Canon U.S.A. Acquires San Francisco-Based Newcal Industries

Asset Acquisition Enhances Canon U.S.A.’s Capabilities in Delivering Canon Solutions to Businesses in the Bay Area

LAKE SUCCESS, N.Y. – Expanding its support for business in the San Francisco Bay area, Canon U.S.A., Inc., today announced the acquisition of the NEWCAL Industries business.

The San Francisco-based NEWCAL Industries is an independent value-added reseller of document and print solutions, including document imaging hardware and software, printer fleet and facilities management services. Founded in 1991 by Steve Tarpley and Ken Wilkens, NEWCAL is a leading independent provider of technology solutions to businesses in the Bay Area.

In 2008, the company was honored with the San Francisco Business Times’ “Recognized for Excellence” Award, and was part of the publication’s Top 100 privately held Bay Area Companies. NEWCAL, which is committed to environmental sustainability through several eco-friendly practices that the company has initiated, was also recognized by Canon as the manufacturer’s number-one service organization in the Western Region in 2007.

“NEWCAL has a tremendous reputation for delivering top notch products, solutions and support to companies in the Bay area, and its corporate and business goals and philosophies are in line with Canon’s corporate philosophy and commitment to our customers,” said Joe Adachi, president and chief executive officer, Canon U.S.A., Inc. “This acquisition is consistent with our strategy of aggressively expanding our market presence and coverage, and continuing to be an imaging leader for years to come.”

“We are thrilled to continue to offer our customers Canon products, considered by most to be among the best in the industry, and are pleased to be part of the Canon family,” said Steve Tarpley, president of NEWCAL.

Ken Wilkens, chief financial officer, NEWCAL, added, “Our customers will continue to receive the outstanding service they have come to expect from NEWCAL.”

According to Jason Montgomery, vice president, Strategic Development, NEWCAL, who directed the acquisition for NEWCAL, and states, “NEWCAL is now positioned for continued growth in the Northern California marketplace with a wide solutions portfolio and a serve-centric reputation.”

About Canon U.S.A., Inc.
Canon U.S.A., Inc. delivers consumer, business-to-business, and industrial imaging solutions. Its parent company, Canon Inc. (NYSE:CAJ), a top patent holder of technology, ranked third overall in the U.S. in 2007†, with global revenues of $39.3 billion, is listed as one of Fortune’s Most Admired Companies in America and is on the 2007 BusinessWeek list of “Top 100 Brands.” To keep apprised of the latest news from Canon U.S.A., sign up for the Company’s RSS news feed by visiting www.usa.canon.com/pressroom.