OKI Starts Operation at Its Wholly-Owned Subsidiary in China That Develops and Manufactures...

Mon May 19, 2008 10:00pm EDT

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OKI Starts Operation at Its Wholly-Owned Subsidiary in China That Develops and Manufactures Telecom Equipment

TOKYO--(Business Wire)--
OKI announced it has bought out its partner's share of Changzhou
OKI-GEG Telecoms Ltd, a joint company established in 1997 by OKI and
Jiangsu Guoguang Electronic Information Technology Co., Ltd. Buying
out the share owned by GEG, OKI becomes the 100% owner of the company
which is now named OKI Telecommunications Technology (Changzhou) Co.,
Ltd. (OTTC). With this wholly-owned subsidiary, OKI establishes a
consolidated structure for its telecommunication hardware equipment
business covering design and production through to sales.

"In 2002 at the same location as OTTC, OKI established OKI
Software Technology Co., Ltd., a subsidiary to offer telecommunication
equipment software. Now with the two wholly-owned subsidiaries in
Changzhou, OKI has established a consolidated structure to develop,
manufacture and sell telecommunication equipment hardware and
software," said Masashi Tsuboi, General Manager of Global Business
Division at OKI. "With this new structure, by 2010 we aim to double
our sales at OTTC compared to our last fiscal year ending March 2008."

By consolidating its resources in system integration, customer
support and sales, which had been dispersed among various companies,
OKI will provide total solutions, including intellectual assets, to
its customers.

(About OKI Telecommunications Technology (Changzhou) Co., Ltd.)

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*T
Capital: 7.3 million USD (wholly owned by OKI)
Address: 93 Qingtan Road, Changzhou City, China
Representatives: Chairman: Tetsuo Kawaguchi
President: Muneaki Mada
Business operation:
-- Develop, manufacture, sell and provide maintenance for key
telephone systems, PBX and other info-telecom equipment
-- Manufacture and provide maintenance for power supply and
printer components
Number of employees: Approx. 400
Effective date: May 7, 2008
*T

About Oki Electric Industry Co., Ltd.

Founded in 1881, Oki Electric Industry Co., Ltd. is Japan's first
telecommunications manufacturer, with its headquarters in Tokyo,
Japan. OKI provides top-quality products, technologies and solutions
to its customers through its info-telecom system business,
semiconductor business and printer business. All three businesses
function as a collective force to create exciting new products and
technologies that satisfy a spectrum of customer needs in various
markets. Visit OKI's global web site at http://www.oki.com/.

Notes:

-- Names of companies and products are trademarks or registered
trademarks of the respective companies and organizations.

Oki Electric Industry Co., Ltd.
For Europe and Americas:
Naomi Takeuchi, +1-408-737-6279
Public Relations Division
press@oki.com
For Asia and Other Areas:
Akiko Horiguchi, +81-3-3580-8950
Public Relations Division
press@oki.com