PRESS ROOM COMPANY HISTORY


Company History

1948 Founded Chiyoda Stationary as a wholesale stationer.
1959 Renamed PLUS Corporation.
1963 PLUS Industrial Co., Ltd. was established.
1967 Head Offices moved to present location.
1972 Established the logo of PLUS Corporation.
1980 PLUS U.S.A. Corporation was established.
1983 Founded the institute of office environment.
1985 Incorporated Taiwan PLUS Corporation.
1990 PLUS U.S.A. Corporation was reestablished as PLUS Corporation of America
2000 PLUS Corp. of America acquires Lightware, Inc., a Beaverton, Oregon based innovator of portable projectors and presentation systems.
2002 PLUS Corp. of America purchases the liquidated assets of Lightware, Inc. to form one company: PLUS Vision Corp. of America.


A Brief History of PLUS Vision Corp. of America

Headquartered in Allendale, New Jersey, and Beaverton, Oregon, PLUS Vision Corporation of America manufactures and markets both extremely sophisticated and affordable ultra-lightweight, ultra-portable digital projectors under the PLUS brand name. We also manufacture and market full featured PLUS brand electronic copyboards and real-time interactive whiteboards. Featuring an unprecedented level and range of performance options, PLUS communication and information products are designed to provide a high degree of value to today's mobile professionals, including corporate presenters, medical and legal professionals, educators, trainers, military/government professionals, and technical consultants.

Parent company PLUS Corporation is a 50-year-old company with consolidated revenue of $1.5 billion from its presentation, office and communications products. In 1998, PLUS created the Presentation and Communications Division to handle R&D and marketing for its electro-optical product line. That was also the year that PLUS began selling its first projector based on DLPT technology, the UP-800, the world's first sub-10-pound projector, combining the Digital Light Processing technology developed by Texas Instruments with PLUS Corp.'s unique optical technologies.

At about that same time, the projector market began its rapid growth, fueled by increasing demand for smaller, lighter, better-performing presentation products for conference rooms, mobile presentations, schools and other applications. PLUS leads in the advancement of this trend with the development of a series of groundbreaking projectors that were progressively smaller and lighter, yet able to deliver higher brightness levels. What's more, these new size, weight, and brightness levels were achieved without sacrificing any of the performance features customers have come to rely upon.

Following up the breakthrough UP-800 was the UP-1100, at the time the world's lightest XGA projector to feature DLP technology. In 1999, PLUS again broke the weight barrier with the U2 series projectors. At six pounds each, they once again gave PLUS the lightweight crown. That record was quickly broken, however, when the following year PLUS introduced the three-pound U3 Series projectors. In 2002 the company remained true to its reputation, introducing the V-Series, the world's first two-pound Digital Light ProcessingT technology-enabled projectors, and the world's smallest and lightest home theater projector, the Piano HE-3100. Throughout this time, PLUS projectors received a series of design awards, including Germany's IF Design Award, Japan's Good Design Award three years in a row, and most recently, the 2002 International Consumer Electronics Show Innovations Award.

Mr. S. Mark Hand, who has served as President of Lightware since the company was acquired by PLUS in December 2000, became PLUS Vision Corp. of America's Vice President of Sales & Marketing, Business Products Group. He will continue to be based in Beaverton, Oregon, where Lightware was founded in 1995 to deliver affordable, portable projection technology for large and small businesses, mobile professionals, as well as the education and government markets. The Oregon office will now serve as the headquarters for PLUS' Business Products Group.

In May 2001, to further strengthen the company's position in the rapidly expanding projector market, the PLUS Presentation and Communication Division was established as an independent company, PLUS Vision Corp. As of January 2002, the American components of PLUS and PLUS Corporation of America merge as well as purchase the liquidated assets of Lightware, Inc. to form PLUS Vision Corp. of America.

According to PLUS Vision Corp. of America President & Chief Executive Officer Tom Oishi: "The integration of PLUS Corporation of America and Lightware into one North American sales, marketing and support unit will allow us to more efficiently market our presentation products. This will result in greater levels of performance value and support for our growing and expanding North and South American customer base."



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