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News Release

Initiative relating to basic research and strategy preparation for the realization of the Amata Science City Project

October 17, 2011

Overview

 The Japan Research Institute, Limited (President: Yasuyuki Kimoto; Head office: Chiyoda-ku, Tokyo; “JRI”) and Hubconcepts Inc. (“Hubconcepts”) are to carry out basic research and draw up strategies to prepare for realization of the Amata Science City (“ASC”) concept, by Amata Corporation Public Company Limited (“Amata”)
 ASC is a science city that Amata is planning to develop, in view of competition with neighboring countries to attract industry, growing environmental consciousness and the emergence of new fields of industry in conjunction with technological innovation, aiming to create a new center of innovation that will further enhance industrial added value in Thailand. The plan is to coordinate with the Amata Nakorn Industrial Estate and the Amata City Industrial Estate (two of Thailand’s largest industrial estates with around 700 companies), which Amata is also developing and managing, with a focus on attracting corporate R&D functions and R&D-based companies.
 JRI and Hubconcepts have both signed agreements with Amata on the “Initiative relating to basic research and strategy preparation for the realization of the Amata Science City Project”. The two companies, as joint contractors, will draw up a strategy for the construction of advanced industrial clusters, a strategy for partnerships with private-sector educational institution and a strategy for advanced technology and human resources development, and will prepare eco-friendly infrastructure and information & telecommunications infrastructure suitable for a center of innovation, aiming to complete this work by the end of 2011.
 JRI and Hubconcepts believe the project will further strengthen economic and industrial ties between Japan and Thailand, and, through the advancement of industry in Thailand, will contribute to the continued growth of Thailand’s economy. They also plan to step up their efforts to create related businesses such as such as the provision of eco-friendly infrastructure and high-grade services to industrial clusters formed by Japanese-affiliated companies.

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