Kenwood Electronics Technologies Singapore (“KETS”), a wholly-owned subsidiary and the Singaporean factory of Kenwood Corporation (president: Kazuo Shiohata; head office: Hachioji City, Tokyo) was a finalist for the second consecutive year at MAXA 2007, and received the Innovation Award. Manufacturing Excellence Award (MAXA) is organised by the Singapore Economic Development Board (“EDB”), together with partners McKinsey & Company and the Singapore-MIT Alliance, which comprises the Massachusetts Institute of Technology, the Nanyang Technological University and the National University of Singapore, to recognise outstanding Singapore-based manufacturers. MAXA is an Award that was first launched in 2006 with the aim of celebrating the exceptional manufacturing operations that are located in Singapore. It evaluates Singapore-based manufacturing enterprises using the criteria of “innovativeness in manufacturing operations,” “excellence in operating systems,” and “sustainability of innovativeness and excellence.” As in the past, a number of domestic and foreign manufacturing enterprises based in Singapore entered the Awards. Following the rigorous examinations which included on-site factory inspections, KETS was nominated as one of the six finalists. Then, after the judges’ final consideration, KETS was honored with the Innovation Award in recognition of its “many years of high-quality and innovative development of radio equipment.” A grand award presentation ceremony, attended by Singapore’s Prime Minister Lee Hsien Loong, was held on November 12. For KETS, this award represents one step up following on the heels of last year, in which it was nominated as a Finalist for MAXA 2006. We believe that this year’s award came in recognition of the fact that KETS kept pursuing manufacturing innovations and achieved further quality improvements subsequent to its nomination as a finalist last year, and worked actively on research and development by drawing upon resources that were available within Singapore. This award is proof that Kenwood has attained high levels worthy of international recognition in all aspects of its business, including qualitative reliability as a manufacturer, development capabilities and initiatives in dealing with environmental issues. Kenwood, encouraged by this award, will remain committed to making persistent efforts to further refine its reliability, innovativeness and sustainability as a global enterprise expanding its business operations to many countries worldwide.
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