HexaTech, Inc., Okaya & Co. Ltd. and OKAYA (U.S.A.), Inc. Sign Strategic Representation Agreement
July 29, 2015
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HexaTech, Inc. announced the signing of a broad, strategic agreement with Okaya & Co. Ltd. and its subsidiary, Okaya USA, Inc. The agreement establishes Okaya as the sole representative for HexaTech's AlN substrate products in Japan, and also includes a direct equity investment by Okaya in HexaTech. It further sets the stage for Okaya to assume a leadership position to market and sell HexaTech's line of UV-C LEDs targeted for launch later this year.
HexaTech's ultra-high quality AlN materials have been shown to be an essential foundation for record-setting UV-C LEDs, which hold tremendous potential to revolutionize the sterilization and purification markets, by providing compact, highly efficient, long-life sources of light.
Okaya & Co Ltd mainly offers various products of iron and steel, information and electronics, industrial materials, living products and others. The Company operates in four business segments. The Steel segment provides iron scraps, steel bars, steel piles, wide flange beams, steel plates, steel pipes and carbon steels for machinery structure. The Information and Electric segment provides copper, aluminumrare earths, electronic parts, general-purpose electrical products, video equipment, semiconductors and electronic-related products, as well as develops and sells software. The Industrial Materials segment offers machine tools, industrial tools and robots, automobile parts, synthetic resin materials, resin molding products, environment and recycling treatment facilities, as well as semiconductors and electronics-related facilities and equipment. The Living Industry segment is involved in the manufacture and sale of piping, housing materials and housing equipment, among others.