Accelerating expansion of the IT innovation business
DigitalHybrid*1 Company TOPPAN FORMS CO., LTD. (hereinafter “TOPPAN FORMS”) is pleased to announce that it will undertake 100% of the third-party allocation of new shares issued by mtes Neural Networks Co., Ltd. (Head office: Chuo-ku, Tokyo; President & CEO: Takaaki Harada; hereinafter “mtesNN”), an IoT technology developer, increasing its stake. TOPPAN FORMS will make mtesNN an affiliate of the Company under the equity method with this capital increase.
TOPPAN FORMS entered into a capital and business partnership with MTES Co., Ltd. (currently mtes Neural Networks Co., Ltd.) in October 2017 with the aim to expand the IoT business.
Meanwhile, TOPPAN FORMS has been reinforcing a structure for the expansion of IT innovation, including the development of highly scalable IoT solutions and the deployment of Structural Health Monitoring, Energy Management System by combining mtesNN’s security or robust connections, which is the largest link (area coverage), LoRa*2, a wireless communication method that excels in data volume, with TOPPAN FORMS’ highly functional and high-quality RFID technology.
This capital increase aims to further maintain close business collaborations between both companies. The two companies will accelerate business promotion including harnessing edge computing technology toward the development of highly value-added IoT solutions.
- *1 “DigitalHybrid” is a registered trademark of TOPPAN FORMS CO., LTD.
- *2 “LoRa” is a type of Low Power Wide Area (LPWA) communication standard that covers a wide range with lower power consumption and mainly utilizes the 920MHz band in Japan.
- ■mtes Neural NetworksCo., Ltd.
- mtes Neural Networks Co., Ltd. promotes the development of IoT devices utilizing LoRa, a wireless communication standard and develops its own security and robust connection technology. mtesNN has a record of delivering monitoring systems to nursing homes for the elderly or energy management systems to commercial facilities utilizing these technologies. mtesNN also promotes open innovation, having concluded a basic business alliance agreement with four overseas companies on IoT or AI related technologies in 2018 to gain new technologies.
- Company name
mtes Neural Networks Co., Ltd.
Takaaki Harada President & CEO
- Head office location
MIYAMA Building 8F, 8-2 Shintomi 1-chome, Chuo-ku, Tokyo
- Business description
IoT platform business
EHM (Energy Health Monitoring) Business
HHM (Human Health Monitoring) Business
SHM (Structure Health Monitoring) Business
- Company name