies magnetic identification sensors for currency, magnetic ink and magnetic card ink, as well as rotation sensors used in office and factory equipment. Murata is also pursuing new magnetic sensing technologies in order to expand its business in the industrial equipment, automotive and consumer products segment. As a result of the MR sensor business transfer, Murata will be able to integrate NEC's MR sensor business technology assets and expertise with its own technologies and broad customer base from the electronic components business. Furthermore, the company will be able to reinforce its initiatives in the expanding MR sensor segment of the consumer products and industrial equipment markets. This business transfer is expected to have minimal influence on the consolidated financial results of both companies. About Murata Manufacturing Murata Manufacturing Co., Ltd. is a worldwide leader in the design, manufacture and sale of ceramic-based passive electronic components & solutions, communication modules and power supply modules. Murata is committed to the development of advanced electronic materials and leading edge, multi-functional, high-density modules. The company has employees and manufacturing facilities throughout the world. For more information, visit Murata's website at http://www.murata.com/. About Fujitsu Limited Fujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Over 170,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE:6702) reported consolidated revenues of 4.5 trillion yen (US$54 billion) for the fiscal year ended March 31, 2012. For more information, please see www.fujitsu.com. Contact: Takehiko Kato NEC Corporation +81-3-3798-6511 E-Mail: [email protected] Joseph Jasper NEC Corporation +81-3-3798-6511 E-Mail: [email protected] Murata Manufacturing Co., Ltd. Corporate Section Corporate Communications Department +81-75-955-6786 |