PLEXTOR ANNOUNCES CORPORATE
REORGANIZATION
Merges with Shinano Kenshi Corporation
'“ September 5, 2006 - Plextor® Corp., a
leading developer and manufacturer of high-performance digital media equipment,
today announced that the corporate identity of Plextor Corporation will cease to
exist effective August 31, 2006. On September 1, 2006, a new corporate
identity will be created '“ Plextor LLC, a partner and merged entity of Shinano
Kenshi Corporation (SKC-U.S.). SKC is one of the world's largest
electronic motor manufacturers.
Plextor LLC will continue to operate
under its current structure and business strategies, and the company will remain
located in Fremont, California. In essence, Plextor will remain fully
autonomous and separate from SKCs Los Angeles-based organization.
'Through the merger with SKC, Plextor
gains a strong and stable financial partner, a potential investor, and a partner
company with broad ties and access to various product applications and markets,"
said Toru Nakazawa, President, Plextor LLC.
'For SKC, the formation of Plextor LLC
opens up new business and commercial opportunities, including the ability to
achieve greater synergy with Plextor LLC's organization in the future," said Rex
Bergsma, President, Shinano Kenshi Corporation.
Plextor
Plextor is a leading developer and
manufacturer of high-performance digital media equipment for professionals,
consumers, and enterprises. Headquartered in Silicon Valley since 1990, Plextor
has introduced generations of award-winning products, including digital video
converters and CD-R/RW, DVD±R/RW optical disk drives, and Network Attached
Storage products. Plextor is privately owned by Shinano Kenshi Co., Ltd., a
developer and manufacturer of advanced technology hardware and precision
electronic equipment headquartered in Japan. Shinano Kenshi is best known for
its expertise in manufacturing motors. Contact Plextor at
www.plextor.com.
Source: Plextor
