TOKYO, August 18, 2010—Canon Inc. announced today that, at its Board of Directors meeting held on August 18, 2010, a resolution was passed to dissolve and liquidate SED Inc., a consolidated subsidiary of Canon Inc., on September 30, 2010.
SED Inc., targeting the commercialization of SED (Surface-conduction Electron-emitter Display) next-generation flat-panel displays, worked to develop a new electron source system that resulted in the successful creation of a prototype panel that achieved brightness, color and quality performance surpassing those realized by the earlier system. In recent years, however, faced with flat-panel television price declines that have been larger and more rapid than expected, Canon Inc. determined that securing appropriate profitability would prove difficult.
As a result, by the end of September this year, Canon Inc. will conclude all operations at SED Inc. With regard to SED technology, Canon Inc. plans to continue its SED panel-related research and development activities.
