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Toshiba's New Joint Venture in Singapore to Market and Service Medical Equipment throughout South-east Asia

31 July, 1995

TOKYO -- Toshiba Corporation today announced the establishment of a new Singapore-based joint venture company that will undertake sales, marketing and service of advanced medical diagnostic equipment throughout South-east Asia. The new company, Toshiba Medical Systems Asia Pte., Ltd. (TMA), will start operation in Singapore on August 1.

TMA is a joint venture between Toshiba and Gold Lite Pte., Ltd., Singapore distributor of Toshiba medical equipment. The company is capitalized at 8 million Singapore dollar (approximately 5.6 million US dollars, 520 million yen), 70% subscribed by Toshiba, 30% by Gold Lite.

TMA will market and service the full range of Toshiba medical diagnostic imaging equipment throughout South-east Asia. Among its products are diagnostic X-ray systems, X-ray computed tomography (CT) systems, magnetic resonance imaging (MRI) systems, diagnostic ultrasound systems and diagnostic nuclear medicine systems. Such advanced, high-performance medical equipment requires high level support for users and sophisticated maintenance service, both of which will be provided by the new company.

The medical equipment market in South-east Asia is currently enjoying a double-digit annual growth rate, a level expected to continue in coming years. Establishment of Toshiba's own facility in Singapore for marketing and servicing medical equipment, significantly enhances Toshiba's ability to respond to requirements of clients more flexibly and quickly throughout the region.

Since its establishment in 1979, Gold Lite has worked as Toshiba's medical equipment distributor, achieving excellent results and a valued reputation in the market. Its managing director, Mr. Kuan Yong Kuan, will also serve as the managing director of TMA.

Outline of the new company

Name:          Toshiba Medical Systems Asia Pte., Ltd. (TMA)
Founded:       July, 1995
Capital:       8 million Singapore dollars
               70% subscribed by Toshiba Corporation
               30% subscribed by Gold Lite Pte., Ltd.
Location:      Singapore
Employees:     20 in 1995
Sales:         100 million Singapore dollars in 2000

Information in the press releases, including product prices and specifications, content of services and contact information, is current on the date of the press announcement,but is subject to change without prior notice.

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