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Seiko Epson to transfer optical device business to Epson Toyocom

Posted: 06 Mar 2006 ?? ?Print Version ?Bookmark and Share

Keywords:Epson Toyocom? Seiko Epson? optical devices?

Epson Toyocom Corp. (Epson) announced that the company's board of directors has approved a plan to take over the optical device business of Seiko Epson Corp.

According to the press release, Epson's optical device business has leveraged its strength in areas such as optical low pass filters for digital cameras and optical pickup components for DVD recorders to enter the market for liquid crystal projectors and expand its market share in recent years. Optical devices are positioned as one of the core businesses in Epson's "3D strategy," a strategy designed to drive horizontal and vertical growth around timing devices, sensing devices, and optical devices.

Meanwhile, Seiko Epson's optical device business, which boasts expertise in optical components for 3LCD projectors, has steadily grown its unit sales volume. The business also possesses advanced technological capabilities in areas such as spherical lens processing and treatment, a byproduct of its experience in eyeglass lens design.

In discussing future strategy for the optical device business from a group perspective, Epson and Seiko Epson reached the conclusion that the best way to maximize business value would be to efficiently utilize their combined markets, technologies, and development resources by merging Seiko Epson's optical device business into Epson's.

All operations within Seiko Epson's optical business, with the exception of the eyeglass lens business will be transferred to Epson. Planned date of business transfer is scheduled on April 1, 2006.

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