MITSUBISHI ELEC UNSP/ADR - MIELY STOCK NEWS

Mitsubishi Electric announced its participation at CES 2022 in Las Vegas from January 5 to 8, unveiling its Smart Society concept aimed at promoting sustainability and addressing social issues through advanced technologies. The exhibit will showcase integrated solutions across four key areas: Life, Industry, Infrastructure, and Mobility. Attendees can participate in events featuring industry experts discussing sustainable technology and corporate responsibility. The company aims to present its vision for a prosperous future while engaging visitors with its core technologies.

Mitsubishi Electric Corporation has unveiled the EMIRAI xS Drive, a concept car that integrates advanced driver-monitoring technologies. These include near-infrared cameras and radio-wave sensors that assess driver well-being, detecting conditions like drowsiness or sickness through facial expressions and vital signs. Additionally, the car features an Advanced Driver Assistance System (ADAS) for adaptive headlight control to enhance safety. The EMIRAI xS Drive will be showcased at CES 2022 from January 5 to 8 in Las Vegas.

Mitsubishi Electric has announced its establishment of an AI Ethics Policy focusing on the development and use of AI technologies that prioritize human safety and security. This move aligns with the company's objective to contribute to a sustainable society through technological innovation, as it celebrates its 100th anniversary. The policy emphasizes human-centered AI and aims to engage stakeholders about its ethical framework. Mitsubishi Electric has also declared five material challenges, reinforcing its commitment to a safe and secure environment.

Mitsubishi Electric Corporation has announced an investment of approximately 18 million USD to enhance production capacity at its air-conditioner compressor base, Siam Compressor Industry Co., Ltd, in Thailand. This investment aims to expand annual production of scroll compressors to 870,000 units from 745,000 units, starting from October 2022. The factory will implement new environmental measures to reduce CO₂ emissions. This expansion targets increasing demand in the U.S. and European markets due to a shift towards air-to-water heat pumps and growing air conditioner needs.

Mitsubishi Electric Corporation and RIKEN have developed a groundbreaking AI technology aimed at clarifying the rationale behind AI-based control systems. This advancement allows for more confident deployment of AI in infrastructure and various equipment. The technology will be included in Mitsubishi Electric's Maisart® lineup, enhancing control precision by utilizing simulations to predict environmental changes without extensive sensor usage. This innovation seeks to eliminate the 'black box' nature of AI, improving operational transparency and decision-making for managers.

Mitsubishi Electric Corporation has been awarded the highest 'A List' ranking for climate-change activities by the nonprofit CDP, recognizing its environmental initiatives and transparency in reporting. This marks the fifth consecutive year the company has received this accolade. Mitsubishi Electric's Environmental Sustainability Vision 2050 aims to mitigate environmental impacts through energy-saving technologies and infrastructure, promoting decarbonization and sustainability.

Mitsubishi Electric Corporation (TSE: 6503) has announced its decision to apply for listing on the new Prime Market of the Tokyo Stock Exchange, following board approval. The TSE notified the company on July 9 that it meets the requirements for this listing, which is part of the TSE's transition to new market segments set to take effect next April. Mitsubishi Electric has a long-standing reputation, boasting 100 years of experience and reported a revenue of 4,191.4 billion yen (approximately $37.8 billion) in the fiscal year ended March 31, 2021.

Mitsubishi Electric Corporation (TOKYO:6503) and the National Institute of Advanced Industrial Science and Technology (AIST) have unveiled a new AI technology aimed at enhancing automated manufacturing processes. This innovation enables real-time adjustments in factory-automation (FA) equipment, improving operational efficiency. The AI predicts changes and adjusts parameters like motion speeds, significantly reducing manual intervention. This technology is expected to provide stable and productive operations, particularly useful in agile manufacturing environments.