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Japan-Update

Panasonic prepares to offload main security camera plant

Japanese group cutting costs in segment, shifting from hardware to software

Panasonic will focus on developing advanced facial recognition software in its security camera business.

TOKYO -- Panasonic looks to close first-round bidding in early April for the sale of a Chinese security camera factory as the company moves to cut costs in a business that has struggled to gain a foothold outside Japan.

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