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April 26, 2011
Hitachi High-Technologies Corporation (TOKYO:8036, Hitachi High-Tech), a cutting-edge technology company of Science & Medical Systems, Techcomp Holdings Ltd (SGX:T43, Techcomp), China's leading company for highly advanced scientific and laboratory equipment, and have announced that they have renewed the captioned agreement for a period of 5 years.
Under this agreement, Hitachi High-Tech will cooperate with Techcomp to aggressively promote business development in the rapidly growing PRC, Southeast Asia and South Asia. To enhance application support in these markets, new application laboratories will be established and joint research with prominent universities and research institutions will be set up in China. Beyond these moves, the companies will advance sales promotions by actively sponsoring and presenting at academic conferences and exhibitions, thereby enhancing the presence of the HITACHI brand. Service support efforts will also be stepped up to improve the level of customer service.
Under the renewed agreement, Techcomp is responsible for the marketing and distribution of the analytical product range of Hitachi High-Tech in PRC, Southeast Asia and South Asia; and Electronic Microscope product range in PRC. Techcomp has been distributing Hitachi products since 1997.
Mr. Toshio Kajimoto, Vice President and Executive Officer of Hitachi High-Tech commented, "Techcomp has been a very important business partner for Hitachi High-Tech in PRC, Southeast Asia and South Asia region since 1997. The conclusion of this latest agreement has provided an opportunity for Hitachi High-Tech to strengthen its relationship with Techcomp, and we intend to aggressively invest in those rapidly growing markets to promote business expansion."
Mr. Richard Lo, President and CEO of Techcomp commented, "Techcomp and Hitachi High-Tech have been enjoying the success of their partnership, and this agreement shows the determination from both sides to make the partnership a continued success. I believe this is a win-win agreement that both parties will benefit from."
This agreement is not expected to have a material impact in the current financial year.
About Techcomp (Holdings) Limited
Corporate Communications Dept.
Aiko Matsumoto/Reiko Takeuchi