Toshiba Forms New Projector Business Unit Under Its Computer Systems Group; Multimedia Group and Digital Projector Group Merge to Leverage Strengths of Both for New Business Unit

Business Wire, June 12, 2002

Business Editors & High-Tech Writers

IRVINE, Calif.--(BUSINESS WIRE)--June 12, 2002

Expanding its portfolio of solutions for corporate customers, Toshiba's Computer Systems Group (CSG) today announced that effective July 1, 2002, the Multimedia Group, formerly of Toshiba America Consumer Products Inc., and the Imaging Systems Division Digital Projector Group will merge to form one business unit under Toshiba CSG.

The new Presentation Projector Group will have headquarters in Irvine and will be responsible for sales to the professional audio/video channel, PC distributors and corporate customers.

By bringing together the resources of these teams, the merger is designed to build an industry-leading organization that will leverage the strength and experience of each group. Another benefit is the consolidation and focus of engineering resources for the development of leading networking and wireless technology for future projector offerings.

"With Toshiba CSG's strategic focus on providing wireless and innovative solutions for mobile executives, projectors are an excellent fit for our organization," said Rod Keller, executive vice president, Toshiba CSG.

"Toshiba recognizes that corporate customers need a broad range of products to enhance mobility and productivity, as well as unmatched service and support. This merger will bring world-class presentation expertise to Toshiba CSG, helping us to strengthen our market leadership position."

Toshiba has been an innovator and leader in projector technology since April 1996 when the company introduced the world's first projector for business presentations with a built-in document camera visualizer.

Today, Toshiba is the only manufacturer to offer a full-function, integrated document camera with advanced features such as high resolution 1.4 megapixel CCD, an overlay function for annotation, as well as freeze frame and digital zoom capabilities.

A leader in digital display technology, Toshiba offers the newest T-Series multimedia LCD projectors -- six high-performance, lightweight portable models that offer high-resolution 1,024 x 768 image quality, high brightness and a host of advanced performance and convenience features.

The lineup includes the new TLP-T701, TLP-T700, TLP-T501, TLP-T500 -- the first multimedia projectors to include universal wireless technology to achieve a breakthrough in multimedia projector flexibility -- along with models TLP-T401 and TLP-T400.

Customers from the former Multimedia Group and Imaging Systems Division Digital Projector Group may contact Sam Malik, director of sales and marketing for the Presentation Projector Group, Toshiba CSG at 949/583-3000 beginning July 1, 2002.

About Toshiba Computer Systems Group

Toshiba Computer Systems Group, a division of Toshiba America Information Systems Inc. (TAIS), is a leading vendor for portable computers. In addition to notebooks, the company offers portable and wireless accessories, a Pocket PC device and server computing solutions for business customers under the Toshiba brand name. For more information call 800/TOSHIBA or visit the company's Web site at www.csd.toshiba.com.

With headquarters in Irvine, TAIS is comprised of multiple divisions that provide computer, communications and imaging products and services. Products include industry-leading portable computers; PDAs; mobile computing accessories; servers, including communications and portable servers; storage subsystems; cable modems; digital business telephone systems; voice mail; digital cameras; security systems and projectors.

TAIS provides sales, marketing, services and manufacturing for its wide range of information products in the United States and Latin America. TAIS is an independent operating company owned by Toshiba America Inc., a subsidiary of Toshiba Corp., which is a world leader in high technology and integrated manufacturing of electrical and electronic components, products and systems. Toshiba has global sales of more than $40 billion and more than 300 subsidiaries and affiliates worldwide.