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Hitachi America, Ltd.

Hitachi

10/27/04


Hitachi America Named for Blenheim-Gilboa Power Plant Rehabilitation work


TARRYTOWN, N.Y., October 27, 2004 – Hitachi America, Ltd., Power and Industrial Division today announced that the New York Power Authority awarded it a $19.7 million contract to upgrade the pump-turbine units at the 1000-MW Blenheim-Gilboa Power Project in Gilboa, N.Y. The plant, which consists of four Hitachi 250-MW pump-turbine units, has been producing commercial power since 1973. The plant generates approximately 1.5 billion kilowatt-hours of electricity per year.

The work to be performed by Hitachi America is part of a Life Extension and Modernization Program (LEM) and includes replacing/rehabilitating runners, wicket gates, head covers, and bottom rings. A pump-turbine model runner design and test is also included. Hitachi America will begin overhaul work in 2006 and continue one per year until all are completed in 2010.

Hitachi America, Ltd., Power & Industrial Division supplies a broad range of products and services for use in both the power generation market as well as the industrial market. The division supplies major equipment to power generation and distribution facilities, including hydroelectric, thermal and nuclear power plants. The Power and Industrial Division supplies sophisticated equipment and components for industrial use, including steel plants, mass transit systems, chemical plants, and other manufacturing facilities.

The New York Power Authority is America’s largest state-owned power organization, providing electricity in New York State and operating 17 generating facilities and more than 1,400 circuit-miles of transmission lines.

Hitachi America, Ltd., a subsidiary of Hitachi, Ltd., markets and manufactures a broad range of electronics, computer systems and products, and consumer electronics, and provides industrial equipment and services throughout North America. For more information, visit http://www.hitachi.us.

Hitachi, Ltd., (NYSE: HIT), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 326,000 employees worldwide. Fiscal 2003 (ended March 31, 2004) consolidated sales totaled 8,632.4 billion yen ($81.4 billion). The company offers a wide range of systems, products and services in market sectors including information systems, electronic devices, power and industrial systems, consumer products, materials and financial services. For more information on Hitachi, please visit the company’s Website at http://www.hitachi.com.

Contact:
Gerard F. Corbett
Hitachi America, Ltd.
650.244.7900
gerard.corbett@hal.hitachi.com

Matt Takahashi
Hitachi America, Ltd.
650.244.7902.
masahiro.takahashi@hal.hitachi.com

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