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Toshiba is to sell all its involvement of SED Inc. (the joint venture development company behind the revolutionary SED TV display technology), to Canon. Toshiba says that after discussions between the two companies, it was decided that Canon would carry out the SED panel business independently “in order to facilitate the earliest possible launch of a commercial SED television business.” Toshiba says that the first SED television sets will be introduced in Japan in the fourth quarter of this year as originally scheduled. SED Inc. will become a wholly owned subsidiary of Canon, from January 29.
According to a joint statement, the decision was based on the assumption of prolonged litigation pending against Canon in the US with respect to SED technology.
Kazunori Fukuma, the current president of SED Inc, will resign from Toshiba, after which he will be hired by Canon in order to continue to serve as SED Inc. president. Toshiba engineers currently involved with the SED project will continue to work on panel development for SED inc.