--- First Automotive Supplier to be Chosen ---
TOKYO - J. D. Power III, chairman and founder of J.D. Power and Associates, tonight personally presented the company's prestigious Chairman's Award to DENSO Corporation at the Morgan Stanley - J. D. Power and Associates Automotive Excellence Recognition event, held at the New York Stock Exchange.
"This award recognizes DENSO's dedication to providing consistent high quality systems and components to automotive manufacturers, exemplified by its noteworthy performance in numerous J.D. Power and Associates studies," Power said. "In all the years J.D. Power and Associates has been surveying automotive product quality, the quality process is the key to success. DENSO has excelled in providing this continuous improvement process, establishing their systems and components as the benchmark of excellence."
Throughout the 34-year history of J.D. Power and Associates, the Chairman's Award has only been presented on eight previous occasions. DENSO is the first automotive supplier company to receive the award. Previous recipients General Motors Corp., Ford Motor Company/UAW, and Hiroshi Okuda, Toyota Motor Corporation chairman.
In accepting the award, Hiromu Okabe, president and CEO of DENSO Corporation, said, "From the beginning, DENSO has focused its efforts on producing high quality products for our customers. To be honored by Mr. Power and the J.D. Power organization for our commitment to quality serves as great inspiration for our 85,000 employees to continue their pursuit of customer satisfaction through worldwide quality."
J.D. Power and Associates is a global marketing information services firm operating in key business sectors including market research, forecasting and customer satisfaction. The firm's quality and satisfaction measurements are based on actual customer responses from more than one million consumers annually.
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components. Worldwide, the company employs 85,000 people in 29 countries, including Japan. Consolidated global sales for fiscal year ended March 31, 2001 totaled US$16.2 billion. DENSO common stock is traded on the Tokyo, Osaka and Nagoya stock exchanges in Japan. For more information, see www.globaldenso.com.