Analog Devices, Inc. (NYSE: ADI) and Minebea Co., Ltd. (NMB) of Japan, a leading manufacturer of motors and machinery products, announced that the two companies have formed an agreement to jointly develop resolver systems for the automotive market. This joint- development agreement will result in new highly-reliable and high-performance resolver systems that will be offered at a lower price than commonly found in the industry, making the systems affordable and easy to use for high-volume automotive applications. These applications include electric power steering (EPS), starters/generators and hybrid electric vehicles. EPS systems have many benefits to consumers because they enable environmentally friendly vehicles and can save drivers up to eight percent on gas mileage.