Press Release

Press Release

Toyota Honors Chubu Electric Power and Yutaka Electronics Industry Receives with Technology & Development Award

February 26, 2018
Chubu Electric Power Co.,Inc.
Yutaka Electronics Industry Company Ltd.

Chubu Electric Power Co., Inc. (Headquarters: Nagoya City; President & Director: Satoru Katsuno; hereinafter "Chubu Electric Power") and Yutaka Electronics Industry Company Ltd. (Corporate Office: Kariya City; President & CEO: Takafumi Morita; hereinafter "Yutaka Electronics Industry") are proud to announce to have jointly received the Technology & Development Award from Toyota Motor Corporation (Head Office: Toyota City; President and Representative Director: Akio Toyoda; hereinafter "Toyota") at the Toyota Global Suppliers Convention, held on February 23.

The Technology & Development Award is given to suppliers that largely contributed to enhancing Toyota's product appeal.

Most previous winners of this award were automobile part, equipment, or material manufacturers. This is the first time ever for an electric utility to receive the award.

Chubu Electric Power and Yutaka Electronics Industry believe we were highly regarded for using the thermoplastic CFRP rapid heater we jointly developed and supplied to Toyota to carry out heating processes with a hybrid heat source that combines superheated steam with an electric heater. This effort made for a significant boost in productivity compared with conventional processes, cutting energy consumption by some 80% and heating time by roughly 70%.

Chubu Electric Power and Yutaka Electronics Industry will live up to customer expectations by continuing to roll out solution services and by developing equipment.

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