Alps announces Green Devices spin-off

Electronic components manufacturer Alps Electric and Innovation Network Corporation of Japan (INCJ), a public-private partnership that promotes innovation in Japan, have announced the official incorporation of Alps Green Devices, a partial spin-off of the Alps business with regard to power conversion and power control devices.

The aim of Alps Green Devices, which will start operations in June 2010, is to create an open innovation style of business and development, and to address green-devices-related industries and research institutions.

The new company will develop, manufacture and sell parts, semi-finished products and materials used for power conversion devices, power control devices and electric measurement equipment.