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PANASONIC ANNOUNCES FORMATION OF PANASONIC HEALTHCARE COMPANY OF NORTH AMERICA

April 3, 2012

Secaucus, NJ (April 3, 2012) – Panasonic Corporation of North America today announced the formation of Panasonic Healthcare Company of North America.  The newly formed company will consolidate the business operations of the former Panasonic Healthcare Group and the former Sanyo Biomedical Solutions Division.  Based in Secaucus, NJ the company will also have operations in Wood Dale, Illinois and Houston, Texas and will be led by Yoshi Yuasa.

Panasonic Healthcare Company of North America is committed to providing innovative technological solutions for healthcare and life sciences needs. Focused business efforts will include the Panasonic digital hearing instruments and CardioHealth® Station of the former Panasonic Healthcare Group, pharmacy automation technology and biomedical and other life science support products of Sanyo Biomedical Solutions Division.  The new company will support Panasonic Corporation’s goal to be the No. 1 green innovation company in the electronics industry by 2018 by emphasizing energy savings and improved efficiency of healthcare operations through the use of Panasonic life science and healthcare-related products.

Mr. Yuasa, who was concurrently Senior Vice President of Panasonic Corporation of North America’s Corporate Planning & Strategic Initiatives Department, head of Panasonic Healthcare Group and Vice President, Corporate Planning, Panasonic Canada Inc., will now lead Panasonic Healthcare Company of North America as President. 
“We have formed Panasonic Healthcare Company of North America with the aim of anticipating society’s changing demands in the healthcare market,” said Joe Taylor, Chairman and CEO, Panasonic Corporation of North America.  “As a leader in the technology field, Panasonic has much to offer the medical devices and life sciences research communities and we believe that we can make a significant contribution in helping to meet the evolving needs of the medical field with advanced products that improve patient care and medical processes.” 

About Panasonic Corporation of North America
Based in Secaucus, NJ, Panasonic Corporation of North America provides a broad line of digital and other electronics products and services for consumer, business and industrial use. The company is the principal North American subsidiary of Osaka, Japan-based Panasonic Corporation (NYSE: PC), and the hub of Panasonic’s U.S. branding, marketing, sales, service and R&D operations.  Panasonic was the only Consumer Electronics brand to be listed in the top ten brands on the Interbrand Best Global Green Brands 2011 ranking (http://www.interbrand.com/en/best-global-brands/Best-Global-Green-Brands/2011-Report/BestGlobalGreenBrandsTable-2011.aspx).  As part of its continuing efforts to reduce its carbon footprint, Panasonic Corporation of North America will relocate its operations to a new eco-efficient office tower adjacent to a mass transit hub in Newark, NJ in 2013.  Information about Panasonic Eco Ideas initiatives is available at http://panasonic.net/eco/ecoideas/.  Information about Panasonic and its products is available at www.panasonic.com. Additional company information for journalists is also available at www.panasonic.com/pressroom.

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Editorial Contacts:                                                                                                                   
Jim Reilly (Panasonic)   201-392-6067 jim.reilly@us.panasonic.com
Lori Chiazzo (Panasonic)  201-392-4178 lori.chiazzo@us.panasonic.com



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