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2019.10.03 Announcements
LEADING-EDGE AI TECHNOLOGY DEVELOPMENT COMPANY ARAYA AND SUMITOMO SHOJI MACHINEX FORM CAPITAL AND BUSINESS ALLIANCE TO ENTER FULL-SCALE AI-BASED SOLUTIONS FOR MANUFACTURING INDUSTRY ISSUES - JOINTLY DEVELOPING AND PROPOSING AI-BASED DIGITALIZATION SOLUTIONS, FOCUSING ON THE MANUFACTURING INDUSTRY
(LOCATION: MINATO-KU, TOKYO; CEO: RYOTA KANAI; HEREINAFTER REFERRED TO AS "ARAYA"), A COMPANY ENGAGED IN THE DEVELOPMENT OF AI (ARTIFICIAL INTELLIGENCE) TECHNOLOGIES AND THE PROVISION OF SOLUTIONS, HAS ENTERED INTO A CAPITAL AND BUSINESS ALLIANCE AGREEMENT WITH SUMITOMO SHOJI MACHINEX CO. LTD.
THE TWO COMPANIES HAVE BEEN WORKING TOGETHER TO PROVIDE JOINT SOLUTIONS TO THE MANUFACTURING INDUSTRY, AND THIS CAPITAL AND BUSINESS ALLIANCE IS A FURTHER STRENGTHENING OF THAT RELATIONSHIP. GOING FORWARD, THE TWO COMPANIES WILL CONTINUE TO JOINTLY DEVELOP AND PROPOSE AI-BASED SOLUTIONS AND PRODUCTS, WITH A FOCUS ON THE MANUFACTURING INDUSTRY.