February 27, 2008
Conclusion of Formal Contract Between Hitachi and Canon Related to Comprehensive LCD Panel Business Alliance
TOKYO, February 27, 2008Hitachi, Ltd. (NYSE: HIT / TSE: 6501, "Hitachi") and Canon Inc. (NYSE: CAJ / TSE: 7751, "Canon") today announced the conclusion of a formal contract related to a comprehensive liquid crystal display (LCD) panel business alliance. This follows the signing of a basic agreement among Hitachi, Canon and Matsushita Electric Industrial Co., Ltd. (NYSE: MC / TSE: 6752, "Matsushita") regarding this alliance on December 25, 2007. Hitachi and Matsushita announced a formal contract on February 15 concerning the same comprehensive alliance.