WTXF, FOX OWNED STATION IN PHILADELPHIA, CONVERTS TO TAPELESS NEWS OPERATIONS WITH PANASONIC P2

LAS VEGAS, NV (April 17, 2005) -- Panasonic Broadcast announced today at NAB 2005 that WTXF, the Fox owned-and-operated station in Philadelphia, PA., has made an extensive investment in DVCPRO P2 solid-state memory recording products to upgrade to tapeless news acquisition. The station’s purchase includes 16 AJ-SPX800 P2 cameras, 24 AJ-PCS060 P2 store drives and two AG-HVX200 DVCPRO HD P2 hand-held camcorders. WTFX produces 27 hours of local news weekly, including a four-hour live newscast each weekday morning. Panasonic’s AJ-SPX800 is a high-performance, 16:9/4:3 switchable, 2/3” 3-CCD DVCPR0 P2 camcorder with the ability to record in 24fps and 30fps progressive and 60 fields interlace in 25Mbps DVCPRO and 50Mbps DVCPRO50 format on a P2 card. The AJ-PCS060 is a portable 2.5” 60GB hard disk drive that can hold the contents of up to 15 4GB P2 cards, and the entire contents of a 4GB P2 card can be transferred to the internal hard disk drive in about four minutes. The AG-HVX200 is the world’s first 1080i/720p/480i multi-format camcorder and provides 1080i and 720p recording with the production-proven image quality of 100 Mbps DVCPRO HD. Panasonic’s DVCPRO P2 series products are fully compatible with DVCPRO, the industry’s standard for digital newsgathering, and provide a seamless migration path to DVCPRO HD. DVCPRO P2 offers nonlinear acquisition and instant access to material, high-speed file transfer, laptop field editing without requirement for proxy videos, and compatibility with off-the-shelf data storage drives for low-cost archiving, while eliminating traditional digitizing and ingesting operations. The core DVCPRO P2 products – AJ-SPX800 camcorder, AJ-SPD850 recorder, and AJ-PCD10 drive -- eliminate transports and mechanisms, resulting in a significant maintenance cost-savings because of the absence of any moving parts that can break down or wear out from repetitive use. Moreover, DVCPRO P2 products are resistant to environmental extremes including shock, vibration, and humidity. The P2 card is re-usable, allowing a station to substantially reduce its media budget. For more information, visit www.panasonic.com/p2. About Panasonic Broadcast Panasonic Broadcast & Television Systems Co. is a leading supplier of broadcast, professional video and presentation products and systems. Panasonic Broadcast is a unit company of Panasonic Corporation of North America. The company is the North American headquarters of Matsushita Electric Industrial Co., Ltd. (NYSE: MC) of Japan, and the hub of its U.S. marketing, sales, service and R&D operations For more information on Panasonic Broadcast products, access the company’s web site at www.panasonic.com/broadcast.