LAKE SUCCESS, N.Y., and NEWPORT NEWS, V.A., October 17, 2007 – Demonstrating their commitment to supporting the development of American business leaders, Canon U.S.A., Inc., Canon Virginia, Inc. (CVI), and Christopher Newport University (CNU) today announced the formation of the Christopher Newport University – Canon Leadership Scholars Program.

Beginning in August 2008, the top 25 students chosen to participate in CNU's President's Leadership Program will become Canon Leadership Scholars. They will each receive a $5,000 merit scholarship over 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 empower the lives of students who possess exceptional intellect and passion.

"Canon is guided by the philosophy of Kyosei – all people, regardless of race, religion, or culture, harmoniously living and working together into the future. The Christopher Newport University – Canon Leadership Scholars Program will educate the leaders of tomorrow by fostering the development of the best and brightest students," said William Reed, senior vice president and general manager, Corporate Communications, Canon U.S.A. "By providing guest speakers to share their ideas, a study abroad program to develop a global perspective and outdoor leadership adventures to understand the importance of teamwork and the ability to overcome challenges, students will emerge with the knowledge and skills needed to one day become future leaders and top decision makers in America."

"Canon is a great corporate citizen known and respected around the world and we are honored to receive this strong and generous support, " said CNU President Paul Trible. "Working together, our purpose is to empower these students to become caring, knowledgeable and effective leaders in America and the world."

"Today is a very special day for Canon Virginia as we announce the establishment of the Canon Leadership Scholars Program at Christopher Newport University. Leaders are those who step out from the crowd and make a difference," said Takayoshi Hanagata, president and CEO of Canon Virginia, Inc. "Our hope and dream is that the Canon Leadership Scholars program will educate, develop and challenge students to make a positive impact on the world in which they live as well as on the lives of those around them."

To be considered for the Christopher Newport University – Canon Leadership Scholars Program, students must have, among other qualifications, a minimum high school grade point average of 3.75 and a minimum SAT score of 1300. In addition, students must also demonstrate excellence and exceptional potential in the areas of leadership, scholarship and citizenship

About Christopher Newport University
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 Luter School of Business and offers great teaching, small classes and an emphasis on leadership, civic engagement and honor. Visit us at www.cnu.edu.

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 1-757-881-6300 or visit www.cvi.canon.com.

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, ranking third overall in the U.S. in 2006†, with global revenues of $34.9 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.