Nitto Denko Corporation (TOKYO:6988) has announced that it will enter the high-speed, large capacity plastic optical cables business in Europe, the company said.
The company will begin preparations for mass production and sales slated to begin in 2019 and the new cables will contribute to its vision of contributing to connecting people around the world safely and securely.
Nitto also aims to play its part in rapidly emerging IoT, high-definition medicine, automated driving and fuel efficiency in Europe and estimates annual sales of JPY 30 billion by 2023, consisting of approximately 30% from Europe.
The new plastic optical cable can deliver high-speed data transmission of 100 Gbps. Moreover, because of its high flexibility, it enables optical transmission even in devices where limited space makes it difficult to install glass optical cables.
Founded in 1918, and celebrating its 100th anniversary in 2018, Nitto (TOKYO:6988) is a diversified materials manufacturer that offers over 13,500 products in over 70 business fields, including electronics, transportation, environment, and life science. Nitto aims to offer value to Green (environment), Clean (new energy) and Fine (life sciences) business markets.