CENTER VALLEY, Pa., July 20 /PRNewswire/ -- Olympus, a precision
technology leader, designing and delivering imaging solutions in
healthcare, life science and photography, today celebrates the dedication
of its new headquarters for the Americas in Eastern Pennsylvania,
positioning the company for continued long-term profitable growth. A
building dedication ceremony later this morning will be attended by Dennis
Yablonsky, secretary of Pennsylvania's Department of Community and Economic
Development, on behalf of Governor Edward G. Rendell; F. Mark Gumz,
president and chief operating officer, Olympus America Inc; Tsuyoshi
Kikukawa, president, Olympus Corporation, Tokyo; Masaharu Okubo, president,
Olympus Imaging Corporation, Tokyo; as well as state and local politicians
and Olympus customers and business partners.
(Photo: http://www.newscom.com/cgi-bin/prnh/20060720/NYTH053 )
"Today marks the beginning of a new era for Olympus," stated Gumz.
"Olympus' strategic decision to relocate its headquarters to the Lehigh
Valley is the result of a comprehensive two-year study that involved 16
different U.S. markets ranging from the midwest to the east cost. The
analysis was based on a broad range of factors, such as the cost of
conducting business, living costs, recruitment needs and quality of life. I
would like to thank Governor Rendell for championing Olympus' relocation to
"Landing an internationally recognized company like Olympus is a
tremendous accomplishment for Pennsylvania," said Governor Rendell, "and
proof that our aggressive efforts to create a competitive business
environment are paying dividends. In the last three and a half years, we
have targeted investments in our businesses, communities, infrastructure
and workforce to help companies succeed. This approach has helped create
new opportunities for the State's hard working men and women, as more and
more employers choose to expand or relocate here in the Commonwealth."
State-of-the-Art Building Design
Olympus' new 337,400 square-foot headquarters, located in the Stabler
Center at 3500 Corporate Parkway in Center Valley, provides maximum
flexibility to reconfigure workspaces as needed to accommodate the
company's growth. The building, designed by architectural firm EwingCole of
Philadelphia, reflects Olympus' commitment to customer-centricity, allowing
customers access to facilities for conferences and continuing medical
education events. Its silver-metal and glass exterior architecturally
expresses the Olympus brand by mirroring the company's opto-digital
products, such as industry-leading gastrointestinal endoscopes, research
microscopes and digital cameras. The facility's design also supports
employee creativity, collaboration and productivity, which are key pillars
of Olympus' culture, and addresses the demand that modern workplaces more
closely resemble home life.
"The innovative design of our new headquarters allows us to better
interact with our customers, reflects our culture of fostering employee
creativity and productivity, and also gives us maximum flexibility to
support the company's long-term growth," added Gumz.
Strategic Decision to Relocate Headquarters; Positive Economic Impact
Gumz noted that three years before the decision was announced in 2004
to relocate to Lehigh Valley, Olympus conducted a thorough analysis of how
its employees worked, the role of technology, the need for face-to-face
collaboration in that work, the changing needs for physical space and
storage of files, and several other factors impacting a headquarters
facility. Findings underscored that Olympus, as a customer-centric and
marketing-focused company, would require a technologically well-appointed
environment that emphasized teamwork to best meet its growth objectives.
The relocation of the Olympus headquarters to the Lehigh Valley from
Melville, N.Y., illustrates how economic incentive programs like
Pennsylvania's KOZ package can benefit companies and contribute to regional
development in the U.S. Compared to Olympus' previous operating costs, the
tax abatement from the State, based on "earn out" against taxable operating
income and abatement of local real estate taxes and sales taxes on activity
within the KOZ will save Olympus tens of millions of dollars during the
incentive period and will result in substantial annual savings representing
millions of dollars, even after the tax abatement ends December 31, 2013.
Offering premium compensation, the company has attracted thousands of
job applicants and is expected to employ nearly 600 people at the new
facility by the end of 2006. The building has been built to sustain the
company for seven years of growth and can accommodate up to 1,000 people.
Olympus America and its sister companies, Olympus Imaging America and
Olympus Medical Equipment Services America, of which Mark Gumz is also
president and COO, collectively have approximately 2,100 employees in the
U.S. and Canada.
Olympus is also becoming an increasing cultural force in Eastern
Pennsylvania, supporting art and education programs at the Banana Factory
in Bethlehem, including the Olympus Digital Imaging Center, and is the
principal sponsor of Musikfest for 2005-06, held in Bethlehem each August.
Construction of Olympus' new headquarters was managed by Alvin H. Butz,
Inc., Allentown, Pa. The project involved numerous subcontractors from the
region and 600 workers throughout the construction period. Olympus
estimates that its ongoing payroll and operations expenditures spent
locally should help contribute hundreds of new jobs in the Lehigh Valley
annually, above and beyond jobs held by Olympus employees.
Olympus is a precision technology leader, designing and delivering
imaging solutions in healthcare, life science and photography.
Olympus works collaboratively with its customers and its parent
company, Tokyo-based Olympus Corporation, to leverage R&D investment in
precision technology and manufacturing processes across diverse business
lines. These include:
* Gastrointestinal endoscopes, accessories, and minimally invasive
* Advanced clinical and research microscopes;
* Lab automation systems, chemistry-immuno and blood bank analyzers and
* Digital and film cameras and digital voice recorders.
In the U.S. and Canada, Olympus America serves healthcare and
commercial laboratory markets with integrated product solutions and
financial, educational and consulting services that help customers
efficiently, reliably, safely, and easily achieve superior results. Olympus
is the leader in gastrointestinal endoscopy and clinical and educational
microscopes. The company's consumer products business spans North and South
America. For more information, visit http://www.olympusamerica.com .
NOTE TO EDITORS: Fact sheets and additional information about Olympus'
new headquarters for the Americas are available at