Sharp and Pioneer Sign Partnership Agreement to Establish Joint Venture for Optical Disk Business

shake-handsPioneer Corporation  and Sharp Corporation  have announced today that they have signed a partnership agreement on the establishment of a joint venture in the optical disk business area.

sharpThe goal of the new joint venture is to make more effective use of the management resources of the two companies in the optical disk business field, and to capture a leadership position in this area, particularly in the Blu-ray Disc market where significant growth is expected in the future.

The optical disk businesses of the two companies will be transferred to the new joint venture, with a target date for the start of operations around October 1, 2009. The new company will engage in the development, design, manufacture, and sales of optical disk products, focusing on optical disk drives, recorders, and players.

pioneerConcerning details of the joint venture, the two companies will elaborate the necessary matters, and are committed to negotiating in good faith with the goal of officially signing the joint venture agreement by June 25, 2009.

Integrating the technological expertise of Pioneer and Sharp in the areas of optical pick-up heads, optical disk drives, and system design will make their joint optical disk business even stronger, and their cooperative relationship will serve to further enhance the market competitiveness of both company’s audio-visual businesses.


Future Schedule

1. By June 25, 2009 Signing of joint venture agreement
2. By October 1, 2009 Establishment of joint venture company

Source: Sharp

Related posts

Intel Skylake chips support BClk overclocking

Intel Skylake chips support BClk overclocking

CPU overclocking is one of the favorite activities of hardware enthusiasts but with years passing by it became more and more difficult due to a simple fact – processors also became more and more complex – they integrated more cores and even included components such as integrated GPU and memory...

Skype Certifies ClearOne Personal Speakerphone

ClearOne, the leading provider of high performance audio conferencing solutions, announced the CHAT 60, a new personal speakerphone specifically designed for use with Skype(TM) software. The Skype Certified(TM) CHAT 60 is the newest of ClearOne's award-winning personal conferencing...

Intel lowers SSD prices

Starting in August of this year chip giant Intel will lower the price of its own solid-state drives with certain models getting cheaper with as much as 37 per cent. Not all SSDs will get cheaper though with models on the SSD 320, SSD 330 and SSD 520 series getting the price axe. To cut a...

Leave a comment