Thursday, May 05, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google, Fiat Chrysler To Work Together On Self-driving Vehicles
AMD Radeon R3 SSDs Released
IBM Makes Quantum Computing Available on IBM Cloud
Apple Loses China Trademark For 'iPhone' On Leather Goods
Sony Releases New Home Audio Products
HDD Sales Fall, Capacities Rise
Sony's Future Camera Could Be in The Form Of A Contact Lens
HP Refreshes The Pavilion PC Line-up
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 Releases New Home Audio Products
Sony Reports Loss But PlayStation Keeps Performing Well
Sony Confirms Manufacturing Operations Disruptions Following Kumamoto Earthquakes
Sony's Second Generation Optical Disc Archive System Is Faster And Goes Up to 3.3 TB
Kyushu Quakes Trouble Japan's Economy
Sony Develops Ghost-catching Device
Sony Wants To Bring Playstation Games In Mobiles Through New Company
Sony’s New Life Space UX Line Comes To The U.S.
Sony Releases 2016 EXTRA BASS And h.ear And Series Lineup
Sony to Buy Michael Jackson's Stake in Music Unit
New Sony Everspan Library System Delivers Reliable Optical Disc Archiving For Data Centers
Sony Unveils "KOOV" Educational Kit for Robotics and Programming

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .