SEIKO EPSON CORPORATION has entered into a capital and business alliance agreement with CLUSTER TECHNOLOGY CO.,LTD., under which Epson will subscribe to CLUSTER TECHNOLOGY CO.,LTD.'s third-party allotment of shares and establish a capital alliance. Going forward, the companies will jointly pursue the development of components related to inkjet printheads and next-generation materials.
SEIKO EPSON CORPORATION (hereinafter, “Epson”) and CLUSTER TECHNOLOGY CO.,LTD. (hereinafter, “CLUSTER TECHNOLOGY”) announced today that they had entered into a capital and business alliance agreement. Under the agreement, Epson will subscribe to the third-party allotment of shares carried out by CLUSTER TECHNOLOGY and establish a capital alliance. Epson will invest in CLUSTER TECHNOLOGY through the issuance of new shares, strengthening their long-term cooperative relationship.
The alliance is positioned as part of an initiative to strengthen Epson's solutions business centered on inkjet printheads. By combining the two companies' resin composite materials and molding technologies with Epson's technologies, they will pursue the development of high-performance components and next-generation materials.