Notice of establishment of joint venture with Musashi Seimitsu Industry Co., Ltd. and SixEye Interactive Ltd. regarding AI

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Musashi Seimitsu Industry Co., Ltd. (Global Headquarters: Toyohashi-city, Aichi, Japan; President and CEO: Hiroshi Otsuka) announced today the agreement for the establishment of Musashi AI Ltd. in collaboration with Israeli technology pioneer and founder of Poliakine Innovation, Ran Poliakine, and SixEye Interactive.

Musashi has seized the market opportunity, bringing Industry 4.0, and has collaborated with Poliakine Innovation to develop AI technology to realize a smart factory.
The two companies have agreed to establish a joint venture, Musashi AI Ltd., with SixEye Interactive Ltd., in order to accelerate the technology development, implementation at the manufacturing sites and the global expansion.
Musashi AI realizes collaboration between humans and machine, and provides customers with new value created by optimization of manufacturing process.

“Musashi AI will fundamentally reinvent Industry 4.0 and change the rules of the game,” said Ran Poliakine. “There is significant discussion about Industry 4.0, but there is a gap in leadership around the essential element to take it to the next level – the smart factory. Leaders in innovation and disruption must partner to transform the old into the bold, and the partnership between Musashi Seimitsu and Poliakine Innovation, along with SixEye Interactive, is exactly what’s needed to make Industry 4.0 a reality, bringing innovative solutions to the forefront far more quickly than previously conceived.”

“We are at the start of the next great industrial transformation powered by artificial intelligence and the smart factory,” said Hiroshi Otsuka, president and CEO of Musashi Seimitsu Industry Co., Ltd. “As we enter this new world of disruptive innovation, organizations that embrace Industry 4.0 will enjoy the rewards of greater productivity, rapid innovation, reduced costs and empowered employees. We created Musashi AI Ltd. to act nimbly and efficiently and to serve as a leader of this revolution. We are excited to build a vibrant new ecosystem around Industry 4.0 because this revolution requires strong partnerships amongst likeminded industry leaders.”

At “AI EXPO Tokyo” (April 3-5, Tokyo Big Sight Aomi Hall), Musahi AI proposes the solutions from manufacturing sites, such as the Visual Inspection Machine and Self-Driving Automated Forklift to aim the smart factory that enables to collaborate in real time between machines and machines, machines and humans.

About Poliakine Innovation:
Serial entrepreneur Ran Poliakine founded successful companies like Illumigyn, Wellsense, nanoX Technologies and Powermat Technologies, the original wireless charging solution. Mr. Poliakine is passionate about "using technology for good," and his Jerusalem-based Innovation Center brings together great technological minds in artificial intelligence, engineering, mathematics, and physics.

About SixEye Interactive:
SixEye Interactive is part of the Carallon group of companies, an independently owned product development house specializing in innovative control systems. Its design team is the best of its kind – a group of highly motivated individuals committed to the creation and ongoing development of industry-leading products. Within that team is a wealth of experience in the field of advanced control solutions, with principal members responsible for ground-breaking entertainment lighting control consoles, architectural lighting systems and video processing technology.
Media Contact: Amy Farrell, 617-366-7149, amy.farrell@finnpartners.com

About Musashi:
Musashi Seimitsu Industry Co., Ltd. is a global auto parts Tier1 company for automobiles and motorcycles, whose headquarters is located in Toyohashi, Japan. It has 33 manufacturing sites spreading across Europe, North and South America, China, and South East Asia. Musashi specializes in designing, developing and manufacturing powertrain products such as Differential Assemblies, Planetary Gear Assemblies, Transmission Gears and Assemblies, and Reduction Gears for xEVs, which are supplied to global major OEMs and Tier1s. Linkage and suspension products are also strategic products of Musashi.
Musashi implements AI on manufacturing sites under the philosophy of "more human-friendly work" and is also working on manufacturing innovation.
Musashi is listed on the first section of Tokyo Stock Exchange (TYO: 7220).
Website: http://www.musashi.co.jp/en/