Japan's robotics startup ZMP Inc hopes to list in coming months: CEO

TOKYO (Reuters) - Japanese robotics startup ZMP Inc hopes to list on the Tokyo Stock Exchange in the coming months, after a delay late last year due to client information being leaked on to the internet, the firm's founder and CEO told Reuters on Friday.

Despite the delay in its initial public offering, worth up to $82 million, ZMP remained on track to develop a self-driving taxi in time for the 2020 Tokyo Olympics, CEO Hisashi Taniguchi said.

The company was ironing out internal security issues after it discovered some client information had been leaked to the public days ahead of its listing, Taniguchi said.

"We're developing our security systems in-house, which will take some time, but this is not the sort of thing that takes a year to develop," he said.

"When we're happy with our security system, then we'll re-submit our listing application."

Taniguchi said ZMP will push ahead with developing self-driving taxis, despite losing its partnership last month with gaming software developer DeNA Co. DeNA paired up instead with Nissan Motor Co to develop services for autonomous driving cars.

"At the moment our (taxi) plans are on track. We started testing on public roads last year, so we don't want to rush anything," he said.

ZMP has developed an automated driving system based on laser and stereo cameras, which it plans to use in fleet vehicles and also sell to automakers and mobility service providers.

In a country famous as much for its auto industry as its fascination with robots, ZMP is one of a few domestic start-ups developing self-driving cars to compete against foreign firms including nuTonomy in the United States and China's Future Mobility.

ZMP also makes drones and automated dolly carts.

($1 = 112.6300 yen)

(Reporting by Naomi Tajitsu; Editing by Randy Fabi)

Must Read

Japan's economy slows to snail's pace as exports falter

Aug 15, 2016

Japan's economy slows in the April-June quarter, as weaker exports and business investment weigh on the faltering recovery of the world's third-largest economy

Home Depot rides housing boom to record sales, profit

Aug 16, 2016

Home Depot posted record sales and earnings during its second quarter and raised its profit expectations for the year as housing market continues to warm up

Asian stocks mostly higher after Wall Street decline

Aug 17, 2016

Asian stock markets were mostly higher Wednesday after Wall Street declined


Obserworld delivers the most accurate and up-to-date world news for the global audience with a thorough research and in-depth interviews. Discover the world through Obserworld.

Contact us: sales[at]obserworld.com