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Panasonic Marks 50th Anniversary In U.S.

9/21/2009 03:23:59 PM Eastern

Secaucus, N.J. - Panasonic Corp. of North America celebrated its
50th anniversary in the U.S. last week.

The milestone was marked with a series of employee events at its
national headquarters in New Jersey, and in its sales offices, R&D labs,
factories, service and call centers, warehouses and other business locations
around the country, the company said.

PansonicPanasonic was honored with an official proclamation from New
Jersey Governor Jon Corzine. Special company events included the raising of a
commemorative flag over each Panasonic facility, the planting of a tree, and a
focus on community service activities and the company's long-standing
commitment to protecting the environment, the company said.

Panasonic's first U.S. employee, Ray Gates - who later became
president of Panasonic Company - and Richard Kraft, Panasonic Corp. of North
America's first U.S. president, addressed employees at ceremonies here.

Panasonic Corp. of North America was founded in 1959 in New York
City and in 1976 moved to Secaucus, N.J. - where the company's corporate
headquarters campus is now located. Today, Panasonic has more than 5,000
employees in the U.S., with primary facilities in Secaucus, N.J. Panasonic also
employs about 6,500 in Canada and Mexico.

"The occasion of our 50th anniversary in the U.S. is a time to
look both ahead to a promising future, but also a time to reflect on our past
and how we reached this milestone," said Yoshi Yamada, CEO and chairman,
Panasonic Corp. of North America.

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