New structure to enable streamlined operations, faster
response to market needs
NEC Corporation and NEC LCD Technologies, Ltd today agreed
to merge NEC Akita, Ltd and NEC Kagoshima, Ltd. with their
parent company, NEC LCD Technologies, effective as of April 1,
2007. The integration is aimed at increasing operational
efficiencies and accelerating the decision making process through
streamlined management of R&D, manufacturing, and
sales functions, vital to enabling fast and flexible
response to increasingly diverse and sophisticated customer
needs in the target industrial and high-end monitor markets of
NEC LCD Technologies. NEC will continue to strengthen its
technologies and management structure to maintain its leading
position in the increasingly competitive LCD display market.
* Please see the attachment on our website for an outline of NEC
LCD Technologies, Ltd., NEC Akita, Ltd and NEC Kagoshima,
Ltd.
About NEC LCD Technologies, Ltd.
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NEC LCD Technologies, Ltd. is one of the world's leading providers
of high-quality, innovative, active-matrix liquid crystal display
(AM-LCDs) modules for the industrial and high-end monitor markets.
The company focuses its development on three core technology
areas: ultra-wide viewing angle SFT technology with high
luminance and fast response; transflective NLT technology;
and adaptive design technology that meet a variety of
specialized needs for the flat panel display markets. NEC LCD
Technologies' worldwide support includes sales and marketing
affiliates NEC Electronics America, Inc. (www.am.necel.com) and NEC
Electronics Europe (www.eu.necel.com) that offer
specialized display solutions to their respective markets. NEC
LCD Technologies employs approximately 1,200 people worldwide
and offers one of the broadest product portfolios for the
medical, factory automation, test and measurement, entertainment,
kiosk, POS and ATM markets.
Additional information can be found at http://www.nec-lcd.com/english/index.html
About NEC Corporation
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NEC Corporation (NASDAQ: NIPNY) is one of the world's leading
providers of Internet, broadband network and
enterprise business solutions dedicated to meeting the
specialized needs of its diverse and global base of customers.
NEC delivers tailored solutions in the key fields of computer,
networking and electron devices, by integrating its technical
strengths in IT and Networks, and by providing advanced
semiconductor solutions through
NEC Electronics Corporation. The NEC Group employs more than
150,000 people worldwide and had net sales of
approximately 4,825 billion yen (approx. $41.2 billion) in the
fiscal year ended March 2006.
For additional information, please visit the NEC home page
at: http://www.nec.com
* Newsroom: http://www.nec.co.jp/press/en/