NTN Powder Metal Corporation hereby announces that we merged with NTN consolidated subsidiaries Nippon Kagaku Yakin Co., Ltd on December 1, 2015 with the aim of improving its developmental capabilities for new products and increasing the speed of development. The resulting new company will change its name to ‘‘NTN Advanced Materials Corporation.‘‘

By this merger we are going to complement our technology and know-how each other. We are going to focus to develop new unit products for electric car and self driving cars car, and high added value products such as module products.

The new company ‘‘NTN Advanced Materials Corporation‘‘ will cover the manufacture and sales of composite material products, such as products that use powders and alloys made of powder, products that use carbon, and products that use high-molecular weight materials. Business efficiency will also be increased by consolidating the administration departments of both individual companies, and the development and manufacturing technologies of Nippon Kagaku Yakin will be maximized to expand sales by harnessing the business deployment capabilities of the NTN Group.