Satellite Technology News

powered by google

Satellite Spotlight:  

Satellite Technology RSS Feed
Share

TMCNet:  MICROWAVE VISION GROUP Announces the Participation of Japanese Partner PTT In Its Share Capital

[December 06, 2012]

MICROWAVE VISION GROUP Announces the Participation of Japanese Partner PTT In Its Share Capital

PARIS --(Business Wire)--

The shares were purchased on the Capital Market and presently raise PTT's share of capital in MVG to 1%. This equity stake by a Japanese partner reinforces�the longstanding and rooted collaboration between the two companies in a strategic market.

Philippe Garreau, President of MICROWAVE VISION GROUP (Pars:ALMIC), announces: "PTT is our commercial agent but above all, a partner. Our ties have resulted in a fruitful collaboration for over 12 years. This entry in the capital of MVG demonstrates our mutual trust. Japan plays a key role in our expansion plans for Asia. The financial participation of PTT will allow us to strengthen synergies between the two companies.

Yuji Yamamoto, President of PTT adds: "12 years have passed since we commenced good business with MVG in 2000. We have acted as MVG's exclusive agent in Japan all that time and acquired shares to further strengthen ties with MVG. On this occasion we, both MVG and PTT, intend to positively undertake the task of expansion of product sales not only in Japan but also across Asia."

About PTT
PTT Company Limited - PTT - is a major trading company in Japan istributing reliable and global high technology products to Japan and China, as well as Southeast Asia. The goal of PTT is to create win-win business models between major manufacturers and end users through its strong technical and logistics support. PTT is 100 percent owned by public company named Vitec Co., Ltd. and has 5 own domestic sales offices and 2 in China. Major suppliers are STMicroelectronics and MOLEX, and major customers are Panasonic (News - Alert) group companies. For more information, visit: http://www.pttco.co.jp

About MICROWAVE VISION
MICROWAVE VISION Group - MVG - (NYSE-Euronext: ALMIC) is a leading global manufacturer of antenna test and measurement systems for the Telecommunications, Automotive, Defense and Aerospace industries, as well as for academic research. With the recent acquisition of REMC, specialists in shielded chambers for anechoic, EMC (News - Alert) and screened room solutions, MVG offers the widest range and most innovative technology of its kind in the respective markets. The company brings together the high-precision electronic scanners developed by SATIMO (News - Alert) INDUSTRIES using its "microwave vision" technology, ORBIT/FR products developed through a state-of-the-art technology of high-performance positioners and electromechanical scanners, AEMI high performing absorbing materials, and now REMC provider of specialized shielded chambers. MVG is located in 9 countries - France, Italy, Germany, UK, Sweden, USA, Israel, China, and Japan, and has more than 260 employees. The group boasts a client base including several large international companies. MVG achieved a turnover of � 44.03 million for the year end 31 December 2011. MVG has been awarded the OSEO certification "Innovative Company". Alternext, code ISIN FR 0004058949 |For�more information, visit: http://www.microwavevision.com


[ Satellite Spotlight's Homepage ]


blog comments powered by Disqus

FREE Satellite eNewsletter

Subscribe to our free weekly Satellite Spotlight eNewsletter!

Get the latest expert news, reviews & resources. Tailored specifically for Satellite Technology and Communications.

Satellite Technology White Papers

Innovative Features Mean Major Savings for Cellular Operators Using Satellite Backhaul
With the rising cost of satellite bandwidth and the need for more of it to support an ever increasing number of voice, data and now video services, operators must seek ways to reduce both their hardware investment costs and operating expenses, especially when fierce competition forces them to provide these new services without raising their rates.

Satellite Technology Features