Pioneer Announces That It Will Continue to Offer a Free Power Supply Replacement for Certain Consumer Plasma Displays

Business Wire, Nov 19, 2004

LONG BEACH, Calif. -- Pioneer Electronics (USA) Inc. announces that it will continue to provide a free, in-home power supply replacement for certain of its second and third generation plasma models listed below for consumers who experience a problem with the original power supply. In some cases, a loud popping sound can be heard when a power supply fails. After the power supply fails, the plasma is no longer operable. At this time fewer than one percent of consumers who have purchased these models have experienced any problem with the original power supply. In addition, this reported issue does not pose any health or safety risk. Pioneer will continue to provide the free power supply replacement to support its ongoing commitment to customer satisfaction.

The affected models of consumer plasmas are listed below. Anyone who owns or uses one of these models may contact Pioneer through its toll free hotline at 800-421-1404 to arrange for the free, in-home upgrade. If a consumer model is not listed below, no power supply replacement is needed and no further action needs to be taken. If consumers are not sure if their plasma is affected, they should call the toll free hotline for confirmation.

Consumer Plasma Models (13 listed):

PDP-505HD             PDP-4330HD
PDP-503PU             PDP-4300
PDP-5030HD            PDP-4304
PDP-5031HD            PDP-4310
PRO-1000HD            PRO-800HD
PRO-1000HDI           PRO-800HDI
PDP-433PU

More information is available at Pioneer's main website at www.pioneerelectronics.com. Anyone with questions should call Pioneer's toll free hotline at 800-421-1404.

Pioneer Corporation is a preeminent manufacturer of high-performance audio, video and computer equipment for the home, car and business markets. The company focuses on four core business domains including DVD, display technologies, Digital Network Entertainment(TM) and components. Founded in 1938 in Tokyo, Pioneer Corporation employs more than 36,000 people worldwide. Its shares are traded on the New York Stock Exchange (NYSE:PIO). The headquarters of Pioneer Electronics (USA) Inc. is located in Long Beach, Calif., and its Web address is www.pioneerelectronics.com.