Nidec To Establish

KYOTO, Japan, July 7, 2014 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) (the "Company") today announced that it will establish the "Nagamori Award" for motor-related technologies.

1. Purpose of the Nagamori Award

Since its foundation, Nidec has been specializing in business for "everything that spins and moves." Now, with its group companies operating in 32 counties around the world, the Company is continuously growing as the "world's No.1 comprehensive motor manufacturer."

Motors, invented in the early 19 th century, are used in all kinds of electric products around us, and are indispensable in our lives. Used in a number of places, motors are believed to consume approximately one half of all electricity generated in the world. This is why the research and development of motors holds significant importance to both enrichment of our lives and perpetual conservation of the global environment.

The Nagamori Award aims to further enhance the research and development of motors and motor-related technologies and to support young to middle-level engineers working dedicatedly for their dreams every day.

2. Overview of the Nagamori Award
   
Name Nagamori Award
Areas covered Motor, motor control, motor application technology, and other motor-related technological fields
Application requirements Applicants must be young to middle-level R&D engineers who are members of university, public organization, private company, etc. across the world, with outstanding achievement.*
  *Applicants must attend the commendation ceremony, prepare and submit necessary documents, and give an award lecture.
Application method Applicants must be recommended by an academy or nominate themselves. *
  *When nominating themselves, applicants must submit a recommendation letter from an academy or the organization that the applicants belong to.
Commendation The Nagamori Award will be granted to 3-5 people every year. The person to receive the Grand Award of the Nagamori Award will be announced at the commendation ceremony.
  Award: 5 million yen for the Grand Award of the Nagamori Award, and 1 million yen for the Nagamori Award.

3. Schedule for the first year (FY2015)

If you liked this article you might like

A Peek at Some of the Busiest M&A Bankers This Quarter

Japanese Chipmaker Renesas Considering Intersil Acquisition

3 Stocks Pushing The Industrial Industry Lower

Nidec, Mitsubishi Are Japanese Gems Says Hennessy Fund Manager

Strong And Under The Radar: Nidec (NJ)