Canon announces Nikon takeover!

Press Release

TOKYO, April 1st 2010 – Canon Inc. today announced the takeover of Nikon Corporation after several months of clandestine negotiations. It was revealed that as part of the merger, Canon plans to retain Nikon’s line-up of cameras but rebadge them as Cankon. This is part of Canon’s long term strategic plan to introduce a new range of cameras that would double as fax machines. It was also revealed that the top of the range D3x would also be upgraded with coffee making functionality.

Canon, through continued technological innovation with the EOS series, and by strengthening its marketing activities to deliver enhanced product quality and services, will continue its efforts to deliver all-around user satisfaction with an even more attractive lineup of products, contributing to new directions in the future of photographic expression.

This is a copy of a release issued in Japanese by Canon Inc. in Tokyo on April 1, 2010.

About Canon U.S.A., Inc.

Canon U.S.A., Inc. delivers consumer, business-to-business, and industrial imaging solutions. Its parent company, Canon Inc. (NYSE:CAJ), a top patent holder of technology, ranking third overall in the U.S. in 2006†, with global revenues of $34.9 billion, is listed as one of Fortune’s Most Admired Companies in America and is on the 2007 BusinessWeek list of "Top 100 Brands." 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/pressroom.