Announcement of Strategic Investment in Tribogenics Inc.
February 4, 2016
Nikon Corporation (Kazuo Ushida, President, Tokyo) is pleased to announce that its US subsidiary, Nikon Americas Inc. (Satoshi Hagiwara, President, New York) has made $10 million strategic investment in Tribogenics Inc. (Dale Fox, CEO, California).
In recent years, there is an increasing need for X-ray non-destructive testing. Nikon and Tribogenics intend to work together to expand sales of Handheld X-ray analyzers and Cabinet-Type X-ray CT products. We aim to strengthen product competitiveness and to develop a new market in X-ray non-destructive testing.
As stated in its Medium Term Management Plan, Nikon will expand strategic fields such as the Industrial Metrology Business by pursuing an open innovation policy.
Overview of Tribogenics Inc.
Founded in 2011, the university-originated startup company used technology originally developed by a project at UCLA.
| Location | 5440 McConnell Ave, Los Angeles, CA, USA |
|---|---|
| Chief Executive Officer | Dale Fox |
| Business | Development, Production and Sales of Handheld X-ray Analyzers |
| No. of employees | Approximately 50 |
| Foundation (Year) | 2011 |
| Stock market | Unlisted |
The information is current as of the date of publication. It is subject to change without notice.