Canon U.S.A. Announces Canon Solutions America, a Wholly Owned Subsidiary Integrating Canon Business

12/04/2012
Company also Announces Launch of Canon Business Process Services, and Integration of other Oc� Entities into Canon Americas Companies, Effective January 1, 2013

LAKE SUCCESS, N.Y., Dec 4, 2012 - Canon U.S.A., Inc., a leader in digital imaging solutions, today announced the launch of Canon Solutions America, Inc., a wholly owned subsidiary of Canon U.S.A., effective January 1, 2013. Integrating the business operations of Canon Business Solutions, Inc., Océ North America, Inc., and Océ Imagistics, Inc., this new name is reflective of the integration of Océ, first announced in 2010. Canon Solutions America will provide sales and support for Canon and Océ hardware, software and services targeting general office, production print and large format markets in the United States.

Joe Adachi, president and CEO of Canon U.S.A., will serve as chairman and CEO of Canon Solutions America.

"I am very pleased that the integration of the Canon and Océ businesses is nearly complete," said Mr. Adachi. "We have worked very hard these past three years to make sure our goal of creating the overall leading presence in the imaging industry will be realized. Canon Solutions America and the other companies formed by the integration will be better positioned to meet the growing demands of customers locally, regionally and nationally by capitalizing on the strengths of each company and maintaining the superior service levels that customers require."

The headquarters for Canon Solutions America will be located on Long Island, N.Y., with offices located throughout the United States, including existing key Océ wide format printing systems and production printing systems locations in Chicago, Ill. and Boca Raton, Fla.

As part of the Company's overall integration efforts, Canon U.S.A. also announced that Océ Business Services, Inc., a provider of digital document management technology, outsourcing and business process consulting services, will change its name to Canon Business Process Services, Inc. on January 1, 2013. Canon Business Process Services, Inc., headquartered in New York, will be headed by Joe Marciano, currently the president and CEO of Océ Business Services. Canon Business Process Services' new name is a reflection of the changing nature of the office technology market and the increasing importance being placed on effective design and management of critical business processes and related workflow.

Additionally, Océ Financial Services, Inc. will merge into Canon Financial Services, Inc. on January 1, 2013, further expanding Canon's ability to support the leasing and financing needs of customers. Kris Tedo, senior vice president and chief financial officer of Canon U.S.A., will also serve as president of Canon Financial Services.

Also effective January 1, 2013, Océ Canada will become a subsidiary of Canon Canada, Océ Mexico will become a subsidiary of Canon Mexicana and Océ Brazil will become a subsidiary of Canon do Brasil.

About Océ
Océ is one of the leading providers of document management and printing for professionals. The Océ offering includes office printing and copying systems, high speed digital production printers and wide format printing systems for both technical documentation and color display graphics. Océ is also a foremost supplier of document management outsourcing. Many of the Fortune Global 500 companies and leading commercial printers are Océ customers. The company was founded in 1877. With headquarters in Venlo, The Netherlands, Océ is active in over 100 countries and employs more than 20,000 people worldwide. Océ North America is headquartered in Trumbull, CT, with additional business units in Chicago, IL and Boca Raton, FL. For more information visit www.oce.com.

Océ and Canon: Stronger together
In 2010 Océ joined the Canon Group of companies with headquarters in Tokyo, Japan, to create the global leader in the printing industry. Canon develops, manufactures and markets a growing line-up of copying machines, printers, cameras, optical and other products that meet a diverse range of customer needs. The Canon Group comprises over 198,000 employees worldwide. Global net sales in 2011 totalled USD 45.6 billion. Visit the Canon Inc. website at www.canon.com.

About Canon U.S.A., Inc.
Canon U.S.A., Inc., is a leading provider of consumer, business-to-business, and industrial digital imaging solutions. With approximately $45.6 billion in global revenue, its parent company, Canon Inc. (NYSE:CAJ), ranks third overall in U.S. patents registered in 2011 and is one of Fortune Magazine's World's Most Admired Companies in 2012. In 2012, for the ninth consecutive year, Canon U.S.A. has received the PCMag.com Readers' Choice Award for Service and Reliability. Committed to the highest level of customer satisfaction and loyalty, Canon U.S.A. provides 100 percent U.S.-based consumer service and support for all of the products it distributes. Canon U.S.A. is dedicated to its Kyosei philosophy of social and environmental responsibility. 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/rss.