TOPCON and Sumitomo Corporation to establish a joint venture IoT Company in Indonesia

~ Establish strategic partnership in growth market in ASEAN and India ~

Sumitomo Corporation (Headquarters: Chiyoda-ku, Tokyo, President and CEO: CEO: Masayuki Hyodo, hereinafter referred to as "Sumitomo Corporation ) Agreed on a strategic partnership aimed at jointly developing telematics business and precision agriculture business in ASEAN and Indian markets (hereinafter referred to as "this agreement"). Based on this agreement, Tibeta SpA (head office: Torino, Italy, CEO: Paolo Traso, hereinafter "Tierra") and Sumitomo Corporation, a subsidiary of TOPCON, will jointly establish a joint venture company PT. Weeo Solutions Frontier State, CEO: Nicola Finardi,

Indonesia has a population of more than 250 million people and continues economic development mainly in Jakarta Special Province (population of over 30 million), it is a promising market where strong demand for infrastructure is expected and passenger vehicles · The market size of industrial vehicles is the largest in the ASEAN region.

Also in the agricultural sector, the declining population of farmers is accelerating due to the progress of urbanization and the agricultural separation of young people, and there is a high latent need for precision agriculture that dramatically increases agricultural productivity through automation / IT It is a market.

Against this backdrop of rising demand, Weeo leverages Topcon's and Sumitomo Corporation's business foundations and diverse networks in the market to develop new business centered on TOPCON's telematics technology and precision agriculture solutions.

Starting from Indonesia, Weeo has accelerated the development of telematics business, which forms the foundation technology of IoT, cultivated by TOPCON and Tierra in ASEAN countries and India, and has been developing fleet management system (* 1) for mobility and By providing precision agricultural solutions, we will realize efficiency and labor saving of vehicles and machinery, and improvement of productivity of agricultural work.

(* 1) Fleet management system: A system that performs real-time management of the vehicle's accurate position confirmation and grasp of the operation status of the vehicle in the remote two-way information provision service (telematics) by using the Web etc.

【Outline of TOPCON CORPORATION】

 Representative: Satoshi Hirano President and Representative Director

 Establishment: September 1, 1932

 Capital: 16,638 million yen (as of the end of March 2018)

 Net sales: (Consolidated) 145,558 million yen (Fiscal year ending March 2018)

 Listed stock exchanges: Tokyo Stock Exchange First Section [Securities code: 7732]

 Number of Employees: (Consolidated) 4,723 (as of the end of March 2018)

Business contents: such as positioning (GNSS, machine control system, precision agriculture), smart infrastructure (surveying instrument, 3D measurement), eye care (ophthalmic examination / diagnosis / treatment equipment, ophthalmic network system, equipment for spectacle stores) Manufacture and sales.

【Outline of Sumitomo Corporation】

 Representative: CEO, President and CEO Masayuki Hyodo

 Establishment: 24th December 1919

 Capital: 219.3 billion yen

 Listed stock exchanges: Tokyo Stock Exchange, Nagoya Stock Exchange, Fukuoka Securities Exchange [Securities Code: 8053]

 Number of Employees: (Consolidated) 72,118 (as of the end of December 2017)

 Business contents: Based on the trust relationship between the global network developed worldwide and customers and partners in various industrial fields, selling various products and services, importing and exporting and trilogy transactions, business investment both in Japan and abroad etc. Develop diversified business activities that make full use of comprehensive strength.

 【Outline of Tierra】

 Company name: Tierra S.p.A.

Representative: CEO: Paolo Traso

Head office location: Corso Francesco Ferrucci, 112, 10141 Turin, Italy

Business outline: A joint venture company of Topcon Positioning Systems, Inc. and DIVITECH S.p.A. (Italy · telematics system maker), a 100% US subsidiary of Topcon Corporation. Provide web-based fleet management solution (vehicle operation management system) to construction and agricultural.

 Source:PRTIMES JAPAN (https://prtimes.jp/main/html/rd/p/000000580.000000726.html)

Source: https://prtimes.jp/main/html/rd/p/000000580.000000726.html