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Nagamori Foundation Commences as Administrator of "Nagamori Award", Nidec's Motor-Related Technology Commendation Program

KYOTO, Japan, May 12, 2015 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) (the "Company") today announced that the Nagamori Foundation, a general incorporated foundation newly organized for the purpose of overseeing the Nagamori Award, has commenced its operations. The Nagamori Foundation will announce the first winners of the Nagamori Award by the end of May 2015.

The details of the Nagamori Foundation and the first Nagamori Award are as follows:

1. Nagamori Foundation
Name: The Nagamori Foundation (a general incorporated foundation)
Address: 518 Akinono-cho, Nijo-sagaru, Karasuma-dori, Nakagyo-ku,
Kyoto, 604-0847, Japan
President: Shigenobu Nagamori
Established: December 17, 2014
Purpose: The Nagamori Foundation is intended to support research and development engineers across the world by awarding them for their R&D achievements in scientific and technological areas, and thereby contribute to the promotion of scientific and industrial developments, realization of affluent life, and the conservation of the global environment
Activities: - Administer the Nagamori Award, a commendation program to award individuals who have made a significant contribution to scientific and technological development
- Engage in activities necessary to achieve the Nagamori Foundation's purposes
2. The First Nagamori Award
The Nagamori Foundation will administer all activities related to the Nagamori Award. The foundation will announce the award winners publicly by the end of May 2015 via mass-media as well as on the Nagamori Foundation website (currently under construction).
Please address inquiries to the following contact:
Contact person: Mr. Noritsugu Akagi (Secretariat, the Nagamori Foundation)
Address: 518 Akinono-cho, Nijo-sagaru, Karasuma-dori, Nakagyo-ku,
Kyoto, 604-0847, Japan
Tel: +81-75-935-7731
E-mail: n.awards@nidec.com

About Nagamori Award

The Nagamori Award was established in July 2014 by Shigenobu Nagamori, Chairman of the Board, President & CEO of the Company with an aim to further enhance the research and development of motor-related technologies and to support engineers working dedicatedly. The outlines of the Nagamori Award were press-released by the Company on July 8, 2014. To view the press-release, please visit Nidec website at:

http://www.nidec.com/en-Global/corporate/news/2014/news0708-01/

CONTACT: Masahiro Nagayasu General Manager Investor Relations +81-75-935-6140 ir@nidec.com

Source:Nidec Corporation