Entering a new stage of growth with Satake Corporation as the parent company.

— Accelerating our evolution as an AI platform company —

Cross Compass Co., Ltd. (Headquarters: Chuo-ku, Tokyo; President and CEO: Katsunobu Suzuki; hereinafter referred to as "the Company"), a provider of manufacturing solutions utilizing AI technology, is pleased to announce that it has become a consolidated subsidiary of Satake Corporation (Headquarters: Higashihiroshima City, Hiroshima Prefecture; President and CEO: Kazuhisa Matsumoto) through the Company's subscription to a third-party allocation of new shares.

Background of this matter

Since our founding, we have been promoting the implementation of AI technology, primarily deep learning, in the manufacturing industry. In recent years, the manufacturing industry has required advanced data utilization and on-site implementation capabilities, making it crucial to build a larger-scale and longer-term development system.

Satake operates globally in the fields of food processing machinery and industrial machinery, possessing extensive field data and a strong customer base.

This acquisition will allow our company to accelerate technological development and business expansion from a medium- to long-term perspective, based on a stable capital foundation.

Future initiatives

1. Advancement of AI technology

We will utilize the Satake Group's factory and customer base as a testing ground to promote the development of high-precision AI models based on real-world data.

2. Business expansion

We will strengthen the domestic and international expansion of our solutions through Satake's global sales network.

3. Continuing Open Innovation

As an independent AI company, we will continue to collaborate with our existing shareholders and partner companies. Our goal is to build an AI platform that contributes to the entire manufacturing industry.