Monday, February 20, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
New Samsung Galaxy Tab S Series To Include Windows Version
Researchers Introduce New Wireless Charging Technology
HTC Takes VR lead in China
SoftBank To Offload Sprint: report
New Mac OS X Malware Steal Passwords, And iPhone Backups
Xiaomi Launches a Smart GPS-Watch and A Smart Guitar
Alphabet Advances Its 'Loon' Baloon Internet Plan
Samsung Chief Arrested
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Consumer Electronics > Seiko E...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, June 30, 2009
Seiko Epson to Transfer Business Assets Relating to TFT Liquid Crystal Display to Sony


Seiko Epson Corporation and Sony Corporation today announced the execution of an agreement to transfer to the Sony group certain assets of the small - and medium - sized TFT liquid crystal display (LCD) business operated by Epson Imaging Devices Corporation in the Epson group.

Epson and Sony have discussed a possible agreement in the field of small-and medium-sized TFT LCDs since their March 2009 announcement. As further detailed below, the agreement announced today calls for certain assets of the Epson group to be transferred to the Sony group, subject to receipt of necessary government approvals. Placing top priority on continuing to meet customer requirements, the sales function for small- and medium-sized TFT LCD business operated by Epson Imaging will first be transferred to the Sony group within 2009. Thereafter, it is planned that certain manufacturing-related assets for such business owned by Epson Imaging will be transferred to Sony Mobile Display Corporation ("SMD") on April 1, 2010, from which time they will be operated by the Sony group.

The outline of the agreement, planned to be completed within 2009 includes:

1. Transfer of the sales function for small- and medium-sized TFT LCD business (excluding high-temperature polysilicon TFT LCDs, etc.) operated by Epson Imaging to the Sony group and secondment of sales personnel. To commence on April 1, 2010 (planned)

2. Transfer of certain buildings and equipment and lease of certain land relating to amorphous silicon TFT LCD manufacturing from Epson Imaging (Tottori city, Tottori, Japan) to SMD.

3. Transfer of certain intellectual property, including patents, software and technical information, relating to small- and medium-sized TFT LCDs (excluding high-temperature polysilicon TFT LCDs, etc.) from Epson to the Sony group.

4. Secondment of certain Epson Imaging and other Epson group employees involved in the development, design and manufacture of small- and medium-sized TFT LCDs (excluding high-temperature polysilicon TFT LCDs, etc.) from the Epson group to the Sony group.

In addition to the Sony group's existing expertise in sales, development, design and production of high-resolution low-temperature polysilicon TFT LCDs, the transfer of these business assets will enable Sony to fully utilize Epson Imaging and other Epson group capabilities in the field of small-and medium-sized TFT LCD sales, technology and product design and amorphous silicon TFT LCD production.

The deal will have limited impact on the two firms' fiscal 2009 earnings outlooks, according to Seiko Epson and Sony.


Previous
Next
New NVIDIA GPU-Accelerated Plug-Ins Boost Performance Of Adobe Creative Suite 4        All News        Comcast Begins Rollout of High-Speed Wireless Data Service
Panasonic Develops Laser-based CRT TV Recycling Technology     Consumer Electronics News      Pioneer Introduces New Flash-based In-Dash Navigation Systems

Get RSS feed Easy Print E-Mail this Message

Related News
Sony Unveils Pricing And Availability Of 2017 4K HDR Ultra HD TVs And Ultra HD Blu-ray Player
Sony Develops the First 3-Layer Stacked CMOS Image Sensor with DRAM for Smartphones
Sony's Profit Dropped Despite Healthy Video Game Business
Sony Broadens its Line of Laser Light Source Z-Phosphor Projectors
Sony to Book Impairment Loss of 112.1 bil. Yen In Movie Business, Due To Low Blu-ray and DVD Sales
Sony Unveils OLED TV, Visual And Audio Entertainment Products At CES
LG Display To Supply OLED Panels To Sony
Sony Audio and Video Products That Work With the Google Assistant on Google Home
Sony To Release More Mobile Phone Games In 2017, Announces Project Field Controller
Sony and SKY Perfect JSAT Demonstrated Live Simultaneous 4K-HDR and HD-SDR Broadcast
Sony to Release First PlayStation games For Smartphones Next March
Sony Profit Decreased On Battery Unit Sale

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .