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Clarion Establishes Joint Venture Company in Partnership with Chinese Software Developer

17/05/2016

In May 2016, Clarion Co., Ltd. (President and COO: Hidetoshi Kawamoto; hereinafter “Clarion”) will establish the joint venture company “Wuhan 楽庭軟件技術 Co., Ltd.” (hereinafter “楽庭軟件”) through joint investment with the Chinese software developer Wuhan KOTEI Informatics Co., Ltd. (Representative Director: Dunyao Zhu; hereinafter “KOTEI”). The new company will begin trading in June.

Clarion and KOTEI have previously built a collaborative relationship through the contracting of software development for in-vehicle equipment and other activities. Aiming to strengthen its software development system in China, attract new customers and enhance its product planning capabilities, Clarion has established 楽庭軟件 in order to respond with even greater agility not only to the needs of the Chinese and wider Asian markets, but also to those of the global market.

(1)Name Wuhan 楽庭軟件技術 Co., Ltd.
(2)Address 9F, Building E2, Optical Valley E City, No.4, Software Park Middle Road, East Lake
(3)Representative Representative (Chairman): Hirotaka Tsushima; President (CEO): Youbo Cai
(4)Date of May 2016
(5)Paid-in capital RMB 10 million
(6)Investment KOTEI: 75%; Clarion: 25%
(7)Employees 113 (at time of establishment)
(8)Business activity Software authoring;
smart device software development;
software products and solutions R&D;
development of internet communications technology for mobile

Outline of Clarion’s joint-venture partner KOTEI

(1)Company name Wuhan KOTEI Informatics Co., Ltd.
(2)Representative Dunyao Zhu
(3)Head office address 8F, Building E2, Optical Valley E City, No.4, Software Park Middle Road, East Lake Hi-Tech Development Zone, Wuhan, Hubei, CHINA
(4)Established November 2002 (as Kotei Navi and Data (Wuhan) Corporation)
(5)Net sales RMB 114 million
(6)Business activity Provision of navigation map data authoring solutions
Development and sale of navigation software
Development of hardware and software for systems combining vehicle and communications technology
Development of location-based service (LBS) systems
Operation of data centers
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