Ricoh : NGK and Ricoh Start Operations at Joint Venture NR-Power Lab Co., Ltd.
February 31, 2023 at 08:08 pm EST
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My name is Yuichi Nakanishi. I have been appointed as the new company's president.
Since their founding, NGK and Ricoh have developed various businesses that contribute to solving environmental issues in Japan and overseas to realize a sustainable society.
NR-Power Lab will strive to solve issues associated with spreading renewable energy, which is essential to realizing a decarbonized society. We will do so by combining the strengths of both NGK and Ricoh and harnessing their physical assets, digital technologies, and services. Through these efforts, NR-Power Lab aims to contribute to realizing a sustainable society. Specifically, at an early stage, we will ambitiously commercialize two businesses, VPP services and digital electricity services. The first business, VPP services, regulates electricity supply-demand balance through integrated control of various energy resources with IoT technology. The second business, digital electricity services, provides new value to society by harnessing power generation and usage data.
Our mission statement is "Be ambitious. Bring together wisdom from many sectors to find solutions for the next generation." With this goal in mind, we intend to solve problems through open innovation.
Ricoh Company Ltd. published this content on 01 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 February 2023 01:07:04 UTC.
Ricoh Company, Ltd. is one of the world's leading office equipment manufacturers. Net sales break down by family of products and services as follows:
- office automation equipment (48.5%): photocopiers, fax machines and printing systems;
- IT equipment and network systems (31.6%): PCs, servers, software, etc. The group also offers installation and start-up, training, technical support, and maintenance services;
- commercial and industrial printing solutions and systems (9.5%): inkjet print heads, imaging systems, commercial and industrial printers;
- thermal paper and thermal transfer ribbons (3.4%): for label printing;
- other (7%): primarily optical equipment, semiconductor, electronic components, measurement systems, photographic equipment, integrated circuits, and electronic processing equipment.
Net sales break down geographically as follows: Japan (44.8%), Europe/Middle East/Africa (23.4%), Americas (23%) and other (8.8%).
RICOH COMPANY, LTD. 
