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Mitsubishi Elec Corp - MIELY STOCK NEWS

Welcome to our dedicated page for Mitsubishi Elec news (Ticker: MIELY), a resource for investors and traders seeking the latest updates and insights on Mitsubishi Elec stock.

Mitsubishi Electric Corporation (MIELY) delivers cutting-edge solutions in industrial automation and cybersecurity, serving global industries through advanced control systems and embedded security innovations. This page provides centralized access to official press releases, financial updates, and strategic announcements directly from the company.

Investors and industry professionals will find timely updates on earnings reports, product launches, and partnerships. Key coverage areas include factory automation advancements, energy management solutions, and cybersecurity integrations for operational technology. All content is sourced for accuracy to support informed decision-making.

Bookmark this page to stay current with MIELY's technological milestones and market positioning. Regular updates ensure you never miss critical developments in industrial IoT security, programmable logic controller innovations, or global infrastructure projects involving Mitsubishi Electric's expertise.

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Mitsubishi Electric Corporation has announced the upcoming shipment of samples for its new LV100-type T-series 2.0kV IGBT Module aimed at industrial applications, set to begin in May. This innovative power-semiconductor product is designed to reduce size and power consumption in power-conversion equipment, particularly for renewable-energy sources. The product will be showcased at the Power Conversion Intelligent Motion (PCIM) Europe 2022 trade show in Nuremberg, Germany, from May 10 to 12. The development aligns with the increasing demand for efficient power conversion at higher system-operating voltages.

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Mitsubishi Electric Corporation has developed a new airflow-control technology aimed at optimizing room-wide comfort by visualizing and analyzing airflow from A/C systems. This technology addresses uneven temperatures and strong airflows, enhancing occupant satisfaction and building asset value. The solution will be showcased at the 55th Japanese Joint Conference on Air-conditioning and Refrigeration on April 21. The initiative responds to increased demand for healthful indoor environments, particularly due to the impacts of COVID-19.

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Mitsubishi Electric Corporation has announced its agreement to wholly acquire Motum AB, a Sweden-based elevator and automatic door company, effective March 23. This strategic acquisition aims to enhance Mitsubishi Electric's service and modernization capabilities in elevators and escalators across Sweden and Europe. Motum, the largest independent elevator firm in the Nordic region, services over 20,000 units and has a strong position in modernization. As elevators and escalators are core to Mitsubishi Electric's growth strategy, this acquisition supports business expansion in response to rising maintenance demands.

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Mitsubishi Electric Power Products, Inc. has successfully completed the acquisition of Computer Protection Technology (CPT), a leading service provider in the critical power sector based in Southern California. The financial terms remain undisclosed. This acquisition aims to enhance MEPPI's service capabilities amidst growing demand in critical power solutions due to increased digital initiatives. CPT will continue its operations as a service branch of MEPPI, leveraging synergies to create significant value for both companies' customers.

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Mitsubishi Electric has appointed John Campion as the new General Manager of its Critical Power Solutions Division (CPSD), effective April 1, 2022. This division was previously known as the Uninterruptible Power Supplies Division. Campion, who joined MEPPI in July 2021, has an extensive background in consulting and naval service. The CPSD aims to expand its market share in the North American hyperscale and data center sectors, emphasizing customer-centric solutions and introducing IT Cooling products to meet evolving market demands.

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Mitsubishi Electric Corporation (Tokyo:6503) announced the candidates for Directors during its Nomination Committee meeting on March 31, 2022. This follows the recent discovery of improper quality control practices, prompting a company-wide investigation by an external Investigative Committee. All current Director and Executive Officer candidates are tentative, pending the outcomes of the ongoing investigations and assessments on internal control and governance systems. The company plans to review and finalize Director candidates based on the investigation's findings.

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Mitsubishi Electric Corporation will open the "Collaborative Engineering Center" in China on April 1. This facility aims to enhance factory automation application development tailored to the local market. The center will address the rising demand in various industries, including automotive and logistics, by providing customized automation solutions. This initiative is expected to bolster Mitsubishi Electric's factory automation business in China and improve customer satisfaction through rapid and flexible responses to diverse needs.

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Mitsubishi Electric Corporation (TOKYO:6503) has introduced an advanced AI technology that enhances the identification and tracking of individuals using multiple surveillance cameras. This technology reduces reidentification time to one-tenth of existing methods through proprietary compression technology that filters out extraneous data. The new AI will be incorporated into Mitsubishi Electric's Maisart® product line and aims to improve security systems for tracking suspicious persons and lost children, as well as for analyzing customer flow.

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Mitsubishi Electric Corporation is set to launch the MELSOFT Gemini 3D simulator on April 28, aimed at enhancing the design and construction of production facilities. This innovative tool will utilize digital space to visualize and simulate manufacturing processes, addressing challenges posed by pandemic-related restrictions on human mobility. The simulation software is expected to streamline workflows from facility design to maintenance, meeting the growing demand for digital transformation in manufacturing.

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Mitsubishi Electric Corporation has announced plans to establish a new production site in Owariasahi City, Japan, acquiring 42,000 square meters of land. The facility will focus on manufacturing factory automation control systems starting from April 2025. The company is investing approximately 13 billion yen (around 110 million USD) to meet growing demand in sectors like semiconductors and lithium-ion batteries. Advanced technologies, including 5G communication, will be integrated for efficient production and data management.

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Mitsubishi Elec Corp

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41.17B
1.04B
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