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Toshiba Reinforces IoT Business with the Launch of SPINEX

Press Release   •   Nov 01, 2016 10:00 GMT

-Seeking to double Toshiba Group Internet of Things sales by 2020-

TOKYO—Toshiba Corporation (TOKYO: 6502) today announced the launch of SPINEX, a new Internet of Things (IoT) architecture that it will apply to its main business domains in social infrastructure, energy and storage business, and to the reinforcement of its presence in the high growth IoT market. The company aims to expand Toshiba Group’s IoT related sales to 200 billion Japanese yen (approx. 2 billion US dollar) by 2020, double current sales.

The SPINEX architecture brings together and merges know-how the company has built up in industrial businesses over the long term and it has three main components. Edge Computingthat uses edge gateways and embedded technologies to connect business premises with the cloud; Digital Twinthat digitally reproduces the actual operating status of manufacturing equipment in real time, and that monitors operation and recommends required action; and Media Intelligence which integrates image and voice recognition technologies.

“Toshiba is aiming to connect machines and truly enhance our customers business,” said Hironobu Nishikori, Company President of Toshiba’s Industrial ICT Solutions Company. “It is important that IoT solutions understand human intent, and SPINEX does that by utilizing Toshiba’s many years of experience in the infrastructure sector. With the launch of SPINEX as a new IoT architecture we aim to take our IoT-related business to the 200 billion yen level by 2020.”

SPINEX was introduced in the keynote speech, “Opening Up the Digital Age Through Toshiba's Concentrated Power and Joint Development,” given by Mr. Nishikori at Toshiba’s OPEN INNOVATION FAIR held on November 1 and 2 in Tokyo, Japan.

About Toshiba

Toshiba Corporation, a Fortune Global 500 company, channels world-class capabilities in advanced electronic and electrical product and systems into three focus business fields: Energy that sustains everyday life, that is cleaner and safer; Infrastructure that sustains quality of life; and Storage that sustains the advanced information society. Guided by the principles of The Basic Commitment of the Toshiba Group, “Committed to People, Committed to the Future”, Toshiba promotes global operations and is contributing to the realization of a world where generations to come can live better lives.

Founded in Tokyo in 1875, today’s Toshiba is at the heart of a global network of 551 consolidated companies employing 188,000 people worldwide, with annual sales surpassing 5.6 trillion yen (US$50 billion). (As of March 31, 2016.)

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