New cold chain transport equipment featuring the Stainless Steel Vacuum Insulation Panel, TIVIP, has been publicly unveiled,
having started operations at the Osaka-Kansai Expo venue.

Following the pandemic, the logistics industry has seen a sharp increase in demand for home deliveries due to the expanding
e-commerce market. This has created a challenge in streamlining small-lot and last-mile deliveries.
In addition, a severe labor shortage of drivers and warehouse workers is accelerating the adoption of automation,
including the introduction of automated warehouses, robots, and AI.

Furthermore, the industry is also accelerating its sustainability efforts, including the promotion of logistics DX aimed at improving operational efficiency and cutting costs, as well as the adoption of EV trucks. Other major challenges include the “2024 Logistics Problem,” which stems from stricter labor regulations that took effect in April 2024, and the restructuring of global supply chains in response to geopolitical risks.

Mr. Kurata announced that, against this backdrop, the entire industry is accelerating the pace of change and advancing a wide range
of initiatives.

Tiger Corporation is leveraging its vacuum insulation technology, cultivated over 100 years, to drive the development of the Vacuum Insulated Panel (TIVIP), with the goal of contributing to global warming prevention and carbon neutrality.

Unlike conventional materials, the adoption of stainless steel has enabled the panel to achieve high thermal insulation, a long lifespan,
and non-flammability. Consideration for its expansion into reefer containers, transport boxes, and building materials is underway,
and the new material is attracting attention for its superior energy-saving, safety, and recyclability features.

Mr. Minamimura announced that the company aims to expand the introduction of the panel into the logistics and construction sectors
in the future.

Developed by Gifu Plastic Industry Co., Ltd., the resin-based honeycomb panel Teccell is a hollow structure with excellent lightness
and strength, which utilizes a polypropylene honeycomb.

Because of its unique properties, it is used in a wide range of fields, including automobile interiors, logistics materials, sound-absorbing panels, building materials, furniture, and shock-absorbing materials.

Mr. Iwai announced that the company is expanding its applications to include office booths, flooring for sports facilities,
soundproofing measures, and protectors, leveraging its lightweight, high-strength, and versatile properties.

At the Expo, starting on May 27, 2025, the use of cold chain transport equipment with temperature-maintaining functions began for freight that requires temperature control, such as food, beverages, and souvenirs provided within the venue.

During transport, temperature data is being acquired and managed, and verification and analysis for future commercialization are also being carried out.

Mr. Kurata stated that with an eye toward commercialization in fiscal year 2026, the company is considering expansion into a wide range of fields such as food, pharmaceuticals, electronic components, and art, while also addressing challenges like suppressing temperature rise in the summer and preventing freezing in the winter.

This is a high-performance insulation material that achieves extremely low thermal conductivity by creating a vacuum inside the panel. Compared to other conventional insulation materials, it provides a high thermal insulation effect even at a very thin thickness.
Due to these characteristics, its use is expected in fields that prioritize energy saving and space efficiency.

Furthermore, using stainless steel allows for the long-term maintenance of non-flammability and high thermal insulation, which was not
possible with conventional non-stainless vacuum insulation materials. Due to its outstanding insulation performance, the panel is expected to be utilized in a wide range of industrial fields. It will particularly contribute to next-generation technological innovation in the transport and construction industries, where energy efficiency and temperature management are essential.

In the utilization at the Osaka-Kansai Expo, we are using a lightweight and robust insulation unit panel that sandwiches our newly developed Stainless Steel Vacuum Insulation Panel, “TIVIP,” between “Teccell,” a lightweight and high-strength resin-based honeycomb panel from Gifu Plastic Industry.

By adopting this insulation unit panel in Nippon Express’s transport and packaging tools, such as the Protect BOX, we’ve enabled high-performance cold chain transport. While conventional frozen, refrigerated, and temperature-controlled transport required the use of coolants or heat storage materials to maintain temperature, our solution makes these materials unnecessary and achieves a significant reduction in electricity usage.

As a core company of the NX Group, Nippon Express provides high-quality, sustainable logistics solutions globally by making full use of air,
marine, rail, truck, warehousing, and IT. Furthermore, it is a “Recommended Logistics Provider” and a “Designated On-site Cargo Handling
Provider” for the Osaka-Kansai Expo.

They manufacture and sell plastic industrial materials, industrial parts, and medical parts, as well as daily household goods and water pipe joints.
They have also commercialized TECCELL, an excellent next-generation honeycomb core material with very high specific strength and specific stiffness. In the logistics field, TECCELL is poised to pursue limitless possibilities.