Press Release: Hitachi and The Hitachi Foundation Announce Support to Aid Victims of Hurricane Katrina and Affected Areas


Sept. 6, 2005--Hitachi, Ltd. (NYSE:HIT) (TOKYO:6501) and The Hitachi Foundation, today pledged a total of US$1 million in support to aid victims of Hurricane Katrina and assist restoration efforts in affected areas. "The devastation along the gulf coast of the United States is yet another stark reminder that we are part of a global community. We at Hitachi respond in times of need," said Hiroaki Nakanishi, Chief Executive for North America of Hitachi, Ltd., a Japanese-based global corporation with major operations throughout North America. "Hitachi's commitment is evident in times of crisis, and we are also there when the cameras and headlines turn to other matters," added Barbara Dyer, president & CEO of The Hitachi Foundation, established by Hitachi, Ltd. in 1985 as an independent nonprofit organization. In addition to the support pledged by the Hitachi corporate office and the Foundation, employees at Hitachi Group companies are also raising funds for this cause.

About Hitachi, Ltd.
Hitachi, Ltd., (NYSE:HIT) (TOKYO:6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 347,000 employees worldwide. Fiscal 2004 (ended March 31, 2005) consolidated sales totaled 9,027.0 billion yen ($84.4 billion). The company offers a wide range of systems, products and services in market sectors including information systems, electronic devices, power and industrial systems, consumer products, materials and financial services. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.
About The Hitachi Foundation
The Hitachi Foundation was established in 1985 with an endowment from Hitachi, Ltd. Governed by an independent Board of Directors made up of U.S. experts active in various fields, The Hitachi Foundation addresses issues of economic isolation in the United States through its three programs: the Business and Communities Grants Program, the Hitachi Community Action Partnership and the Yoshiyama Award for Exemplary Service to the Community.

Posted: Tue - September 6, 2005 at 09:23 AM          

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