Information contained in this news release is current as of the date of the press announcement, but may be subject to change without prior notice.
July 5, 2016
-Name change reflects expanded business scope-
Suwanee, Georgia, USA, July 5th, 2016 - Hitachi HVB, Inc., a wholly-owned subsidiary of Hitachi, Ltd. (TSE:6501), today announced that it has changed its name to Hitachi T&D Solutions, Inc.(Hitachi T&D Solutions). The change was made to more accurately reflect the company's expanded role in growing Hitachi's Transmission & Distribution (“T&D”) business in the Americas. The company will continue to be based in Suwanee, Georgia, USA.
Regarding the name change, Ken Badaracco, President and CEO of Hitachi T&D Solutions said, “Experts estimate that the US power grid will require upgrades and investment of more than $300 billion by 2030. Our name change reflects Hitachi's commitment to contribute to this large and critical infrastructure need in a broad and meaningful manner. Hitachi T&D Solutions will grow our partnerships with utilities to help ensure long term stability and reliability of the grid is realized.”
Hitachi T&D Solutions is a premier international supplier of electrical equipment including high-voltage circuit breakers, gas-insulated switchgear, large power transformers, and generator main circuit breakers. One of the company's significant innovative accomplishments was the introduction of the industry's first 72kV high voltage vacuum dead tank circuit breaker which eliminates the ozone depleting SF6 gas commonly used in this product. Hitachi T&D Solutions is dedicated to continuing the expansion and integration of its present products while developing new and improved solutions to meet future industry demands.
Hitachi T&D Solutions, Inc. provides circuit breakers from 69 kV to 800 kV, power transformers from 200 to 1000+ MVA and up to 800 kV, and gas insulated switchgear from 69 kV to 800 kV. Hitachi T&D Solutions also provides monitoring systems and parts services for all its products.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society's challenges. The company's consolidated revenues for fiscal 2015 (ended March 31, 2016) totaled 10,034.3 billion yen ($88.8 billion). The Hitachi Group is a global leader in the Social Innovation Business, and it has approximately 335,000 employees worldwide. Through collaborative creation, Hitachi is providing solutions to customers in a broad range of sectors, including Power / Energy, Industry / Distribution / Water, Urban Development, and Finance / Government & Public / Healthcare. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.
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