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Press Release
January 14, 2015
NSK Ltd.
Public Relations Department
Safer and More Compact
NSK Ltd. (NSK; Headquarters: Tokyo, Japan; President and CEO: Norio Otsuka) today announced that it has developed a new electric power steering (EPS) system that is compliant with ISO Functional Safety for automobiles. The new system will support the much higher level of safety that has been in strong demand in recent years. In addition, this new product provides superior driving support functions. NSK intends to expansively market this new product for applications in many compact cars throughout the world and has set an overall EPS business goal of 250 billion yen in sales for the fiscal year ending March 2016.
*: An international standard that is being applied mainly in Europe that focuses on incorporation of functionality for securing safety by reducing risk to an acceptable level based on the identification of the root causes of possible electrical system failures.
With this new product, NSK has answered the call for ISO Functional Safety compliance. NSK will pursue expansive application of this product to a wide variety of compact cars.
NSK is committed to the application of state-of-the-art technology for improved safety, comfort, and environmental performance. Going forward, NSK plans to continue to grow the global sales of its EPS business by improving its products and expanding local procurement and local production.