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Canon U.S.A., Inc. - 5/1/2008

Canon to Expand U.S.Operations in VA with the Help of VA State and Local Officials

Newport News, VA - May 1, 2008 - Canon Inc. and Canon U.S.A., Inc. today joined Virginia state and local 
officials to announce Canon’s plans to expand its U.S. operations with new facilities and jobs in the Hampton 
Roads, Virginia, area.  With the assistance of the Commonwealth of Virginia, Canon is expected to invest more 
than $600 million to expand the operations of Canon Virginia Inc., a subsidiary of Canon U.S.A., and create more 
than 1,000 new jobs.

As part of Canon U.S.A. and Canon Virginia’s “Vision for the Future” program, these expansion plans will include 
the construction of a new 700,000 square foot facility for the manufacturing of cartridges for laser printers that 
will incorporate Canon’s proprietary high-speed, automated technology for cartridge production, and the 
expansion of its repair and refurbishing facilities for digital consumer products.  In addition, Canon plans to 
create a center for the research and development of automated and robotic manufacturing technologies for the 
Americas region in Newport News, and to expand its efforts in the recycling and reclaiming of toner cartridges 
and related materials at its Industrial Resource Technologies, Inc. (IRT) operations in Gloucester County, Virginia.

"Today’s announcement symbolizes a significant investment in manufacturing in the U.S.," said Tsuneji Uchida, 
president and chief operating officer, Canon Inc.  "The combination of producing, selling, collecting and recycling 
cartridges locally, and eliminating the need to transport products around the world, will allow us to have a positive 
environmental impact by helping to reduce CO2 emissions worldwide."

"In addition, Canon’s new automated production system will enable the Company to maintain cost competitive 
manufacturing, better manage labor costs and deliver products in a timely fashion," added Uchida.

Joe Adachi, president and chief executive officer, Canon U.S.A., added, "The U.S. and the Americas are key 
regions for the growth and success of the Canon brand now and in the future.  Canon is committed to continuously 
increasing and enhancing its operations here in the U.S. to better serve the Americas, as evidenced by today’s 

According to Takayoshi Hanagata, president and chief executive officer, Canon Virginia and IRT, "Over the 
years, we have enjoyed outstanding relationships with Virginia state and local officials.  We would like to thank 
Virginia Governor Timothy Kaine, Newport News Mayor Joe Frank and Chair Teresa Altemus of Gloucester 
County for their hard work and personal involvement.  We greatly appreciate their efforts in helping Canon 
expand our presence and remain in the region."

"Canon’s commitment to build on its 23-year relationship with the Commonwealth underscores the Company’s 
faith in Virginia and our ability to provide a business climate for its continued success," said Virginia Governor 
Timothy M. Kaine.  "We are honored by Canon’s presence in Virginia and the many benefits this latest 
expansion will bring to the Newport News and Gloucester communities."

A cornerstone of this project is the establishment of a partnership between Canon Virginia and a network of 
workforce development resources throughout Southeastern Virginia to quickly develop a highly skilled, 
technical and motivated workforce to support the expansion.  This alliance, which includes the Virginia Community 
College System, local schools and the Virginia Department of Business Assistance, among others, will support 
the development of a Technical Training Academy, designed to equip Canon Virginia’s and the IRT’s growing 
workforce with the skills necessary to support advanced manufacturing and product repair operations.

Canon is committed to exploring strategies for collaboration with Virginia’s higher education institutions.  For 
example, Canon and Canon Virginia announced a partnership with Christopher Newport University in Newport 
News to form the Christopher Newport University-Canon Leadership Scholars Program.  Beginning in August 
2008, the top 25 students chosen to participate in Christopher Newport University’s President Leadership Program 
will become Canon Leadership Scholars, receiving scholarships and presented with opportunities to study 
aboard and participate in unique leadership programs.

In addition to its investment in the Virginia area, last year, Canon U.S.A. announced that it will be building a 
new state-of-the-art headquarters for its Americas region in New York over the next several years.  Canon 
U.S.A. began in 1955 with five employees as the New York branch of an up-and-coming camera company.  
Today, Canon is a global imaging brand leader that every American looks to for consumer and business 
innovations and technologies.  Canon has been part of the Commonwealth of Virginia for 23 years since 
Canon Virginia, Inc., was incorporated in 1985.

Canon established the industry’s first and longest-running Cartridge Return Program in 1990.  Working closely 
with Canon Virginia, Canon has been able to divert more than 150,000 tons of toner cartridges from landfills, as 
a result of this program.

Further underscoring its commitment to the environment, all Canon U.S.A. and Canon Virginia facilities have 
received ISO 14001 Certification under Canon’s Global ISO 14001 Certification Initiative.    The ISO 14001 
Standard is an internationally accepted specification for environmental management systems created by the 
International Organization for Standardization to help organizations minimize how their operations affect the 
environment and comply with related laws, regulations and requirements.

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