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P R E S S   R E L E A S E

Hitachi Announces New Full-Featured Ultraportable LCD Projector

CP-X385W Provides Mobile Solution to Meet a Diverse Range of Presentation Needs

BRISBANE, Calif.,February 4, 2003 - Hitachi America, Ltd., a subsidiary of Hitachi, Ltd., Tokyo, Japan (NYSE: HIT), today announced the availability of the CP-X385W, the newest addition to its ultra-portable projector product line. The CP-X385W features native XGA resolution for exceptional image quality and impressive brightness and connectivity. These features make the CP-X385W an ideal option for businesses looking for a feature rich projector that is easy to install and use.

"The debut of the CP-X385W is the result of Hitachi's commitment to offering its customers with well-rounded and feature-rich projector options," said Pete Denes, director of sales for Hitachi America, Ltd., Digital Media Division. "Today, projectors are being used for a very diverse range of applications and it is necessary to provide users with a unit that can meet each one of those needs. The CP-X385W does all of this at a very competitive price point."

Vibrant Images
The CP-X385W combines native XGA resolution with a contrast ratio of 350:1 and a brightness of 2,200 lumens. Coupled with its weight of just over seven pounds, the ultra-portable CP-X385W provides presenters with vibrant and crisp image quality, contained in a lightweight and easily portable footprint.

Full Featured and Flexible
In addition to its impressive image quality and brightness, the CP-X385W possesses many other features that allow the unit to be used for multiple applications. The CP-X385W's vertical and horizontal keystone correction function enable the unit to be used in classroom or conference room settings, allowing the presenter to work around seating arrangements where the path of the projected image can be obstructed. Furthermore, the unit's flexibility is enhanced by its multiple connectivity options, which include two RGB and three Video inputs along with one RGB output.

Additional Features
The CP-X385W offers additional features such as digital zoom and image freeze functions, HDTV compatibility and a wireless remote. The projectors also include a user programmable start-up screen along with a Whisper Mode function, now standard on all new Hitachi projectors, which allow users to reduce noise levels.

The CP-X385W is priced at $7,995 and is now available through Hitachi's network of nationwide resellers. For more information, or to locate a dealer near you, please visit www.hitachi.com/mmpp, www.hitachi.com or call 1-800-225-1741.

Key Features and Specifications
Brightness - 2,200 ANSI Lumens
Contrast Ratio - 350:1
Network Connectivity Option
Wireless Remote Control
True XGA Resolution (1,024 x 768)
7.2 pounds
Quiet Operation - 40 decibels (34 decibels in Whisper Mode)
Vertical and Horizontal Digital Keystone Correction
Versatile and Easy to Connect
Exceptional connectivity - Two RGB inputs, one RGB output, Component, Composite, S-Video inputs
Digital Zoom and Freeze Function
Built-in Speaker - (1W x 2 stereo)
User Programmable Start-Up
Warranty - 3 years parts and labor, 90 days for the lamp