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Hitachi to strengthen Social Innovation Business in Asian Belt Zone

Hitachi, Ltd. announced that Hitachi and Singapore Economic Development Board (EDB) have signed a Memorandum of Understanding (MoU) to promote Hitachi's Social Innovation Business in Asian Belt Zone through a Centre of Excellence (CoE), established in Hitachi Asia Ltd.'s Singapore headquarter on April 1, 2010. The CoE will develop advanced technology and solutions businesses related to the Social Innovation Business, such as smart grids, water treatment, security and urban transportation. Furthermore, Hitachi plans to participate in pilot projects in Singapore and other countries.

The CoE, established with the aim of providing a central base for leveraging the Hitachi Group's collective strengths to address needs in the Social Innovation Business which spans a broad range of fields, reports directly to the president of Hitachi Asia Ltd. The CoE has a staff strength of around 20 employees.

Asian Belt Zone consists of countries and areas, totalled 24, such as but not limited to China, ASEAN countries, India, Middle Eastern countries and other countries located within the territory.



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