Canon, Toshiba team up for flat-screen venture, SED Inc.

Major Japanese electronics manufacturers Canon Inc. and Toshiba Corp have announced an agreement to jointly develop, make and sell next generation flat display panels which are thinner than conventional flatscreens. The two companies are to set up a joint venture to make surface-conduction electron-emitter display (SED) panels in October this year in Hiratsuka, Kanagawa prefecture, southwest of Tokyo, with initial capital of ¥1.0 billion ($US9.1 million).

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