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News Breaks
January 15, 2013
05:15 EDTHTHIY, ALVRAlvarion partners with Hitachi Cable networks to enable 3G offload in Tokyo
Alvarion (ALVR) announced that its carrier-grade Wi-Fi base stations are currently being deployed in Tokyo to enable 3G data offload by one of Japan's largest mobile operators. Hitachi Cable Networks (HTHIY) Alvarion's partner in Japan, chose Alvarion's Wi-Fi solution after a lengthy testing and selection process, focusing on carrier-grade quality and performance in crowded areas.
News For ALVR;HTHIY From The Last 14 Days
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January 22, 2015
07:08 EDTHTHIYJohnson Controls agrees to form joint venture with Hitachi
Johnson Controls (JCI), Hitachi (HTHIY) and Hitachi Appliances have signed a definitive agreement on January 21 to form a previously announced global joint venture that will bring customers world-class variable refrigerant flow technology, as well as room air conditioners and absorption chillers to meet increasing demands for energy efficient air conditioning options. The Johnson Controls-Hitachi joint venture is expected to have 2016 sales of approximately $3.0B. The formation of the joint venture is expected to close in the fourth quarter of fiscal 2015, pending regulatory approvals.
January 21, 2015
20:11 EDTHTHIYJohnson Controls, Hitachi to form global HVAC joint venture
Johnson Controls (JCI), Hitachi, Ltd. (HTHIY) and Hitachi Appliances entered into a definitive agreement for their global joint venture while at the World Economic Forum in Davos, Switzerland. Through the agreement, Johnson Controls will obtain a 60% ownership stake in Hitachi Appliances' more than $2.6B global air conditioning business, excluding sales and service operations in Japan. The Johnson Controls-Hitachi joint venture will bring customers a full range of air conditioning products, including variable refrigerant flow technology, inverter technology based room air conditioners and absorption chillers on top of existing Johnson Controls products that meet global customer demands.

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