(Wireless News via NewsEdge) NEC, Matsushita Electric Industrial, and Panasonic Mobile announced the signing of an agreement on the establishment of a development company for mobile handsets.
The new company will contract development of mobile handsets and a common software and hardware platform.
Through the joint venture, the three companies intend to reinforce existing collaboration between NEC and Panasonic Mobile. The development of common middleware, applications, and hardware platform will enable the companies to avoid duplication of development efforts, leading to greater efficiency and enhanced development capabilities, and a reduction in both fixed and variable costs.
The companies said this will equip NEC and Panasonic Mobile with a solid technology platform as the industry moves to 3.5G and 3.9G technologies toward 2010, while simultaneously focusing resources on differentiation.
The three companies intend to establish the joint venture by early October.
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