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Press Release

Shimadzu (Hong Kong) Ltd. and GL Sciences Inc. Form Joint Venture to Market Analytical Instrument Consumables and Pretreatment Equipment in China  [JAPAN]

Shimadzu (Hong Kong) Ltd., a wholly owned sales coordination subsidiary of Shimadzu Corporation (Kyoto, Japan) in China, and GL Sciences Inc. (Tokyo, Japan) have established Shimadzu – GL Sciences (Shanghai) Laboratory Supplies Co., Ltd. Based in Shanghai, this joint venture was developed to market and sell Shimadzu and GL Sciences parts and consumables for analytical instruments and supplies for pretreatment in China. Shimadzu – GL Sciences (Shanghai) Laboratory Supplies has received approval from the Shanghai city government to begin operations, which will commence October 1.

Shimadzu Corporation and GL Sciences signed an agreement in September 2006, in which they agreed to cooperate in sales, the development of products and technology, and financially, for the purpose of contributing to the growth and development of their respective analytical equipment businesses. Since then, they have been building a relationship of mutual trust and cooperation through the co-development of new products and technologies and jointly selling products domestically and overseas. This marketing venture in China embodies the strong partnership the two companies have created.

In China, the aftermarket for analytical instrument consumables is a high-potential market, with growth expected to be in the double digits. Furthermore, user demand is increasing for manufacturers to provide total analytical solutions. This joint venture is a response to these market trends.

Shimadzu Corporation’s strength in the analytical instruments industry is its broad selection of instruments and its established marketing channels. In contrast, GL Sciences is the largest supplier of analytical peripheral equipment and various consumables in Japan. It offers a broad selection of pretreatment instruments and consumables, the ability to efficiently develop specific applications, and a far-reaching marketing network. By forming this venture, both companies will be able to jointly build the sales capability of analytical instruments, including peripherals, and offer local users products and solutions to meet all their analytical needs. Additionally, this venture will help facilitate expansion of their respective analytical equipment and supplies businesses in China.

The following is an overview of the newly formed joint venture company.

Overview of Joint Venture

Name: Shimadzu - GL Sciences (Shanghai) Laboratory Supplies Co., Ltd.
Capital: 1.7 million US dollars
Shimadzu (Hong Kong) 70% / GL Sciences 30%
Head Office: 755 Huai Hai Zhonglu, Shanghai
Representative: Takashi Fujishima (President)
Employees: 12 (when established, but 28 planned by 2010)
Date Est.: June 25, 2007
Business Scope: Sales of and after-sales services for consumables, pretreatment equipment, and related consumables for analytical and scientific instruments in China
Projected Sales: 1 billion yen in fiscal 2010

Additional Information:

Shimadzu Corporation
Incorporated: September 1, 1917 (established in 1875)
Representative: Shigehiko Hattori (President and CEO)
Capital: 26.6 billion yen
Head Office: 1, Nishinokyo-Kuwabaracho, Nakagyoku, Kyoto, Japan
Consolidated Sales: 262.431 billion yen (March 2007)
Shimadzu (Hong Kong) Ltd. (abbreviated “SHK”)
Incorporated: September 1997
Representative: Koji Furusawa (President)
Capital: 3 million HK dollars
Head Office: Suite 1028, Ocean Centre, Harbour City, Tsim Sha Tsui, Kowloon, Hong Kong
Business Activity: Coordinates sales of Shimadzu Corporation products in China
GL Sciences Inc.
Incorporated: February 1, 1968
Representative: Kenji Mori (President and CEO)
Capital: 1.2 billion yen
Head Office: 22-1 Nishishinjuku 6-chome, Sinjuku-Ku, Tokyo, Japan
Consolidated Sales: 18.975 billion yen (March 2007)

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