News Releases 2006

Joint Venture Establishment to Develop Inorganic EL Products

March 16, 2006
T. CHATANI & Co., Ltd.
Kuraray Co., Ltd.

T. CHATANI & CO., LTD. (Headquarters: Chuo-ku, Osaka; President: Yasuhiro Chatani; hereafter "CHATANI & CO.,") and Kuraray Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; President: Yasuaki Wakui; hereafter "Kuraray") have concluded an agreement to establish a joint venture company for the purpose of accelerating development of display light sources, lamps and displays using inorganic EL (electroluminescence).

Utilizing the ultra-bright, inorganic EL light-emitting materials invented by CHATANI & CO., the new company spurs the development of a white light source product for LCD backlighting devices and aims to commence sample shipments from autumn 2006. The future prospect of developing light-emitting materials for a variety of illuminated light sources and full-color displays has also come into view.

Overview of The New Company

1. Company Name K·C Luminas Co., Ltd.
2. Representative Noriaki Yoshimura
3. Headquarters Ote Center Building 1-1-3 Otemachi Chiyoda-ku, Tokyo
(within the Tokyo headquarters of Kuraray Co., Ltd.)
4. Establishment April 2006
5. Commencement of Operations April 2006
6. Capital ¥400 million(CHATANI & CO., 50% Kuraray 50%)
7. Business Activities Development of ultra-bright light- emitting materials and elements using inorganic EL, and development of lamps, display light sources and displays that use these light-emitting materials and elements.