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Mitsui & Co. to participate in initiatives aimed at creating "Future Office Spaces" utilizing collaborative innovation platform "CRESNECT"

Jul. 30, 2018


Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Tatsuo Yasunaga) has agreed to jointly plan and verify initiatives for the first project of CRESNECT (Creation Space Connect), a collaborative platform announced on February 21, 2018, by Daikin Industries, Ltd., ("Daikin Industries", Head Office: Osaka, President and CEO: Masanori Togawa) which aims to create "Future Office Spaces".

CRESNECT is a collaborative innovation platform which leverages the know-how of partner companies, creates new value, solutions and services centered on various spatial data. Mitsui will play a role in building a business model for the full-scale commercialization of CRESNECT by utilizing know-how and experience built through initiatives across related service-based business areas. Alongside this, Mitsui also plans to sell the solutions and products from CRESNECT as a valued added package of service provided under "Air as a Service ("AaaS")*", a joint venture funded by Mitsui and Daikin Airtechnology and Engineering Co., Ltd ("DAT"). The solutions and products from CRESNECT can be also deployed on-site at a further 500 of Mitsui's consolidated affiliate companies. Furthermore, as part of initiatives to achieve Digital Transformation across a range of industries and social infrastructures, Mitsui will play a role in contributing to the planning and development of solutions for CRESNECT, utilizing the business assets of the Mitsui Group, as well as the products, technologies, and related know-how of Mitsui's affiliated companies and companies in its investment portfolio.

* In July 2016, Mitsui and DAT jointly established AaaS, which provides comfortable air-conditioned spaces for buildings at a fixed monthly fee. AaaS owns and installs air-conditioning equipment in buildings and commercial facilities on behalf of owners and manages operations according to the scale and actual air-conditioning usage. The company began offering services from 2017.

Overview of CRESCNECT

Official name CRESNECT
Objective Provision of solutions utilizing spatial data
Managing Company Daikin Industries
Participating companies (5 as of July 20, 2018) Okamura Corporation, Softbank Group Corp., Tokio Marine & Nichido Fire Insurance Co., Ltd., Mitsui & Co., Ltd., Lion Corporation
At the joint press conference. From the left: Kazumi Arakawa, Director and Senior General Manager of the Marketing and Product Division at Okamura Corporation, Yasuyuki Imai, Representative Director & COO at Softbank Group Corp, Yuji Yoneda, Executive Officer General Manager of the Technology and Innovation Center at Daikin Industries, Ltd., Naoyasu Funahashi, Associate Director of Kansai Production Dept.3 at Tokio Marine Nichido, Masaki Saito, Chief Operating Officer of IT & Communication Business Unit at Mitsui & Co., Ltd, and Kosuke Tanaka, Deputy Executive General Manager of Research & Development Headquarters at Lion CorporationAt the joint press conference. From the left: Kazumi Arakawa, Director and Senior General Manager of the Marketing and Product Division at Okamura Corporation, Yasuyuki Imai, Representative Director & COO at Softbank Group Corp, Yuji Yoneda, Executive Officer General Manager of the Technology and Innovation Center at Daikin Industries, Ltd., Naoyasu Funahashi, Associate Director of Kansai Production Dept.3 at Tokio Marine Nichido, Masaki Saito, Chief Operating Officer of IT & Communication Business Unit at Mitsui & Co., Ltd, and Kosuke Tanaka, Deputy Executive General Manager of Research & Development Headquarters at Lion Corporation
Conceptual diagram of CRESNECTConceptual diagram of CRESNECT