January 19, 2023
Teijin Limited
Fujitsu Limited
Fujitsu and Teijin start joint trials with V Frames and Advanced Bikes to enhanceenvironmental value of recycled carbon fiber used in the manufacturing process ofbicycle framesTokyo, January 19, 2023 – Fujitsu Limited and Teijin Limited (hereinafter Teijin) today
announced the launch of a joint project running from January to March 2023 to enhance theenvironmental value of recycled resources in the production of bicycle frames together withV Frames GmbH (hereinafter V Frames) (1), a German manufacturer and distributor ofcarbon fiber reinforced plastic bicycle frames, and E Bike Advanced Technologies GmbH(hereinafter Advanced Bikes) (2), a German manufacturer of bicycles.
As part the trials, Teijin and Fujitsu will leverage a blockchain-based commercial platform
launched in July 2022 to promote the sustainable use of recycled materials, tracing andmanagement of greenhouse gas (GHG) emissions within the environmentally-conscious
bicycle industry.
By implementing a business model that maximizes the environmental value from recycledmaterials, Teijin and Fujitsu aim to contribute to the further development of the carbon fiberrecycling market and the realization of a circular economy. Following the successful
conclusion of the joint trials, Teijin and Fujitsu will promote the implementation of the newplatform, with the aim of commercialization in fiscal 2023.
Background
In Europe, many bicycle manufacturers use frames manufactured in Asia, and many ofthese frames are also ultimately disposed of in landfills in Asia. Energy consumption duringlong-distance transportation of resources including materials and used frames across thesupply chain represents one major reason why resources are often not recycled anddisposed of in a sustainable manner. In order to contribute to the reduction of GHG
emissions from its business operations, V Frames utilizes local resources in Germany andrecycles used frames in its bicycle production.
Within this joint project, Teijin and Fujitsu will conduct trials together with V Frames andAdvanced Bikes to visualize the results of V Frames’ efforts to reduce GHG emissions in its

production process, with the aim to foster a shared awareness towards the environmental
value of recycled materials within the environmentally-conscious bicycle industry andindustries handling carbon fibers.
Outline of the joint trials
1.
Purpose of the trials
Track and manage information on the environmental impact of materials used inbicycle frame production, evaluate the feasibility of the data collection process andevaluate the value of the visualized tracked data to enhance the environmental valueof recycled resources in the production of bicycle frames

2.

Roles and responsibilities

Teijin:Support of environmental assessment across the different processes and engagementof stakeholders toward the creation of an ecosystem
Fujitsu:Implementation of blockchain platform based on the Fujitsu Track and Trust digitalledger technology and development of tool for visualization and provision of tracked
dataV Frames and Advanced Bikes:
Upload of environmental impact information for different operational processes within
the company to the platform; review of data collection and visualization process
3. Period
January 2023 - March 2023 (planned)4.


Future vision and goals
Creation of “digital twins” to manage resources: information about resources (including
their location, condition, environmental impact, etc.) used/generated in the business
operations from the recycling to sales process of bicycle frames will be uploaded andprovided on the platform to create digital replications (digital twins) of physicalresources and manage information on their condition; using blockchain technology, theplatform will also offer past data on the condition of resources;
Disclosure and utilization of data: data from the platform can be used to share
information on resources (origin of resources etc.) with bicycle users or utilized byvarious stakeholders in their carbon management; data on the platform can further beused as proof for the successful realization of a resource cycle and utilized for future
ESG investment evaluations or as credits

Figure: Future vision of the project
Future plans
Following the joint trials, Teijin and Fujitsu will promote the implementation of the newplatform, with the aim of commercialization in fiscal 2023. Moving forward, the two parties
will further promote discussions and field trials with partner companies and organizations
that support this initiative and will work to contribute to the realization of a circular economy
by supporting the growth of the recycling market in various industries.
In order to realize a sustainable society, Teijin will provide innovative, people-centeredsolutions that improve peoples’ quality of life. Teijin will further strive to mitigate the impactof its business activities on the environment and society to realize its long-term vision “to bea company that supports the society of the future.”
Fujitsu is promoting "Sustainable Manufacturing" to achieve growth through thecoexistence of people and the earth as one of its key focus areas under its global businessbrand, Fujitsu Uvance.
Notes
1. V Frames GmbH:
Head office: Saalfeld, Germany; Co-founder/ Managing director ISOCO: Michael Müller
2. E Bike Advanced Technologies GmbH:
Head office: Frankfurt am Main; Co-Founder and CEO: Helge von Fugler
Related Links

Teijin and Fujitsu agree to jointly develop blockchain-based commercial platform topromote sustainable use of recycled materials (press release, July 12, 2022):
https://www.fujitsu.com/global/about/resources/news/press-releases/2022/071201.html
About Fujitsu
Fujitsu’s purpose is to make the world more sustainable by building trust in society throughinnovation. As the digital transformation partner of choice for customers in over 100

countries, our 124,000 employees work to resolve some of the greatest challenges facinghumanity. Our range of services and solutions draw on five key technologies: Computing,Networks, AI, Data & Security, and Converging Technologies, which we bring together todeliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated
revenues of 3.6 trillion yen (US$32 billion) for the fiscal year ended March 31, 2022 andremains the top digital services company in Japan by market share. Find out more:
www.fujitsu.com/
About the Teijin Group
Teijin (TSE: 3401) is a technology-driven global group offering advanced solutions in thefields of environmental value; safety, security and disaster mitigation; and demographic
change and increased health consciousness. Originally established as Japan's first rayon
manufacturer in 1918, Teijin has evolved into a unique enterprise encompassing three corebusiness domains: high-performance materials including aramid, carbon fibers andcomposites, and also resin and plastic processing, films, polyester fibers and products
converting; healthcare including pharmaceuticals and home healthcare equipment forbone/joint, respiratory and cardiovascular/metabolic diseases, nursing care and presymptomatic healthcare; and IT including B2B solutions for medical, corporate and publicsystems as well as packaged software and B2C online services for digital entertainment.
Deeply committed to its stakeholders, as expressed in the brand statement “HumanChemistry, Human Solutions,” Teijin aims to be a company that supports the society of thefuture. The group comprises some 170 companies and employs some 20,000 people
across 20 countries worldwide. Teijin posted consolidated sales of JPY 926.1 billion (USD
7.2 billion) and total assets of JPY 1,207.6 billion (USD 9.4 billion) in the fiscal year that
ended on March 31, 2022

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