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Information contained in this news release is current as of the date of the press announcement, but may be subject to change without prior notice.

November 21, 2018

Hitachi Signs Memorandum of Understanding with CSIRO

Sydney, November 21, 2018 — Hitachi, Ltd. (TSE: 6501, “Hitachi”) has signed a Memorandum of Understanding (MoU) with the Commonwealth Scientific and Industrial Research Organisation (“CSIRO”) to illustrate a commitment to cooperate in areas of research and development and social innovation through collaborative creation.

Examples of potential cooperation identified in the MoU include research and development activities in the fields of Autonomous Systems, Digital Twin, GET Replacement, Material Tracking, Urban Systems, Security, Artificial Intelligence, Digital Transformation, and IoT Sensing across primary industries.

“We are delighted to be partnering with CSIRO as we continue to invest our efforts in introducing technologies and systems across Australia that will impact social wellbeing. This partnership will also enable collaborative efforts with a variety of different stakeholders who are in alliance with CSIRO from different industries and academia,” said Mr. Anand Singh, Executive Director & Director of Operations Hitachi Australia.

The MoU was executed by Mr. Atsushi Konishi, Managing Director of Hitachi Australia, and Dr. Larry Marshall, Chief Executive Officer of CSIRO, on Monday, 19 November 2018.

The MoU announcement coincides with the return of the world-renowned Hitachi Social Innovation Forum being held today in Sydney. The forum will take a deep dive into developments around big data analytics, digitalisation, smart cities, and automation. At the event, Dr. Larry Marshall, CEO of CSIRO, will give a keynote address, and Mr. Atsushi Konishi will deliver a welcome speech.

Information about the Hitachi Social Innovation Forum 2018 SYDNEY can be found here: https://hsifsydney.hitachi/

About Hitachi Ltd.

Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society’s challenges, combining its operational technology, information technology, and products/systems. The company’s consolidated revenues for fiscal 2017 (ended March 31, 2018) totalled 9,368.6 billion yen ($88.4 billion). The Hitachi Group is an innovation partner for the IoT era, and it has approximately 307,000 employees worldwide. Through collaborative creation with customers, Hitachi is deploying Social Innovation Business using digital technologies in a broad range of sectors, including Power/Energy, Industry/Distribution/Water, Urban Development, and Finance/Social Infrastructure/Healthcare. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.

For further information please contact:
Anoosha Delpechitra
E: anoosha@thatcomms.com
M: 0449758324
That Communications Company

Julia Chalk
E: julia@thatcomms.com
M: 0402334007
That Communications Company

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