Tsuneishi Group Establishes Research and Development Fund

May 24, 2011

TSUNEISHI HOLDINGS

[Corporate trends]

On May 31, 2011, the Tsuneishi Group will establish a new company, TVC No. One Investment Limited Partnership (TVC), with headquarters at 1083, Tsuneishi, Numakuma-cho, Fukuyama, Hiroshima and headed by Hirotatsu Kambara. TVC's goal will be to identify unrealized needs for technology as well as potential business opportunities in the fields of shipbuilding, maritime transport, and other areas related to energy and the environment. A group of investors led by the Tsuneishi Group has invested 1 billion JPY, which TVC will use as a fund to advance research and development activities by investing in Japanese companies that own proprietary technology.