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RICOH ELECTRONICS, INC. ANNOUNCES COMPLETION OF SOLAR SYSTEM AT HEADQUARTERS BUILDING  News pressrelease also available in pdf


West Caldwell, NJ, February 9, 2011 - Ricoh Americas Corporation, a leading provider of digital office equipment and advanced document management solutions and services, today announced that the Ricoh Electronics, Inc. headquarters in Tustin, Calif. has completed the installation of a rooftop solar energy system, which will supply up to 10 percent (approximately 350,000 kWh) of the headquarters building’s electricity. The system will reduce carbon dioxide emissions by up to 98.1 metric tons/year* and will provide Ricoh Electronics, Inc. with annual electricity cost savings of more than $56,000.

Ricoh has been steadfastly committed to the environment for over 30 years. In 1976, Ricoh established the Environmental Protection Group responsible for keeping Ricoh’s environmental goals and strategies as key considerations when planning, developing, designing and promoting new products and services. In 2003, Ricoh introduced its first “Eco-Board” in Osaka, Japan, a billboard powered solely by renewable energy. A billboard powered 100% by the sun debuted in New York City’s Times Square early 2010. Ricoh also set medium and long-term targets in 2009, to reduce the total CO2 emissions to 30% by fiscal year 2020 and 87.5% by fiscal year 2050, as compared to fiscal year 2000.

Ricoh Electronics, Inc.’s solar-powered facility is another example of Ricoh’s continued dedication to the environment. Ricoh’s Atsugi and Numazu facilities in Japan currently have solar power systems installed, but the Tustin facility will be the first outside of Japan.

“Installation of this system is a natural extension of Ricoh’s continued focus on developing and implementing environmental protection activities that lead to prevention of pollution and more efficient use of resources,” said Yoshinori Yamashita, President, Ricoh Electronics, Inc.

Ricoh Electronics, Inc. engaged SPG Solar Inc., a leader in the development, design and installation of high-performance commercial solar energy systems, to manage the project. SPG Solar installed nearly 1,000 cutting-edge, silicone crystal solar panels to create the solar energy system on Ricoh Electronics, Inc.’s existing headquarters building. The system takes advantage of Ricoh Electronics, Inc.’s location in sunny Southern California. Ricoh Electronics, Inc. offset approximately 60 percent of the solar system’s cost by incentives offered by the federal and state government, and expects to recoup its costs for the project in 5.5 years.

“It is commendable that Ricoh Electronics, Inc. has continued their commitment to building such a sizable system,” said Chris Robine, President and CEO of SPG Solar. “At SPG Solar, we rarely come across a client that is willing to take so many steps to show such a serious commitment to sustainability. That Ricoh Electronics, Inc. has done so is very impressive.”

Ricoh Electronics, Inc. achieved zero waste to landfill status in 2001, and all its operations have maintained certification to ISO 14001 since 1999. In addition, Ricoh Electronics, Inc. employees are actively engaged in sustainability initiatives, including submitting 1,360 improvement suggestions in FY 2009, which resulted in over $2 million in savings.

Ricoh Electronics, Inc. hosted an event today to unveil the new solar energy system. The Mayor of Tustin, Jerry Amante, and the Consul General of Japan, Consul General Junichi Ihara attended the event in support of Ricoh Electronics, Inc.’s environmental efforts.

About Ricoh Electronics, Inc.
Ricoh Electronics, Inc. is one of over 272 domestic and overseas companies which comprise Ricoh Company, Ltd., a $21 billion global corporation and a leading supplier of advanced office automation equipment. The company produces highly-advanced digital copiers, peripherals, printed circuit boards, SecureFax™ machines, thermal media, toner, parts, recycled toner cartridges, and customer-configured products at its facilities in Orange County, California, and Lawrenceville, Georgia.

About Ricoh Americas Corporation
Ricoh Americas Corporation, headquartered in West Caldwell, N.J., is a subsidiary of Ricoh Company, Ltd., the 74-year-old leading provider of advanced office technology and innovative document imaging products, services and software, with fiscal year 2009 sales in excess of $21 billion.

Ricoh’s fully integrated hardware and customizable services and software help businesses share information efficiently and effectively by enabling customers to control the input, management and output of documents.

Ricoh Americas Corporation, directly or through its network of authorized dealers, markets and distributes products in North, Central and South America.

Information about Ricoh’s complete range of offerings can be found at www.ricoh-usa.com.

About SPG Solar, Inc.
SPG Solar is a leading developer of distributed solar projects for large commercial, government and public energy users. Located in Novato, California, SPG Solar has been providing unique solar solutions to its customers for nearly a decade. In addition to its expertise in designing and building solar power systems, SPG Solar offers proprietary products such as its SunSeeker™ single axis tracker and Floatovoltaics™, the world’s first floating solar system. SPG Solar’s Structured Finance Group offers a full array of financial resources and expertise on financing solar projects. SPG Solar currently manages more than 1,500 solar system installations in Arizona, California, Colorado, Florida, New Jersey, Oregon, Pennsylvania, and Texas. For more information on SPG Solar and distributed solar power, please visit www.spgsolar.com.

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*Greenhouse Gas Equivalencies provided from United States Environmental Protection Agency (EPA)
© 2010 Ricoh Americas Corporation. All rights reserved. All other company or product names and trademarks are the property of their respective owners.


Contacts:Linda MontefuscoJennifer Monteleone
Ricoh Americas CorporationSPG Solar
973-882-2172415-883-7657
linda.montefusco@ricoh-usa.comjennifer.monteleone@spgsolar.com
 
Sarah Sanzari
Peppercom
212-931-6175
ssanzari@peppercom.com

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