MITSUBISHI ELEC UNSP/ADR - MIELY STOCK NEWS

Mitsubishi Electric and BlackBerry collaborate to power the new automotive in-cabin system, Mitsubishi Electric FLEXConnect™, with BlackBerry IVY®. The collaboration aims to improve road safety and enhance consumer experiences by leveraging sensor data and edge intelligence. Mitsubishi Electric FLEXConnect™ establishes a new cabin experience standard with advanced safety features and intuitive interface.

Mitsubishi Electric Corporation announced the shipment of samples for its new HV100 dual-type X-Series high-voltage insulated gate bipolar transistor (HVIGBT) module starting May 31. This innovative module is designed for inverter systems in large industrial equipment, achieving 4.5kV withstand voltage and 10.2kVrms dielectric strength, with a rating of 450A, claimed to be unparalleled among 4.5kV silicon HVIGBT modules.

The product aims to enhance efficiency and reliability in applications such as railways and electric power systems, contributing to a reduction in carbon footprints in heavy industry. The module follows the release of two previous versions (3.3kV/450A and 3.3kV/600A) in 2021, indicating a focused approach towards high-output and high-efficiency solutions.

Mitsubishi Electric Corporation (Tokyo: 6503) announced a major restructuring of its automotive-equipment business to enhance operational efficiency and profitability in response to rapid industry changes. The decision, made during the Executive Officers' Meeting, includes plans to spin off the automotive segment and collaborate with strong partners in high-potential areas such as electrification and advanced driver-assistance systems (ADAS). The restructuring aims to leverage Mitsubishi Electric's advanced technologies and focus on cost reduction and efficiency in competitive fields like electric power-steering systems. This strategic realignment is expected to position the automotive business for stronger growth moving forward.

Mitsubishi Electric Corporation has unveiled a groundbreaking Driver Monitoring System (DMS) technology designed to enhance automobile safety by detecting critical health conditions in drivers. This innovative system leverages contactless cameras and proprietary AI to estimate biometric data such as pulse rate and blood pressure, aiming to prevent accidents caused by sudden medical emergencies like loss of consciousness. In Japan, leading medical causes of fatal car accidents include heart disease, epilepsy, and cerebrovascular conditions. Traditional DMS cameras typically fail to account for drivers who remain upright while incapacitated, highlighting the need for this advanced detection method. By monitoring biometric changes, Mitsubishi Electric's technology seeks to significantly reduce traffic fatalities linked to medical emergencies.

Mitsubishi Electric Corporation announced a donation of 500 air conditioners to Turkey's Ministry of Interior Disaster and Emergency Management Presidency (AFAD) in response to the February 6 earthquake. The donation, valued at approximately 32 million yen, aims to support temporary shelters in southern Turkey. With this contribution, the total support from the Mitsubishi Electric group to earthquake-affected areas rises to around 55 million yen. In addition to the air conditioners, local subsidiaries have provided water, food, and other essentials. The company has also implemented a matching gift program to double employee donations to social welfare organizations.

Mitsubishi Electric Corporation has been recognized as a 2022 Supplier Engagement Leader by CDP for its supply chain environmental efforts, marking its third consecutive year achieving this status. This accolade is awarded to the top 8% of companies evaluated in the Supplier Engagement Rating program, which assesses how businesses collaborate with suppliers to tackle climate change. The recognition highlights Mitsubishi Electric's commitment to reducing greenhouse gas emissions and minimizing climate-change risks throughout its supply chain. As part of its Environmental Sustainability Vision 2050, the company aims to achieve net-zero CO2 emissions by 2050 through various initiatives. Mitsubishi Electric's focus lies in enhancing environmental impact reduction strategies across its global value chains.

Mitsubishi Electric Corporation (Tokyo: 6503) has announced the election of director candidates during a Nomination Committee meeting held on March 30, 2023. The candidates will be proposed for election at the Ordinary General Meeting of Shareholders scheduled for June 2023. Notable candidates include current directors Mitoji Yabunaka and Kei Uruma, alongside new candidates Masako Egawa and Haruka Matsuyama, who bring diverse expertise from various sectors. The election aims to strengthen corporate governance and support strategic growth initiatives.