MHI and Minebea Agree to Jointly Develop ICT-Based Road Traffic Solutions for Phnom Penh, Cambodia, Smart City Plan
Tokyo, October 22, 2015 - On October 22 Mitsubishi Heavy Industries, Ltd. (MHI) and Minebea Co., Ltd. (Minebea) signed a memorandum of understanding (MOU) to collaborate in the development of road traffic solutions based on information and communication technology (ICT) as part of a Smart City Plan for Phnom Penh which Minebea is now promoting, in the Kingdom of Cambodia.
Toward realization of the Smart City concept, MHI will provide various technologies related to traffic control, and will jointly develop additional requisite technologies through close collaboration with Minebea.
Minebea is the precision components manufacturer engaged in the machinery components business such as ball bearings and electronic devices and components business including LED backlights used for smartphones, small-sized motors, etc. Minebea manufactures the miniature-sized ball bearings having the outer diameter of up to 22 mm in which the company has the largest global market share. On top of that, Minebea has kept trying to take new challenges and initiatives such as entering into the wireless communications business as well as the markets for lighting and censors, and the like.
MHI is one of the world's leading heavy machinery manufacturers and operates more than 300 group companies in Japan and other countries. MHI's diverse lineup of products and services encompasses various power generation systems, including thermal power, nuclear power and renewable energy; space systems; aircraft; ships and transportation systems; industrial machinery and defense related equipment. In the area of road traffic control, MHI is proactively developing global business opportunities with a particular focus on ASEAN countries.
Going forward, MHI and Minebea will apply their advanced technologies to the development of countries and regions throughout the world.