Tokyo, February 3, 2009 – Hitachi, Ltd. (NYSE:HIT/TSE:6501) today announced executive changes in accordance with a resolution passed by a meeting of the Board of Directors held today. The appointments take effect on April 1, 2009.
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Tokyo, January 30, 2009 – Hitachi, Ltd. (NYSE:HIT / TSE:6501) today announced that the Company plans to record a valuation allowance against deferred tax assets for fiscal 2008, year ending March 31, 2009. Additionally on an unconsolidated basis, the Company plans to recognize losses related to write-downs of subsidiaries shares.
Tokyo, January 30, 2009 – Hitachi, Ltd. (NYSE:HIT / TSE:6501) today announced revisions to the Company's consolidated business forecasts for fiscal 2008, year ending March 31, 2009, which were announced on October 30, 2008, in light of recent business performance.
Tokyo, January 30, 2009 – Hitachi, Ltd. (NYSE:HIT / TSE:6501) today announced that it would rigorously pursue the following measures designed to improve profitability and spur future growth in the face of a rapidly changing operating environment. Hitachi is determined to implement far-reaching structural reforms while at the same time using its advanced technologies to address needs related to social, industrial, life and information infrastructure, fields that are expected to see growth over the medium and long terms worldwide.
LONDON, PARIS, BERLIN, WARSAW, 12 JANUARY 2009 – Hitachi Europe has today unveiled its new European brand campaign. The TV spot is scheduled to run in the UK, France, Germany and Poland and will be supported by widespread online presence in the same countries.
LONDON, 9 DECEMBER 2008 – Hitachi Rail Group (Hitachi) today announced that the first production standard sets of new Class 395 trains for Southeastern's high speed service have been shipped from their factory in Kasado, Japan. The shipment follows successful testing of the first four units on the High Speed 1 line between Ashford and St Pancras and on the Kent DC network.
London, UK – Hitachi Europe Ltd. announced today that Easydentic Group, leader in biometrics, visual recognition and visual mobility technology for enterprise security, selected Hitachi's finger vein security solutions for Biovein. Easydentic's R&D division Eden is using Hitachi's ground-breaking finger vein authentication system in the form of physical door access systems in their Biovein product, which was developed using Eden's market leading technology expertise.
ASHFORD, 1 OCTOBER 2008 – Hitachi Rail Group (Hitachi) today celebrates the first anniversary of its state-of-the-art Ashford Train Maintenance Centre (TMC), which was opened 12 months ago by Ruth Kelly, the Secretary of State for Transport. Over the past year the TMC has attracted over 3,500 visitors from the UK, Europe and Japan's rail industry and has so far created 47 jobs for local employees.
Warsaw, Poland, August 14th 2008, Hitachi Europe Ltd. and ELKART Systemy Kart Elektronicznych Sp. z o.o. in Poland have signed a partnership agreement to develop new IT security-related business in the banking and government sectors in the Polish IT market. The agreement covers Hitachi's smart card solutions based on the Secure MULTOS platform for banking and public administration related applications, as well as Hitachi's award winning Finger Vein Authentication System.
Tokyo, July 17, 2008. Hitachi, Ltd. (NYSE:HIT / TSE:6501) today announced that it has secured an order for the construction of a Fuel Gas Desulphurisation (FGD) system for the Kozienice coal-fired power plant unit no.10 (500MW) near Warsaw in Poland in partnership with Energo Montaz. Polnoc S.A.( EMP) The total contract amount is EURO net 77,33 million (Approx. PLN 260,86 million) and commercial operations will commence from the beginning of 2011.