Kariya (Japan), September 18, 2013: Global automotive supplier Denso Corporation has signed a stock subscription agreement with Sharp Corporation to purchase 2.5 billion yen (approximately US$25.4 million) shares of stock issued by Sharp. Denso and Sharp will collaborate to create new technologies that improve the comfort, safety and convenience of vehicles by integrating vehicle technologies with home electronic technologies.
The collaboration between the two companies will mainly involve the development of comfort technologies for vehicle passengers and connecting vehicle technologies with home and home electronics.