• Kyodo

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Toshiba Corp. said Thursday it has agreed with Hewlett-Packard Co. to begin talks on collaborating over smart-community technology.

With the agreement, the two firms will conduct joint research and development for the smart community concept, including system infrastructure and cloud computing services, and study the feasibility of their business, Toshiba said.

Toshiba is aiming to triple its smart-community-related sales to ¥900 billion in fiscal 2015.

Toshiba is actively promoting its smart-community business, and announced last week that it had acquired a 75 percent stake in a Malaysian power transmission and distribution equipment company. It is also aiming to jointly participate with U.S.-based Hewlett-Packard in green-city projects in emerging economies.

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