ShinMaywa Announces Establishment of Particle Beam Project

Announcement by ShinMaywa Industries, Ltd.

Following to the announcement by ITAC, LTD. to acquire the properties of R & D Center and Thin Film Division of Nagata Seiki Co., Ltd., ShinMaywa Industries, Ltd. and its Industrial Machinery Systems Division headed the undersigned announces to craete "PB (Particle Beam) Project" to support ITAC, LTD. for engineering, sales marketing and services as well as the financial support.

This is effective April 1st, 2014 and your communication is welcome to the following ;

ShinMaywa Industries, Ltd.
Particle Beam Project
Industrial Machinery Systems Division
1-1 Shinmeiwa-cho, Takarazuka, Hyogo 665-0052, Japan
Phone: +81-798-54-1880 Fax: +81-798-54-1805

Announcement by ITAC, LTD.

Effective March 31st, 2014, Nagata Seiki Co., Ltd. (CEO: Yasuo Nagata) and ITAC, LTD. (CEO: Kensuke Uemura) concluded the business transfer contract of R & D Center and Thin Film Division of Nagata Seiki Co., Ltd. to ITAC, LTD.

1. Business Transfer and Inheritance

ITAC, LTD. inherits the properties of R & D Center and Thin Film Division of Nagata Seiki Co., Ltd. including the properties, goodwill, and patent rights.

2. Schedule

March 31st, 2014 Business Transfer Agreement
April 1st, 2014 Business Transfer Contract
May 31st, 2014 Completion of Properties Transfer to Takarazuka

3. Further Communication

We welcome your communication as below ;

ITAC, LTD.
1-1 Shinmeiwa-cho, Takarazuka, Hyogo 665-0052, Japan
Phone: +81-798-54-1802 Fax: +81-798-54-1805

Takahiro Asano
Officer and General Manager
Industrial Machinery Systems Division
ShinMaywa Industries, Ltd.

Kensuke Uemura
CEO
ITAC, LTD.