Date: 26th Oct 2010

NSK and Toshiba have formed the ADTech Corporation to develop automotive steering system

NSK Ltd. and Toshiba Corporation have formed a joint venture, ADTech Corporation to develop automotive steering system, and the commencement of the joint venture's activities.

NSK and Toshiba have established ADTech Corporation on September 30, 2010, and this joint venture has since entered full operation. The joint venture's objective is the effective development of an automotive steering system that fuses NSK's experience in electronic, mechanical, and other in-car safety technologies with Toshiba's electronics and software technologies.

Details of New Joint Venture
(1) Joint venture name: ADTech Corporation
(2) Representative: Kazutaka Motoda, President and Representative Director
(3) Location: 1-6-3 Ohsaki, Shinagawa-ku, Tokyo
(4) Date established: September 30, 2010
(5) Description of business: Development and related undertakings for in-car safety systems in response to the transition to EVs
(6) Employees: Approx. 60
(7) Capital: 200 million yen
(8) Equity investment ratio: NSK 51%, Toshiba 49%