Canon U.S.A. Introduces FAXPHONE L80 for Clear, Fast Laser Facsimile Solution; Printed Faxes and Documents Share Canon-Quality Laser Output, Speed and Reliability.

Business Editors/High-Tech Writers

LAKE SUCCESS, N.Y.--(BUSINESS WIRE)--March 23, 2004

Canon U.S.A., Inc., a subsidiary of Canon Inc. (NYSE: CAJ) and the nation's market share brand leader in black-and-white and color laser copier/printer solutions*, announced the new FAXPHONE(R) L80 Laser Fax/Printer. Representing the latest addition to Canon's laser facsimile technology line, the FAXPHONE L80 offers Super fine fax resolutions at modem speeds up to approximately three seconds per page, and is currently available through national retailers at an estimated street price of $229.

"Facsimile transmissions continue to be a critical component in the day-to-day workflow of small business environments," said Yusuke Mizoguchi, assistant director for Canon U.S.A.'s MFP Division. "Fax technology is familiar, reliable and fast - with a truly small financial investment for our customers. Our new FAXPHONE L80 combines the high quality image printing and speed that one expects from a Canon product, while also offering multiple features and functionality at a very competitive price."

Designed to accommodate small work spaces and featuring the power to both fax and print from the desktop, Canon's new laser FAXPHONE L80 fax provides the performance of a laser facsimile and a printer, combined with the added convenience of a telephone handset. Offering state-of-the-art fax capabilities, such as a 30-sheet Automatic Document Feeder, Super G3** facsimile technology and a six page-per-minute (ppm) laser printer, the FAXPHONE L80 also boasts clean, clear images, using Canon's exclusive UHQ VI Image Processing Technology to transmit images with 64 shades of gray for outstanding text and photo image quality.

Featuring USB interface with Windows 98/Me/2000/XP OS support and bundled with Canon's printer driver for Windows software, the FAXPHONE L80 - weighing in at approximately 22 lbs. - offers a powerful, compact fax and printer solution to consumers. The FAXPHONE L80 also meets the ENERGY STAR guidelines set by the U.S. Environmental Protection Agency (EPA).

Providing business-class functionality in a space-saving desktop configuration, the new FAXPHONE L80 features 5.5MB memory. The new FAXPHONE L80 can store up to 350 pages*** for out-of-paper reception or fax broadcasting up to 114 separate locations. A 30-page Auto Document Feeder, 100-sheet standard paper capacity, 15 speed dials and standard 100 station auto dialing, combine with Canon's high yield consumables to handle demanding day-to-day applications. Delivering high speed laser reliability and performance at low operating costs, Canon's new FAXPHONE L80 also provides directory search so that users may look up and dial numbers using easy-to-view speed dial, coded dials and registered group displays.

About Canon U.S.A.

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 ranked #39 on the Business Week list of "Top 100 Brands." Its parent company Canon Inc. (NYSE:CAJ) is a top patent-holder of technology, ranking second overall in the U.S. in 2003, with global revenues of $29.9 billion. For more information, visit www.usa.canon.com.

* Source - Gartner Dataquest - "Printer Quarterly Statistics United States - Database," Camille Iorns February 2004.

**Super G3 capability (33.6 modem speed) available when transmitting to another v.34 fax machine, and currently available only with DSL. The Public Switched Telephone Network (PSTN) currently supports modem speeds of 28.8 kbps or lower, depending on telephone line conditions.

***Based on ITU-T #1 Chart (Standard Mode).