Sep 7, 2004

   

Notice of construction of Kobe Research Center (tentative name) to start

 

q_

We hereby inform you that TRANS GENIC INC. (HO: Mashiki-machi, Kamimashiki-gun, Kumamoto, CEO: Masahiro Koreishi) (hereinafter referred to as q‡TRANS GENICqˆ) will start constructing Kobe Research Center (tentative name) this October, 2004.

This research center will be the core facility for our main business, which is the production of knockout mice . In constructing the new research center, we plan to shift the main place where the manipulation of ES cells and gene analysis, which are a part of process of knockout mice production, have been done from the head office in Kumamoto to Kobe Research Center, and to make the research center the stronghold of our company where new technology will be developed.

The area around Kobe Port Island Phase II Site, where TRANS GENIC plans to construct Kobe Research Center is planned for medical and pharmaceutical companies and research institutes under q‡the Medical Industry Scheme for City of Kobeqˆ. We believe that the proximity will provide a great deal of synergy and interaction between TRANS GENIC and these related companies and this expansion to the area would strengthen our research and development or our sales activity.

q_ Outline of Kobe Research Center (tentative name)

Purpose:

Laboratories, Offices

Location:

Kobe Port Island Phase II Site (Pilot Enterprize Zone A)q_q_
  Regarding this site, we concluded an official agreement
q‡the Reservation of lease contractqˆwith a city of Kobe on July 7, 2003.
With this agreement, we can lease the land for approximately 20 years, the first ten years of which time the rent is free of charge.

Area:

Site Area: 5,000.44 t•
  Total floor area of the buildings: approx. 3,000t•
(Phase I: approx. 1,800t•, Phase II: approx. 1,200t•qŠ

Cost of construction:

approx. \500 million

Construction to start:

October 2004 (target schedule)

Construction to complete:

June 2005 (target schedule)

Start of operations:

July 2005 (target schedule)

 

 

 

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