May 22, 2023
Mitsubishi Electric Corporation
MOVENSYS Inc.

Mitsubishi Electric and Movensys form Alliance toExpand AC Servo and Motion Control Businesses
Mitsubishi Electric Corporation (Headquarters: Chiyoda-ku, Tokyo, President and CEO: Kei Uruma,"Mitsubishi Electric") and MOVENSYS Inc. (Headquarters: Seongnam, Gyeonggi-do, Korea, CEO:Pyongwon Pak/Japan Corporation: Tachikawa, Tokyo, "Movensys") jointly announced today that they haveentered into a business partnership to strengthen collaboration in their respective AC servo and motion control
businesses. As part of the agreement, Mitsubishi Electric is proceeding to take an equity stake in Movensys.
In recent years, the use of industrial computers for motion control applications in AC servo businesses hasgrown rapidly, especially for semiconductor and electronic-component manufacturing equipment. The
ongoing evolution of industrial-computer CPUs is leading to more advanced motion control capabilities, suchas high-speed synchronous control of multiple motors, for which demand is expected to continue growing.
Mitsubishi Electric sells high-speed, high-precision AC-servo systems that are used primarily in Japan but alsoworldwide to improve productivity. Movensys sells motion control software for AC servomotors installed inpersonal computers sold mainly in Asia. The company's proprietary technologies enable stable, real-time
control via high-speed synchronous communication without requiring dedicated hardware.
Through the new partnership, Mitsubishi Electric aims to expand its AC servo business targeting
semiconductor manufacturing equipment and other applications by incorporating Movensys' technologies andproduct-proposal capabilities. Movensys expects to utilize Mitsubishi Electric's global sales network to expand
its sales of motion control software which enables multiple-motor synchronous controls without requiring
dedicated hardware. Together, the partners intend to maximize synergies by leveraging each other’s businessresources and technological strengths, ultimately to advance the evolution of smart factories and contribute toincreased productivity worldwide.
Toshie Takeuchi, Group President of Mitsubishi Electric’s Factory Automation Systems Group, said:“Software-based motion control, a field in which Movensys possesses advanced proprietary technologies,
offers promising potential to enhance performance thanks to the ongoing evolution of computers. Moreover,this type of solution is attracting attention among manufacturers because it can realize multi-axis motion
positioning control without requiring dedicated hardware. Combining our products with the motion control
technologies of Movensys, we expect to help customers reduce their TCO* by utilizing diverse equipment andsystems, improve their productivity, and contribute to circular digital-engineering business for factory
automation.”* TCO: Total costs of equipment and systems, from installation to disposal

Boo-Ho Yang, Founder and Chairperson of the Board of MOVENSYS Inc. said: “Since its foundation at theMassachusetts Institute of Technology in the US, Movensys has always developed technology that is ahead ofits time. The feature of our latest software-based motion controller products is "soft motion" technology thatenables high-speed, high-precision motion control by CPUs on PC without dedicated hardware, and thetechnology is already being used by many semiconductor manufacturing equipment manufacturers. By
connectability to CC-Link IE TSN proposed by Mitsubishi Electric as well as EtherCAT, we have achieved atrue fusion of IT and OT. We will continue to provide products that contribute to cost reduction, performance
improvement and smartening of our customers' manufacturing equipment through constant technologicalinnovation.”

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Overview of Mitsubishi Electric Corporation
Location
Establishment day
Business Details

2-7-3, Marunouchi, Chiyoda-ku, Tokyo
January 15, 1921
Production and sales of heavy electric systems, industrial mechatronics (PLC, Servo, NC,HMI, Inverter, Industrial robot, three-phase motor, magnet contactor, transformer,
software etc), information communication systems, electric devices, home appliances

Overview of MOVENSYS Inc.
Location
Establishment day
EmploymentBusiness Details
URLSeongnam, Gyeonggi-do, Korea
March 11, 2014
54 staffs (as of April, 2023)
Development, design, sales of motion controllers
https://www.movensys.com<Customer Inquiries>
Mitsubishi Electric Corporation
https://www.MitsubishiElectric.com/fa/support/
Movensys Inc. Sales TeamJoy City Tower 8F, 25 Hwangsaeul-ro 258 beon-gil, Bundang-gu, Seongnam,Gyeonggi-do, Korea
E-mail: sales.kr@movensys.com<Media Contact>
Mitsubishi Electric Corporation
prd.gnews@nk.MitsubishiElectric.co.jp
Movensys Inc. Marketing TeamJoy City Tower 8F, 25 Hwangsaeul-ro 258 beon-gil, Bundang-gu, Seongnam,
Gyeonggi-do, Korea
E-mail: info.kr@movensys.com

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