TOKYO: Robot porters and wearable translation devices are just some of the innovations Panasonic Corp would like to launch for the 2020 Tokyo Olympics, an event it hopes will earn it at least US$1.5bil (RM4.81bil). As one of the top sponsors of the Games since 1988, Panasonic has mainly supplied TV screens to host venues. But with the event coming home, Panasonic sees the Olympics-related technology and infrastructure contracts up for grabs as an opportunity to expand its other businesses as it seeks to reduce its reliance on the highly competitive consumer electronics segment.
Panasonic Factory Solutions Asia Pacific (Panasonic) announced today its pilot commercial supply of locally-harvested vegetables to Japanese restaurant, Ootoya. The premium Japanese crop varieties, mini red radish; red leafy lettuce; and mizuna (potherb mustard) are cultivated in the country’s first licensed indoor vegetable farm with controlled and optimised conditions. In land scarce Singapore where only 8% of vegetables consumed are grown in local farms*, Panasonic aims to contribute to the Agri-Food and Veterinary Authority’s (AVA) vision of raising self-sufficiency level for leafy vegetables through its technology and harvest.
Panasonic Corp will initially invest around 20-30 billion Yen ($200-300 million) in Tesla Motors for producing lithium-ion battery used in electric vehicles.Tesla Motors is a US based electric car manufacturer and Japan’s Panasonic has been supplying batteries for the electric car maker for years.
Panasonic has sent out invites to media for an event on July 30, hinting that it will launch Eluga range of smartphones in India. So far, the company has offered its P and T range of Android smartphones, but the Eluga brand name has been associated with its flagship offerings. Last month Panasonic had teased the impeding launch of the Eluga range of smartphones. Interestingly, Panasonic has stopped making Eluga smartphones in its home country Japan so the India launch is sort of a revival for the brand.
More than a year after announcing plans to combine their struggling system chip operations, Fujitsu and Panasonicare finally launching their new merged company with the help of Japanese government money. The firms said Wednesday the state-owned Development Bank of Japan has agreed to invest up to Y20 billion ($195 million) in the new company, combined with a Y10 billion loan. Fujitsu and the DBJ will hold 40% of the voting rights in the merged entity while Panasonic will hold 20%.