Toshiba and Ikegami Tsushinki agree to capital alliance
Aug 3, 2007 12:19 PM
Toshiba and Ikegami Tsushinki will enter into a capital alliance to strengthen their business collaboration in professional-use broadcasting systems. Toshiba will subscribe to all the new shares that Ikegami's board of directors has resolved to issue. As a result, Toshiba will become the largest shareholder of Ikegami, with a holding of around 20 percent of shares issued. After taking the necessary procedures, Toshiba and Ikegami aim to execute a final agreement by the end of August.
Toshiba and Ikegami, in April 2007, agreed to establish a business alliance to promote a flash-memory based, tapeless video production and editing system for professional broadcasters. Under this business partnership, the companies are now working together to develop camera and recording equipment that uses flash memory as the recording medium, aiming for commercialization in April 2008. Toshiba and Ikegami are also promoting the system to broadcasters as a new, totally tapeless solution covering video recording through archiving.
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