Nissha USA, Inc., (hereinafter referred to as “Nissha USA”), a wholly-owned subsidiary of Nissha Printing Co., Ltd. (hereinafter referred to as “Nissha”), has made an investment to form Si-Cal Technologies, Inc. (hereinafter referred to as “Si-Cal Technologies”) jointly, gaining two-third of its shares of stock and acquired Si-Cal, Inc. (hereinafter referred to as “Si-Cal”) through Si-Cal Technologies to aim at the expansion of transfer foil business in North and Central America and entry into the area of sensor films for medical care. Jaye Tyler, the owner and CEO of Si-Cal, has jointly invested in Si-Cal Technologies, holding its remaining shares of stock.

The joint venture company will aim to fuse the technologies that Nissha has cultivated in gravure printing-based transfer foils and IMD foils with Si-Cal’s silk-screen printing based transfer foils to expand business operations in cosmetics and other consumer goods in the North and Central America region and enter into the area of sensor films for medical care.