Conclusion of Formal Contract between Hitachi and Matsushita Related to Comprehensive LCD Panel Business Alliance

Conclusion of Formal Contract between Hitachi and Matsushita Related to Comprehensive LCD Panel Business Alliance

Hitachi, Ltd. (NYSE:HIT)(TOKYO:6501)(“Hitachi”) and Matsushita Electric Industrial Co., Ltd. (NYSE:MC)(TOKYO:6752)(“Matsushita”) today announced the conclusion of a formal contract related to a comprehensive liquid crystal display (LCD) panel business alliance. A basic agreement regarding this alliance was reached on December 25, 2007 by Hitachi, Matsushita, and Canon Inc. …

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