NEC : space sector venture changes name to NEC Space Technologies
May 14, 2015 at 10:24 pm EDT
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*** For immediate use May 15, 2015
Tokyo, May 15, 2015 - NEC Corporation (NEC; TSE: 6701) today announced that NEC TOSHIBA Space Systems Ltd., which handles the design, assembly and testing of sensors and other on-board equipment for satellites and rockets as part of NEC's space business, has changed its name to NEC Space Technologies Ltd. ().
As one of its core businesses, NEC provides "space solutions" that cover everything from satellite systems and terrestrial satellite operation and control systems, to systems for utilizing satellite data.
NEC has managed the integration of 69 satellites, dating back to Japan's first satellite Osumi (launched in 1970). Others include Hayabusa, the asteroid explorer that successfully returned samples from the asteroid Itokawa, and its successor Hayabusa 2, which was launched in December last year.
In addition to its compact satellite assembly plant operating out of Sagamihara (Kanagawa prefecture), NEC also operates a Satellite Integration Center at its premises in Fuchu (Tokyo). It is planning to establish an integrated in-house production system for its NEXTAR Series () of standard satellite systems and to develop satellite infrastructure in areas such as environmental monitoring, disaster monitoring and positioning. NEC also intends to actively target demand for satellites in countries new to space exploration in Asia and other parts of the world, with the aim of establishing a 100 billion space-related business by fiscal 2020.
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About NEC Corporation
NEC Corporation is a leader in the integration of IT and network technologies that benefit businesses and people around the world. By providing a combination of products and solutions that cross utilize the company's experience and global resources, NEC's advanced technologies meet the complex and ever-changing needs of its customers. NEC brings more than 100 years of expertise in technological innovation to empower people, businesses and society. For more information, visit NEC at http://www.nec.com.
Based on its Mid-term Management Plan 2015, the NEC Group globally provides "Solutions for Society" that promote the safety, security, efficiency and equality of society. Under the company's corporate message of "Orchestrating a brighter world," NEC aims to help solve a wide range of challenging issues and to create new social value for the changing world of tomorrow. For more information, please visit http://www.nec.com/en/global/about/solutionsforsociety/message.html.
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NEC Corporation specializes in the manufacturing and marketing computing and telecommunication equipments. Net sales break down by activity as follows:
- IT services (53.9%): integration, maintenance, outsourcing, support services, etc.;
- sale of IT infrastructure products and network systems (17%). In addition, the group provides network services;
- sale of digital government and financial services software (14.9%);
- other (12.7%): sale of hardware, mobile telephones, lighting products, energy management and storage systems, etc.
Net sales are distributed geographically as follows: Japan (75%), Asia/Pacific (11.2%), Europe/Middle East/Africa (9.8%) and Americas (4%).
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