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April 10, 2015
Hitachi Kokusai Electric Inc.
Hitachi Kokusai Electric Inc. (hereinafter, "our company"; head office: Chiyoda-ku, Tokyo, Japan; President and Chief Executive Officer: Manabu Shinomoto) is currently accelerating the global deployment of video and wireless network systems in order to achieve the goals set for the Medium-term Management Plan "HK-AV10".
In order to strengthen our broadcasting transmitter business in North America, our company has decided to reorganize Comark Communications LLC (Southwick, Massachusetts, U.S.). In June of 2014 our company invested in Comark Communications LLC and they became an equity method affiliate, this will make Comark Communications LLC a consolidated subsidiary of Hitachi Kokusai Electric America, Ltd.(New York, U.S.), wholly owned company of our company (hereinafter, "Hitachi Kokusai America"). In addition, the corporate name will be changed to Hitachi Kokusai Electric Comark LLC (hereinafter, "Hitachi Kokusai Comark"), and the sales and maintenance businesses of broadcasting transmitters and codecs that are handled by the Midwest office of Hitachi Kokusai America (Elgin, Illinois, U.S.) will be integrated into Hitachi Kokusai Comark.
Through this reorganization, we will change the drive of our business system from exportations to global networking. As a result, we will expand our global business by manufacturing locally, and then connecting each region together to form a global network.
In the U.S., the digital terrestrial transmitters currently being used are expected to be replaced or upgraded in the near future. In addition, the U.S. government plans to reprogram frequency bands in or after 2016 to secure and auction new frequencies for wireless broadband communications, which also increases the likelihood of growing demands for replacements and upgrades of digital terrestrial transmitters. Furthermore, broadcasting organizations in the U.S., Latin America, the Middle East, and Asia are expected to continue their investments in equipment as digital terrestrial broadcasting spreads across these regions.
In this kind of market, we expect the following to result from this business reorganization:
Aiming to achieve the goals of the Medium-term Management Plan "HK-AV10", we will make efforts to establish an optimal organizational system.
|Trade name||Hitachi Kokusai Electric America, Ltd.|
|Date founded||November 29, 1963|
|Head office location||150 Crossways Park Drive, Woodbury, New York, 11797, U.S.|
|Representative||President, CEO & Treasurer: Yuichi Otsuka|
|Description of business||Sale, maintenance and installation of broadcasting & video equipment|
|Trade name||Comark Communications LLC|
|Head office location||104 Feeding Hills Road, Southwick, Massachusetts, 01077, U.S.|
|Representative||President & CEO: Richard E. Fiore, Jr.|
|Description of business||Research and development, design, manufacture, sale, and maintenance of digital terrestrial broadcasting transmitters, etc.|
Contact persons: Sasaki and Nishino
Hitachi Kokusai Electric Inc.
Strategic Planning & Communication Center
11th floor, Akihabara UDX Bldg.
4-14-1 Sotokanda, Chiyoda-ku, Tokyo 101-8980, Japan