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		<title>AvanStrate Inc. News</title>
		<link>http://www.avanstrate.com/english/company/news/</link>
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		<language>en</language>
		<copyright>Copyright 2012</copyright>
		<lastBuildDate>Wed, 21 Mar 2012 16:59:37 +0900</lastBuildDate>
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			<title>Announcement of &quot;LC30&quot; LCD Glass Substrate -- Introducing Green Glass with Lower Heat Compaction during High Temperature Process and Light Weight -- </title>
			<description><![CDATA[<p class="MsoNormal" style="MARGIN: 0mm 28.25pt 0pt 21.2pt; TEXT-ALIGN: center; mso-para-margin-top: 0mm; mso-para-margin-right: 2.69gd; mso-para-margin-bottom: .0001pt; mso-para-margin-left: 2.02gd" align="center"><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'; mso-hansi-font-family: Century"><o:p><font color="#000000" size="3">&nbsp;</font></o:p></span></p>
<p class="MsoNormal" style="MARGIN: 0mm 28.25pt 0pt 21.2pt; TEXT-ALIGN: center; mso-para-margin-top: 0mm; mso-para-margin-right: 2.69gd; mso-para-margin-bottom: .0001pt; mso-para-margin-left: 2.02gd" align="center"><font size="3"><font color="#000000"><span style="FONT-FAMILY: 'ＭＳ 明朝'; mso-bidi-font-family: 'ＭＳ 明朝'">━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━</span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'"><o:p></o:p></span></font></font></p>
<p class="MsoNormal" style="MARGIN: 0mm 28.25pt 0pt 21.2pt; TEXT-ALIGN: center; mso-para-margin-top: 0mm; mso-para-margin-right: 2.69gd; mso-para-margin-bottom: .0001pt; mso-para-margin-left: 2.02gd" align="center"><font size="3"><font color="#000000"><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'; mso-hansi-font-family: Century">Announcement of </span><span lang="EN-US" style="mso-ascii-font-family: 'Times New Roman'"><font face="Century">"</font></span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'; mso-hansi-font-family: Century">L</span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'">C30" </span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'; mso-hansi-font-family: Century">LCD Glass Substrate </span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'"><o:p></o:p></span></font></font></p>
<p class="MsoNormal" style="MARGIN: 0mm 23.75pt 0pt 21.2pt; TEXT-ALIGN: center; mso-para-margin-top: 0mm; mso-para-margin-right: 2.26gd; mso-para-margin-bottom: .0001pt; mso-para-margin-left: 2.02gd" align="center"><font size="3"><font color="#000000"><span lang="EN-US"><font face="Century">--</font></span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'"> Introducing Green Glass with Lower Heat Compaction during High Temperature Process and Light Weight --<o:p></o:p></span></font></font></p>
<p class="MsoNormal" style="MARGIN: 0mm 28.25pt 0pt 21.2pt; TEXT-ALIGN: center; mso-para-margin-top: 0mm; mso-para-margin-right: 2.69gd; mso-para-margin-bottom: .0001pt; mso-para-margin-left: 2.02gd" align="center"><font size="3"><font color="#000000"><span style="FONT-FAMILY: 'ＭＳ 明朝'; mso-bidi-font-family: 'ＭＳ 明朝'">━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━</span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'"><o:p></o:p></span></font></font></p>
<p class="MsoNormal" style="MARGIN: 0mm 28.25pt 0pt 21.2pt; TEXT-INDENT: 14.15pt; mso-para-margin-top: 0mm; mso-para-margin-right: 2.69gd; mso-para-margin-bottom: .0001pt; mso-para-margin-left: 2.02gd; mso-char-indent-count: 1.35"><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'"><o:p><font color="#000000" size="3">&nbsp;</font></o:p></span></p>
<p class="MsoNormal" style="MARGIN: 0mm 28.25pt 0pt 21.2pt; TEXT-INDENT: 20.8pt; mso-para-margin-top: 0mm; mso-para-margin-right: 2.69gd; mso-para-margin-bottom: .0001pt; mso-para-margin-left: 2.02gd"><font size="3"><font color="#000000"><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'">AvanStrate </span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'; mso-hansi-font-family: Century">Inc</span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'">. ("AvanStrate"; Address: </span></font><span lang="EN-US" style="COLOR: #333333; FONT-FAMILY: 'Times New Roman'; mso-bidi-font-size: 10.5pt; mso-font-kerning: 0pt">2 Chitose-cho, Yokkaichi-shi, Mie, Japan; Representative Director: Jun Makino) hereby introduces a new type of glass substrate, "LC30", suitable for manufacturing low temperature poly-silicon (LTPS) TFT that requires processing at higher temperature when compared to amorphous silicon (</span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'"><font color="#000000">α-Si</font></span><span lang="EN-US" style="COLOR: #333333; FONT-FAMILY: 'Times New Roman'; mso-bidi-font-size: 10.5pt; mso-font-kerning: 0pt">) TFT used in manufacturing LCD panels.</span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'"><o:p></o:p></span></font></p>
<p class="MsoNormal" style="MARGIN: 0mm 28.25pt 0pt 21.2pt; TEXT-INDENT: 14.15pt; mso-para-margin-top: 0mm; mso-para-margin-right: 2.69gd; mso-para-margin-bottom: .0001pt; mso-para-margin-left: 2.02gd; mso-char-indent-count: 1.35"><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'"><o:p><font color="#000000" size="3">&nbsp;</font></o:p></span></p>
<p class="MsoNormal" style="MARGIN: 0mm 28.25pt 0pt 21.2pt; TEXT-INDENT: 14.15pt; TEXT-ALIGN: center; mso-para-margin-top: 0mm; mso-para-margin-right: 2.69gd; mso-para-margin-bottom: .0001pt; mso-para-margin-left: 2.02gd; mso-char-indent-count: 1.35" align="center"><font size="3"><font color="#000000"><span lang="EN-US"><v:shapetype id=_x0000_t75 stroked="f" filled="f" path="m@4@5l@4@11@9@11@9@5xe" o:preferrelative="t" o:spt="75" coordsize="21600,21600"><v:stroke joinstyle="miter"></v:stroke><v:formulas><v:f eqn="if lineDrawn pixelLineWidth 0"></v:f><v:f eqn="sum @0 1 0"></v:f><v:f eqn="sum 0 0 @1"></v:f><v:f eqn="prod @2 1 2"></v:f><v:f eqn="prod @3 21600 pixelWidth"></v:f><v:f eqn="prod @3 21600 pixelHeight"></v:f><v:f eqn="sum @0 0 1"></v:f><v:f eqn="prod @6 1 2"></v:f><v:f eqn="prod @7 21600 pixelWidth"></v:f><v:f eqn="sum @8 21600 0"></v:f><v:f eqn="prod @7 21600 pixelHeight"></v:f><v:f eqn="sum @10 21600 0"></v:f></v:formulas><v:path o:connecttype="rect" gradientshapeok="t" o:extrusionok="f"></v:path><o:lock aspectratio="t" v:ext="edit"></o:lock></v:shapetype><v:shape id=_x0000_i1025 style="WIDTH: 219.75pt; HEIGHT: 109.5pt" type="#_x0000_t75"><v:imagedata o:title="" src="file:///C:\DOCUME~1\FJ_1049\LOCALS~1\Temp\msohtml1\01\clip_image001.jpg"></v:imagedata></v:shape></span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'"><o:p></o:p></span></font></font></p>
<p class="MsoNormal" style="MARGIN: 0mm 28.25pt 0pt 21.2pt; TEXT-INDENT: 14.15pt; mso-para-margin-top: 0mm; mso-para-margin-right: 2.69gd; mso-para-margin-bottom: .0001pt; mso-para-margin-left: 2.02gd; mso-char-indent-count: 1.35"><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'"><o:p><font color="#000000" size="3"><img class="mt-image-center" style="DISPLAY: block; MARGIN: 0px auto 20px; TEXT-ALIGN: center" height="146" alt="clip_image002.jpg" src="http://www.avanstrate.com/english/company/news/images/clip_image002.jpg" width="293" />&nbsp;</font></o:p></span></p>
<p class="MsoNormal" style="MARGIN: 0mm 28.25pt 0pt 21.2pt; TEXT-INDENT: 20.8pt; mso-para-margin-top: 0mm; mso-para-margin-right: 2.69gd; mso-para-margin-bottom: .0001pt; mso-para-margin-left: 2.02gd"><font size="3"><font color="#000000"><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'; mso-hansi-font-family: Century">The </span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'">characteristics</span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'; mso-hansi-font-family: Century"> of </span><span lang="EN-US" style="mso-ascii-font-family: 'Times New Roman'"><font face="Century">"</font></span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'; mso-hansi-font-family: Century">LC30</span><span lang="EN-US" style="mso-ascii-font-family: 'Times New Roman'"><font face="Century">"</font></span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'; mso-hansi-font-family: Century"> are as follows:</span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'"><o:p></o:p></span></font></font></p>
<p class="MsoNormal" style="MARGIN: 0mm 28.25pt 0pt 21.2pt; TEXT-INDENT: 14.15pt; mso-para-margin-top: 0mm; mso-para-margin-right: 2.69gd; mso-para-margin-bottom: .0001pt; mso-para-margin-left: 2.02gd; mso-char-indent-count: 1.35"><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'"><o:p><font color="#000000" size="3">&nbsp;</font></o:p></span></p>
<p class="MsoNormal" style="MARGIN: 0mm 28.25pt 0pt 21.2pt; TEXT-INDENT: 20.8pt; mso-para-margin-top: 0mm; mso-para-margin-right: 2.69gd; mso-para-margin-bottom: .0001pt; mso-para-margin-left: 2.02gd"><font size="3"><font color="#000000"><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'; mso-hansi-font-family: Century">In manufacturing LCD panels for devices such as smartphones and tablet PCs, which require higher precision compared to conventional display panels, the use of LTPS-TFT instead of </span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'">α-Si-TFT is becoming more prevalent.<o:p></o:p></span></font></font></p>
<p class="MsoNormal" style="MARGIN: 0mm 28.25pt 0pt 21.2pt; TEXT-INDENT: 20.8pt; mso-para-margin-top: 0mm; mso-para-margin-right: 2.69gd; mso-para-margin-bottom: .0001pt; mso-para-margin-left: 2.02gd"><font size="3"><font color="#000000"><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'; mso-hansi-font-family: Century">On the other hand, the glass tends to shrink due to heat compaction during the heat treatment process used in manufacturing the LCD panels. The manufacturing process for </span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'">LTPS-TFT requires a higher temperature compared to the manufacturing process for α-Si-TFT. This increases the heat compaction rate, which may potentially result in an increase in product defects from gap in pitch, etc., due to alignment problems. <o:p></o:p></span></font></font></p>
<p class="MsoNormal" style="MARGIN: 0mm 28.25pt 0pt 21.2pt; TEXT-INDENT: 20.8pt; mso-para-margin-top: 0mm; mso-para-margin-right: 2.69gd; mso-para-margin-bottom: .0001pt; mso-para-margin-left: 2.02gd"><font size="3"><font color="#000000"><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'; mso-hansi-font-family: Century">With the newly introduced </span><span lang="EN-US" style="mso-ascii-font-family: 'Times New Roman'"><font face="Century">"</font></span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'">LC30", AvanStrate successfully reduced the heat compaction rate by approximately one half when compared to our conventional products (as measured by AvanStrate).<o:p></o:p></span></font></font></p>
<p class="MsoNormal" style="MARGIN: 0mm 28.25pt 0pt 21.2pt; TEXT-INDENT: 14.15pt; mso-para-margin-top: 0mm; mso-para-margin-right: 2.69gd; mso-para-margin-bottom: .0001pt; mso-para-margin-left: 2.02gd; mso-char-indent-count: 1.35"><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'"><o:p><font color="#000000" size="3">&nbsp;</font></o:p></span></p>
<p class="MsoNormal" style="MARGIN: 0mm 28.25pt 0pt 21.2pt; TEXT-INDENT: 14.15pt; mso-para-margin-top: 0mm; mso-para-margin-right: 2.69gd; mso-para-margin-bottom: .0001pt; mso-para-margin-left: 2.02gd"><font size="3"><font color="#000000"><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'; mso-hansi-font-family: Century">In general, in an effort to reduce glass compaction, the specific density of glass tends to become higher. However, </span><span lang="EN-US" style="mso-ascii-font-family: 'Times New Roman'"><font face="Century">"</font></span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'; mso-hansi-font-family: Century">LC30</span><span lang="EN-US" style="mso-ascii-font-family: 'Times New Roman'"><font face="Century">"</font></span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'; mso-hansi-font-family: Century"> achieves lower compaction rates while keeping the specific density at approximately the same level as that of our conventional products. Because of this, there is a reduction of deflection during the manufacturing process as well as a stable thermal compaction rate. Further, it will contribute to reducing the weight of the LCD panels overall.</span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'"><o:p></o:p></span></font></font></p>
<p class="MsoNormal" style="MARGIN: 0mm 28.25pt 0pt 21.2pt; TEXT-INDENT: 14.15pt; mso-para-margin-top: 0mm; mso-para-margin-right: 2.69gd; mso-para-margin-bottom: .0001pt; mso-para-margin-left: 2.02gd; mso-char-indent-count: 1.35"><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'"><o:p><font color="#000000" size="3">&nbsp;</font></o:p></span></p>
<p class="MsoNormal" style="MARGIN: 0mm 28.25pt 0pt 21.2pt; TEXT-INDENT: 14.15pt; mso-para-margin-top: 0mm; mso-para-margin-right: 2.69gd; mso-para-margin-bottom: .0001pt; mso-para-margin-left: 2.02gd; mso-char-indent-count: 1.35"><font size="3"><font color="#000000"><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'; mso-hansi-font-family: Century">Additionally, there is a rapid trend in pursuing thinness and lightness of end-products such as smartphones, and in responding to such trend, a so-called </span><span lang="EN-US" style="mso-ascii-font-family: 'Times New Roman'"><font face="Century">"</font></span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'; mso-hansi-font-family: Century">slimming (chemical polishing)</span><span lang="EN-US" style="mso-ascii-font-family: 'Times New Roman'"><font face="Century">"</font></span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'; mso-hansi-font-family: Century"> process is conducted after the </span><span lang="EN-US" style="mso-ascii-font-family: 'Times New Roman'"><font face="Century">"</font></span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'; mso-hansi-font-family: Century">pasting</span><span lang="EN-US" style="mso-ascii-font-family: 'Times New Roman'"><font face="Century">"</font></span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'; mso-hansi-font-family: Century"> process during manufacturing, and </span><span lang="EN-US" style="mso-ascii-font-family: 'Times New Roman'"><font face="Century">"</font></span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'; mso-hansi-font-family: Century">LC30</span><span lang="EN-US" style="mso-ascii-font-family: 'Times New Roman'"><font face="Century">"</font></span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'; mso-hansi-font-family: Century"> is designed to take into consideration the efficiency of such </span><span lang="EN-US" style="mso-ascii-font-family: 'Times New Roman'"><font face="Century">"</font></span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'; mso-hansi-font-family: Century">slimming</span><span lang="EN-US" style="mso-ascii-font-family: 'Times New Roman'"><font face="Century">"</font></span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'; mso-hansi-font-family: Century">. <o:p></o:p></span></font></font></p>
<p class="MsoNormal" style="MARGIN: 0mm 28.25pt 0pt 21.2pt; TEXT-INDENT: 14.15pt; mso-para-margin-top: 0mm; mso-para-margin-right: 2.69gd; mso-para-margin-bottom: .0001pt; mso-para-margin-left: 2.02gd; mso-char-indent-count: 1.35"><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'; mso-hansi-font-family: Century"><o:p><font color="#000000" size="3">&nbsp;</font></o:p></span></p>
<p class="MsoNormal" style="MARGIN: 0mm 28.25pt 0pt 21.2pt; TEXT-INDENT: 14.15pt; mso-para-margin-top: 0mm; mso-para-margin-right: 2.69gd; mso-para-margin-bottom: .0001pt; mso-para-margin-left: 2.02gd; mso-char-indent-count: 1.35"><font size="3"><font color="#000000"><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'; mso-hansi-font-family: Century">It is expected that smartphones and tablet PCs will become higher-precision and higher-resolution products and that LCD panels with a resolution of 500ppi will be available on the market in a few years. AvanStrate</span><span lang="EN-US" style="mso-ascii-font-family: 'Times New Roman'"><font face="Century">'</font></span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'; mso-hansi-font-family: Century">s </span><span lang="EN-US" style="mso-ascii-font-family: 'Times New Roman'"><font face="Century">"</font></span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'; mso-hansi-font-family: Century">LC30</span><span lang="EN-US" style="mso-ascii-font-family: 'Times New Roman'"><font face="Century">"</font></span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'; mso-hansi-font-family: Century"> is a suitable product that can contribute to the acceleration of the development of such high-resolution LCD panels. </span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'"><o:p></o:p></span></font></font></p>
<p class="MsoNormal" style="MARGIN: 0mm 28.25pt 0pt 21.2pt; mso-para-margin-top: 0mm; mso-para-margin-right: 2.69gd; mso-para-margin-bottom: .0001pt; mso-para-margin-left: 2.02gd"><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'"><o:p><font color="#000000" size="3">&nbsp;</font></o:p></span></p>
<p class="MsoNormal" style="MARGIN: 0mm 28.25pt 0pt 21.2pt; mso-para-margin-top: 0mm; mso-para-margin-right: 2.69gd; mso-para-margin-bottom: .0001pt; mso-para-margin-left: 2.02gd"><v:rect id=_x0000_s1026 style="MARGIN-TOP: 14.2pt; Z-INDEX: 1; LEFT: 0px; MARGIN-LEFT: 61pt; WIDTH: 410.95pt; POSITION: absolute; HEIGHT: 120.2pt; TEXT-ALIGN: left" filled="f"><v:textbox inset="5.85pt,.7pt,5.85pt,.7pt"><font color="#000000" size="3"></font></v:textbox></v:rect><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'"><o:p><font color="#000000" size="3">&nbsp;</font></o:p></span></p><br style="mso-ignore: vglayout" clear="all" />
<p class="MsoNormal" style="MARGIN: 0mm 28.25pt 0pt 70.9pt; mso-para-margin-top: 0mm; mso-para-margin-right: 2.69gd; mso-para-margin-bottom: .0001pt; mso-para-margin-left: 6.75gd"><font size="3"><font color="#000000"><span style="FONT-FAMILY: 'ＭＳ 明朝'; mso-hansi-font-family: Century; mso-ascii-font-family: 'Times New Roman'">【</span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'; mso-hansi-font-family: Century">Contact information</span><span style="FONT-FAMILY: 'ＭＳ 明朝'; mso-hansi-font-family: Century; mso-ascii-font-family: 'Times New Roman'">】</span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'"><o:p></o:p></span></font></font></p>
<p class="MsoNormal" style="MARGIN: 0mm 28.25pt 0pt 21.2pt; TEXT-ALIGN: center; mso-para-margin-top: 0mm; mso-para-margin-right: 2.69gd; mso-para-margin-bottom: .0001pt; mso-para-margin-left: 2.02gd" align="center"><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'"><font size="3"><font color="#000000">AvanStrate Inc. <o:p></o:p></font></font></span></p>
<p class="MsoNormal" style="MARGIN: 0mm 28.25pt 0pt 21.2pt; TEXT-ALIGN: center; mso-para-margin-top: 0mm; mso-para-margin-right: 2.69gd; mso-para-margin-bottom: .0001pt; mso-para-margin-left: 2.02gd" align="center"><font size="3"><font color="#000000"><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'; mso-hansi-font-family: Century">Sales Department </span><span lang="EN-US" style="mso-ascii-font-family: 'Times New Roman'"><font face="Century">-</font></span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'; mso-hansi-font-family: Century"> Contact: Manabu Otsuka</span><span lang="EN-US" style="FONT-FAMILY: 'Times New Roman'"><o:p></o:p></span></font></font></p>
<p class="MsoNormal" style="MARGIN: 0mm 28.25pt 0pt 21.2pt; TEXT-ALIGN: center; mso-para-margin-top: 0mm; mso-para-margin-right: 2.69gd; mso-para-margin-bottom: .0001pt; mso-para-margin-left: 2.02gd" align="center"><span lang="IT" style="FONT-FAMILY: 'Times New Roman'; mso-ansi-language: IT"><font size="3"><font color="#000000">Tel: +81-3-5780-8484<span style="mso-spacerun: yes">&nbsp;&nbsp; </span>Fax: +81-3-5780-7635<o:p></o:p></font></font></span></p>
<p class="MsoNormal" style="MARGIN: 0mm 28.25pt 0pt 21.2pt; TEXT-ALIGN: center; mso-para-margin-top: 0mm; mso-para-margin-right: 2.69gd; mso-para-margin-bottom: .0001pt; mso-para-margin-left: 2.02gd" align="center"><span lang="IT" style="FONT-FAMILY: 'Times New Roman'; mso-ansi-language: IT"><font size="3"><font color="#000000">e-mail: manabu.otsuka@jp-avanstrate.com<span style="mso-spacerun: yes">&nbsp; </span>URL: http://www.avanstrate.com<o:p></o:p></font></font></span></p>
<p class="MsoNormal" style="MARGIN: 0mm 0mm 0pt 36pt; VERTICAL-ALIGN: baseline; TEXT-ALIGN: center; mso-pagination: widow-orphan" align="center"><span lang="IT" style="FONT-FAMILY: 'Times New Roman'; mso-bidi-font-size: 10.5pt; mso-font-kerning: 0pt; mso-ansi-language: IT"><font size="3"><font color="#000000">Shinagawa Place 2F, 1-8-40, Konan, Minato-ku, Tokyo 108-0075, Japan<o:p></o:p></font></font></span></p>
<p class="MsoNormal" style="MARGIN: 0mm 28.25pt 0pt 0mm; TEXT-ALIGN: center; mso-para-margin-right: 2.69gd" align="center"><span lang="IT" style="FONT-FAMILY: 'Times New Roman'; mso-ansi-language: IT"><o:p><font color="#000000" size="3">&nbsp;</font></o:p></span></p>]]></description>
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			<pubDate>Wed, 21 Mar 2012 16:59:37 +0900</pubDate>
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			<title>2011 AvanStrate Environmental・Corporate Social Responsibility Report released</title>
			<description><![CDATA[<span lang="EN" style="FONT-SIZE: 10.5pt; COLOR: #333333; FONT-FAMILY: Verdana; mso-fareast-font-family: 'ＭＳ Ｐゴシック'; mso-bidi-font-family: 'ＭＳ Ｐゴシック'; mso-ansi-language: EN; mso-fareast-language: JA; mso-bidi-language: AR-SA">We have just released the "201</span><span style="FONT-SIZE: 10.5pt; COLOR: #333333; FONT-FAMILY: 'ＭＳ Ｐゴシック'; mso-bidi-font-family: 'ＭＳ Ｐゴシック'; mso-ansi-language: EN; mso-fareast-language: JA; mso-bidi-language: AR-SA; mso-ascii-font-family: Verdana; mso-hansi-font-family: Verdana">１</span><span lang="EN" style="FONT-SIZE: 10.5pt; COLOR: #333333; FONT-FAMILY: Verdana; mso-fareast-font-family: 'ＭＳ Ｐゴシック'; mso-bidi-font-family: 'ＭＳ Ｐゴシック'; mso-ansi-language: EN; mso-fareast-language: JA; mso-bidi-language: AR-SA"> AvanStrate Environmental</span><span style="FONT-SIZE: 10.5pt; COLOR: #333333; FONT-FAMILY: 'ＭＳ Ｐゴシック'; mso-bidi-font-family: 'ＭＳ Ｐゴシック'; mso-ansi-language: EN; mso-fareast-language: JA; mso-bidi-language: AR-SA; mso-ascii-font-family: Verdana; mso-hansi-font-family: Verdana">・</span><span lang="EN" style="FONT-SIZE: 10.5pt; COLOR: #333333; FONT-FAMILY: Verdana; mso-fareast-font-family: 'ＭＳ Ｐゴシック'; mso-bidi-font-family: 'ＭＳ Ｐゴシック'; mso-ansi-language: EN; mso-fareast-language: JA; mso-bidi-language: AR-SA">Corporate Social Responsibility Report" summarizing the AvanStrate Group's environmental and social activities carried out in fiscal 2010 (from April 1, 2010 to March 31, 2011).<br />We intend to make the most of this report to help many people - including our stakeholders - understand our efforts and start providing us with their opinions.<br /><br />Only the PDF version of this report is available via the Internet.<br /><br /><a href="http://www.avanstrate.com/english/pdf/kankyou2011e.pdf" target="_blank"><span style="COLOR: #3399cc; TEXT-DECORATION: none; mso-bidi-font-size: 12.0pt; text-underline: none">Click here for the 2011 AvanStrate Environmental</span><span lang="EN-US" style="COLOR: #3399cc; FONT-FAMILY: 'ＭＳ Ｐゴシック'; TEXT-DECORATION: none; mso-ascii-font-family: Verdana; mso-hansi-font-family: Verdana; mso-bidi-font-size: 12.0pt; text-underline: none"><span lang="EN-US">・</span></span><span style="COLOR: #3399cc; TEXT-DECORATION: none; mso-bidi-font-size: 12.0pt; text-underline: none">Corporate Social Responsibility Report</span></a></span>]]></description>
			<link>http://www.avanstrate.com/english/company/news/2012/0227_42.html</link>
			<guid>http://www.avanstrate.com/english/company/news/2012/0227_42.html</guid>
			
			
			<pubDate>Mon, 27 Feb 2012 15:28:29 +0900</pubDate>
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		<item>
			<title>JCR&apos;s comments on the financial results for the first half of the FY ending March 31, 2012.</title>
			<description><![CDATA[<p class="MsoNormal" style="BACKGROUND: white; MARGIN: 0mm 0mm 0pt; VERTICAL-ALIGN: baseline; LINE-HEIGHT: 16.5pt"><font size="3" style="font-size: 1em; "><span lang="EN-US" style="COLOR: #333333; mso-bidi-font-size: 10.5pt">Japan Credit Rating Agency, Ltd. (JCR) released their comments on the <span style="mso-bidi-font-weight: bold">financial results for the first half </span>of the fiscal year ending March 31, 2012 of AvanStrate</span><span class="apple-converted-space"><span lang="EN-US" style="COLOR: #2b2b2b;  mso-bidi-font-size: 10.5pt; mso-bidi-font-weight: bold">&nbsp;</span></span><span lang="EN-US" style="COLOR: #333333; mso-bidi-font-size: 10.5pt">Inc on Wednesday, December 28, 2011.<o:p></o:p></span></font></p>
<p class="MsoNormal" style="BACKGROUND: white; MARGIN: 0mm 0mm 0pt; VERTICAL-ALIGN: baseline; LINE-HEIGHT: 16.5pt"><span lang="EN-US" style="COLOR: #333333; mso-bidi-font-size: 10.5pt"><o:p><font size="3" style="font-size: 1em; ">&nbsp;</font></o:p></span></p>
<p class="MsoNormal" style="BACKGROUND: white; MARGIN: 0mm 0mm 0pt; VERTICAL-ALIGN: baseline; LINE-HEIGHT: 16.5pt"><font size="3" style="font-size: 1em; "><span lang="EN-US" style="COLOR: #333333; mso-bidi-font-size: 10.5pt; mso-hansi-font-family: Verdana">Link</span><span lang="EN-US" style="COLOR: #333333; mso-bidi-font-size: 10.5pt"> to JCR website<o:p></o:p></span></font></p><span lang="EN-US" style="FONT-SIZE: 10.5pt; COLOR: #333333; mso-fareast-font-family: 'ＭＳ 明朝'; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: JA; mso-bidi-language: AR-SA"><font style="font-size: 1em; ">
<div><a href="http://www.jcr.co.jp/english/top_cont/report_desc.php?no=2011122810e" target="_blank">http://www.jcr.co.jp/english/top_cont/report_desc.php?no=2011122810e</a></div></font></span>]]></description>
			<link>http://www.avanstrate.com/english/company/news/2011/1228_41.html</link>
			<guid>http://www.avanstrate.com/english/company/news/2011/1228_41.html</guid>
			
			
			<pubDate>Wed, 28 Dec 2011 15:59:36 +0900</pubDate>
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		<item>
			<title>Rating affirmed by JCR</title>
			<description><![CDATA[<p class="MsoNormal" style="MARGIN: 0mm 0mm 0pt; VERTICAL-ALIGN: baseline; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><font size="3" style="font-size: 1em; "><span lang="EN-US" style="color: rgb(51, 51, 51); ">Japan Credit Rating Agency, Ltd. (JCR) released an announcement on Friday, June 10, 2011 to affirm A-/Stable rating on long-term senior debts of AvanStrate</span><b><span lang="EN-US" style="COLOR: #2b2b2b; mso-bidi-font-size: 10.5pt; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-fareast-font-family: 'ＭＳ Ｐゴシック'"> </span></b><span lang="EN-US" style="color: rgb(51, 51, 51); ">Inc</span><span lang="EN-US" style="color: rgb(51, 51, 51); ">.<b><o:p></o:p></b></span></font></p><p class="MsoNormal" style="MARGIN: 0mm 0mm 0pt; VERTICAL-ALIGN: baseline; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><font size="3" style="font-size: 1em; "><span lang="EN-US" style="color: rgb(51, 51, 51); "><br /></span></font></p><p class="MsoNormal" style="MARGIN: 0mm 0mm 0pt; VERTICAL-ALIGN: baseline; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><font size="3" style="font-size: 1em; "><span lang="EN-US" style="color: rgb(51, 51, 51); ">Ｌｉｎｋ to JCR website</span></font></p><p class="MsoNormal" style="MARGIN: 0mm 0mm 0pt; VERTICAL-ALIGN: baseline; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><font size="3" style="font-size: 1em; "><span lang="EN-US" style="color: rgb(51, 51, 51); "><a href="http://www.jcr.co.jp/release/pdfen/11d0195ASTen.pdf">http://www.jcr.co.jp/release/pdfen/11d0195ASTen.pdf</a></span></font></p>]]></description>
			<link>http://www.avanstrate.com/english/company/news/2011/0610_33.html</link>
			<guid>http://www.avanstrate.com/english/company/news/2011/0610_33.html</guid>
			
			
			<pubDate>Fri, 10 Jun 2011 17:31:17 +0900</pubDate>
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		<item>
			<title>Announcement on LBO loan refinancing</title>
			<description><![CDATA[The AvanStrate Group concluded loan agreements for a total amount of 82 billion yen (including a corporate syndicated loan and a loan covered by overseas untied loan insurance of Nippon Export and Investment Insurance (NEXI)) as a result of negotiations seeking loans from several financial institutions to refinance its debt for the relevant LBO payments since the loan agreement was concluded in the wake of the MBO in June 2008.<br />The Bank of Tokyo-Mitsubishi UFJ arranged these loan agreements for a maximum term of five years and for purposes including repayment of the aforementioned LBO loan.<br />This refinancing will drastically improve the debt structure of the AvanStrate Group, enabling it to improve earnings by reducing interest costs and making more measures available when securing funds for promoting capital investment strategies toward business expansion.<br /><br />The details of the loan agreements are as follows.<br /><br />
<table class="table1">
	<tbody><tr>
		<th>&nbsp;</th>
		<th>Term loan</th>
		<th>Commitment line</th>
		<th>NEXI insured loan</th>
	</tr>
	<tr>
		<th>Breakdown</th>
		<td>52 billion yen</td>
		<td>10 billion yen</td>
		<td>20 billion yen</td>
	</tr>
	<tr>
		<th>Effective date</th>
		<td colspan="3">30-Dec-10</td>
	</tr>
	<tr>
		<th>Term</th>
		<td>Maximum 5 years</td>
		<td>1 year</td>
		<td>5 years</td>
	</tr>
	<tr>
		<th rowspan="2">Arranger</th>
		<td colspan="3">Arranger: The Bank of Tokyo-Mitsubishi UFJ</td>
	</tr>
	<tr>
		<td colspan="3">Joint arranger: Development Bank of Japan</td>
	</tr>
	<tr>
		<th>Lender</th>
		<td colspan="3">Multiple domestic financial institutions</td>
	</tr>
</tbody></table>]]></description>
			<link>http://www.avanstrate.com/english/company/news/2010/1224_29.html</link>
			<guid>http://www.avanstrate.com/english/company/news/2010/1224_29.html</guid>
			
			
			<pubDate>Fri, 24 Dec 2010 19:03:49 +0900</pubDate>
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		<item>
			<title>2010 AvanStrate Environmental/Corporate Social Responsibility Report released</title>
			<description><![CDATA[We have just released the "2010 AvanStrate Environmental/Corporate Social Responsibility Report" summarizing the AvanStrate Group's environmental and social activities carried out in fiscal 2009 (from April 1, 2009 to March 31, 2010).<br />We intend to make the most of this report to help many people - including our stakeholders - understand our efforts and start providing us with their opinions.<br /><br />Only the PDF version of this report is available via the Internet.<br /><br /><a href="http://www.avanstrate.com/english/pdf/kankyou2010e.pdf" class="blank">Click here for the 2010 AvanStrate Environmental/Corporate Social Responsibility Report</a><br /><br /><blockquote><b>Inquiries</b><br />AvanStrate Inc.<br />Administration Management Department<br />TEL: +81-59-352-6451 </blockquote>]]></description>
			<link>http://www.avanstrate.com/english/company/news/2010/1220_27.html</link>
			<guid>http://www.avanstrate.com/english/company/news/2010/1220_27.html</guid>
			
			
			<pubDate>Mon, 20 Dec 2010 18:43:03 +0900</pubDate>
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		<item>
			<title>Notice on 1st/2nd unsecured debenture issuances</title>
			<description><![CDATA[AvanStrate announces that it has today determined the terms of the issuance of its first and second unsecured debentures as below.<br /><br /><b>1. AvanStrate first unsecured debentures (with inter-bond pari passu clause)</b><br /><table>
	<tbody><tr>
		<td>(1)</td>
		<td>Total amount of issue</td>
		<td>20 billion yen</td>
	</tr>
	<tr>
		<td>(2)</td>
		<td>Denomination per bond</td>
		<td>100 million yen</td>
	</tr>
	<tr>
		<td>(3)</td>
		<td>Coupon rate</td>
		<td>1.94% per annum</td>
	</tr>
	<tr>
		<td>(4)</td>
		<td>Issue price</td>
		<td>100 yen per face value of 100 yen</td>
	</tr>
	<tr>
		<td>(5)</td>
		<td>Redemption price</td>
		<td>100 yen per face value of 100 yen</td>
	</tr>
	<tr>
		<td>(6)</td>
		<td>Time of maturity</td>
		<td>November 5, 2013 (three years)</td>
	</tr>
	<tr>
		<td>(7)</td>
		<td>Interest payment dates</td>
		<td>May 5 and November 5 of each year<br />(First payment date May 5, 2011)</td>
	</tr>
	<tr>
		<td>(8)</td>
		<td>Offering period</td>
		<td>October 29, 2010</td>
	</tr>
	<tr>
		<td>(9)</td>
		<td>Closing date</td>
		<td>November 5, 2010</td>
	</tr>
	<tr>
		<td>(10)</td>
		<td>Collateral</td>
		<td>No collateral or guarantee is pledged and no assets are specifically reserved to secure these bonds.</td>
	</tr>
	<tr>
		<td>(11)</td>
		<td>Covenants</td>
		<td>Negative pledge clause is attached.</td>
	</tr>
	<tr>
		<td>(12)</td>
		<td>Underwriter</td>
		<td>Daiwa Securities Capital Markets Co. Ltd.</td>
	</tr>
	<tr>
		<td>(13)</td>
		<td>Fiscal agent</td>
		<td>The Bank of Tokyo-Mitsubishi UFJ, Ltd.</td>
	</tr>
	<tr>
		<td>(14)</td>
		<td>Issuing and paying agent</td>
		<td>The Bank of Tokyo-Mitsubishi UFJ, Ltd.</td>
	</tr>
	<tr>
		<td>(15)</td>
		<td>Book-entry transfer institution</td>
		<td>Japan Securities Depository Center, Inc.</td>
	</tr>
	<tr>
		<td>(16)</td>
		<td>Rating</td>
		<td>A- (Japan Credit Rating Agency, Ltd.)</td>
	</tr>
</tbody></table>
<br />
<b>2. AvanStrate second unsecured debentures (with inter-bond pari passu clause)</b><br />
<table>
	<tbody><tr>
		<td>(1)</td>
		<td>Total amount of issue</td>
		<td>10 billion yen</td>
	</tr>
	<tr>
		<td>(2)</td>
		<td>Denomination per bond</td>
		<td>100 million yen</td>
	</tr>
	<tr>
		<td>(3)</td>
		<td>Interest rate</td>
		<td>3.02% per annum</td>
	</tr>
	<tr>
		<td>(4)</td>
		<td>Issue price</td>
		<td>100 yen per face value of 100 yen</td>
	</tr>
	<tr>
		<td>(5)</td>
		<td>Redemption price</td>
		<td>100 yen per face value of 100 yen</td>
	</tr>
	<tr>
		<td>(6)</td>
		<td>Time of maturity</td>
		<td>November 5, 2015 (five years)</td>
	</tr>
	<tr>
		<td>(7)</td>
		<td>Interest payment dates</td>
		<td>May 5 and November 5 of each year</td>
	</tr>
	<tr>
		<td>&nbsp;</td>
		<td>(First payment date May 5, 2011)</td>
		<td>&nbsp;</td>
	</tr>
	<tr>
		<td>(8)</td>
		<td>Offering period</td>
		<td>October 29, 2010</td>
	</tr>
	<tr>
		<td>(9)</td>
		<td>Closing date</td>
		<td>November 5, 2010</td>
	</tr>
	<tr>
		<td>(10)</td>
		<td>Collateral</td>
		<td>No collateral or guarantee is pledged and no assets are specifically reserved to secure these bonds.</td>
	</tr>
	<tr>
		<td>(11)</td>
		<td>Covenants</td>
		<td>Negative pledge clause is attached.</td>
	</tr>
	<tr>
		<td>(12)</td>
		<td>Underwriter</td>
		<td>Daiwa Securities Capital Markets Co. Ltd.</td>
	</tr>
	<tr>
		<td>(13)</td>
		<td>Fiscal agent</td>
		<td>The Bank of Tokyo-Mitsubishi UFJ, Ltd.</td>
	</tr>
	<tr>
		<td>(14)</td>
		<td>Issuing and paying agent</td>
		<td>The Bank of Tokyo-Mitsubishi UFJ, Ltd.</td>
	</tr>
	<tr>
		<td>(15)</td>
		<td>Book-entry transfer institution</td>
		<td>Japan Securities Depository Center, Inc.</td>
	</tr>
	<tr>
		<td>(16)</td>
		<td>Rating</td>
		<td>A- (Japan Credit Rating Agency, Ltd.)</td>
	</tr>
</tbody></table>
<br /><br />
This document is a press release intended for publicizing the aforementioned issue of bonds and is not intended as a solicitation for investment or any similar activity. When making an investment in the aforementioned bonds, please make sure to examine the prospectus of the registered bond issue that we provide and make any such investment decision at your own discretion.<br /><br /><blockquote>Inquiries:<br />AvanStrate Inc.<br />Tanaka or Shimada, Finance Management Department<br />TEL: +81-3-5780-7638<br /></blockquote>]]></description>
			<link>http://www.avanstrate.com/english/company/news/2010/1029_28.html</link>
			<guid>http://www.avanstrate.com/english/company/news/2010/1029_28.html</guid>
			
			
			<pubDate>Fri, 29 Oct 2010 18:45:54 +0900</pubDate>
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		<item>
			<title>AvanStrate website renewed</title>
			<description><![CDATA[We renewed our website on Friday, October 1, 2010.<br />We are determined to make sustainable efforts to satisfy our customers.<br />Thank you for your continued support.<br /><br /><ul><li><a href="http://www.avanstrate.com/">Corporate site: http://www.avanstrate.com/</a></li></ul><ul><li><a href="http://www.avanstrate.com/recruit/">Recruitment site for 2012 graduate students (Japanese): http://www.avanstrate.com/recruit/</a></li></ul> ]]></description>
			<link>http://www.avanstrate.com/english/company/news/2010/1001_25.html</link>
			<guid>http://www.avanstrate.com/english/company/news/2010/1001_25.html</guid>
			
			
			<pubDate>Fri, 01 Oct 2010 17:44:12 +0900</pubDate>
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		<item>
			<title>Tokyo office now open</title>
			<description><![CDATA[As stated below, we are opening our Tokyo office on March 8. At the same time, the Financial Planning Division of the Finance Management Department at headquarters and the Sales Division Head Office at Yokohama office will transfer to the Tokyo office.<br />We are determined to continue to make greater effort to satisfy customer needs. We look forward to your continued support. <br /><br />Further details about these changes will be provided at a later date.<br /><br />March 2010<br /><div align="right">AvanStrate Inc.<br /></div><br />Tokyo office<br />Shinagawa Place 2F, 1-8-40 Konan, Minato-ku, Tokyo 108-0075<br />TEL: +81-3-5780-8484<br />FAX: +81-3-5780-8481<br />※The telephone and FAX numbers of the old Sales Division Head Office (Yokohama) will only be connected until March 5.<br /><br />Headquarters<br />2 Chitose-cho, Yokkaichi-shi, Mie, 510-0051<br />TEL: +81-59-352-6451 <br />FAX: +81-59-352-6401 <br /><br /><a href="http://www.avanstrate.com/company/news/docs/1003.pdf" class="blank">Click here for PDF version (Japanese)</a><br /> ]]></description>
			<link>http://www.avanstrate.com/english/company/news/2010/0309_26.html</link>
			<guid>http://www.avanstrate.com/english/company/news/2010/0309_26.html</guid>
			
			
			<pubDate>Tue, 09 Mar 2010 18:38:45 +0900</pubDate>
		</item>
		
		<item>
			<title>Rating assigned by JCR</title>
			<description><![CDATA[AvanStrate acquired a long-term senior debt rating of "A-" from Japan Credit Rating Agency, Ltd. (JCR) on Wednesday, November 11, 2009.<br /><br />Outline of the acquired rating<br /><ul><li><b>Rating</b><br />Long-term senior debt rating "A-" ("stable" outlook) by Japan Credit Rating Agency (JCR)<br /></li></ul><ul><li><b>Date of acquisition</b><br />November 11, 2009<br /></li></ul><br /><a href="http://www.jcr.co.jp/english/top_cont/rat_info04.php?no=09d0760" class="blank">Link to JCR website<br />http://www.jcr.co.jp/english/top_cont/rat_info04.php?no=09d0760</a> ]]></description>
			<link>http://www.avanstrate.com/english/company/news/2009/1113_24.html</link>
			<guid>http://www.avanstrate.com/english/company/news/2009/1113_24.html</guid>
			
			
			<pubDate>Fri, 13 Nov 2009 17:38:33 +0900</pubDate>
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		<item>
			<title>Announcement on Headquarters relocation</title>
			<description><![CDATA[We would like to announce the relocation of our headquarters as follows.
<br />The location of our new headquarters has been moved to that of the existing Yokkaichi office.<br />The Yokohama office will continue operations as the Sales Division Head Office.<br />Taking this opportunity, we are committed to striving to meet expectations by continued commitment to service. <br />We look forward to your continued support.
Further details about these changes will be provided at a later date.<br /><br />September 2009<br /><br /><b>Headquarters /Yokkaichi factory</b><br />
2 Chitose-cho, Yokkaichi-shi, Mie, 510-0051
<br />TEL: +81-59-352-6451<br />
FAX: +81-59-352-6401

<br /><br /><b>Sales Division Head Office</b><br />
Keihin Tatemono 1st Bldg. 6F, 2-12-20, Shin-Yokohama, Kohoku-ku, Yokohama-shi, Kanagawa, 222-0033
<br />TEL: +81-45-475-2905<br />
FAX: +81-45-475-2908

<div style="text-align: right;">AvanStrate Inc.
CEO Jun Makino<br /><br /></div>

<blockquote>Inquiries: Kobayashi or Shindo, Personnel/Administration Division.
<br />TEL: +81-59-352-6451

<br /><a href="http://avanstrate-stg.eclp.net/company/news/docs/0909.pdf" class="blank">Click here for PDF version（Japanese）</a></blockquote>]]></description>
			<link>http://www.avanstrate.com/english/company/news/2009/0901_23.html</link>
			<guid>http://www.avanstrate.com/english/company/news/2009/0901_23.html</guid>
			
			
			<pubDate>Tue, 01 Sep 2009 12:13:34 +0900</pubDate>
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