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NEC space sector venture changes name to NEC Space Technologies

*** For immediate use May 15, 2015

Tokyo, May 15, 2015 - NEC Corporation (NEC; TSE: 6701) today announced that NEC TOSHIBA Space Systems Ltd., which handles the design, assembly and testing of sensors and other on-board equipment for satellites and rockets as part of NEC's space business, has changed its name to NEC Space Technologies Ltd. (*1).

As one of its core businesses, NEC provides "space solutions" that cover everything from satellite systems and terrestrial satellite operation and control systems, to systems for utilizing satellite data.

NEC has managed the integration of 69 satellites, dating back to Japan's first satellite Osumi (launched in 1970). Others include Hayabusa, the asteroid explorer that successfully returned samples from the asteroid Itokawa, and its successor Hayabusa 2, which was launched in December last year.

In addition to its compact satellite assembly plant operating out of Sagamihara (Kanagawa prefecture), NEC also operates a Satellite Integration Center at its premises in Fuchu (Tokyo). It is planning to establish an integrated in-house production system for its NEXTAR Series (*2) of standard satellite systems and to develop satellite infrastructure in areas such as environmental monitoring, disaster monitoring and positioning. NEC also intends to actively target demand for satellites in countries new to space exploration in Asia and other parts of the world, with the aim of establishing a ¥100 billion space-related business by fiscal 2020.



*1) NEC Press Release: February 27, 2015
NEC acquires shares in space sector joint venture

*2) NEXTAR: NEC Next Generation Star
NEC's standard satellite system NEXTAR provides world-class remote sensing capabilities at a low cost, in a short time and with high reliability.

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