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Business alliance6696TRaaS On Product Inc.Electrical Equipment and Precision Instruments

Notice of the Execution of an Agreement with Coretronic Corporation for Joint Development of New Products

トラース・オン・プロダクト has entered into a development collaboration agreement with Coretronic Corporation for the development, mass production and commercialization of new digital signage terminals. The two companies will share responsibility for hardware development, software provision, OEM partner development and manufacturing.

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Agreements reached under this partnership

Business alliance
6696TRaaS On Product Inc.
Alliance partnerCoretronic Corporation (中強光電股份有限公司)
Details of the alliance
  1. 1

    We will lead and advise on product development, drawing on our extensive experience in the digital signage market. In addition to optimizing and providing our proprietary software on an OEM basis for this product, we will approach Japanese manufacturers that could serve as OEM partners for the productization of this product and conduct business development activities aimed at achieving mass production.

  2. 2

    Coretronic will lead the hardware development of this product. It will approach OEM manufacturers other than Japanese companies that could productize this product and conduct business development activities aimed at achieving mass production. Once productization is complete, Coretronic will be responsible for manufacturing at its factory.

These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.

About the partner
Business DescriptionResearch, development, manufacturing and sale of innovative display solutions, digital projectors, LCD backlight modules and related products
LocationHsinchu City, Taiwan
Share capitalNT$3,909,811 thousand (¥18,707,272 thousand)
Net SalesNT$39,668,943 thousand (¥189,803 million), fiscal year ended December 2024
Operating profitNT$188,252 thousand (¥900 million), fiscal year ended December 2024
Impact on Business Performance

The impact will be calculated based on a business plan to be developed through specific discussions between the two companies. If the need for timely disclosure arises, we will disclose the information promptly.

Date of board resolution13 May 2026Contract Date13 May 2026
Agreements reached under this partnership
ItemDetails
Name of alliance partnerCoretronic Corporation (中強光電股份有限公司)
Alliance partner's business activitiesResearch, development, manufacturing and sale of innovative display solutions, digital projectors, LCD backlight modules and related products
Alliance partner's locationHsinchu City, Taiwan
Alliance partner's capitalNT$3,909,811 thousand (¥18,707,272 thousand)
Alliance partner's net salesNT$39,668,943 thousand (¥189,803 million), fiscal year ended December 2024
Alliance partner's operating incomeNT$188,252 thousand (¥900 million), fiscal year ended December 2024
Type of allianceBusiness alliance
Details of the allianceWe will lead and advise on product development, drawing on our extensive experience in the digital signage market. In addition to optimizing and providing our proprietary software on an OEM basis for this product, we will approach Japanese manufacturers that could serve as OEM partners for the productization of this product and conduct business development activities aimed at achieving mass production., Coretronic will lead the hardware development of this product. It will approach OEM manufacturers other than Japanese companies that could productize this product and conduct business development activities aimed at achieving mass production. Once productization is complete, Coretronic will be responsible for manufacturing at its factory.
Date of board resolution13 May 2026
Contract Date13 May 2026
Impact on Business PerformanceThe impact will be calculated based on a business plan to be developed through specific discussions between the two companies. If the need for timely disclosure arises, we will disclose the information promptly.
Items this document does not state (12)
Number of shares acquiredAcquisition priceShareholding ratioOverview of the joint ventureOwnership ratioDispatch of directors and officersContract PeriodNumerical targets under the allianceShareholding PolicyAlliance start dateShare Acquisition Date and Payment DateChange in major shareholders

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The companies determined that combining Coretronic's video technology patents with our expertise in digital signage technology is expected to enable the productization and commercialization of new signage terminals and create new innovations.

How to read this page

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Notice of the Execution of an Agreement with Coretronic Corporation for Joint Development of New Products | TRaaS On Product Inc. (6696) timely disclosure | Komori