KENWOOD and SOTEC Form a Partnership
Working together to create exciting new opportunities in the IT industry
(President: Kaku Sakaida; Headquarters: Tokyo, Japan)
(President: Soichi Obe; Headquarters: Yokohama, Japan)
June 21, 2000 -- Progressive and dynamic, these two companies have entered into a partnership to develop new products that will promote further growth in the rapidly expanding IT industry.
Under the terms of the contract, KENWOOD and SOTEC will develop a mutually supportive partnership while focusing independently on their primary business operations. Both companies will make use of their resources to plan and develop innovative audio, communications, and personal computer products that will help to expand the existing market within the IT industry.
2. Partnership Objectives
Moving beyond their respective fields of audio products and personal computers, both KENWOOD and SOTEC will cooperate in developing new technologies, products and marketing techniques. This synergic relationship will help to strengthen both companies, making them more productive and ensure success in the creation of new IT markets.
3. Advantages for KENWOOD
As a leading manufacturer of home and car audio components, car navigation systems, mobile phones, and communications systems, KENWOOD is boundless in its exploration of the information technology era. With its newly developed digital products, KENWOOD readily accommodates today's PC-oriented lifestyles to satisfy users around the world.
4. Advantages for SOTEC
A primary reason for SOTEC's success is its global alliance with top-flight manufacturers in Japan, Korea, Taiwan, and the US. As an independent manufacturer of personal computers, SOTEC believes that this new partnership with KENWOOD will be an important step in expanding its business operations.
Updated 00/07/04 (C) 2001 Kenwood Corporation