News Releases

TARRYTOWN, NY, August 16, 2004-- Hitachi America, Ltd., Power and Industrial Division, today introduced the world’s most advanced small character inkjet printer. Hitachi has been building small character inkjet printers since 1975. The PX Series has been designed to provide the best price-point feature to feature.

The PX Series deploys a 10.4” large Color LCD Touch Panel with full guidance on the screen providing easy and quick operation and maintenance. The PX Series’ unique and innovative ink circulation system helps reduce fluid evaporation and achieves a very low cost of operation. Nozzle and gutter are automatically cleaned before shut down, so no special procedures are required. PX Series viscosity and density control provides stable ink drop formation and keeps print quality high. IP55 with sanitary anti-bacterial stainless steel provides full protection against dust and water.

For further information contact Hitachi at inkjetprinters@hal.hitachi.com. Or visit us online at www.hitachi.us/ijp. To learn more, please visit Hitachi at PACK EXPO International November 7-11, 2004, McCormick Place, Chicago, IL.

Hitachi America, Ltd., Power & Industrial Division supplies a broad range of Industrial and Power generation products and services. The division supplies major equipment to power generation and distribution facilities, including hydroelectric, thermal and nuclear power plants. The division also supplies sophisticated industrial equipment and components for application in pharmaceutical plants, food & beverage processing, steel making, mass transit systems, chemical plants, and other manufacturing facilities.

Hitachi America, Ltd., a subsidiary of Hitachi, Ltd., markets and manufactures a broad range of electronics, computer systems and products, and consumer electronics, and provides industrial equipment and services throughout North America. For more information, visit http://www.hitachi.us.

Hitachi, Ltd., (NYSE: HIT), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 326,000 employees worldwide. Fiscal 2003 (ended March 31, 2004) consolidated sales totaled 8,632.4 billion yen ($81.4 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 Website at http://www.hitachi.com.