Topcon Corporation and Beijing Topcon Business and Trade Co., Ltd. (BTBT) participated in a signing ceremony June 15 establishing a new joint company in China.

The new company, Topcon (Beijing) Opto-electronics Development Corporation, will be jointly owned by Topcon Corporation, BTBT, and Topcon Positioning Systems, a wholly-owned US subsidiary of Topcon Corporation.

The new company will begin operation after completing registration procedures, and will manufacture the GNSS receivers in addition to the existing optical product lineup primarily sold in Chinese and other emerging markets.