Kyocera Climbs 3% on Crystal Devices and Solar Subsidiary Developments


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Kyocera Corp. ( KYO ) is up 2.5% after announcing updates on two of its subsidiaries, Kyocera Crystal Device Corp. and Kyocera Solar Corp.

Kyocera Crystal Device Corp. has developed an AT-cut crystal oscillator (KC2520M), a crystal device for use in electric vehicles and smart meters, and will be available on a sample basis in September 2012. The company will display the device at the CEATEC JAPAN 2012 exhibition October 2 - October 6, 2012, at Makuhari Messe in Chiba Prefecture, Japan.

KYO's Kyocera Solar Corp. subsidiary has launched a project to provide 30 megawatts ( MW ) of solar modules for a utility-scale solar power plant in the northern prefecture of Hokkaido, Japan. The project will be designed and constructed by Yonden Engineering Co., Inc.

The project will be operated by Eurus Energy Group's subsidiary in charge of renewable energy generation business, with plans for construction to start in October of this year and operations to start in March 2014.

KYO is trading at $85.84 in a 52-week range of $77.39 - $98.54.

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This article appears in: Investing , Commodities
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