Mitsubishi Heavy Industries, Hitachi and Mitsubishi Corporation to Begin Smart Community System Demonstration Project in Spain

Tokyo, January 27, 2012 – Mitsubishi Heavy Industries, Ltd. (MHI:TSE/7011), Hitachi, Ltd. (Hitachi: TSE/6501, NYSE/HIT) and Mitsubishi Corporation (MC: TSE/8058) today announced that they have been jointly selected as contractors for the Smart Community System Demonstration Project in Spain, by the New Energy and Industrial Technology Development Organization (NEDO) as the result of a feasibility study which was conducted from March through October 2011 by the three companies. The project, which is aligned with the Malaga Smartcity Project currently under way in Malaga, Spain, will demonstrate and verify various businesses necessary for establishing a next-generation transportation infrastructure enabling considerable reductions in CO2 emissions. The total budget of the demonstration project, to be conducted for a period through March 2016, is expected to be near 5 billion yen.