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Mitsubishi Electric Announces Organizational Changes and Changes in Executive Officers and Executive Officers (Associate) Effective April 1
Businesswire· 2026-02-19 07:30
Core Viewpoint - Mitsubishi Electric Corporation announced organizational changes and modifications in the executive officer structure effective April 1, 2026, following a resolution from the Board of Directors [1] Group 1: Organizational Changes - The company will rename its Corporate Human Resources Group effective April 1, 2026 [1]
Mitsubishi Electric to Rename Thai Subsidiary Siam Compressor Industry
Businesswire· 2026-02-16 05:00
Core Viewpoint - Mitsubishi Electric is renaming its Thai subsidiary, Siam Compressor Industry Co., Ltd., to Mitsubishi Electric Siam Compressor Industry Co., Ltd. effective April 1, 2026, to enhance global recognition and attract talent [1]. Group 1: Company Strategy - The name change aims to leverage the Mitsubishi Electric brand to strengthen global recognition and improve talent acquisition [1]. - The subsidiary develops, manufactures, and sells compressors for air conditioning and refrigeration equipment, supplying both Mitsubishi Electric group companies and other manufacturers in Thailand and beyond [1]. Group 2: Market Focus - Mitsubishi Electric Siam Compressor Industry will target the growing demand for compressors in air conditioning and refrigeration, particularly in applications such as data centers, which are expected to see significant growth [1]. - The initiative is part of Mitsubishi Electric's strategy to expand its global business and accelerate overall growth in the air conditioning and refrigeration systems sector [1].
Mitsubishi Electric and Indian Institute of Technology Hyderabad Sign MOU to Strengthen Industry-Academia Collaboration
Businesswire· 2026-02-12 07:00
Core Insights - Mitsubishi Electric Corporation has signed a memorandum of understanding (MOU) with the Indian Institute of Technology Hyderabad (IITH) to enhance collaboration in science and technology [1] - The agreement is effective for a three-year period, lasting until February 2029 [1] - The collaboration will focus on joint research and personnel exchanges in various scientific and technological fields, including artificial intelligence [1]
Mitsubishi Electric Completes Full Acquisition of Nozomi Networks
Businesswire· 2026-01-29 07:30
Core Viewpoint - Mitsubishi Electric Corporation has completed the acquisition of all outstanding shares of Nozomi Networks Inc., making it a wholly-owned subsidiary [1] Group 1: Acquisition Details - The acquisition was announced on September 9, 2025, and has now been finalized [1] - Nozomi Networks Inc. is located at Suite 3650, 575 Market St, San Francisco, CA 94105 [1] - Edgard Capdevielle serves as the President & CEO of Nozomi Networks Inc. [1] Group 2: Business Overview - Nozomi Networks Inc. specializes in the development and sales of operational technology cybersecurity solutions [1]
Nozomi Networks Enters Next Phase of Growth as Mitsubishi Electric Completes Acquisition
Prnewswire· 2026-01-29 06:36
Core Insights - Nozomi Networks has been acquired by Mitsubishi Electric, marking a new growth phase while maintaining independent operations and a vendor-neutral technology roadmap [1][4] - The company has surpassed $100 million in annual revenue and serves major enterprises across various sectors, including oil and gas, pharmaceuticals, utilities, and mining [2] - Nozomi Networks is recognized for its innovative platform and vendor-agnostic approach, achieving sustained cash flow and breakeven performance [2][3] Company Performance - In 2025, Nozomi Networks achieved significant milestones, including the release of advanced cybersecurity solutions like Arc and Vantage IQ, which enhance threat response and support OT/IoT security teams [3] - The company experienced a 24% growth in employee headcount and was recognized as one of the fastest-growing companies in North America by Deloitte [5] - Nozomi Networks has been named a leader in multiple industry reports, including the Gartner Magic Quadrant for CPS Protection Platforms and the Forrester Wave for IoT Security [5] Strategic Partnerships - The acquisition by Mitsubishi Electric is expected to enhance Nozomi Networks' ability to serve global customers and address the evolving challenges in OT/IoT cybersecurity [4] - The company has established significant partnerships with global technology leaders such as Schneider Electric, Hitachi Cyber, Nvidia, Dispel, and Xona [5] Future Outlook - Nozomi Networks is positioned to continue its leadership in OT/IoT cybersecurity, with plans for new innovations in 2026 [4] - The company remains committed to its existing customer base and partnerships, ensuring continuity in operations and service delivery [4]
Mitsubishi Electric and Landis+Gyr Accelerate Grid Edge Innovation as Mitsubishi Electric Takes Part in Landis+Gyr's Application Ecosystem
Prnewswire· 2026-01-27 06:00
Core Insights - Mitsubishi Electric Corporation and Landis+Gyr have signed a Memorandum of Understanding (MOU) to collaborate on advancing grid edge intelligence and accelerating the energy transition [1] - The collaboration will leverage Landis+Gyr's App Ecosystem to develop edge applications and enhance operational capabilities for utilities [2][3] Company Collaboration - Mitsubishi Electric will integrate its expertise in energy systems with Landis+Gyr's intelligent edge devices, such as the Revelo grid sensor, to create advanced use cases [2][3] - The partnership aims to provide utilities with tools to manage grid complexity, enhance stability, and improve customer engagement [3][4] Market Focus - The initial focus of the collaboration will be on North America, where distributed energy resources (DERs) are rapidly expanding [3] - The collaboration seeks to unlock innovative use cases that will benefit both utilities and consumers [3][5] Strategic Vision - Mitsubishi Electric envisions a future with decentralized energy resources and autonomous decision-making at the grid edge [5] - The collaboration aims to create new value across various sectors by connecting energy, assets, and data [5] Company Background - Landis+Gyr is a global leader in energy technology, providing intelligent solutions that enhance grid visibility and system control for over 3,500 utilities worldwide [6] - Mitsubishi Electric has over 100 years of experience in manufacturing electrical and electronic equipment, with a reported revenue of 5,521.7 billion yen (approximately $36.8 billion) for the fiscal year ending March 31, 2025 [7]
Mitsubishi Electric's ME Innovation Fund Invests in Lucend, U.S. Startup Driving Data Center Operational Optimization
Businesswire· 2026-01-27 03:00
Core Insights - Mitsubishi Electric Corporation has made its fourteenth investment through the ME Innovation Fund in Lucend, a U.S.-based startup focused on optimizing data center operations with an AI platform [1] Investment Details - The investment in Lucend reflects the growing trend of capital investment in data centers, driven by the rapid advancement of digitalization and the adoption of generative AI [1] - The ME Innovation Fund aims to support innovative technologies that enhance operational efficiency in data centers [1]
Mitsubishi Electric Confirms World's First Self-recovery Property of Highly Oriented Pyrolytic Graphite
Businesswire· 2026-01-27 03:00
Core Insights - Mitsubishi Electric Corporation has confirmed the world's first self-recovery property of highly oriented pyrolytic graphite (HOPG) in collaboration with Kyoto University's Solid Mechanics Laboratory [1] - This breakthrough is anticipated to enhance the operational lifetime of micro electro mechanical systems (MEMS) by leveraging van der Waals-layered materials [1] Company Developments - The research conducted by Mitsubishi Electric and Kyoto University represents a significant advancement in material science, particularly in the context of MEMS technology [1] - The utilization of vdW-layered materials like HOPG could lead to improved performance and durability in various applications [1]
Mitsubishi Electric Named to Clarivate Top 100 Global Innovators 2026
Businesswire· 2026-01-22 03:00
Core Insights - Mitsubishi Electric Corporation has been recognized as one of the Clarivate Top 100 Global Innovators for 2026, marking the 14th time the company has received this honor and ranking 17th overall this year [1] Group 1: Recognition and Awards - The award is based on patent-related data collected by Clarivate, with candidates required to have filed at least 500 patent applications since 2000 and more than 100 inventions registered as patents between 2020 and 2024 [2] - Four criteria are evaluated for selection: influence, success rate, geographic investment, and rarity [2] Group 2: Intellectual Property Strategy - Mitsubishi Electric positions intellectual property as a crucial business resource for future growth, aligning IP activities with business and R&D strategies [3] - The company launched Open Technology Bank activities in October 2021 to promote external collaboration aimed at achieving a sustainable future through leveraging IP [3]
Mitsubishi Electric Develops Multi-agent AI for Expert-level Decisions through Adversarial Debate
Businesswire· 2026-01-20 03:00
Core Insights - Mitsubishi Electric Corporation has developed the manufacturing industry's first multi-agent AI technology that utilizes an argumentation framework for generating adversarial debates among expert AI agents, facilitating rapid expert-level decision-making with transparent reasoning [1] Group 1 - The new AI technology is a result of the company's Maisart® AI program, aimed at enhancing efficiency in complex expert-level decision-making [1]