Plextor today announced that the corporate identity of Plextor Corporation will cease to exist effective August 31, 2006.
On September 1, 2006, a new corporate identity will be created ? Plextor LLC, a partner and merged entity of Shinano Kenshi Corporation (SKC-U.S.). SKC is one of the world?s largest electronic motor manufacturers.
Plextor LLC will continue to operate under its current structure and business strategies, and the company will remain located in Fremont, California. In essence, Plextor will remain fully autonomous and separate from SKCs Los Angeles-based organization.
"Through the merger with SKC, Plextor gains a strong and stable financial partner, a potential investor, and a partner company with broad ties and access to various product applications and markets," said Toru Nakazawa, President, Plextor LLC.
"For SKC, the formation of Plextor LLC opens up new business and commercial opportunities, including the ability to achieve greater synergy with Plextor LLC?s organization in the future," said Rex Bergsma, President, Shinano Kenshi Corporation.
Plextor is a developer and manufacturer of high-performance digital media equipment for professionals, consumers, and enterprises. Headquartered in Silicon Valley since 1990, Plextor has introduced generations of award-winning products, including digital video converters and CD-R/RW, DVD±R/RW optical disk drives, and Network Attached Storage products. Plextor was privately owned by Shinano Kenshi Co., Ltd., a developer and manufacturer of advanced technology hardware and precision electronic equipment headquartered in Japan.