Seiko Epson Corporation (????????????, Seiko Epuson Kabushiki-gaisha?) (Epson being an abbreviaiton for "Son of Electronic Printer"), or simply Epson, is a Japanese electronics company and one of the worlds largest manufacturers of computer printers, and information and imaging related equipment. Headquartered in Suwa, Nagano, Japan, the company has numerous subsidiaries worldwide and manufactures inkjet, dot matrix and laser printers, scanners, desktop computers, business, multimedia and home theatre projectors, large home theatre televisions, robots and industrial automation equipment, point of sale docket printers and cash registers, laptops, integrated circuits, LCD components and other associated electronic components. It is one of three core companies of the Seiko Group, a name traditionally known for manufacturing Seiko timepieces since its founding. The roots of Seiko Epson Corporation go back to a company called Daiwa Kogyo, Ltd. which was founded in 1942 by Hisao Yamazaki, a local clock shop owner and former employee of K. Hattori, in Suwa, Nagano, Japan. Daiwa Kogyo was supported by an investment from the Hattori family (founder of the Seiko Group) and began as a manufacturer of watch parts for Daini Seikosha (currently Seiko Instruments). The company started operation in a 2,500-square-foot (230 m2) renovated miso storehouse with 22 employees. In 1943, Daini Seikosha established a factory in Suwa for manufacturing Seiko watches with Daiwa Kogyo. In 1959, the Suwa Factory of Daini Seikosha was split up and merged into Daiwa Kogyo to form Suwa Seikosha Co., Ltd: the forerunner of the Seiko Epson Corporation. The company has developed many timepiece technologies. In particular, it developed the worlds first portable quartz timer (Seiko QC-951) in 1963, the worlds first quartz watch (Seiko Quartz Astron 35SQ) in 1969, the first automatic power generating quartz watch (Seiko Auto-Quartz) in 1988 and the Spring Drive watch movement in 1999.