Mitsubishi Electric & Electronics USA Names EVP of Strategic Planning

CYPRESS, Calif.--(BUSINESS WIRE)--March 31, 2004--Mitsubishi Electric & Electronics USA Inc. has named Kiyoshi Furukawa as executive vice president of corporate strategic planning effective April 1, 2004.

Furukawa previously was vice president of NEC-Mitsubishi Electronics Display of America Inc., a joint venture of NEC Technologies and Mitsubishi Electronics America. Furukawa has been with Mitsubishi Electric since 1980, and was director of strategic planning for Mitsubishi Electric USA's information technologies group before the 2000 NEC-Mitsubishi merger.

About Mitsubishi Electric & Electronics USA Inc.

Mitsubishi Electric & Electronics USA, markets an extensive line of consumer, commercial and industrial electronics products, including opto-electronic and microwave devices, elevators and escalators, HVAC products (including air conditioners), and other items. Additionally, the company procures materials for Mitsubishi Electric Corp. and its affiliated manufacturing facilities in many countries. For additional information, visit www.MitsubishiElectric.com.

About Mitsubishi Electric US Holdings Inc.

Mitsubishi Electric US Holdings, a wholly owned subsidiary of Mitsubishi Electric Corp., is the umbrella organization for six U.S. affiliates of Mitsubishi Electric, and provides business support to those affiliates, such as financial reporting and tax payment on a consolidated basis. Mitsubishi Electric's affiliates in North, Central and South America conduct research and development (R&D), as well as engage in engineering, manufacturing, sales and after-service in a variety of business areas. Principal businesses include high-definition projection televisions, DVD players, business-use digital printers, business-use large-scale display systems, opto-electronic and microwave devices, automotive electrical components, industrial mechatronic devices, elevators and escalators, HVAC products (including air conditioners), industrial-use factory automation devices, and infrastructure equipment (including electric power transmission and generation equipment). There is also a technical research facility that conducts R&D in a wide variety of business fields, including imaging, information and biometrics. With 30 locations and 4,000 employees, sales in North America for fiscal year 2003 are expected to total approximately $2.0 billion.