Mitsubishi Completes an Equity Investment in Ergonomic Technologies
9 November 1999
Mitsubishi Corporation Completes an Equity Investment in Ergonomic Technologies Corporation
Ergonomic Technologies Corporation to Develop Internet-based Risk Assessment
Service and Ergonomic Enterprise-Workforce Planning Software
NEW YORK, Nov. 8 -- Ergonomic Technologies Corporation (ETC),
an ergonomic consulting technology company, is pleased to announce that
Mitsubishi Corporation (headquartered in Tokyo, Japan) and Mitsubishi
International Corporation (headquartered in New York) have completed an equity
investment in ETC. The investment will allow ETC to complete the development
of its ergonomic enterprise-workforce planning software for Fortune 500
companies, and launch its workplace risk assessment and solution management
system as a business-to-business Internet-based service.
"We welcome both Mitsubishi companies as strategic partners. Ergonomics
has been receiving greater attention as companies and governments realize its
impact on global productivity and worker safety and health. The direct costs
of workplace injuries have skyrocketed in the last ten years. U.S.
corporations are spending over $60 billion annually on workplace injuries.
Mitsubishi's participation will allow ETC to develop the systems necessary to
meet the growing demand for ergonomic services in North America and globally,"
commented Cynthia Roth, Chairperson of the Board and Chief Executive Officer
of ETC.
Masatoshi "Mac" Moriya, General Manager of Mitsubishi Corporation added,
"We are very excited about working with ETC to aid our existing companies and
clients in setting up a world class ergonomics program. Ergonomics is gaining
a following in Japan and we look forward to working with ETC in establishing a
business model for Japanese companies. We believe that ETC's vision of merging
the benefits of ergonomic programs with the low-cost business-to-business
advantages that the Internet offers will prove highly successful."
Ergonomic Technologies Corporation is a privately held ergonomic
consulting technology company founded in 1993 to scientifically address, from
an ergonomics engineering perspective, issues related to productivity and
quality in the workplace and associated problems in industrial and consumer
product use. For over six years, ETC has been the unparalleled leader in
providing ergonomic engineering consulting services to industry in the
development of solutions to a wide variety of human engineering issues. ETC
has offices in Oyster Bay, New York and Bingham Farms, Michigan.
Mitsubishi Corporation ranks as one of the world's largest and most
diverse enterprises. Based in Tokyo, it has a staff of about 13,000
professionals in Japan and overseas. Clients are served through more than 50
offices in Japan and almost 200 offices and subsidiaries in other countries.
Generally classified as a general trading company, Mitsubishi Corporation has
a wealth of experience in bringing buyers and sellers together. Through
hundreds of investments in other companies, Mitsubishi Corporation is also
involved in manufacturing, distribution, retailing, financing and many other
activities. These diverse activities allow Mitsubishi Corporation to help
determine the direction of existing markets, and to mold entirely new ones.
Mitsubishi International Corporation is Mitsubishi Corporation's wholly owned
subsidiary in the United States.
For additional information, please contact Cynthia Roth, CEO of ETC, at
516-922-2828 (x21).