TOKYO -- Micrognosis Inc., an American manufacturer of trading information distribution systems, said Thursday it has launched a joint venture to produce and market its products in Japan.
The company, headquartered in Danbury, Conn., said the venture, Micrognosis International, will focus its efforts on sales of the company's 'Trade System' products to Japanese financial institutions.
Eighteen of the systems with over 1,000 workstations have already been sold to both Japanese and foreign institutions in Tokyo, of which nine are already installed and in operation, the company said.
Company officials said Micrognosis International will oversee its operations in the Asian and Pacific region covering Australia, New Zealand, Hong Kong, Singapore, South Korea and Taiwan as well as Japan.
Its concept of decentralization is to 'get our service as near to our customers as we can,' said Antony J. Martin, Micrognosis president. 'We want our technical expertise as near to our customers as possible.'
The new venture is owned jointly by Micrognosis and Telecomet International, a joint venture by Kokusai Denshin Denwa (KDD), Japan's overseas telecommunications giant, Japan Air Lines and Telecomet Japan Inc., a subsidiary of Telecomet International GmbH of West Germany.
Martin said Telecomet International will be in charge of sales, product development, installation and maintenance of equipment while Micgrognosis will provide support and training of necessary persoonel for Telecomet.
Micrognosis holds about 35 percent share on the global market. In Japan, the company expected to hold a share of about 60 percent when its back orders are implemented.
The company said it anticipates sales in Japan in 1987 at $23 million.