Planar Systems

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Planar Systems, Inc.
Type Public
Industry Technology
Founded 1983
Headquarters Hillsboro, Oregon, USA
45°31′41″N 122°53′00″W / 45.52794°N 122.88345°W / 45.52794; -122.88345Coordinates: 45°31′41″N 122°53′00″W / 45.52794°N 122.88345°W / 45.52794; -122.88345
Key people

Gerald K. Perkel, President and CEO

Ryan Gray, VP and CFO
Products Monitors, Display Screen & Projectors
Revenue $166.8 million USD(2013)[1]
Operating income Decrease $167K USD(2013)[1]
Net income Increase $387K USD(2013)[1]
Employees 456 (2010)
Website www.planar.com

Planar Systems, Inc. NASDAQPLNR is a U.S. digital display manufacturing corporation based in Hillsboro, Oregon. Founded in 1983 as a spin-off from Tektronix, it was the first U.S. manufacturer of electroluminescent (EL) digital displays. Planar currently makes a variety of other specialty displays. The company, with $166.8 million in revenue (2013), is headed by chief executive officer and president Gerald K. Perkel.

History[edit]

1980s[edit]

Planar was founded in 1983 by Jim Hurd, Chris King, John Laney and others as a spin-off from the Solid State Research and Development Group of the Beaverton, Oregon, based Tektronix.[2] In 1986, a division spun off from Planar to work on projection technology, InFocus.[3]

1990s[edit]

In 1991, FinLux, a competitor in Espoo, Finland was purchased and is now the company's European headquarters.[4] Planar's executives took the company public in 1993, listing the stock on the NASDAQ boards [5] Planar acquired Tektronix's avionics display business, creating the short-lived Planar Advance in 1994.[6] Standish Industries, a manufacturer of flat panel LCDs in Lake Mills, Wisconsin, was sold to Planar in 1997.[7] This plant was closed in 2002 as worldwide LCD manufacturing shifted to East Asian countries.

2000s[edit]

Company headquarters

On April 23, 2002, DOME Imaging Systems was purchased by Planar and became the company's medical business unit.[8] Planar acquired Clarity Visual Systems (founded by former InFocus employees) on September 12, 2006, now referred to as the Control Room and Signage business unit.[9] On May 23, 2007, Planar acquired Runco International, a leading brand in the high-end, custom home theater market.[10] On August 6, 2008, Planar sold its medical business unit to NDS Surgical Imaging.[11]

2010s[edit]

In November 2012, Planar announced the sale of its electroluminescent business to Beneq Oy, a supplier of production and research equipment for thin film coatings. Under the terms of the transaction, consideration consists of a $6.5 million base purchase price, of which $3.9 million was paid in cash at closing and $2.6 million was paid in the form of a promissory note.[12]

Operations[edit]

Planar currently assembles and services videowalls, projectors, and other displays in Hillsboro. Planar's EL manufacturing operations were consolidated into Planar's Espoo, Finland facility in 2002.[13] Additional large-format displays are assembled and integrated in Albi, France.[14]

See also[edit]

References[edit]

  1. ^ a b c "Planar Announces Fiscal Fourth Quarter and Full Year 2013 Financial Results". Planar Systems. November 20, 2013. 
  2. ^ A History of Electroluminescent Displays J. A. Hart, Indiana University; S.A. Lenway, and T. Murtha, University of Minnesota September 1999
  3. ^ InFocus through the years The Oregonian/OregonLive Silicon Forest Blog April 13, 2009
  4. ^ U.S. Project Hobbled by Japan's Lead New York Times, December 18, 1990 Section D page 1
  5. ^ "Planar Systems gets in step with area trend to go public". The Oregonian, October 30, 1993
  6. ^ "Planar Inc. maps deal, set to soar". The Oregonian, July 15, 1994
  7. ^ "Standish of Lake Mills Sold to LCD Competitor". The Capital Times, August 27, 1997
  8. ^ Planar Systems Acquires DOME Imaging Systems Photonics.com May 1, 2002
  9. ^ Planar buys Clarity for $46M Portland Business Journal July 19, 2006
  10. ^ Planar’s Acquisition of Runco: No End to the Party CEPro, May 24, 2007
  11. ^ NDS Surgical Imaging buys Dome Imaging Silicon Valley / San Jose Business Journal, August 6, 2008
  12. ^ Planar Announces Sale of Electroluminescent (EL) Business to Beneq
  13. ^ Planar consolidation means 55 layoffs Portland Business Journal, August 16, 2002
  14. ^ 2008 10-K Filing 2008 10-K filing with SEC

External links[edit]