Market Chatter: Panasonic Targets Underwater High-Speed Communications by 2030

MT Newswires Live12-10

Panasonic (TYO:6752) plans to launch its Nessum underwater communications system by 2030, aiming to deliver high-quality image and sound transmission, Nikkei reported Wednesday.

Being developed with Kyushu Institute of Technology, Nessum uses wired and wireless connections on standard power lines, reaching speeds around 1 gigabit per second, according to the report.

Already tested on land, it could aid seabed research and resource exploration, including rare-earth deposits near Japan, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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