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Olympus Commemorates 10-Year Anniversary in Center Valley, Pa.

Company attributes growth and success to dedicated employees and community support

CENTER VALLEY, Pa., (July 20, 2016) Olympus, a precision technology leader in designing and delivering innovative solutions for medical and surgical procedures, among other core businesses, announced today the 10-year anniversary of its North and South American Headquarters in Center Valley, Pa., located within the Lehigh Valley. The Company began a new era and relocated its headquarters from Melville, N.Y. to Center Valley, Pa. in July 2006 to take advantage of the area's benefits such as the cost of conducting business; logistics and distribution advantages; recruitment needs; and quality of life for its employees.

Over the past decade, Olympus Corporation of the Americas (OCA) has changed and grown significantly. Originally known for its long history in developing and marketing cameras, the Company is now recognized for its diverse offerings and businesses; including its vital medical business which accounts for more than 75% of the Company's annual global revenue. Since the relocation, OCA has grown its respective annual revenue and has increased its contribution to the global revenue from approximately 23% in 2006 to 36% in 2016.

Also, OCA has expanded its employee base since establishing itself in the Lehigh Valley. Employing close to 600 people in 2006, it now employs nearly 1,000 people between its main office in Center Valley and its distribution center in Breinigsville, Pa., which has become the largest distribution center for shipping Olympus medical products throughout North and South America.

Most notable may be the mutually rewarding partnerships and relationships that have developed over the years with local vendors, organizations, and the community. OCA currently relies on the expertise of more than 270 vendors in the area, partners with various organizations on common goals and commits to giving back to community through charitable donations and volunteerism. The Company proudly offers all employees the opportunity to dedicate 16 hours of work time to volunteering; and this year, to help commemorate its 10-year anniversary, has launched a "Celebrate and Serve" initiative that challenges employees to dedicate 2,016 volunteer hours to local non-profits by the end of September.

"Olympus' success and growth over the last 10 years in the Lehigh Valley is attributed to the dedication and engagement of employees, as well as the significant support of our partners and the community," said Nacho Abia, President and CEO, OCA. "We are grateful to be a part of this community and thankful for the opportunities it has afforded us to prosper. We look forward to further enhancing our relationships, developing new partnerships and contributing our talents and resources to a community we are very proud to call home."

Olympus Corporation, the parent company of OCA, will celebrate its long history of innovation and service to humanity with its upcoming 100-year anniversary in 2019.

About Olympus Corporation of the Americas

Olympus is a global precision technology leader, designing and delivering innovative solutions in its core business areas of Medical and Surgical Products, Scientific Solutions, and Cameras and Audio Products. Through this technology, Olympus contributes to society every day by making people's lives healthier, safer and more fulfilling.

Olympus Corporation of the Americas – a wholly owned subsidiary of Olympus Corporation in Tokyo, Japan – is headquartered in Center Valley, Pa., employs more than 5,000 people, and manages the Company's operations and business activities throughout North and South America. For more information, visit Olympus at www.olympusamerica.com.


Media Contact

Stephanie Fabrizio, Olympus, 484-896-5648, stephanie.fabrizio@olympus.com