MITSUBISHI ELEC UNSP/ADR - MIELY STOCK NEWS

Mitsubishi Electric (Tokyo:6503) announced its U.S. subsidiary, Mitsubishi Electric Power Products, Inc. (MEPPI), has secured a contract with Holtec International. The contract focuses on accelerating the design of digital instrumentation and control systems for Holtec's SMR-160 small modular reactor, known for enhanced safety and natural cooling capabilities. Mitsubishi and Holtec initially began developing these designs in 2016, with Holtec targeting a construction license by 2025 and considering a demonstration reactor deployment.

Mitsubishi Electric Corporation has unveiled an innovative AI technology to enhance demand forecasting for repair parts, leveraging its Maisart® AI system. This development aims to rectify over/under-supply issues by improving inventory management and service quality. The new forecasting method shows a remarkable average accuracy improvement of 25.6% over existing models by analyzing specific demand trends for various parts. This advancement is expected to significantly boost operational efficiency and customer satisfaction.

Mitsubishi Electric Corporation (Tokyo:6503) has officially joined the Responsible Business Alliance (RBA), a non-profit organization focused on improving corporate social responsibility in global supply chains. The RBA aims to support the rights and well-being of workers and communities worldwide. Mitsubishi Electric is committed to aligning its operations with the RBA Code of Conduct, promoting sustainability and encouraging its suppliers to follow suit. This initiative aligns with Mitsubishi Electric's vision of integrating sustainability into its corporate management.

Mitsubishi Electric Corporation (Tokyo: 6503) has completed a stock repurchase following the approval from its board of directors on June 3, 2023. This initiative was conducted in accordance with Article 459, paragraph 1 of the Companies Act and Article 31 of the company’s articles of incorporation. The repurchase is expected to enhance shareholder value, reflecting the company's commitment to return capital to its investors.

Mitsubishi Electric Corporation has announced the shipment of samples for its new 50Gbps DFB laser diode, tailored for 5G mobile base stations, starting March 4. This diode supports high-speed data transmission using PAM4 format, with an impressive operating temperature range of -40°C to 90°C, reducing the need for temperature control units. The product complies with TO-56 CAN standards for compact optical transceiver packages and will be showcased at the Optical Fiber Communication Conference from March 8 to 10 in San Diego.

Mitsubishi Electric Corporation has developed a teaching-less robot system capable of performing tasks, such as sorting and arrangement, at human speed without needing expert instruction. Utilizing its Maisart AI technologies, this system features high-precision speech recognition for simple task initiation and fine-tuning. It targets facilities like food-processing plants where frequent product changes present challenges for robotic deployment. Mitsubishi Electric aims for commercialization in or after 2023 following enhancements and verifications.

Mitsubishi Electric Corporation has announced the acquisition of Computer Protection Technology, Inc. (CPT) to enhance its uninterruptible power supply (UPS) business in North America. This strategic move aims to capitalize on the growing demand for UPS solutions driven by the rising popularity of cloud services and data centers. The acquisition is expected to bolster Mitsubishi's service capabilities, allowing for comprehensive one-stop services from installation to maintenance for UPS systems.

Mitsubishi Electric Corporation has announced the release of two models of the AZ600 wire-laser metal 3D printer on March 1. This innovative technology combines laser melting of welding wire with 5-axis spatial control, providing stable and high-quality 3D printing. The printers aim to reduce energy consumption and waste, contributing to a more sustainable manufacturing process. Additionally, a new contract printing service will facilitate adoption of additive manufacturing, offering design consultation and prototyping services.

Mitsubishi Electric Corporation has secured a $62.65 million contract to supply communications-based train control (CBTC) wayside equipment for the Queens Boulevard Line in New York City. This contract marks the company's first CBTC project outside of Japan and establishes Mitsubishi Electric as the Metropolitan Transportation Authority's (MTA) first non-European supplier. The new signaling system aims to enhance train traffic management, reduce delays, and improve passenger safety and convenience, with commercial operations expected to begin in 2026.