Topics: Technology, general

2 August 2023 02:55

Nidec Completes Acquisition of Automatic Feed Company and Related 2 Companies, US-based Press Machine Equipment Manufacturers

Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) today announced that the Company has acquired full ownership of Automatic Feed Company, Lasercoil Technologies LLC, and Automatic Leasing Company, privately- owned US companies (collectively the “Target”), from its founding family on August 1, 2023 (the “Transaction”). As a result of the Transaction, the Target became a consol

26 July 2023 22:13

Powerdrive MD Smart: the connected variable speed drive solution for high power process applications

Thanks to a strong experience resulting from close partnerships with end-users and OEMs, Nidec Leroy-Somer is offering Powerdrive MD Smart, an all-inclusive ready-to-use drive in line with the expectations of the major players in the process market segment. Compact and robust, this 100%-connected new generation drive includes all equipment needed for protecting, controlling, interfacing and runnin

20 July 2023 03:28

Nidec Announces Financial Results for Fiscal First Quarter Ended June 30, 2023

KYOTO, Japan--Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) today announced its consolidated results under the International Financial Reporting Standards (“IFRS”) for the three-month period ended June 30, 2023.
The highlights are as follows:
Net sales increased 4.8% Y/Y to ¥566.1 billion. Operating profit increased 34.7% Y/Y to ¥60.2 billion, marking a record high on a quarterly basis. P

6 July 2023 09:17

The 250kW and 180kW Models of Nidec’s E-Axle Traction Motor System are Officially Adopted for the Car to Commemorate GAC New Energy Automobile’s Production of 20 Millionth Vehicle

Nidec Corporation (TSE: 6594) (OTC US: NJDCY) (“Nidec” or the “Company”) announced today that AION Hyper GT, each unit equipped with a Nidec-produced E-Axle model, has been selected as the vehicle for AION, the GAC Group’s EV-dedicated brand, to commemorate the production of its 20 millionth new-energy vehicle. AION made this announcement during the ceremony to mark the occasion at its factory in

4 July 2023 22:29

Nidec Completes Acquisition of Houma Armature Works, a US-based Motor and Generator Service Provider

Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) today announced that it has acquired full ownership of TAR, LLC d/b/a Houma Armature Works, a privately- owned US company (“Houma”), from its founding family, through the Company’s subsidiary, Nidec Motor Corporation (“NMC”), on July 3, 2023 (US time) (the “Transaction”). As a result of the Transaction, Houma became a consolid

27 June 2023 02:46

SoftBank Corp. and Nidec Jointly Develop Light-weight, High-efficiency and High-reliability Motor for High Altitude Platform Stations

Tokyo and Kyoto, Japan – June 27, 2023 – SoftBank Corp. (TOKYO: 9434) (“SoftBank”) today announced that it and Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (“Nidec” or the “Company”) have jointly developed a light-weight, high-efficiency, and high-reliability axial flux-type motor for High Altitude Platform Stations (“HAPS”). This newly developed motor also meets the specifications required for

27 June 2023 00:30

Nidec Machine Tool to Launch New Cutting Tool Factory in India to Meet Growing Demand for Automotive and Related Components by Increasing Production Capacity by 1.5 Times

Nidec Machine Tool Corporation (“Nidec Machine Tool” or the “Company”), a group company of Nidec Corporation, today announced that it will construct a new factory for Nidec India Precision Tools Ltd. (“NMTI”), the Company’s cutting tool manufacturer and seller in Ranipet of India’s Tamil Nadu State, to start production on Saturday, July 01. The new factory, with its production capacity 1.5 times

26 June 2023 22:29

Nidec Develops Proof of Concept (PoC) for Digital Twin-type Intelligent Motor®

Nidec Corporation (TSE: 6594; OTC US: NJDCY) (“Nidec” or the “Company”) today announced that it has developed a proof of concept (PoC)*3 to realize an “Intelligent Motor® solution,” a system that the Company defined to adapt (i) Intelligent Motors®*1, which are equipped with microcomputers and data coupling and time synchronization functions, and (ii) products with an Intelligent Motor®, to digita

22 June 2023 05:32

Digistart D4-D5, the new generation of electronic controllers for fixed speed applications

The Nidec Leroy-Somer Digistart soft starter has been upgraded and brings fresh features with the D4 and D5 ranges. The new series are designed to better meet the productivity needs of fixed-speed equipment, and incorporate the latest control and protection technologies as well as embedded intelligence functions. The new starters not only start and stop the machines accurately and efficiently, the

22 June 2023 05:17

CONTROL TECHNIQUES PROMOTES TECHNOLOGICAL SUSTAINABILITY BY TAKING PART IN THE 3BEE “ADOPT A HIVE” PROJECT

As part of its 50th anniversary celebrations, Control Techniques Italy have decided to focus their attention on issues of sustainability and circularity, by supporting an initiative that blends technology, innovation, and commitment to the environment.
Control Techniques, a part of the Nidec group, who are leaders in the design, development, and manufacture of high-performance and highly effic

17 June 2023 16:00

Nidec and Embraer announce joint venture agreement to develop Electric Propulsion System for emerging aerospace industry

Kyoto, Japan – June 18th, 2023 – Japan’s Nidec Corporation (TSE: 6594; OTC US: NJDCY) and Brazil’s Embraer (B3: EMBR3, NYSE: ERJ) today announced an agreement to establish a joint venture company, called Nidec Aerospace LLC (hereunder “JV”), to develop Electric Propulsion Systems for the aerospace sector. The transaction combines the complementary synergies and distinct areas of expertise of two w

9 June 2023 02:52

Nidec Develops New Electric Power Steering Motor Power Pack

Nidec Corporation (TSE: 6594; OTC US: NJDCY) (“Nidec” or the “Company”) today announced that it has successfully developed a new electric power steering motor power pack*1 (“EPS-PP”).

Nidec’s New Column-Type EPS-PP


Since the 1990’s, Nidec has been developing and manufacturing EPS motors, which are embraced by auto manufacturers around the world today.
There are two types of EP

5 June 2023 03:41

Nidec and Renesas Collaborate on Semiconductor Solutions for Next-Generation E-Axle for EVs

June 5, 2023 ―Nidec Corporation (TSE: 6594; OTC US: NJDCY) and Renesas Electronics Corporation (TSE:6723) have agreed to join forces on the development of semiconductor solutions for a next-generation E-Axle (X-in-1 system) that integrates an EV drive motor and power electronics for electric vehicles (EVs).
Today’s EVs are increasingly adopting the 3-in-1 unit called E-Axle, which integra

25 May 2023 22:20

Nidec Receives “Clarivate Top 100 Global Innovator 2023” Award

Nidec Corporation (TSE: 6594; OTC US: NJDCY) (“Nidec” or the “Company”) today announced that it has been selected by the UK’s Clarivate Plc, a global information service provider, as a top 100 global innovator for 2023.


Since 2012, Clarivate Plc annually gives the “Clarivate Top 100 Global Innovator” award to organizations selected as the top 100 revolutionary companies and institutions

19 May 2023 03:56

Opening Ceremony for New Factories in Serbia

Nidec Corporation (hereinafter referred to as “the Company”) has held an opening ceremony for new factories in Novi Sad, Republic of Serbia (hereinaft referred to as“Serbia”).


1.Opening ceremony overview
【Date】: Thursday, May 18, 2023, 10:00-12:00（local time）
【Venue】: Novi Sad city, Serbia　
【Main Attendees】: Aleksandar Vučić, President of the Republic of Serbia
Tetsuya Tsub

10 May 2023 04:45

INTRODUCING DM-50 : CONTROL TECHNIQUES RELEASE 50TH ANNIVERSARY SHORT FILM

Control Techniques have been designing and manufacturing quality variable speed drives (VSDs) for electric motors since 1973. Used by customers worldwide for commercial and industrial applications (e.g. Elevators, Robotics, Rollercoasters, and much more).
There is a reason that Control Techniques have been at the forefront of the drives industry for 50 years. They care about their customers and

24 April 2023 02:15

Nidec Announces Financial Results for Fiscal Year Ended March 31, 2023

KYOTO, Japan--Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the fiscal year ended March 31, 2023.
The highlights are as follows:
Net sales stood at a record high of ¥2,242.8 billion, 16.9% higher Y/Y. Operating profit decreased 41.3% Y/Y to ¥100.1 billion due to structural

18 April 2023 02:55

Nidec Advanced Motor Launches Dust- and Water-proof Quiet Fans

Nidec Advanced Motor Corporation (“Nidec Advanced Motor” or the “Company”) announced today that it has launched new dust- and water-proof quiet fans, the D1225R series.

The D1225R series, Nidec Advanced Motor’s latest dust- and water-proof quiet fans, employ resin molds for their internal structures, meet the IP68, the highest-level rating for dust, water, and other kinds of resistance, and

12 April 2023 02:58

Nidec Drive Technology Launches Ultra-flat Actuators with Precision Control Reducer FLEXWAVE

Nidec Drive Technology Corporation (“Nidec Drive Technology”) announced today that is has launched ultra-flat actuators that house FLEXWAVE, a precision-control reducer, and a motor.

With society aging and the birthrate declining, there is a growing need for power assisting suits to support people at hard labor, senior citizens, and people with disabilities. Though still small, the power-a

15 March 2023 02:31

Nidec Executes Stock Transfer Agreement on Nidec Copal Electronics’ Acquisition of Midori Precisions

Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today that it passed a resolution in the meeting of the Board of Directors held on March 15, 2023 (Japan time) on the purchase by Nidec Copal Electronics Corporation, a subsidiary of the Company, of all the shares of Midori Precisions Co., Ltd. (“Midori Precisions”), a company that develops, manufacturers, and sells