Press Releases

TOPPAN FORMS Increases Capital of mtesNN
Accelerating expansion of the IT innovation business

June 29, 2018

DigitalHybrid*1 Company TOPPAN FORMS CO., LTD. (hereinafter “TOPPAN FORMS”) is pleased to announce that it will undertake 100% of the third-party allocation of new shares issued by mtes Neural Networks Co., Ltd. (Head office: Chuo-ku, Tokyo; President & CEO: Takaaki Harada; hereinafter “mtesNN”), an IoT technology developer, increasing its stake. TOPPAN FORMS will make mtesNN an affiliate of the Company under the equity method with this capital increase.

TOPPAN FORMS entered into a capital and business partnership with MTES Co., Ltd. (currently mtes Neural Networks Co., Ltd.) in October 2017 with the aim to expand the IoT business.
Meanwhile, TOPPAN FORMS has been reinforcing a structure for the expansion of IT innovation, including the development of highly scalable IoT solutions and the deployment of Structural Health Monitoring, Energy Management System by combining mtesNN’s security or robust connections, which is the largest link (area coverage), LoRa*2, a wireless communication method that excels in data volume, with TOPPAN FORMS’ highly functional and high-quality RFID technology.
This capital increase aims to further maintain close business collaborations between both companies. The two companies will accelerate business promotion including harnessing edge computing technology toward the development of highly value-added IoT solutions.

End.

  • *1 “DigitalHybrid” is a registered trademark of TOPPAN FORMS CO., LTD.
  • *2 “LoRa” is a type of Low Power Wide Area (LPWA) communication standard that covers a wide range with lower power consumption and mainly utilizes the 920MHz band in Japan.

Reference Information

■mtes Neural NetworksCo., Ltd.
mtes Neural Networks Co., Ltd. promotes the development of IoT devices utilizing LoRa, a wireless communication standard and develops its own security and robust connection technology. mtesNN has a record of delivering monitoring systems to nursing homes for the elderly or energy management systems to commercial facilities utilizing these technologies. mtesNN also promotes open innovation, having concluded a basic business alliance agreement with four overseas companies on IoT or AI related technologies in 2018 to gain new technologies.
  
      
  • ・Corporate Information
  • Company name
    mtes Neural Networks Co., Ltd.
  • Representative
    Takaaki Harada President & CEO
  • Founded
    March 2015
  • Capital
    290,575,000 yen
  • Head office location
    MIYAMA Building 8F, 8-2 Shintomi 1-chome, Chuo-ku, Tokyo
  • Business description
    IoT platform business
    EHM (Energy Health Monitoring) Business
    HHM (Human Health Monitoring) Business
    SHM (Structure Health Monitoring) Business
  • URL
    https://www.mtesnn.jp/
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TOPPAN FORMS CO., LTD.
1-7-3 Higashi Shimbashi, Minato-ku, Tokyo 105-8311, JAPAN
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