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CANON MEDICAL SYSTEMS RECEIVES 2005 CUSTOMER VALUE ENHANCEMENT AWARD FOR MEDICAL IMAGING FROM FROST & SULLIVAN

Canon Honored for Bringing Innovative, Portable, Low Cost Digital Radiography to the Marketplace


LAKE SUCCESS, N.Y, July 20, 2005 - - Recognized as the leader in successfully bringing innovative, portable, low-cost digital radiography to the market, Canon U.S.A., Inc., today was presented with Frost & Sullivan’s 2005 Customer Value Enhancement (CVE) Award in Medical Imaging.

Frost & Sullivan’s CVE Award is presented each year to the company that has best demonstrated the ability to expand its customer base, while maintaining its existing install base, with more innovative value creation and enhancement strategies than competing vendors. Canon delivered the industry’s first portable DR system – the Canon CXDI-31 – in 2001. Canon’s second generation portable DR system – the Canon CXDI-50G – is currently used in more than 150 medical institutions and facilities nationwide to provide rapid digital X-ray images.

“Since entering the market, Canon has been leading the charge in advancing DR innovation for the overall benefit of the medical community, and ultimately, its patients,” said Tsuneo Imai, director and general manager, Medical Systems Division, Canon U.S.A., Inc. “This award shows that leading industry observers see Canon at the forefront of pioneering new innovations and solutions for the medical imaging market.”

According to Monali Patel, Director, Healthcare Research for Frost & Sullivan, “We are honoring Canon with this award in recognition of its contribution to improved operational efficiencies and expanded adoption of DR technology throughout hospital and clinical environments. We feel that Canon has successfully created opportunities with its innovation in the portable radiography market that provides its customers with a higher quality of images and usability through its easily adaptable solutions.”

Canon CXDI-31 and Canon CXDI-50G: Award-Winning Portable DR Solutions
The Canon CXDI-31 and Canon CXDI-50G portable DR systems were designed to leverage DR technology in settings where conventional radiography and CR systems could only be used.

The Canon CXDI-31 is a unique offering that is designed specifically for imaging neonatal extremities and veterinarian applications, while the Canon CXDI-50G DR system is large enough for chest and abdominal X-rays, and can be combined with a mobile X-ray unit to bring digital radiography directly to the patient’s bedside.

For more information about Canon’s entire line of DR systems, including the Canon CXDI-31 and Canon CXDI-50G, please visit www.usa.canon.com.

About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit www.frost.com.

About Canon U.S.A., Inc.
Canon U.S.A., Inc. delivers consumer, business-to-business, and industrial imaging solutions. The Company is listed as one of Fortune's Most Admired Companies in America and is rated #35 on the BusinessWeek list of "Top 100 Brands." Its parent company Canon Inc. (NYSE:CAJ) is a top patent holder of technology, ranking third overall in the U.S. in 2004, with global revenues of $33.3 billion. For more information, visit www.usa.canon.com.

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