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Prof. Endo and SDK to Form Carbon Nanofiber Joint Venture

PROF. MORINOBU ENDO
SHOWA DENKO K.K.
September 30, 2003

Prof. Morinobu Endo, Faculty of Engineering, Shinshu University, and Showa Denko K.K. (SDK) have agreed to establish a joint venture for research of advanced carbon materials and their application to energy devices. The new company, MEFS Co., Ltd., will focus on R&D of carbon nanofiber in the category of “multi-walled carbon nanotube” (MWCNT) that has great potential for wide-ranging applications.
Prof. Endo discovered carbon nanotube while he was a researcher at the University of Orléans, France (in around 1975). Since then, he has been engaged in the study of the basic science of a wide variety of advanced carbon materials, including carbon fiber and carbon cluster, as well as application of these materials to high-performance batteries for portable electronic equipment and electric vehicles, and power source systems.
In 1982, Prof. Endo and SDK started joint researches into VGCF (vapor-grown carbon fiber), a typical MWCNT. While promoting application of VGCF as high-performance additive in lithium-ion secondary batteries, the two parties established the world’s first volume production technology of very fine VGCF products.
Based on this achievement, SDK has become the sole producer/marketer of carbon nanofiber in Japan, operating a 40-ton-per-year commercial plant.
In addition to carbon nanofiber, MEFS Co., Ltd. will promote R&D of advanced carbon materials for use in fuel cells and capacitors. Through speedy and strategic R&D efforts, the company will acquire intellectual property for its achievements.
Under the ongoing medium-term consolidated business plan (the Sprout Project), SDK is expanding the fine carbon business as one of its “strategic growth businesses” and developing battery materials based on the “strategic market unit” (SMU) concept. From now on, SDK will step up expansions in this field by commercializing R&D accomplishments of MEFS Co., Ltd.

[Profile of the New Joint Venture]

Capital ¥10 million
To be established in November 2003
Head office Nagano City, Nagano Prefecture
Officers Chief Executive Officer Toyoharu Fujii (Director & Executive Officer, Inorganic Materials Sector, Showa Denko K.K.)
Chief Technology Officer Prof. Morinobu Endo
Scope of business R&D as entrusted by SDK and its related companies regarding carbon materials and energy devices; provision of consulting services; all relevant activities

For further information, contact:
Prof. Endo’s Office (Phone: 026-269-5201)
PR & IR Group, Showa Denko K.K. (Phone: 03-5470-3235)