SYLA Solar and LIVE THE CREATIVE Enters into a Comprehensive Business Alliance— Land Survey and Development Using Drone Technology for Renewable Energy Initiatives

SYLA Solar Co., Ltd. (Head Office: Nagoya, Aichi; CEO: Takeshi Fuchiwaki; hereinafter “SYLA Solar”), a wholly owned subsidiary of SYLA Technologies Co., Ltd. (Head office: Shibuya-ku, Tokyo; CEO: Hiroyuki Sugimoto; NASDAQ “SYT”), has entered into a Comprehensive Business Alliance Agreement with LIVE THE (Head Office: Shibuya-ku, Tokyo; CEO: Kouki Nakanishi; hereinafter “LIVE THE CREATIVE”).

Purpose and Background of the Business Alliance
The business alliance between SYLA Solar and LIVE THE CREATIVE brings together the expertise and advanced technologies of both companies to innovate solar power plant development. SYLA Solar brings its extensive knowledge spanning from land acquisition to regulatory compliance and design within solar power plant development. Meanwhile, LIVE THE CREATIVE delivers highly precise and efficient surveying solutions utilizing drone technology. Efficiency and precision are indispensable in the development of safe solar power plants, underscoring the significance of this partnership. Beginning with the selection of suitable land, construction of solar power plants requires design based on accurate data. The integrated approach by both companies will expedite and streamline the entire development process, spanning from land acquisition to design.

Specific Benefits of Developing Solar Power Plants
This business alliance has significantly enhanced the precision and efficiency of land surveys. For instance, surveys in mountainous areas, which previously consumed over a month with conventional methods, can now be completed in just half a day by integrating drones, an emerging ICT technology. Moreover, within a week, necessary information can be accessed from the captured data. Furthermore, by combining drone-based topographic surveys with laser scanning technology, a comprehensive understanding of various land features, including shape, structure, terrain, and tree arrangement, has been achieved with remarkable accuracy. This technological breakthrough enables the effective utilization of a wider range of land, including previously challenging areas. As a result, it facilitates the selection of land suitable for solar power plant development and enhances precision during the design phase, while also significantly improving overall development efficiency and minimizing the impact of natural disasters.

Future Prospects
To flexibly respond to the current decline in Japan's workforce, SYLA Solar plans to enhance its efforts in automation and labor-saving initiatives, leveraging its DX technology through further demonstrations. Additionally, SYLA Solar's initiatives will contribute to ESG (Environmental, Social, Governance) objectives. Efficient development of solar power plants promotes the use of renewable energy and contributes to reducing greenhouse gas emissions. Moreover, drones can support disaster prevention efforts by swiftly converting terrain into 3D data, facilitating surveys for hazard mapping in the region and enabling real-time situational awareness during disasters. Even in hazardous areas inaccessible to humans, drones provide a safe and accurate means of assessing situations.

Head Office: Nampeidai Imai Building 8F, 15-15, Nampeidai, Shibuya-ku, Tokyo, Japan
Representative Director: Kouki Nakanishi
Establishment: July 2020
Capital: 5,000,000 yen

SYLA Solar Co., Ltd.
Head Office: Land Square Marunouchi 2F, 2-18-14 Marunouchi, Naka-ku, Nagoya, Aichi, Japan
Representative Director: Takeshi Fuchiwaki
Establishment: August 2013
Capital: 46,000,000 yen

SYLA Technologies Company Contact
Takeshi Fuchiwaki
Director, Chief Growth Officer
[email protected]