With an aims to expand radar-based security solutions business, Toshiba Infrastructure Systems & Solutions Corporation, a Toshiba Group company has announced a strategic business alliance with Fortem Technologies, Inc. and also invested USD 15 million in the company.
- Fortem is a technology leader in counter-drone security and Toshiba, through the alliance, aims to expand its radar-based security solutions business.
- The alliance will integrate Toshiba and Fortems highly complementary systems to realize more effective, multi-layered counter-drone solutions and services, and expand sales in Japan and the US.
The prominent partnerships and deals by Toshiba are mentioned below:
June 2020: Toshiba JSW Power System Pvt. Ltd. (TJPS) is a joint venture between Toshiba Corporation, Japan (Toshiba) and JSW Group, India (JSW) had pledged USD 752,000 to the Uttar Pradesh government in India to support the fight against COVID-19.
June 2020: Toshiba Corporation and its group companies and Hitachi, Ltd. and its group companies, joined in the establishment of Asahikawa Factory to start its operation early. Fujirebio Inc., a wholly-owned subsidiary of Miraca Holdings Inc., to establish a new production base Fujirebio Asahikawa Factory in Asahikawa City, Hokkaido, for the ESPLINE® series rapid diagnostic kit.
May 2020: SBS Holdings, Inc and Toshiba Corporation had signed a share purchase agreement for the transfer to SBSHD of 66.6% of Toshibas holding in Toshiba Logistics Corporation, Toshibas consolidated subsidiary in the logistics services business. The companies expect to complete necessary procedures and close the transaction in October 2020.
April 2020: Toshiba Energy Systems & Solutions Corporation had received an order for two units of an approximately 14 MW hydro turbines and a control system from the Toyota Tsusho Corporation, the main contractor in a project to rehabilitate the Sedawgyi Hydropower Plant being undertaken by the Myanmar Ministry of Electricity and Energy-affiliated Electric Power Generation Enterprise.
About Toshiba Corporation
Toshiba Corporation is global company headquartered in Tokyo, Japan. Toshiba Corporation is one of Japan’s oldest and largest producers of consumer and industrial electric and electronic products. The company has a workforce of nearly 200,000 in 30 countries around the globe. The company also provides services in information technology, communications equipment, industrial motors, electric power equipment and home appliances.