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Olympus Appoints Vice President, Corporate Planning and Strategy

CENTER VALLEY, Pa. (July 11, 2006) - Olympus, a precision technology leader, designing and delivering imaging solutions in healthcare, life science and photography, has appointed Mark Van De Voorde as Vice President of Corporate Planning and Strategy. In this newly created role, Mr. Van De Voorde's responsibilities will focus on helping Olympus companies in the Americas with strategic planning as well as evaluation of potential licensing and acquisition opportunities. These initiatives will complement and expand Olympus' already robust product and service offerings.

"We are actively looking for ways to continue to meet our customers' needs," said F. Mark Gumz, president and chief operating officer, Olympus America Inc. "This approach builds on Olympus' own strength in global research and development and manufacturing, and allows us to adapt quickly to the dynamic U.S. marketplace.

"Mark Van De Voorde's rich experience as an investment banker will enable him to assist on special projects at both the corporate and business-unit level, as well as to help identify, structure and pursue cross-departmental and cross-business unit opportunities to service our customers and grow our business," added Gumz. "In this new era at Olympus, the addition of this expertise to our corporate resources should be a valuable asset as we pursue a higher level of business operations and identify new growth drivers."

"I am excited to join Olympus because of its stellar reputation for precision technology and its customer-centric focus," said Van De Voorde. "While our efforts will benefit Olympus customers worldwide, we will focus on the U.S. market initially, because of the explosion here in medical device, biotech and biopharma companies and in the development of so many new diagnostic and therapeutic procedures."

ABOUT OLYMPUS

Olympus is a precision technology leader, designing and delivering imaging solutions in healthcare, life science and photography.

Olympus works collaboratively with its customers and its parent company, Tokyo-based Olympus Corporation, to leverage R&D investment in precision technology and manufacturing processes across diverse business lines.

These include:

  • Gastrointestinal endoscopes, accessories, and minimally invasive surgical products;
  • Advanced clinical and research microscopes;
  • Lab automation systems, chemistry-immuno and blood bank analyzers and reagents;
  • Digital and film cameras and digital voice recorders.
In the U.S. and Canada, Olympus America serves healthcare and commercial laboratory markets with integrated product solutions and financial, educational and consulting services that help customers efficiently, reliably, safely, and easily achieve superior results. Olympus is the leader in gastrointestinal endoscopy and clinical and educational microscopes. The company's consumer products business spans North and South America. For more information, visit www.olympusamerica.com.