P R E S S   R E L E A S E

PANASONIC ANNOUNCES NEW SERIES OF ULTRA-PORTABLE XGA PROJECTORS

* New PT-L735NTU Delivers Advanced Wireless Capabilities *

ORLANDO, FL (June 3, 2003) -Panasonic introduced here at INFOCOMM the PT-L735NTU and PT-L735U ultra-portable, high-brightness XGA LCD projectors to provide razor-sharp video, text and graphics for demanding computer and audio/video applications.

The projectors feature three new, highly-efficient 0.9" LCD panels with a Micro Lens Array (MLA) that combines with a 200W UHM lamp to deliver an exceptional brightness of 2,600 lumens and 90 percent image uniformity. The PT-L735NTU and PT-L735U display vivid, crisp colors in true 1024 X 768 XGA, while providing advanced resizing technology to support UXGA.

The PT-L735NTU also offers user-friendly wireless network capabilities, featuring new, sophisticated Wireless Manager 3.0 software. By simply inserting a postage stamp-size SD Memory card in the PT-L735NTU, users can transmit data using the industry-leading Wireless Networking standard (IEEE.802.11b) to the SD Card for projection. Panasonic has substantially improved the capabilities of this third generation wireless projector by making it quicker and easier to set up and operate and by adding "live" mode functionality that allows wireless presentations to include animated content.

Additional benefits delivered by the PT-L735NTU by marrying wireless and SD Memory technologies include: easy switching between multiple PCs during a presentation, monitoring of the projectors' control/status and a control password lock-out function, both via the internet. The SD Memory Card also allows users to conduct PC-less presentations (for applications including in-store product demonstrations) by loading their presentation onto the SD card and using the projectors' Auto Slide Show function to run the presentation, continuously if required.

Both projectors offer a host of functions that make it ultra-easy and ultra-fast to start and power off the units. Those features include: Speed Start, which ensures that an image will appear on screen in less than 10 seconds (up to 1/6 of the time of prior Panasonic models); One-touch Auto Setup with horizontal/vertical digital keystone correction; Automatic RGB Input selection and switching; RGB Input Indicator; Automatic Input Signal Detector; and Direct Power Off, which allows a user to either move the projectors or turn off a room's power as soon as the units are powered off.

Anti-theft protection is built-in to both models with features including user password protection, control panel lock, customized startup screen, text superimposing at the bottom of the projected image, and a security lock slot that's compatible with Kensington's MicroSaver® cable.

The PT-LC735NTU and PT-LC735U offer superb audio performance and super-quiet operation. Both units are equipped with two, powerful 5-watt stereo speakers with a bass-reflex sound system, which means that everyone in the room will hear the presentation without having to connect an extra amplifier or speaker. The projectors' new cooling system permits them to operate at a whisper-quiet 28dB in low-lamp mode and 30dB in high-lamp mode. The two models also include two RGB inputs, which eliminate the need to juggle and re-connect equipment when giving consecutive presentations from two different computers. The RGB2 terminal can also serve as a loop-through monitoring terminal for the RGB1 input, which is extremely beneficial for applications in education.

The projectors are HDTV-ready and can automatically synchronize to display 1080i, 720p, 576i, 480p and 480i video in the 16:9 wide aspect ratio, and support worldwide video standards, including NTSC, PAL and SECAM. The PT-L735NTU and PT-L735U offer a powerful list of standard features, including: Auto Power Off, full compatibility with sRGB, color temperature selection, 3X digital zoom, Index Window, advance shutter for image muting, selectable 9-language on-screen menu, discrete s-video and video inputs, lamp power high/low selection, and a full-function wireless remote with mouse control and laser pointer.

The projectors' dimensions are 9-25/32" W x 4-17/32" H x 14-5/32" D and they weigh 9.3 pounds.

The PT-L735NTU and PT-L735U will be available in June at a suggested list price of $5,799 and $5,499 respectively.

Panasonic offers a high level of service and support with a three-year or 2,000-hour limited warranty (whichever comes first) on the projector, a 90-day warranty on the user-replaceable lamp module and a 24-hour "ZipIt" projector exchange program.

For more information on Panasonic's complete line of projectors, phone 1-800-528-8601 or find us on the web at www.panasonic.com/presentations.

Panasonic Broadcast & Television Systems Co. is a leading supplier of broadcast, professional video and presentation products and systems. Panasonic Broadcast is a unit company of Matsushita Electric Corporation of America, the principal North America subsidiary of Matsushita Electric Industrial Co., Ltd. (NYSE: MC), one of the world's leading developers and producers of electronic and electric products for consumer, business and industrial use.