Panasonic, Sanyo In Talks Regarding Alliance

  • Nov 10, 2008
Panasonic Corp. and Sanyo Electric Co. Ltd., upon the resolutions of meetings of the respective boards of directors Friday, agreed to start discussions for a capital and business alliance between the two companies.

Panasonic and Sanyo will start discussions with the aim of maximizing both companies’ corporate values by pursuing synergies between both organizations and further strengthening initiatives to achieve potential revenue and profit growth through an alliance.

Through a capital and business alliance based on the premise of making Sanyo a subsidiary of Panasonic, officials said they aim to share both companies’ management know-how and business resources while collaborating with each other, creating a global competitive foundation which will maximize corporate values of both Panasonic and Sanyo and bring benefit for both companies’ shareholders and all other stakeholders, including customers and employees.

Panasonic and Sanyo will immediately set up a project team to start intensive discussion on the capital and business alliance between both companies based on the premise of making Sanyo a subsidiary of Panasonic, keeping a variety of options in mind.

After discussion between both companies, officials said they will disclose the subsequent progress of the talks between both organizations around the end of the year. If an agreement is made earlier, the information will be disclosed promptly.

Featured

Most   Popular

New Products

  • ResponderLink

    ResponderLink

    Shooter Detection Systems (SDS), an Alarm.com company and a global leader in gunshot detection solutions, has introduced ResponderLink, a groundbreaking new 911 notification service for gunshot events. ResponderLink completes the circle from detection to 911 notification to first responder awareness, giving law enforcement enhanced situational intelligence they urgently need to save lives. Integrating SDS’s proven gunshot detection system with Noonlight’s SendPolice platform, ResponderLink is the first solution to automatically deliver real-time gunshot detection data to 911 call centers and first responders. When shots are detected, the 911 dispatching center, also known as the Public Safety Answering Point or PSAP, is contacted based on the gunfire location, enabling faster initiation of life-saving emergency protocols.

  • 4K Video Decoder

    3xLOGIC’s VH-DECODER-4K is perfect for use in organizations of all sizes in diverse vertical sectors such as retail, leisure and hospitality, education and commercial premises.

  • Mobile Safe Shield

    Mobile Safe Shield

    SafeWood Designs, Inc., a manufacturer of patented bullet resistant products, is excited to announce the launch of the Mobile Safe Shield. The Mobile Safe Shield is a moveable bullet resistant shield that provides protection in the event of an assailant and supplies cover in the event of an active shooter. With a heavy-duty steel frame, quality castor wheels, and bullet resistant core, the Mobile Safe Shield is a perfect addition to any guard station, security desks, courthouses, police stations, schools, office spaces and more. The Mobile Safe Shield is incredibly customizable. Bullet resistant materials are available in UL 752 Levels 1 through 8 and include glass, white board, tack board, veneer, and plastic laminate. Flexibility in bullet resistant materials allows for the Mobile Safe Shield to blend more with current interior décor for a seamless design aesthetic. Optional custom paint colors are also available for the steel frame.