PLANAR SYSTEMS INC

PLANAR SYSTEMS INC

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Company Overview
Planar Systems, Inc. is a publicly traded company which is engaged in the development, manufacture, and marketing of electronic display products and systems for customers in medical, industrial, commercial, and specialty home theater. It was incorporated in 1983 and has its registered head office in Beaverton, Oregon.
Planar Systems operates in three segments: Medical, Industrial, and Commercial. Its Medical segment offers digital imaging systems for radiology, as well as display components intended to medical original equipment manufacturers (OEM) for incorporation into diagnostic and therapeutic equipment. The company’s Industrial segment provides active matrix liquid crystal display (LCD) and electroluminescent display technology and modules sold to OEMs for integration into various systems. The company, through this segment, also sells atomic layer deposition (ALD) technology, a surface controlled thin film deposition method, which is used in nanotechnology, semiconductor technology, advanced optical devices, and conventional industrial applications. Moreover, this segment manufactures and sells ALD reactors. The company’s commercial segment offers LCD desktop monitors, touch displays, and projectors to its buyers in North America through third party distributors. This segment also offers home theater projectors and multiple sizes flat-panel LCDs. The company sells its products directly to end users and through resellers.
Planar Systems is one of the world’s most accomplished providers of flat-panel displays with more than 20 years’ expertise in flat-panel innovation. It offers the most dependable display solutions for demanding applications in industrial, medical, commercial and consumer markets.
The company’s mission is to connect people, information and ideas everywhere easily. It markets in North America, Europe, and Asia.
Business Summary
Planar Systems, Inc. (Planar) is a provider of specialty display products, solutions, and services for customers in a number of end market segments. Products include display components, completed displays, and display solutions and systems based on a variety of flat panel and front- and rear-projection technologies. Planar delivers products for a variety of uses and categorizes the markets it serves: custom and embedded, video wall, information technology, and high-end home. The Company leverages its core competency in electroluminescent (EL) technologies and employs these technologies to focus on providing customized, embedded, and ruggedized displays to original equipment manufacturers (OEMs) and other system suppliers. The Company serves the video wall display market by offering both high-resolution LCD video walls and rear-projection cube video walls for use in large venue digital signage as well as various control room installations.
Description and history
Planar Systems, Inc. (Planar), incorporated on April 27, 1983, is a provider of specialty display products, solutions, and services for customers in a number of end market segments. Products include display components, completed displays, and display solutions and systems based on a variety of flat panel and front- and rear-projection technologies. Planar delivers products for a variety of uses and categorizes the markets it serves: custom and embedded, video wall, information technology, and high-end home.

Custom and Embedded

The Company leverages its core competency in electroluminescent (EL) technologies and employs these technologies to focus on providing customized, embedded, and ruggedized displays to original equipment manufacturers (OEMs) and other system suppliers. Key technologies used in products sold to this market also include customized active-matrix liquid crystal display (AMLCD) panels. These technologies are used in a variety of applications and industries including instrumentation, medical equipment, vehicle dashboards, indoor and outdoor digital signage, and military applications, all of which require functionality in demanding usage conditions, such as rugged outdoor conditions, extreme temperatures, instances where shaking or shock is expected, or applications that necessitate three-dimensional (3-D) imaging.

Video Wall

The Company serves the video wall display market by offering both high-resolution LCD video walls and rear-projection cube video walls for use in large venue digital signage as well as various control room installations. The Company markets these products under the Clarity brand. Digital signage video wall installations are used in a growing list of retail, airport, sports arena, and other locations while control room installations are typically found in the security, governmental, telecom, energy, industrial, broadcast, and transportation sectors. The market for control room video wall solutions is driven by the development, expansion, and upgrade of industrial infrastructure, such as power plants, transportation systems, communication systems, and security monitoring.

Information Technology (IT)

Planar capitalizes on its supply chain, logistics, and distribution relationships to sell a variety of primarily LCD based displays to the IT market. These relationships give the Company the ability to drive revenues in a number of product categories, including desktop monitors, touch displays, widescreen monitors, and front-projection equipment through its network of IT resellers.

High-end Home

The Company serves the high-end home market with its high-performance home theater front-projection systems, video processing equipment, large-format thin displays, and accessories. The Company has sold these products under the Runco brand, when it acquired the business assets of Runco International, Inc. (Runco), a high-end, luxury video products. Planar’s Runco products are primarily sold to its established network of custom home installation dealers in the United States.

The Company competes with NEC, Mitsubishi Electric, Viewsonic, Dell, Global Display Solutions, NEC, Sharp, Barco, Mitsubishi Electric, Eyevis, Christie Digital Systems, Inc., SIM2, Marantz, Dreamvision, Digital Projection International, and Panasonic Premiere.

Business Line
Engaged in the development, manufacture, and marketing of electronic display products and systems for customers in medical, industrial, commercial, and specialty home theater
Subsidiary
CLARITY VISUAL SYSTEMS B.V.
Advisor
KPMG LLP
IPO date
12/1993
US SIC Code
3679
Company Address
1400, N.W. Compton Drive

City province or state postal code
97006, BEAVERTON, OR
Phone: +1 503 748 1100
Fax: +1 503 748 1493
Country address: UNITED STATES OF AMERICA
Website url: www.planar.com