GeoTechnologies, Inc.

News Release

October 20, 2021

"GeoTechnologies, Inc." on January 20, 2022

-An ESG Company with Geo-Prediction-

INCREMENT P CORPORATION (Headquarters: Bunkyo-ku, Tokyo, Japan, President & CEO: Hiroshige Sugihara) (INCREMENT P) will change its name to "GeoTechnologies, Inc." on January 20, 2022.

■Background of Company Renaming
On June 1, 2021, INCREMENT P became independent from PIONEER CORPORATION with the capital support of Polaris Capital Group Co., Ltd.
Marking it as its second establishment, the company will renew its resolution and rename itself to be reborn as a new company that combines digital map data with cutting-edge technology.

■Thoughts behind the Company Name

代表取締役社長CEO 杉原 博茂
[Hiroshige Sugihara, President & CEO]
For us humans and for all other lifeforms, societies, and companies, the essential fundamental condition is the health of the earth.
For over a quarter century since our establishment, we have been committed to creating digital-native maps of the earth and providing navigation services.
In Japan, we have been providing massive amounts of data, namely approximately seven million kilometers of driving investigation data; four billion images; over 42 million addresses; high-precision road network data for autonomous driving in the near future; over 800 million various map components; dynamic data, or over 600 million daily log entries to learn the movement of people; and an enormous amount of machine-made data generated by sensors, for the sake of the prosperity of the earth, society, customers, and all humanity.
The new company name, GeoTechnologies, represents our aspiration to combine earth (Geo) with advanced digital technologies in order to create a "Geo-Prediction" world.
We want to help solve various issues, such as the aging population with a declining birthrate, decarbonization, and natural disasters.
Adopting "Geo-Prediction", or thinking ahead, as our slogan, we will make new efforts for the earth, society, and people, and live up to our company name.

■Future Outlook
GeoTechnologies (current name: INCREMENT P) promises to further enhance its core business, namely digital map and location information solutions and high-definition 3D maps, and will continue to provide fresh, high-definition, and high-quality content data. Furthermore, the combining of digital-native big data and advanced technologies, such as AI, IoT, SaaS, and Blockchain, that we possess will enable seamless coordination with autonomous driving technology, MaaS, and CASE (Connected, Autonomous/Automated, Shared, and Electric) and promote the realization of a Metaverse world and Society 5.0.
Using the enormous amounts of big data and advanced technologies, we will strive to create a predictable world and pursue management that considers environmental, social, and corporate governance (ESG) based on Geo-Prediction.

Your continued support and patronage will be greatly appreciated.

■New company name
GeoTechnologies, Inc.

■Date of renaming
January 20, 2022

In 1994, INCREMENT P started its digital map business for car navigation systems, and has been engaged in the entire mapping process from map maintenance to providing services throughout Japan, developing map data and software for car navigation systems and providing map services under the MapFan brand. Based on its unique and innovative map development technology that enables the speedy collection, extraction and updating of a vast number of changes in the real world, INCREMENT P is able to provide highly accurate maps with high recentness, and also provides high-precision maps that are indispensable for realizing highly automated driving. In addition, we are creating new services based on Location Intelligence by combining maps with a variety of big data and real-time data, including people flow data.

Headquarters' location: Bunkyo Green Court Center Office, 2-28-8 Honkomagome, Bunkyo-ku, Tokyo
Representative: Hiroshige Sugihara, President & CEO
Founded: May 1, 1994
Capital: 10.5 billion yen
Business summary:
Navigation business: Domestic/overseas car navigation systems, map update software
Content business: Domestic map data, multilingual Japan map data
Map solution business: Personal services (e.g., "MapFan" which is a map service, "TRI-MA" which is an application for earning mileage), Corporate services (various location information solutions)