News Release October 6, 2011

Nichicon and Samsung SDI Enter into Exclusive Supply and
Purchase Agreement for Lithium-Ion Batteries for
Household Energy Storage Systems in Japan

NICHICON CORPORATION
Ippei Takeda, Chairman & CEO
Stock exchange code: 6996 (First section of Tokyo Stock Exchange and Osaka Securities Exchange)
Inquiries: Hitoshi Chikano, IR Manager, Director and Senior Operating Officer, Investor Relation Office
Phone: 81-75-231-8461
 

Nichicon Corporation has signed an agreement with major battery manufacturer Samsung SDI Co., Ltd. (Yongin, Korea) to procure lithium-ion batteries for household energy storage systems to be sold in Japan. The exclusive supply and purchase agreement is aimed at hastening development of Nichicon’s household energy systems.

 

Nichicon’s management philosophy is to contribute to a bright future society by creating valuable products that help protrect the environment. To expand its environment-related business, the company has launched the Nichicon Energy Control System Technology (NECST) Project under the direct control of the Chairman and President. Besides providing in-vehicle chargers for Japanese mass-produced electric vehicles (EVs) of Nissan Motor Company and Mitsubishi Motors Corporation, Nichicon has made EV rapid charging stations with solar power generation and power storage functions for the Kyoto and Osaka prefectural governments. And it has recently developed and begun selling an ultra-compact rapid charger. It is the smallest and lightest of its kind in the world and it operates on the CHAdeMO standard for quick charging of EVs.

 

The Great East Japan Earthquake of March 2011 hastened the demand for household energy storage systems and Nichicon is responding by making use of its environmental technologies to develop household energy storage systems.

 

Nichicon’s household energy storage systems offer customers three benefits:

1. By incorporating renewable solar power, the systems contribute to energy self-sufficiency, offer reduced CO2 emissions, and maximize the amount of power that can be sold to the electric utility.

2. Users get peace-of-mind knowing they have back-up power in case of a blackout or other emergency.

3. Electricity bills will be lower since the systems can store cheap nighttime electricity for use in the daytime.

 

There is also a benefit to the electric utility. These systems contribute to the reduction of peak load during the daytime and they help the utility meet users’ electricity demand.

 

Because lithium-ion batteries are crucial to the performance of these energy storage systems, Nichicon has decided to enter into this exclusive supply and purchase agreement with Samsung SDI, one of the world’s largest battery manufacturers.

 

With Samsung SDI as the sole supplier of lithium-ion batteries for household energy storage systems to be sold by Nichicon in Japan, the two companies are cooperating to create and expand the market in Japan, which is expected to become the world’s first full-fledged market for energy storage systems.

One of the leaders in its field, Samsung SDI’s quality and supply capacity are second to none. Already a major provider to the world’s PC and mobile phone manufacturers, Samsung SDI now aims to become a leading supplier of EV and hybrid vehicle (HV) products to automobile manufacturers.

 
Overview of Nichicon Corporations
Head Office : Karasumadori Oike-agaru, Nakagyo-ku, Kyoto, 604-0845 Japan
Representative : Ippei Takeda, Chairman & CEO
Established : August 1, 1950
Capital stock : 14,286 million yen (As of March 31, 2011)
Employees : 8,219 (As of March 31, 2011; consolidated)
Product lines : Manufacture and sale of: Capacitors for electronics, electric apparatus, and power utilities; function modules; positive thermistors; switching power supplies; capacitor applied system and equipment
Net sales : 105,914 million yen (Fiscal 2010; consolidated)
 
Overview of Samsung SDI Co., Ltd
Head Office : Gongse-dong Giheung-gu, Yongin, Kyunggi-do, Korea
Representative : Sang Jin Park, CEO
Established : January 20, 1970
Capital stock : 240,600 million won (As of December 31, 2010)
Employees : 6,941 (As of December 31, 2010; consolidated)
Product lines : Manufacture and sale of: Lithium-ion batteries, plasma display panels, solar cell batteries
Net sales : 51,243 hundred million wons (Fiscal 2010; consolidated)
Nichicon Ippei Takeda, Chairman &  CEO<Left> / Samsung SDI Sang Jin Park, CEO <Right>

Nichicon  Ippei Takeda, Chairman & CEO <Left> / Samsung SDI  Sang Jin Park, CEO <Right>

[End of document]
 
Top of page