Tokyo, June 4, 2014 - Fuji Electric Co., Ltd. (TSE:6504) ("FE"), headquartered in Tokyo, Japan and led by President, Michihiro Kitazawa, is pleased to announce that it has agreed on collaborative activities with Zhejiang University (located in Hangzhou City, Zhejiang Province, China) for developing new businesses in the Chinese market as described below.
1. Purpose of Collaboration
FE and Zhejiang University started joint research in April 2004, which was followed by the establishment of the Zhejiang University and Fuji R&D Center in 2006 and the Zhejiang University - Fuji Electric Innovation Center, an augmented form of the R&D Center, in 2010. Through these institutions, we have worked on research and development based on industrial and academic collaboration between Japan and China, engineering verifications for commercialization and development of collaborative partners.
2. Outline of the Cooperation Center
[About Zhejiang University]
Zhejiang University is among the largest universities in China and located in Hangzhou City, the capital of the Zhejiang Province, China. It is one of the oldest national universities in China and was first founded as Qiushi Academy in 1897 and officially renamed Zhejiang University in 1928. In 1988, four universities in Hangzhou City (former Zhejiang University, Hangzhou University, Zhejiang Agricultural University and Zhejiang Medical University) amalgamated into a national key university with many departments.