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

AMD Introduces two new dual-core desktop processors -Athlon II X2 250 and Phenom II X2 550 Black Edition

Bringing its acclaimed 45nm technology to new high-volume processor designs, AMD today announced two new dual-core desktop processors. Building on 10 years of AMD AthlonTM processor innovation, the new 45nm AMD AthlonTM II X2 250 processor gives mainstream consumers exceptional performance...

No Questions Needed for The Q5

No Questions Needed for The Q5

The 2017 Audi Q5 is a terrific compact luxury SUV that will keep you happy behind the wheel and save you money at the gas pump. The Q5 is one of the most popular of all compact luxury SUVs in the country and its classic lines, comfortable interior and abundant features lets you know that you’re...

LeEco presents three new smartphones

LeEco presents three new smartphones

The smartphone maker LeEco, previously known as LeTV, has announced three new smartphones – the Le Max 2, the Le 2 Pro and the Le 2. The devices share one peculiar feature – all of them lack 3.5-mm audio jacks and in order to listen to music you must use a headset that has a USB Type-C...

Leave a comment