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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  DENSO Corporation    6902   JP3551500006


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DENSO : Receives IEEE Milestone for QR Code

10/07/2020 | 01:25am EST

TOKYO, Oct 7, 2020 - (JCN Newswire) - - DENSO Corporation and DENSO WAVE Incorporated today announced that the QR Code(1), which DENSO invented, has received the prestigious IEEE Milestone award from the Institute of Electrical and Electronics Engineers (IEEE(2)). IEEE recognized the QR Code for helping to improve the manufacturing and management of companies around the world and for gaining ubiquity worldwide as critical information-sharing tool in a variety of applications, such as electronic payments.

IEEE Milestone is an award that recognizes historic achievements that have contributed to the development of society and industry in the electric and electronic fields. Started in 1983, as of the end of 2019, 207 achievements were recognized as IEEE Milestones worldwide.

Based on the concept of being easy to read and capable of handling large amounts of information, DENSO WAVE (a part of DENSO at that time) developed a QR Code in 1994. QR Codes can handle 200 times more information than bar codes and transmit information at high speed.

After DENSO WAVE created the QR Code, it made it widely accessible to the public and focused on dissemination activities. In the latter half of the 1990s, the QR Code began to be used as an inexpensive and safe technology in manufacturing processes, such as quality checking, product shipments, and inventory management. Since then, the technology's use has expanded to other fields in different industries, such as food and pharmaceuticals. In the first half of the 2000s, its use expanded into everyday life, along with the spread of mobile phones equipped with cameras. In recent years, it is also used for electronic ticket and electronic payment.

Even over 25 years after its development, DENSO WAVE continues to develop the functions of QR Code. The company has developed "SQRC" that can store 2 types of data, public and private in a single code and "Frame QR" that achieves a balance between free design and security. The company plans to develop these products in fields such as anti-counterfeit products, and mobile ticket generation.

Both companies will continue to contribute to solving social issues by utilizing the technologies they have developed.

(1) Resister name of QR Code for IEEE Milestone is "QR Code*1 (Quick Response), 1994".

(2) The Institute of Electrical and Electronics Engineers, Inc.

Headquartered in the United States, it is the world's largest engineering academy with more than 400,000 members in more than 160 countries.

About DENSO Corporation

DENSO is a $47.6 billion global mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO invests in its worldwide 202 facilities to produce thermal, powertrain, mobility, electrification, & electronic systems, to create jobs that directly change how the world moves. The company's 170,000+ employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. Globally headquartered in Kariya, Japan, DENSO spent 9.9 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2020. For more information about global DENSO, visit https://www.denso.com/global

Copyright 2020 JCN Newswire . All rights reserved.

© Japan Corporate News, source JCN Press Releases

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Koji Arima President, CEO & Representative Director
Yasushi Matsui CFO & Senior Head-Corporate Administration
Shoji Tsuzuki Chief Information Security Officer
Hiroyuki Wakabayashi Representative Director, CTO, VP & Head-Technology
Yasushi Yamanaka Representative Director, VP & Head-Quality
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