News & Media

Announcement of Investment and Business Alliance Agreement with Ridge-i Inc.
Accelerates the technological push using AI and IoT

April 4, 2019
EBARA CORPORATION

EBARA CORPORATION (“EBARA”) is pleased to announce that it invested 100 million yen in Ridge-i Inc.(“Ridge-i”) with INCJ, Ltd.*1 and Ricoh Company Ltd., and formed a basic business alliance with Ridge-i to plan, research, and develop in terms of using AI and IoT technologies.

1. Background
EBARA promotes the introduction of AI and IoT technologies to implement E-Plan 2019, the medium-term management plan, thus the mission will be accelerated by the agreement. Ridge-i provides consulting services and develops solution products with cutting-edge AI and deep-learning technologies. Using an image analysis technology, which was jointly developed with Ridge-I, Ebara Environmental Plant Co., Ltd., a group company of EBARA, has successfully conducted a demonstration, and started the operation of an automatic crane system with waste identification AI, which replaces human eyes of skilled operators.

The spirit for a new challenge that Ridge-i confronts advanced frontiers is linked with the corporate attitude of EBARA. In order to continue striving for a corporate culture that embraces challenge, EBARA has decided to invest in Ridge-i as a business partner, and strengthen the future collaboration.

2. Overview
With this agreement, EBARA will work on the following issues to leverage the advanced technologies of Ridge-i, aiming to improve production processes as well as enhance the value of our products and services across all businesses in our group.
(1) Replace human visual inspection of product appearance
(2) Optimize process and realize safe operation by tracking motions of people and objects during production
(3) Optimize operating schedule of machines based on an analysis of environmental data

3. Future plan
EBARA will contribute to support the development of our future society and the environment, in addition to providing solutions that go beyond the expectations and imaginations of our customers.

【Overview of Ridge-i】
Company name Ridge-i Inc.
Representative Takashi Yanagihara, Chief Executive Officer
Established 2016
Type of business Consulting and development of AI and deep-learning technologies
URL https://ridge-i-i.com/

The EBARA Group strives to achieve its business policy and enhance its corporate value based on its medium-term management plan. We achieve the Sustainable Development Goals (SDGs) by tackling ESG issues.

Former Innovation Network Corporation of Japan

Improve resource use efficiency, build resilient infrastructure with expanded use of clean and environment-friendly technologies, promote sustainable industrialization and foster innovation