This text is the English translation of the official Turkish version of the applicable press release. It has been prepared solely as a reference and ease of use. Please refer to the original Turkish text for details and/or attributes. In case of any incongruity, original Turkish version shall prevail.

1 February 2021

Developing pioneering technologies in many different fields from home to space all over the world, technology giant Mitsubishi Electric celebrates its 100th anniversary. Striving for improving the community's quality of life in Turkey just as all over the world, Mitsubishi Electric continues its operations at full steam ahead. Noting that pandemic has accelerated the speed of change in many fields, Şevket Saraçoğlu, President of Mitsubishi Electric Turkey highlights that the logo exclusively designed for the celebration of 100th anniversary of the corporation powerfully represents the unique approach of Mitsubishi Electric Group in producing new values. Pointing out that they will continue developing cutting edge technologies that are human and eco-friendly while meeting requirements of new normal, Mr. Saraçoğlu emphasized that they will play pioneering role with innovative products and solutions, striving to contribute to Turkish economy, employment and society.

Developing pioneering technologies in many different fields from factory automation systems to industrial and collaborative cutting-edge robot technologies, from CNC mechatronic systems to elevators and escalators, from air-conditioners to fresh air devices, from data center cooling systems up to the monitoring and management systems, Mitsubishi Electric, in 2021, feels the justified pride of perseverance for one century.

Noting that they are developing pioneering technologies in many industries from home to space with energy efficient, eco-friendly, innovative products and advanced technology solutions in Turkey just like all over the globe, Şevket Saraçoğlu, President of Mitsubishi Electric Turkey explains: "We are very happy and proud of celebrating 100th anniversary of our corporation which embarked upon its business and industrial journey in Japan in 1921. Our company witnessed the history throughout 100 years. And recently, we continued our operations at full steam ahead in the challenging and unforeseeable pandemic situation which stormed to the entire world in the last year. In this new normal period, we prioritized health of our employees, business partners and society in general and took all precautions in our company, continuing our activities. Despite of all difficulties, we worked to offer the best to our business partners and consumers in Turkey, just like entire world, with our innovative products and solutions."

A logo exclusive for 100th anniversary

Indicating that they have been striving to join the forces of both internal and external stakeholders in order to offer holistic solutions to ever-changing problems of the society throughout 100 years since its establishment, Mr. Saraçoğlu explains; "Mitsubishi Electric Group prepared a logo exclusive for 100th anniversary. At the first glance seen as a pattern consisting of red and white lines, the logo produces the number '100' when looked at closely. Number '100' is also read even when you flip the logo. Being a product of hard work, our 100th anniversary logo powerfully represents the unique approach of Mitsubishi Electric Group in producing new values. Driven by our principle and goal ‘Changes for the Better’, we will relentlessly continue striving for a better future at full steam ahead with dedication throughout 100 years to come."

"Thanks to our 150 thousand employees all over the world, we contribute to creation of an effective and sustainable society"

Noting that old normal has no more place in 2021, during which transformation and change gained momentum in many areas, Şevket Saraçoğlu continues: "As the world faces progressively more dramatic changes, we should look at the next 100 years ahead of us. Since our establishment, we encountered many challenges, but our commitment to improve human life has remained constant for 100 years. Mitsubishi Electric continues to grow by contributing to realization of an effective and sustainable society with 150 thousand employees across the globe. We will carry our business partners and consumers beyond our times for one more century with our ground-breaking and revolutionizing technologies in many different industries from air-conditioners to fresh air units, from cooling systems for data centers to monitoring and management systems, from factory automation systems to industrial and collaborative robot technologies, from CNC mechatronic systems to elevators and escalators, from transportation to energy systems, from semi-conductor devices to automotive equipment, from public systems including radar technologies exclusive for airports to satellite and aerospace systems."

"We will continue our contribution to economy and employment by improving living standards of Turkey"

Underlining that they will continue developing cutting-edge technologies that are both human- and eco-friendly, while meeting new normal in 2021, where the company celebrates its 100th anniversary, Mr. Saraçoğlu appreciates; "We would like to present our warmest regards to all our stakeholders who have supported us for many years. In the next period which will be marked by the increased use of technology for the benefit of humanity, we will continue working in order to be a pioneer with our innovative products and solutions and improve the living standards of our country with our investment, contributing to the employment, economy of our country and society."

Adding that company, in its new age, will focus more on unique perspectives, Şevket Saraçoğlu concludes New Corporate Philosophy of the company is also updated to better reflect expectations of stakeholders.

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