September 30, 2010
Kyocera Mita Corporation (Headquarters: Osaka, Japan; President: Katsumi Komaguchi; herein "Kyocera Mita") has announced that Kyocera Mita and the Epson Group have entered into a stock transfer agreement for 100% of shares in Epson Software Engineering (Philippines), Inc. (Cebu City, Philippines; President: Tsukasa Kubota; herein "ESEP") on September 30, 2010. The stock transfer is scheduled to be completed by the end of October 2010.
After the transfer of stocks, the company will be renamed Kyocera Mita Technology Development Philippines, Inc. (President: Fumihiko Fujiwara; herein "KTDP"). Currently, Kyocera Mita has software development bases for printers and MFPs at its Osaka R&D Center, Tokyo R&D Center and Kyocera Technology Development Inc. - which has 2 offices in California (U.S.A.). With the acquisition of ESEP, Kyocera Mita's software development structure will be comprised in 5 locations.
The purpose of establishing KTDP is part of Kyocera Mita's global business strategy to strengthen its product development. With the new software development center in Asia, this will expand Kyocera Mita's global software development capability.
Kyocera Mita manufactures and markets black & white and color MFPs, network-ready multifunctional devices and laser printers as well as a range of wide-format imaging products. It also offers a portfolio of software and network solutions.
Kyocera Mita's ECOSYS technology provides customers with print solutions that incorporate long-life components, which reduce the need to replace the drum and other image forming parts. This technology delivers a number of benefits; including improved reliability, reduced environmental impact and the lowest TCO in the printer industry. Kyocera Mita assists businesses of all sizes to maximize value and improve their document management processes.
Kyocera Mita is a wholly-owned subsidiary of the Kyocera Corporation, the world's leading developer and manufacturer of advanced fine ceramics and associated products, including solar power generating systems, telecommunications equipments, semiconductor packages and electronic components.