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Panasonic Mobile and NTT DATA Reach Basic Agreement to Form Business Alliance; Reinforcing Development Capabilities for Embedded Software.

Tokyo, July 2, 2008 - (JCN Newswire) - Panasonic Mobile Communications Co., Ltd. and NTT DATA Corporation announced today that both companies reached a basic agreement on a capital and business alliance on Panasonic Mobile & System Engineering Co., Ltd. ("PMSE"), a wholly- owned subsidiary of Panasonic Mobile. NTT DATA will take over 60 percent of the shares issued of PMSE.

Through this alliance, Panasonic Mobile and NTT DATA intend to form a new partnership and establish cooperative structure to enhance the corporate values of all three companies involved, including PMSE.

Panasonic Mobile will gain its competitiveness in both qualities and cost advantages in the field ...

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