CANON AND CHRISTOPHER NEWPORT UNIVERSITY INTRODUCE THE INAUGURAL CLASS OF CANON LEADERSHIP SCHOLARS

This inaugural class of Canon Scholars has an average high-school grade-point of 4.1 and SAT score of 1336. In addition, these students have also demonstrated excellence and exceptional potential in the areas of leadership, service and citizenship. Demonstrating their commitment to higher education and the development of the business leaders of tomorrow, Canon U.S.A., Canon Virginia and CNU announced the formation of the Canon Leadership Scholars Program in October 2007.

“Leaders are those who step out from the crowd, make a difference and help shape our future,” said Joe Adachi, president and chief executive officer, Canon U.S.A., Inc. “Our hope and dream is that the Christopher Newport University - Canon Leadership Scholars program will educate, develop and challenge tomorrow's leaders to make a positive impact on the world and their local communities.”

“Our inaugural class of Canon Leadership Scholars comes from throughout Virginia and across the U.S., representing a new generation who will assume future leadership positions in our corporations, our government and our communities,” said Takayoshi Hanagata, president and chief executive officer, Canon Virginia. “We are proud to give back to our community in a meaningful way that acknowledges the outstanding progress made by Christopher Newport University , and encourages the development of our future leaders.”

Each Canon Leadership Scholar receives a $5,000 merit scholarship for four years, for a total of $20,000. Through leadership studies, prominent guest speakers, study abroad opportunities, an outdoor leadership program, internships and a public service requirement of at least 100 hours, Canon U.S.A., CVI and CNU will give the students the tools and experiences to become high-caliber leaders.

“Working together, our purpose is to ready these students to become knowledgeable and effective leaders in America and the world,” noted CNU President Paul Trible. “We look forward to sharing the Canon Scholars' experiences and accomplishments with their very generous sponsors.”

About Canon U.S.A. , Inc.

Canon U.S.A., Inc. delivers consumer, business-to-business, and industrial imaging solutions. Its parent company, Canon Inc. (NYSE: CAJ ), a top patent holder of technology, ranked third overall in the U.S. in 2007†, with global revenues of $39.3 billion, is listed as one of Fortune's Most Admired Companies in America and is on the 2007 BusinessWeek list of "Top 100 Brands." To keep apprised of the latest news from Canon U.S.A., sign up for the Company's RSS news feed by visiting www.usa.canon.com/pressroom.

About Canon Virginia, Inc.

Located in Newport News, Virginia, Canon Virginia, Inc. (CVI), serves as the lead manufacturing support center for Canon U.S.A. CVI uses world-renowned production systems and extensive technical and manufacturing expertise to offer manufacturing solutions, including injection mold tools, metal and plastic parts, product manufacturing and reverse manufacturing. From concept to completion, from innovation to delivery, CVI ensures the reliability of world-class quality and efficiency representative of the Canon name. For more information, call (757) 881-6300 or visit www.cvi.canon.com.

† IFI Patent Intelligence Press Release, January 2008

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Christopher Newport University is a four-year public university in Newport News, Virginia. CNU enrolls 4,800 students in programs through its College of Liberal Arts and Sciences and the Joseph W. Luter III College of Business and Leadership and offers great teaching, small classes and an emphasis on leadership, civic engagement and honor.
Visit us at www.cnu.edu.

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