Mitsubishi Materials Corporation (President: Akira Takeuchi; Capital: 119.4 billion yen; hereinafter "Mitsubishi Materials") has agreed to subscribe to newly‒issued shares of Incubation Alliance, Inc.*2 (President and CEO: Kazuo Muramatsu; Capital: 600 million yen; hereinafter "InALA"), a developer and manufacturer of a new carbonaceous material, graphene*1, to acquire InALA's equity through the third-party allocation of new shares and has decided to shift to the full-fledged development of composite materials using graphene in collaboration with InALA.
Mitsubishi Materials established EV Material Development & Recycling Business Promotion Dept. within Corporate Division this April and has been promoting the creation of new products and new business targeted at Electric Vehicles. Furthermore, InALA has succeeded in developing the world's first high productivity manufacturing method of high-quality graphene and is currently working to establish a full-fledged mass-production system. Graphene, InALA's strength, has unique characteristics, including excellent heat conductivity, which is theoretically 10 times better than that of copper, and is lightweight, expected to be applied as heat radiation material for smartphones, electric vehicles and other devices that generate more heat with the recent advancement of IoT technology.
Against such background, Mitsubishi Materials, with strengths in non-ferrous metal materials, such as copper and aluminum, will collaborate with InALA on graphene materials with an aim to create non-conventional and unique hybrid products made of graphene.
The Mitsubishi Materials Group has a vision of "becoming the leading business group committed to creating a sustainable world through materials innovation, with use of its unique and distinctive technologies, for People, Society and the Earth" in its long-term management policy. InALA is an R&D type company dedicated to bringing cutting-edge carbon nanomaterials into practical use. The two companies will contribute to the development of society through collaboration in product development by leveraging their own technologies.