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For Immediate Release - Hitachi America, Ltd.

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FOR IMMEDIATE RELEASE Contacts: Gerard F. Corbett Hitachi America, Ltd. 650.244.7900 [email protected] Kerstin Barr Weber Shandwick San Mateo 650.532.4033 [email protected] HITACHI ANNOUNCES NEW 50-INCH PLASMA DISPLAY -- New Model Combines Exceptional Image Quality and Video Options for Presentation and Digital Signage Customers -LAS VEGAS, www.hitachi.com, June 11, 2002 – Hitachi America, Ltd., a subsidiary of Hitachi, Ltd., Tokyo, Japan (NYSE: HIT), today introduced the CMP5000WXU, the newest addition to Hitachi’s plasma display family. The new model joins the 42-inch CMP4121HDU, now available with a silver bezel, and the high-definition 37-inch CMP307XU, providing a complete range of plasma displays for an array of presentation requirements. Ideal for conferences and show rooms, restaurant menu boards, retail stores and sports venues, the new product features a sleek design with a large 50-inch viewing area, and exceptional video quality. The CMP5000WXU will be demonstrated in conjunction with Hitachi’s full line of visual display products at InfoComm 2002 in Booth #7081 at the Sands Convention Center in Las Vegas from June 12 – 14, 2002. - more - -2- “Overall demand for plasma displays continues to grow, and the manner in which our customers are employing them often varies. The addition of this new model will give our customers more choices in how plasmas are applied to a myriad of applications,” said Pete Denes, director of sales for Hitachi America, Ltd., Computer Division, Visual Display Products. “The CMP5000WXU gives our customers everything that they want today, along with the capabilities and features for their needs in the future.” Excellent Image Quality and Advanced Features The CMP5000WXU features XGA resolution and a sharp 900:1 contrast ratio for exceptional image quality. Sophisticated color filters and high brightness ensure rich, natural colors for lifelike imaging. The 16:9 aspect ratio display is equipped with multiscan technology to automatically adjust to VGA, S-VGA, XGA, S-XGA or UXGA resolution for enhanced brightness and contrast. Sophisticated Chassis Design The CMP5000WXU features a slim design that is less than four inches thick, bringing a sophisticated look to any installation. The lightweight display is mountable virtually anywhere due to its 85-pound design and a variety of installation options. Optional Video Card To further meet the needs of Hitachi’s diverse customer base, the CMP5000WXU can be upgraded with an optional video card for enhanced video capabilities. With the video card, the CMP5000WXU is HDTV-ready and accepts composite, component and DVI-D video inputs, as well as additional audio inputs. This optional video card ensures the CMP5000WXU will continue to meet customers’ needs well into the future. The CMP5000WXU is priced at $15,995 and is now available through Hitachi’s network of authorized resellers. - more - -3- About Hitachi Hitachi America, Ltd., Computer Division, supplies high-performance computer storage products and multimedia products to OEMs, value-added resellers, system integrators and distributors. The division’s products include high-capacity hard disk drives, LCD/LCOS projectors, CRT monitors, color laser beam printers and flat panel and plasma displays. Hitachi America, Ltd., a subsidiary of Hitachi, Ltd., markets and manufactures a broad range of electronics, computer systems and products, consumer electronics and semiconductors and provides industrial equipment and services throughout North America. For more information, visit http://www.hitachi.com. Hitachi, Ltd., headquartered in Tokyo, Japan, is a leading global electronics company, with approximately 320,000 employees worldwide. Fiscal 2001 (ended March 31, 2002) consolidated sales totaled 7,994 billion yen ($60.1 billion). The company offers a wide range of systems, products and services in market sectors, including information systems, electronic devices, power and industrial systems, consumer products, materials and financial services. For more information on Hitachi, please visit the company’s Web site at http://global.hitachi.com. – 30 – - more - -4- Key Features and Specifications Native XGA Resolution (1,024 x 768) Versatile connectivity – RGB (Composite, Component and DVI-D with optional video card) High Contrast Ratio – 900:1 (typical) Brightness – 340 cd/m2 (typical) HDTV-ready (with optional video card) Weight – 38.9 kilograms Speakers – 2W + 2W (optional) FCC Class B Compliant Warranty – 2 years parts and labor # # #