2016

May 10, 2016

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Minebea Co., Ltd.

Minebea and Edison Price Lighting Agree to Marketing Partnership
for New LED Lighting Fixture SALIOT in North America

Minebea Co., Ltd. ("Minebea") and Edison Price Lighting, Inc. ("EPL"), the leading North American architectural lighting systems manufacturer, have entered a marketing partnership to supply SALIOT (Smart Adjustable Light for the Internet Of Things), Minebea's new track-mounted lighting fixture, throughout the United States, Canada, Mexico, and the Caribbean.

SALIOT is the first lighting fixture in the industry* to wirelessly control light distribution angle, from 10° to 30° beamspreads. Other lighting characteristics, including light levels, correlated color temperature, and vertical and horizontal orientation can all be controlled by a smartphone or tablet, using Minebea's mobile application and a Bluetooth® wireless mesh network. The track-mounted SALIOT is now available in the United States, Canada, Mexico, and the Caribbean, through EPL and its extensive sales network.SALIOT will be especially welcome in the museum, gallery, and retail markets because of its potential regarding rotating exhibits, labor costs, and event lighting.

Of the partnership with EPL, Minebea Co., Ltd. Representative Director, President and Chief Executive Officer, Yoshihisa Kainuma explains,
"I am very happy that EPL, one of the leading lighting equipment makers of the United States, has recognized SALIOT, which Minebea has developed using original technology, and has agreed to partner with us. With the increase in opportunities to offer SALIOT to all lighting users in the United States, Canada, Mexico, and the Caribbean, we intend to accelerate our efforts toward strengthening our lighting equipment lineup and starting high volume production."

Emma Price, the President of Edison Price Lighting, adds that,
"SALIOT is a trailblazer. The ability to quickly and completely adjust the fixture itself will become the norm in lighting. Edison Price Lighting looks forward to joining the forefront with SALIOT."

SALIOT shipments are planned to begin in the third quarter of 2016.

* Based on Minebea's research as of July 2015.

Profile of Minebea

(1) Name Minebea Co., Ltd.
(2) Location of headquarters 4106-73, Oaza Miyota, Miyota-machi, Kitasaku-gun, Nagano
(3) Name of representative Yoshihisa Kainuma,
Representative Director,
President and Chief Executive Officer
(4) Outline of business Bearings and other machined components business
Electronic devices and components business such as small-size motors
(5) Capital 68,258 million yen (as of the end of March 2016)
(6) Established July 1951
(7) Fiscal year end March 31
(8) Major shareholders and shareholding ratios The Master Trust Bank of Japan, Ltd. (Trust Account): 6.25%
Japan Trustee Services Bank, Ltd. (Trust Account): 4.94%
Takahashi Industrial and Economic Research Foundation: 4.09%
(as of the end of March 2016)
(9) Net assets (consolidated) 237,973 million yen (as of the end of March 2016)
(10) Total assets (consolidated) 459,427 million yen (as of the end of March 2016)
(11) Sales (consolidated) 609,814 million yen (Fiscal Year ended in March 31, 2016)
(12) Number of employees Non-consolidated: 3,464 (as of the end of March 2016)
Consolidated: 62,480 (as of the end of March 2016)

Profile of EDISON PRICE LIGHTING, INC.

Edison Price Lighting, founded in 1952, is a privately held manufacturer of lighting fixtures located in New York City.

Related Information

Sales inquiries: Minebea Co., Ltd. Lighting Solution Product Sales Management
Phone: +81-(0)3-6758-6293 FAX: +81-(0)3-6758-6741
Media inquiries: Minebea Co., Ltd. Corporate Communications Office
Phone: +81-(0)3-6758-6703 FAX: +81-(0)3-6758-6718
Information in the press releases is current on the date of the announcement.
Product information, contact and other context are subject to change without prior notice.

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