Nitto develops new products and services by strategically devoting resources to Nitto’s three focus domains: Information Interface, Next-generation Mobility, and Human Life. The acquisition of Bend will also accelerate innovation in these domains.

The flexible sensor developed by Bend simultaneously measures "bend", "stretch" and "force" at high accuracy, in addition to having excellent flexibility and durability. The flexible sensor is expected to meet the evolving technical demands in various fields, including automation in the automotive field and remote monitoring in the digital healthcare field. Through this acquisition, Nitto aims to create new businesses by combining Nitto's global foundation and core technologies, such as adhesive technology and flexible printed circuit technology, with Bend’s sensor device technology. Besides expected applications in the ever-changing automotive and healthcare fields, Nitto also anticipates these technologies to be utilized in fields such as sports and robotics. Furthermore, Nitto considers building a platform to accumulate sensor-acquired data and deploying services utilizing the acquired data.

Overview of the acquired company:

Former Company Name	Bend Labs, Inc.
New Company Name	Nitto Bend Technologies, Inc.
Location	Farmington, Utah, United States
Year of Establishment	2013
Representatives	Jared Jonas, Colton Ottley
Number of Employees	9
Sales (in FY2021)	5.9M US$

The impact of this acquisition on Nitto's consolidated earnings forecast for FY2022 is insignificant. In case significant effect is recognized, Nitto will report it thereafter.

Nitto Bend Technologies Website https://www.nitto.com/jp/en/nbt/