|Headquarters||Hillsboro, Oregon, USA
Gerald K. Perkel, President and CEORyan Gray, VP and CFO
|Products||Monitors, Display Screen & Projectors|
|Revenue||$166.8 million USD(2013)|
|Operating income||$167K USD(2013)|
|Net income||$387K USD(2013)|
Planar Systems, Inc. NASDAQ: PLNR 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.
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. In 1986, a division spun off from Planar to work on projection technology, InFocus.
In 1991, FinLux, a competitor in Espoo, Finland was purchased and is now the company's European headquarters. Planar's executives took the company public in 1993, listing the stock on the NASDAQ boards  Planar acquired Tektronix's avionics display business, creating the short-lived Planar Advance in 1994. Standish Industries, a manufacturer of flat panel LCDs in Lake Mills, Wisconsin, was sold to Planar in 1997. This plant was closed in 2002 as worldwide LCD manufacturing shifted to East Asian countries.
On April 23, 2002, DOME Imaging Systems was purchased by Planar and became the company's medical business unit. 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. On May 23, 2007, Planar acquired Runco International, a leading brand in the high-end, custom home theater market. On August 6, 2008, Planar sold its medical business unit to NDS Surgical Imaging.
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.
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. Additional large-format displays are assembled and integrated in Albi, France.
- "Planar Announces Fiscal Fourth Quarter and Full Year 2013 Financial Results". Planar Systems. November 20, 2013.
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- Planar’s Acquisition of Runco: No End to the Party CEPro, May 24, 2007
- NDS Surgical Imaging buys Dome Imaging Silicon Valley / San Jose Business Journal, August 6, 2008
- Planar Announces Sale of Electroluminescent (EL) Business to Beneq
- Planar consolidation means 55 layoffs Portland Business Journal, August 16, 2002
- 2008 10-K Filing 2008 10-K filing with SEC
- Google Finance: PLNR
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