HONG KONG, Apr 13, 2026 - (ACN Newswire) - Mint Incorporation Limited (“Mint”, NASDAQ: MIMI), a Hong Kong-based company with a new strategic focus on artificial intelligence (AI) and robotics, and an established business interior design and fit-out works provider, today announced that its wholly-owned subsidiary, Axonex Intelligence Limited ("AXONEX"), is participating in the Hong Kong International Creative & Technology Expo (InnoEX), organised by the Hong Kong Trade Development Council (HKTDC). InnoEX runs from 13 to 16 April at the Hong Kong Convention and Exhibition Centre. As Asia’s annual flagship innovation and technology event, InnoEX brings together cutting-edge technologies and smart solutions from around the world, serving as a key platform for cross-sector collaboration and business matching. This year’s edition places a strong focus on AI and robotics. AXONEX is showcasing its latest series of robotics products at InnoEX, demonstrating the Group’s R&D achievements in artificial intelligence.

AXONEX is presenting a total of 6 different robot series at InnoEX. Among them, the newly developed production-oriented semi-humanoid robot NEX makes its debut. NEX is a semi-humanoid robot that combines an embodied AI system powered by NVIDIA Jetson AGX Orin with AXONEX’s proprietary AX-CORE database. Equipped with AI vision recognition and grasping algorithms, NEX can recognise over 100 different scenes, objects, and actions. Its modular control architecture enables its wheeled chassis, torso‑and‑arm assembly, and dexterous hands to operate independently and precisely in coordination, allowing it to perform complex grasping tasks. The exterior design, meticulously crafted by AXONEX’s professional design team, delivers a high-tech yet friendly appearance. Functional features include a programmable function library, scheduled task execution, and multiple grasping modes (e.g., souvenir grasping, cargo grasping), as well as left-right hand coordination (suitable for airport luggage trolley scenarios). NEX is applicable to a wide range of scenarios, including medical care, industrial applications, retail, and exhibition demonstrations.

AXONEX is also presenting, the AI-powered companion robot FLOKI Minibot M1 (chassis model R-300), co-developed with Rice Robotics. The FLOKI Minibot M1 is an intelligent daily companion that combines AI-driven personalisation with practical functions, including smart reminders, proactive notifications, natural conversation, concierge services, and educational tutoring. Its unique strength lies in its ability to develop a personalised interaction style with each user, delivering a more intuitive and engaging experience than some existing companion robots on the market. Future development roadmaps for the FLOKI Minibot M1 include customised upgrades for the education, hospitality, and entertainment sectors. In addition, AXONEX is showcasing the NEO (R-100 chassis), a desktop/hanging smart companion robot, which is currently in discussions with various IP partners for collaboration and is expected to be gradually launched to the market in the near future.

InnoEX also features the Model Larry L, Model Max M3, and Model Parry P patrol robot series, covering diverse application scenarios such as services, inspection, security, and smart buildings, fully demonstrating the Group’s R&D strength in the AI robotics field. The exhibition area also displays the Group’s latest AI solutions, focusing on areas such as low‑altitude economy non‑aircraft platforms.

In addition, AXONEX also showcased a number of its latest in‑house developed AI smart platforms, covering multiple scenarios including home, security, workplace, aerial, and vertical transport, fully demonstrating the company’s innovation capabilities in the robotics and smart systems field. These include Xero Basic, a home robotics operations platform that helps residents manage and monitor robots from different brands; Xero Pro, a ground patrol security platform offering autonomous patrol and real‑time incident response; Optimus, a workplace intelligence platform that integrates real‑time environmental and infrastructure data to enhance management and decision‑making efficiency; Raven, an aerial drone operations platform supporting fleet‑based monitoring, inspection, and rapid response; and OPUS, a universal lift control system that, through its patented lift control button and integrated interface, ensures precise and safe vertical transport for robots via lifts. The launch of these platforms marks an important milestone for the company in smart living and industrial applications, delivering more efficient, safer, and smarter solutions to the market.

Mr. Damian Chan, Chairman of the Board and Chief Executive Officer of Mint, said: "AXONEX’s participation in InnoEX is an important step for us to showcase our transformation results and connect with global resources. Our goal is not just to build individual robots, but to build a complete ecosystem covering different types of robots (production, patrol, and companion), intelligent control software, and application scenarios. Through this exhibition, we aim to convey to the global industry the Group’s philosophy of 'empowering humanity through AI and robotics'. Going forward, the company will continue to invest in and expand its AI image analysis platform and intelligent development systems that align with our core business. Our vision is to build a smart industry ecosystem – from space construction, smart insurance, robots, AI data platforms, AI agents, business operations, to industrial data analysis – offering customisable and personalised services and products to clients with different needs. With Hong Kong as our base, we will continue to optimise our products and gradually expand into overseas markets such as Southeast Asia, Japan, and the United States, steadily building a robotics enterprise driven by Hong Kong’s core technologies."

The AI and robotics industry is currently facing core demands such as operational efficiency improvement, security control enhancement, and cost optimisation. Automated and smart solutions have become the industry trend. AXONEX’s new semi-humanoid robot NEX addresses market pain points with core technologies including AI vision navigation, precision grasping, and multimodal interaction, effectively tackling industry challenges such as high labour costs in the service sector, difficulties in standardising operations, and the need to improve human‑robot interaction experiences. With the Group’s continuous expansion into overseas markets such as Southeast Asia and Japan, along with ongoing optimisation of Hong Kong’s homegrown technologies, the Group is well‑positioned to leverage its core technological advantages to secure an important place in the global AI and robotics market, helping Mint achieve a comprehensive transformation towards the technology industry.

Appendix 1 – Robots Showcased by AXONEX at InnoEX

Appendix 2 – AI Smart Platforms Showcased by AXONEX at InnoEX

About Mint Incorporation Limited

Mint Incorporation Limited (NASDAQ: MIMI), a Hong-Kong based enterprise listed on NASDAQ, specializes in artificial intelligence (AI), robotics, and interior design. Through its subsidiary Axonex Intelligence Limited, the company delivers intelligent robotics and facility management solutions to enterprises, real estate, shopping centers, government agencies, and more. Mint also operates Matter International Limited, providing professional interior design and renovation services. With a focus on innovation and practical applications, Mint is committed to enhancing efficiency, safety, and quality of life across industries.

Rice Robotics Holdings Limited

Rice Robotics Holdings Limited is a renowned leader in autonomous delivery robot solutions, with a strong market presence across Asia. The company specializes in the design, development, and deployment of intelligent robotic systems for logistics and service industries. Its core technology platforms serve high-profile clients in Japan, demonstrating proven reliability in complex operational environments.  With a focus on innovation and real-world application, Rice Robotics is committed to transforming last-mile delivery and service automation, enhancing operational efficiency and redefining customer experiences.

Hydrolution EZY Series (Left: 6 kW, 7.1 kW Right: 10 kW, 14 kW)

TOKYO, Mar 19, 2026 - (JCN Newswire) - Mitsubishi Heavy Industries Thermal Systems, Ltd. (MHI Thermal Systems), a part of Mitsubishi Heavy Industries (MHI) Group, has expanded its lineup in the "Hydrolution EZY" series of air-to-water (ATW) heat pumps for the European market that utilize R290 natural refrigerant. New models with capacities of 10kW and 14kW have been added to the two existing 6kW and 7.1kW models to meet a wide range of needs in the region. MHI Thermal Systems plans to release the new models successively in European markets starting this spring.

ATW heat pumps extract heat from the air to supply cold and hot water for hot water supply, heating, and cooling. The monobloc type models added to the lineup have a water heat exchanger built into the outdoor unit, so only water lines need to be fitted, allowing for easier installation than split-type ATWs, which require refrigerant pipe connections. In addition, R290 refrigerant has an extremely low global warming potential of 0.02,(Note) and has been attracting attention, mainly in the increasingly tight regulatory environment of Europe, for its high energy efficiency and low environmental impact.

The newly added 10kW and 14kW models, like the 6kW and 7.1kW models, have the basic features of high temperature hot water supply, high efficiency, low noise, and safety. Modifications to components to be compatible with the new refrigerant, and the adoption of a new in-house developed compressor, allow the units to maintain a high flow temperature of 75℃ under a wide range of conditions, from an outside temperature of minus 25℃ to plus 43℃. The 10kW and 14kW models are also equipped with separate electronic expansion valves for heating and cooling, allowing for optimal control and high efficiency over a wide range. For low noise operation, the units have a double vibration isolation structure, a triple sound-absorbing structure, and a large fan, and can be set to quiet mode to further reduce operating noise, thereby providing flexibility to comply with noise regulations in densely populated residential areas. Additionally, the units have been designed with safety in mind, and are equipped with a refrigerant leak detection sensor.

The design concept is the same as that for the 6kW and 7.1kW models. The units are black to blend seamlessly with European residences, and are fitted with a fan guard accented with a silver vertical stripe. The structure makes it difficult to see the fan from an angle, completing an exterior design that is powerful and sophisticated, while also blending into the background in a variety of installation environments. The only difference in appearance from the 6kW and 7.1kW models is the height, creating a sense of cohesion even when multiple units are installed.

In terms of power supply specifications, the 10kW and 14kW models offer a single-phase 230V power supply or a newly added three-phase 400V power supply, making them suitable for a wider variety of installation environments and power supply requirements. Control specifications, as with the 6kW and 7.1kW models, allow for up to eight outdoor units to be connected and controlled with a single indoor control unit, allowing for use in buildings of various sizes.

In October 2021, MHI Group announced its MISSION NET ZERO declaration to reduce CO2 emissions throughout the corporate group and achieve carbon neutrality by 2040, including cutting emissions from its own plants and other production-related facilities, as well as reducing CO2 emissions at customer facilities that use MHI Group products. The Hydrolution EZY series, by supporting the transition from boiler combustion using fossil fuels that emit high concentrations of CO2 to ATW using electricity, can contribute significantly to the promotion of carbon neutrality in European countries, and help MHI Group achieve its environmental goals.

Going forward, MHI Thermal Systems will continue to develop environmentally friendly technologies, and by taking advantage of synergies that leverage the company's broad business foundation in the heating and cooling sector, provide optimal thermal solutions, and contribute to carbon neutrality in countries around the world.

(Note) Global Warming Potential (GWP) is a coefficient expressing the greenhouse effect of a gas relative to carbon dioxide (CO2), which has a fixed GWP of 1.0. The lower the value, the lower the greenhouse effect and the better for the environment. The GWP value of "0.02" is based on the IPCC Sixth Assessment Report.

About MHI Group

Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com

TOKYO, Mar 5, 2026 - (JCN Newswire) - TANAKA PRECIOUS METAL TECHNOLOGIES Co., Ltd. (Head Office: Chuo-ku, Tokyo; Representative Director & CEO: Koichiro Tanaka), a company engaged in the industrial precious metals business of TANAKA, today announced the successful development of “HPM-L111”, the world’s first metal^*1 palladium (Pd) hydrogen permeable membrane capable of delivering high hydrogen permeation performance at low temperature range around 100°C. The breakthrough enables high-purity and fast hydrogen purification at significantly lower temperatures than previously possible, reducing energy consumption and supporting next-generation hydrogen ecosystem development across global markets.

Sample shipments of HPM-L111 is scheduled to begin on or after March 5, 2026, with production capacity of approximately 100 samples per month.

An academic presentation regarding this product will be made at The Japan Institute of Metals and Materials’ “2026 Spring Meeting,” which will be held at Chiba Institute of Technology from March 11 to 13, 2026. The product and a panel display will also be showcased at “H2 & FC EXPO Int’l Hydrogen & Fuel Cell Expo” being held at Tokyo Big Sight from March 17 to 19, 2026.

A palladium hydrogen permeable membrane is a thin membrane product made from palladium alloy, which has the properties of hydrogen absorption and permeation. It is widely used for the separation and purification of high-purity hydrogen. Traditionally, metal membranes require high temperatures (at least 300°C) to achieve effective hydrogen permeation. By applying special treatment to the membrane’s surface, TANAKA succeeded in developing a metal membrane that can demonstrate high hydrogen permeation performance even at a low temperature range at or below 100°C.

Issues in hydrogen purification using metal membranes and background to the development of HPM-L111

Among PdCu alloy membranes, the existing product PdCu40 (an alloy with 60% palladium content and 40% copper content) has the highest level of hydrogen permeation performance. However, operation at a high temperature range of around 400°C is required to achieve its true performance, and higher costs from the addition of heating facilities and such were an issue for many years. Furthermore, with the advancement of hydrogen-related technologies in recent years, there are increasing need for hydrogen permeation using metal membranes in the low temperature range of 100°C or lower. Meanwhile, the speed of hydrogen penetration from the surface into metal membranes generally decreases when the temperature is 200°C or lower, significantly reducing the hydrogen permeation performance of conventional metal membranes and making practical application an issue.

To solve these issues, for HPM-L111, TANAKA adopted its proprietary surface treatment technology nurtured through many years of precious metal materials research. Minute jagged structures were formed on the membrane’s surface to increase the specific surface area, resulting in a higher hydrogen penetration speed and achieving significant improvement in hydrogen permeation performance in the low temperature range of 100°C or lower.

Features of HPM-L111

• High hydrogen permeation performance in the low temperature range around 100°C
• World’s first metal membrane allowing high-purity hydrogen purification in the low temperature range around 100°C
• Expected contributions to higher accuracy of hydrogen sensors
• Allows high-speed removal of hydrogen generated within devices

Expected applications of high-purity hydrogen permeation in the low temperature range, or 100°C or lower, include hydrogen sensors, fuel cells, and removal of hydrogen in vacuum equipment. In hydrogen sensors, it can help to improve detection accuracy by isolating interfering gases, while in vacuum equipment and such, it allows hydrogen to be removed from inside the equipment while maintaining an operating environment close to room temperature or a low temperature range. Furthermore, it can contribute toward the realization of carbon neutrality by reducing the energy for heating, as the heating process to at least 300°C—which was previously required—is no longer necessary. TANAKA will support the realization of a clean and efficient hydrogen society through the provision of this product.

^*1 As of March 5, 2026, based on internal research (according to a survey of patents and papers on hydrogen permeable membranes)

About TANAKA

Since its foundation in 1885, TANAKA has built a portfolio of products to support a diversified range of business uses focused on precious metals. TANAKA is a leader in Japan regarding the volume of precious metals it handles. Over many years, TANAKA has manufactured and sold precious metal products for industry and provided precious metals in such forms as jewelry and assets. As precious metals specialists, all Group companies in Japan and worldwide collaborate on manufacturing, sales, and technology development to offer a full range of products and services. With 5,591 employees, the group’s consolidated net sales for the fiscal year ended December 2024 were 846.9 billion yen.

TANAKA Industrial Precious Metal Materials Portal
https://tanaka-preciousmetals.com

Product inquiries
TANAKA PRECIOUS METAL TECHNOLOGIES Co., Ltd.
https://tanaka-preciousmetals.com/en/inquiries-on-industrial-products/

Press inquiries
TANAKA PRECIOUS METAL GROUP Co., Ltd.
https://tanaka-preciousmetals.com/en/inquiries-for-media/

Press Release: https://www.acnnewswire.com/docs/files/2026305_EN.pdf 

TOKYO, Mar 3, 2026 - (JCN Newswire) - TANAKA PRECIOUS METAL TECHNOLOGIES Co., Ltd. (Head office: Chuo-ku, Tokyo; Representative Director & CEO: Koichiro Tanaka), a company engaged in the industrial precious metals business of TANAKA, today announced a gold bump^*1 transfer technology for the sintered gold (Au) bonding technology, AuRoFUSE™ Preforms. This technology allows AuRoFUSE™ Preforms (gold bumps) to be formed even on semiconductor chips and substrates^*2 with complex structures.

Advantages of being able to transfer gold bumps

In this technology, at first, gold bumps are formed on a substrate (transfer substrate). Then, the gold bumps are transferred to the target semiconductor chip or substrate. Openings are created on the silicon substrate used as the transfer substrate, and gold bumps are formed in them. By filling the entire opening, the gold bump is held by the substrate, eliminating the risk of dropping during the process. Meanwhile, during transfer, the gold bump shrinks under heat-treatment, forming a tiny gap between the opening and the gold bump. This allows easy extraction of gold bumps by the application of a force in the vertical direction.

As the traditional gold bump formation process is a method that directly forms bumps on the target semiconductor chip or substrate, it is difficult to handle target chips and substrates with complex shapes, such as protrusions, dents, or open holes due to issues such as inconsistent resist heights.

In this current transfer technology, gold bumps are manufactured separately and can be transferred only to the target locations. This allows the technology to also be applied to complex shapes. It can also be used with semiconductor chips and substrates that are difficult to process using photolithography^*3 due to concerns about damage from stripping solutions and others.

Manufacturing of transfer substrate and transfer and bonding process

(1) Preparation of silicon substrate as transfer substrate
(2) Application of photoresist to silicon substrate
(3) Exposure and development of target pattern
(4) Etching of silicon substrate to create holes
(5) Application of AuRoFUSE™ using a squeegee, etc.
(6) Vacuum drying of AuRoFUSE™ at room temperature and scraping off excess gold particles on the resist
(7) Removal of resist to complete transfer substrate
(8) Placement of transfer substrate on target (semiconductor chip or substrate) for gold bump formation, thermocompression at 10 MPa and 150℃ for one minute, followed by vertical lifting of substrate to transfer gold bumps
(9) Bonding of post-transfer target through thermocompression at 20 MPa and 200℃ for 10 seconds

An illustration of the traditional gold bump formation process is available in the “Manufacturing of AuRoFUSE™ Preforms” section for reference on TANAKA’s website.

About the sintered gold bonding technology “AuRoFUSE™ Preforms”

Developed by TANAKA, “AuRoFUSE™ Preforms” is a bonding technology that forms bumps of all kinds of shapes using a paste comprising gold particles and an organic solvent. Through a thermocompression bonding process (20 MPa at 200℃ for 10 seconds), AuRoFUSE™ Preforms exhibits compression of approximately 10% in the compressive direction while showing minimal deformation in the horizontal direction. This gives them sufficient bonding strength^*4 for practical applications. With the main component being gold, which has a high level of chemical stability, AuRoFUSE™ Preforms also provides excellent reliability after mounting.

This technology enables miniaturization of semiconductor wiring and greater integration (higher density) for various types of chips. It is expected to contribute to the needs for miniaturization and better performance of semiconductors, which have been rising in recent years, including optical devices such as light-emitting diodes (LEDs) and semiconductor lasers (LDs), use in digital devices such as personal computers, smartphones, as well as in-vehicle components, micro-electromechanical systems (MEMS), and such.

Traditionally, the main methods used in bump formation technology are soldering and plating. However, as solder tends to spread outward in molten state, there was the risk of short-circuiting through contact between electrodes as the bump pitch becomes finer. Meanwhile, plating can achieve a fine pitch, but because comparatively higher pressures are required during bonding, there is the possibility of causing chip damage. For reference, an illustration outlining the advantages of this technology compared with soldering and plating materials is provided in the “Comparison of AuRoFUSE™ Preforms with Other Materials” section on TANAKA’s website. This technology was developed to address these issues for use in next-generation high-density mounting and photonics-electronics integration devices.

AuRoFUSE™ and TANAKA’s gold materials

AuRoFUSE™ is a paste-type bonding material containing a mixture of gold particles, with the particle diameter controlled to be submicron sized, and an organic solvent. Compared to the melting point of gold (approximately 1,064℃), bonding is possible at a low temperature of approximately 200℃.

Gold is a material with low electrical resistance and extremely high thermal conductivity. Therefore, in power semiconductors that handle large currents and high-density chips that dissipate a lot of heat, it can efficiently dissipate heat and limit energy loss. Among precious metals, it is also particularly resistant to oxidation and has stable properties, making it less susceptible to corrosion after mounting and ion migration (a phenomenon in which metals move and cause short circuits). This allows it to maintain high reliability over long periods of time.

TANAKA is highly skilled in precious metal material development technologies, developed since its establishment. It has used these technologies to undertake development of precious metal materials, such as gold, which plays a key role in the semiconductor field. With a system that integrates the entire chain of processes, from raw material procurement to material development, manufacturing, and recycling, TANAKA will contribute to the development of semiconductor technologies and the realization of a sustainable society while effectively using limited precious metal resources.

^*1 Bumps: Protruding electrodes
^*2 Substrate: Board that electrically and mechanically supports semiconductor chips mounted on it
^*3 Photolithography: Technology for forming fine circuit patterns on substrates
^*4 Bonding: Refers to shear strength (strength determined through application of a lateral load during testing)

About TANAKA

Since its foundation in 1885, TANAKA has built a portfolio of products to support a diversified range of business uses focused on precious metals. TANAKA is a leader in Japan regarding the volume of precious metals it handles. Over many years, TANAKA has manufactured and sold precious metal products for industry and provided precious metals in such forms as jewelry and assets. As precious metals specialists, all Group companies in Japan and worldwide collaborate on manufacturing, sales, and technology development to offer a full range of products and services. With 5,591 employees, the group’s consolidated net sales for the fiscal year ended December 2024 were 846.9 billion yen.

TANAKA Industrial Precious Metal Materials Portal
https://tanaka-preciousmetals.com

Product inquiries
TANAKA PRECIOUS METAL TECHNOLOGIES Co., Ltd.
https://tanaka-preciousmetals.com/en/inquiries-on-industrial-products/

Press inquiries
TANAKA PRECIOUS METAL GROUP Co., Ltd.
https://tanaka-preciousmetals.com/en/inquiries-for-media/

Press Release: https://www.acnnewswire.com/docs/files/20260303_EN.pdf 

Compressor

TOKYO, Feb 27, 2026 - (JCN Newswire) - Mitsubishi Heavy Industries Compressor Corporation (MCO), a part of Mitsubishi Heavy Industries (MHI) Group, has acquired all shares of AST Turbo AG (AST), a Swiss company specializing in rotating equipment maintenance services, as of February 27.

AST is engaged in maintenance, inspection, and field services for rotating equipment such as compressors and steam turbines that drive compressors, used in resource and energy development sites, including in the oil and gas sectors. The company has highly experienced technical supervisors and advanced engineering capabilities, such as virtual assembly technology utilizing 3D laser measurement(*1). AST has a proven track record of projects in Europe, North America, the Middle East, and other regions worldwide. Through this acquisition, MCO aims to strengthen its field service system in international markets.

Turbo machinery such as compressors requires indispensable after-sales services, including replacement of consumable parts, repairs, and inspections following installation. In recent years, customers have increasingly requested shorter inspection intervals to improve equipment uptime, along with greater use of virtual assembly technology and deployment of experienced supervisors. MCO and AST have a long established and collaborative relationship and have jointly provided field service on several projects to date. Following the acquisition, under the leadership of AST's current management team, the company will leverage its existing customer and business base, while integrating MCO's and the MHI Group's technological expertise and know-how to further enhance service quality and expand business operations.

With this acquisition, MCO is committed to better meeting customer expectations and delivering high-quality services to customers worldwide.

This acquisition is an example of the partnering initiatives promoted by the MHI Group. The Company will continue to build strategic partnerships globally to incorporate external expertise through partnering efforts and deliver its technologies, products, and services to a wider range of customers.

(*1) Virtual assembly technology refers to a technique that uses 3D data to simulate the product assembly process on a computer. This enables the omission of certain on-site assembly steps, resulting in shorter inspection periods, maintaining plant high availability.

About AST Turbo AG

Company Name: AST Turbo AG
Headquarters: Altendorf, Switzerland
Founded: 2012
Core Business: Maintenance and field services including installation for rotating equipment such as compressors and steam turbines that drive compressors
For more information, please visit https://www.ast-turbo.com/

About MHI Group

Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.

TORONTO, CANADA, Feb 20, 2026 - (JCN Newswire) - Hitachi Rail today announced that it is investing of almost C$30 million in a new state-of-the-art Canadian headquarters in Toronto, Ontario.

The new HQ hosts Hitachi Rail’s Global Communications-Based Train Control (CBTC) Competence Centre, which provides the engineering and technical expertise around the world. This new announcement builds on a C$100 million commitment to develop SelTrac™ G9, the next generation of cutting-edge rail signalling technology from this new office.

The new headquarters spans 125,000 sq. ft. across 5.5 floors will be the base for 1,100 Hitachi Rail employees and 100 paid interns. The office is located in Consilium Place in Toronto’s Scarborough district and is due to open officially in summer 2026.

As a LEED Silver and BOMA-certified building, the choice reflects Hitachi Rail’s commitment to operating in environmentally friendly sites, in addition to providing sustainable rail solutions. The company is prioritising employee well-being by offering a gym, daycare and EV charging stations.

The new office boosts Toronto’s position as a hub for tech jobs and reinforces Canada’s status as a growing leader in rail technology. The investment underlines Hitachi Rail’s long-term commitment to Ontario and its position as the only Canadian domestics signalling provider.

“This C$30m investment reinforces our commitment to Ontario and builds on our rail technology leadership in Canada. Our new state-of-the-art office will attract the next generation of new tech talent to Hitachi Rail. It will also be the hub the next generation signalling technology that will increase capacity, improve reliability and reduce costs for transit systems around the world,” said Arnaud Besse, Chief Operating Officer, Hitachi Rail Canada

“I am proud to welcome Hitachi Rail’s new headquarters to Scarborough-Guildwood. Hitachi Rail has already demonstrated strong leadership in advancing transit solutions across our city, and this investment builds on that important work. This new headquarters will strengthen our local economy, create meaningful jobs and opportunities for young people, and position Ontario at the forefront of next-generation rail innovation. Scarborough has waited a long time for real transit progress, and investments like this show what’s possible when global partners choose to build, hire, and grow locally,” said Andrea Hazell, MPP Scarborough—Guildwood.

Rail Technology Leadership in Toronto

SelTrac™ CBTC technology, developed from Toronto, is the solution of choice for complex urban rail systems around the world, including in London, Paris, New York, Dubai, Seoul, Singapore, and major Canadian cities like Vancouver, Ottawa, Montreal and Toronto. This next generation CBTC technology being developed in Canada will integrate AI and 5G to deliver smarter, more efficient and more sustainable subway systems. For transit operators around the world, it will translate to lower operating costs, improved reliability, increased capacity and better journeys for passengers. For example, its resignalling of four London Underground lines led to a 33% increase in peak passenger capacity.

Economic Growth and Skills

Hitachi Rail’s signalling business, centered in Toronto for almost 50 years, has brought billions of dollars into the Canadian economy by exporting its Seltrac™ CBTC systems to more than 100 metros in 40 cities globally.

The company is also supporting the next generation of rail expertise through partnerships with post-secondary institutions. In 2025, Hitachi Rail signed an MoU with Ontario Tech University, to the development and direction of a first-of-its-kind Railway Engineering Specialization. Hitachi Rail’s commitment to the future of rail jobs in Canada is underscored by the company’s 100+ paid internship a year and its recognition as a Top Employer for Young People in Canada.

Hitachi Rail is also the lead partner for the Ontario Line, North America’s largest subway project, which will transform transit in Toronto [responsible for Rolling Stock, Signalling, Operations and Maintenance].

Hitachi Rail’s experience in Canada began in the 1970s when it invented and delivered the signalling technology behind the first ever driverless subway, Vancouver’s SkyTrain.

About Hitachi Rail

Hitachi Rail is committed to driving the transition to sustainable mobility and has a clear focus on partnering with customers to rethink mobility. Its mission is to help every passenger, customer, and community enjoy the benefits of more connected, smooth, and sustainable transportation.

With a turnover of more than €7 billion and 24,000 employees in more than 50 countries, Hitachi Rail is a reliable partner for the world's best transport companies. The company's presence is global, but the company is local, with success based on developing local talent and investing in people and communities.

Its international expertise and experience covers every part of urban ecosystems, main lines and freight railways, from high-quality production and maintenance of rolling stock to digital signalling, payment systems and smart operations.

Hitachi Rail, famous for Japan's iconic high-speed train, leverages the digital and artificial intelligence expertise of Hitachi Group companies to accelerate innovation and develop new technologies.

For more information, visit the hitachirail.com.

About Hitachi, Ltd.

Through its Social Innovation Business (SIB) that brings together IT, OT (Operational Technology) and products, Hitachi contributes to a harmonized society where the environment, wellbeing, and economic growth are in balance. Hitachi operates globally in four sectors—Digital Systems & Services, Energy, Mobility, and Connective Industries—and the Strategic SIB Business Unit for new growth businesses. With Lumada at its core, Hitachi generates value from integrating data, technology and domain knowledge to solve customer and social challenges. Revenues for FY 2024 (ended March 31, 2025) totaled 9,783.3 billion yen, with 618 consolidated subsidiaries and approximately 280,000 employees worldwide. Visit us at www.hitachi.com.

Demonstration test equipment integrating SOEC co-electrolysis and FT synthesis

TOKYO, Feb 13, 2026 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) has conducted a demonstration of an integrated production process for synthesizing liquid fuels from carbon dioxide, water, and electricity, successfully producing liquid synthetic fuels through an integrated production system. The demonstration was conducted at MHI's Research & Innovation Center (Nagasaki District). In this process, SOEC co-electrolysis(1) is employed to produce hydrogen and carbon monoxide, which are then used as the feedstock for production of liquid synthetic fuels using Fischer-Tropsch (FT) synthesis equipment.(2) A chemical analysis of the synthesized liquid fuel confirmed that the demonstration had obtained components suitable for sustainable aviation fuel (SAF).

Co-electrolysis is a process for electrolysis of both water vapor and carbon dioxide, allowing for simultaneous production of hydrogen and carbon monoxide, which are the feedstock for synthetic fuels. In addition, MHI is utilizing its proprietary technology to develop a tubular type SOEC cell stack.(3) Co-electrolysis in this SOEC cell stack is expected to simplify the process and improve economic efficiency through highly efficient electrolysis, supporting the production of cost-competitive synthetic fuels.

The International Civil Aviation Organization (ICAO) has set a target to achieve net-zero CO2 emissions in the international aviation sector by 2050.(4) To meet this target, low-carbon fuels such as SAF and carbon credits are expected to account for more than 70% of the offsetting and reduction , so the demand for SAF is forecast to increase significantly worldwide. MHI aims to offer high value-added SAF production systems that combine SOEC co-electrolysis with existing FT synthesis processes.

In addition to SAF, the hydrogen and carbon monoxide produced by SOEC co-electrolysis can also be used as feedstock for carbon-neutral synthetic fuels for automobiles and ships (gasoline, diesel fuel, methanol, methane), as well as city gas (methane). The many applications of SOEC co-electrolysis make it a promising technology, with potential to offer a broad range of options for the realization of a decarbonized world.

Going forward, MHI will utilize the knowledge gained from this demonstration to establish and implement decarbonization technologies at an early stage, and contribute to the realization of a sustainable, carbon-neutral world.

Processes and products derived from synthetic gas

Road map for synthetic fuel production technology (SOEC co-electrolysis) development

(1) "SOEC (Solid Oxide Electrolysis Cell) co-electrolysis" is a technology that uses solid oxides as electrolytes to simultaneously electrolyze carbon dioxide and water vapor at high temperatures. See the following Technical Review for details. https://www.mhi.com/technology/review/pdf/e623/e623040.pdf

(2) "FT (Fischer-Tropsch) synthesis" is a technology to generate chemical reactions in hydrogen and carbon monoxide to produce liquid hydrocarbons. It is named after the German chemists Franz Fischer and Hans Tropsch.

(3) Multiple ceramic functional membranes molded on the tubular surface. See the following Technical Review for details. https://www.mhi.com/technology/review/sites/g/files/jwhtju2326/files/tr/pdf/e621/e621030.pdf

(4) For more information on the ICAO's goals, see the following. https://www.icao.int/environmental-protection/long-term-global-aspirational-goal-ltag-international-aviation

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