JEOL USA Officially Announces New NMR Business

The US subsidiary made the announcement following the parent company’s announcement in January. According to Reuters, the new company issued through private placement 5,090 new shares to INCJ and JASTEC (Japan Superconductor Technology, which is owned by Kobe Steel) at the price of ¥299,400 ($3,643 = ¥82.08 = $1) per share, for a total investment of ¥1,523 million ($18.5 million).

Peabody, MA 4/6/11—JEOL USA, the US subsidiary of Japanese-based JEOL, officially announced the formation, effective April 1, of JEOL Resonance, a joint venture company with the Innovation Network Corporation of Japan (INCJ) for the development of NMR instruments (see IBO 2/15/11). JEOL Resonance will collaborate with research institutes, universities and suppliers. Additional funding for the joint venture was provided by JASTEC, the only Japanese manufacturer of superconducting magnets for NMR. JEOL Resonance will also develop and manufacture electron spin resonance spectrometers. “We expect that by expanding R&D resources and focusing efforts towards producing the next generation of NMR spectrometers, JEOL Resonance will greatly enhance the long-standing reputation of JEOL’s NMR product line,” commented Dr. Douglas Meinhart, director of JEOL USA Analytical Products. “Here at JEOL USA, we look forward to offering our customers continued excellence in sales, applications and service support.”

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