June 4, 2007

The New Construction of a European Satellite Lab

As part of its business activities to convert marine resources into the value that our customers expect, Nippon Suisan Kaisha, Ltd. (President & CEO: Naoya Kakizoe), in order to improve and reinforce global R&D, will construct a new satellite lab in the EU (Food Valley, the Netherlands) as a new EU-based R&D center.

The Satellite Lab will function as a part of Nippon Suisan Europe, B.V. and it will conduct its activities as a member of the Nissui Group.

In line with its midterm business plan “TGL Plan: FY2006 --- FY2011”, Nissui is establishing a research structure in which it can collaborate with research institutes around the world and develop technologies to make the maximum use of limited marine resources.

The details of the Europe Satellite Lab are as follows.

• Name: Nissui Europe Satellite Lab
• Location: Food Valley BioPartner Building, Wageningen, the Netherlands
  

  Nippon Suisan Europe B.V. R&D Department
  Nieuwe Kanaal 7J 6709 PA Wageningen
  The Netherlands

• Date of opening: June 1, 2007
• Personnel structure: two persons (we plan to dispatch one person from the Central Research Laboratory and hire one person locally)
• Main research:
  

  Just as computer-related companies are concentrated in Silicon Valley in the United States, Food Valley in the Netherlands, is a place where a large number of private, government, and academic research institutes related to food industry are gathered, and is noted for research and development in food processing, food health functions, food safety and sanitation, fermentation (bio-production), and related fields. Research results in these areas from Food Valley have caught the eye of the Nissui Group as well, and the Nissui Group plans to put efforts into research and development in the creation of value for marine resources as well as the development of new products, which will be necessary in order to make new entries into the continuously expanding EU market.