Pioneer and Sharp Sign Contract for Optical Disk Joint Venture

shake-hands-contractJapan – Pioneer Corporation and Sharp Corporation  signed a formal contract for the establishment of an optical disk joint venture.

The 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 further expand the business in this area, especially in the highly promising Blu-ray Disc market. The new company will develop, design, manufacture and sell optical-disk products such as optical disk drives, recorders and players.

sharp-pioneer

Pioneer and Sharp plan to launch operations at the joint venture on October 1, 2009.

Outline of the new company

Company name: Pioneer Digital Design and Manufacturing Corporation
Headquarters: 1-1, Shin-ogura, Saiwai-ku, Kawasaki-shi, Kanagawa, Japan
(Within Kawasaki Plant of Pioneer Corporation)
Capital: 6 billion yen (including additional paid-in capital)
Shareholders: Pioneer Corporation (66%), Sharp Corporation (34%)
President: Toshihiko Kurihara
(Currently General Manager of Components Business Division of Home Entertainment Business Group of Pioneer Corporation)
Number of directors: 5 (3 from Pioneer, 2 from Sharp)
Number of employees: Approximately 450
Start of operation: October 1, 2009 (Scheduled)
Main businesses: Development, design, manufacture, and sale of optical –disk –related products and parts.
Business forecast: Approximately 38 billion yen (during six months from October. 1, 2009 through March 31, 2010)

Source: Sharp

Related posts

MIT develops camera that captures trillion frames per second

The Massachusetts Institute of Technology has developed a video camera that can capture one trillion frames per second, making it possible to visualize the speed of light and the effect on photons as they hit surfaces. Now that’s what we call quick frame taking! The camera resides in a case...

Panasonic adds new camera to product list

Panasonic adds new camera to product list

The Japanese Panasonic has enhanced its Lumix product portfolio with a new camera that is called DMC-FZ1000. The new camera measures 137 x 99 x 131 mm and weighs 831 grams. It offers an excellent 20.1 MP sensor and a powerful Venus Engine image processor. The combination allows the Lumix...

Range Shooter

Range Shooter

Range Shooter is a game for all fans of the action games you can find on Google Play. The game offers quick and dynamic gameplay and hours of fun. The app is simple in its core – you have to test your shooting skills at a shooting range. To do this the game offers several game modes with each...

Leave a comment