Japanese corporation Minebea takes a stake in Paradox Engineering

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20.12.2013

Minebea Co. Ltd. has joined Paradox Engineering SA as shareholder and major strategic partner. Minebea is slated to acquire 34.71% of the number of shares outstanding of PE SA as of January 9, 2014. Gianni Minetti will remain President and CEO at Paradox Engineering SA. Within the Board of Directors, Paradox Engineering and Minebea will set directions and strategies stemming from the synergy between the two Companies.

The Japanese corporation Minebea, leading producer of high-precision machinery components and electronic devices, selected Paradox Engineering (PE SA) as the perfect partner to boost its competitive edge and strengthen its presence in the promising Internet of Things and Machine-2-Machine markets by leveraging on Paradox Engineering’s leading innovation.

PE SA designs and provides its innovative M2M ("Machine to Machine" or communications with other devices of the same type) technologies as well as its wireless sensor network solutions, for such markets as the social infrastructure market including Smart City/Smart Grid, etc., which is rapidly expanding at present, Health and Usage Monitoring Systems, Home Area Networks and industrial wireless smart sensor (industrial remote and condition monitoring) markets, etc.

The network communication platform solution system designed and offered by PE SA, for instance, has been chosen as the core system for the delivery of multiple Smart City projects, exemplifying its position standing at the forefront of advanced technology. In particular, PE SA's communication platform and technologies have attracted attention worldwide and are considered as one of the best solutions, enabling to communicate bi-directionally and end to end with a wide variety of different data transmission devices through its capability of integrating various different wireless and wired communication standards into its own unique networking platform, thereby allowing the machines and devices to communicate with each other.

Minebea, in cooperation and alliance with PE SA, aims at integrating and promoting the sales of such technologies as the drivers for use in wireless street lights designed for Smart City projects, other lighting devices and associated parts and components, and measuring components to be used for urban and industrial wireless sensor networks, with the aim of ensuring the full-fledged implementation of Minebea’s "Five Arrows Strategies" so to meet and exceed their success. At the same time, with PE SA, Minebea will make the utmost effort to explore a variety of applications of wireless and networking technologies in other markets, thereby accelerating its growth strategies for the future.

About Minebea
Minebea is the world’s leading comprehensive manufacturer of high-precision components supplying to customers in IT, telecommunications, aerospace, automotive, home appliance and other industries in the global market.

Established in 1951 as Japan’s first specialized manufacturer of miniature ball bearings, Minabea today has expanded its network to all over the world with over 50’000 employees and many sites of production, R&D and sales promotion in Asia, North America and Europe.

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