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Sony to Transfer Commercial Digital Photo Business to DNP

Tokyo, Nov 29, 2010 (JCN) - Dai Nippon Printing Co. Ltd (DNP) and Sony Corp. have concluded an agreement in which Sony's professional digital photo printer business (excluding the manufacture of printers) will be transferred to DNP.

In line with the agreement, DNP will establish a working framework in which dye-sublimation print media is supplied without interruption throughout the business transfer proceedings to the instant photo printing kiosk and printers for ID photography currently installed by Sony. Additionally, Sony will continue to maintain its medical-purpose professional printing business.

Sony shall transfer all of its active business accounts from throughout the world, with regard to its professional digital photo printer business, to DNP. The transfer of a portion of Sony's employees involved in the aforementioned business to DNP is also planned to accompany the agreement.

Execution of the transfer of business assets is scheduled for April 1, 2011.

By Chris Lui Staff Writer

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