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Business alliance6797NAGOYA ELECTRIC WORKS CO.,LTD.Electrical Equipment and Precision Instruments

Nagoya Denki Kogyo enters into a capital and business alliance agreement with PXP, a developer of next-generation thin-film solar cells

Nagoya Electric Works entered into a capital and business alliance agreement with PXP, which develops next-generation thin-film solar cells. The companies will combine PXP's solar cell technology with Nagoya Electric Works' expertise in road infrastructure to develop self-powered systems and new products and services for road-related facilities.

Worth reading
42Recurring
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Improvement
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Agreements reached under this partnership

Capital and Business Alliance
6797NAGOYA ELECTRIC WORKS CO.,LTD.
Alliance partnerPXP Co., Ltd.
Details of the alliance
  1. 1

    Establishment of a new business using next-generation thin-film solar cells provided by PXP

  2. 2

    Promotion of the development of self-powered systems for road-related facilities

  3. 3

    Creation of new products and services that help maintain functionality during normal and emergency conditions

  4. 4

    Initiatives toward demonstration and social implementation

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, manufacture and sale of next-generation energy conversion equipment
Location4-26-9 Higashifuchinobe, Chuo-ku, Sagamihara, Kanagawa
Share capital¥100 million
Agreements reached under this partnership
ItemDetails
Name of alliance partnerPXP Co., Ltd.
Alliance partner's business activitiesResearch, development, manufacture and sale of next-generation energy conversion equipment
Alliance partner's location4-26-9 Higashifuchinobe, Chuo-ku, Sagamihara, Kanagawa
Alliance partner's capital¥100 million
Type of allianceCapital and Business Alliance
Details of the allianceEstablishment of a new business using next-generation thin-film solar cells provided by PXP, Promotion of the development of self-powered systems for road-related facilities, Creation of new products and services that help maintain functionality during normal and emergency conditions, Initiatives toward demonstration and social implementation
Items this document does not state (17)
Alliance partner's net salesAlliance partner's operating incomeNumber of shares acquiredAcquisition priceShareholding ratioOverview of the joint ventureOwnership ratioDispatch of directors and officersContract PeriodNumerical targets under the allianceShareholding PolicyDate of board resolutionContract DateAlliance start dateShare Acquisition Date and Payment DateImpact on Business PerformanceChange 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 alliance aims to decarbonize road infrastructure and enhance the reliability of power supplies. The companies seek to use lightweight, highly flexible next-generation thin-film solar cells for road-related facilities where conventional photovoltaic power generation equipment is difficult to install, and to create products and services that help maintain functionality during both normal and emergency conditions.

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Nagoya Denki Kogyo enters into a capital and business alliance agreement with PXP, a developer of next-generation thin-film solar cells | NAGOYA ELECTRIC WORKS CO.,LTD. (6797) timely disclosure | Komori