Electric City and Global Broadband to provide enhanced energy systems with telecommunications services to commercial real estate entities

The agreement to target building owners is a “first-of-its-kind” combination of energy systems and telecommunications services. The Companies anticipate a very warm reception of the new services that will deliver significant energy savings to customers while simultaneously providing HyperSpeed Internet and voice services.

TOKYO, May 7, 2001 — Hitachi, Ltd., Fuji Electric Co., Ltd. and Meidensha Corp. announced today that they agreed to form a joint venture company on July 1, 2001.

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