Planar Systems, Inc.is an American digital display manufacturing corporation with a facility inHillsboro, Oregon.Founded in 1983 as aspin-offfromTektronix,it was the first U.S. manufacturer ofelectroluminescent(EL) digital displays. Planar currently makes a variety of other specialty displays, and has been an independent subsidiary ofLeyard Optoelectronic Co.since 2015. The headquarters, leadership team and employees still remain inHillsboro,Oregon.
 Logo used since January 15, 2008[1] | |
| Company type | Subsidiary |
|---|---|
| Industry | Technology |
| Founded | May 23, 1983 |
| Headquarters | Hillsboro, Oregon,U.S. 45°31′41″N122°53′00″W/ 45.52794°N 122.88345°W |
Key people | Gerald K. Perkel, President andCEO Ryan Gray, VP andCFO |
| Products | Monitors, Display Screen & Projectors |
| Revenue | $1.8 billionUSD(2018)[2] |
 $1.6 millionUSD(2018)[2] | |
 $3.8 MillionUSD(2018)[2] | |
Number of employees | 456 (2018) |
| Parent | Leyard Optoelectronic Co. |
| Website | planar |
History
edit1980s
editPlanar was founded on May 23, 1983[3]by Jim Hurd, Chris King, John Laney and others as a spin-off from the Solid State Research and Development Group of theBeaverton, Oregon,based Tektronix.[4]In 1986, a division spun off from Planar to work on projection technology and formedInFocus.[5]
1990s
editIn 1991, Planar purchased FinLux, a competitor in Espoo, Finland. This location now serves as the company's European headquarters.[6]Planar's executives took the company public in 1993, listing the stock on the NASDAQ boards[7]Planar acquired Tektronix's avionics display business, creating the short-lived Planar Advance in 1994.[8]Standish Industries, a manufacturer of flat panel LCDs in Lake Mills, Wisconsin, was sold to Planar in 1997.[9]This plant was closed in 2002 as worldwide LCD manufacturing shifted to East Asian countries.
2000s
edit
On April 23, 2002, DOME Imaging Systems was purchased by Planar and became the company's medical business unit.[10]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.[11]On June 19, 2006,[12]Planar acquiredRunco International,a leading brand in the high-end, custom home theater market.[13]On August 6, 2008, Planar sold its medical business unit to NDS Surgical Imaging.[14]
2010s
editIn November 2012, Planar announced the sale of itselectroluminescentbusiness 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.[15]Planar was purchased by Leyard Optoelectronic Co. of China in 2015 for $157 million.[16]It became a subsidiary after formerly trading on the NASDAQ under the symbol PLNR.
In November 2016, Planar announced that it was to enter a merger agreement with NaturalPoint Inc., which sells infrared point tracking systems for use on CGI movie sets (Optitrack), and home use both for assisted computing (Smartnav) and computer gaming (TrackIR). The merger was finalized in January 2017. NaturalPoint will remain a separate business with its own executive team, customers, and market initiatives.[17]
2020s
editIn 2020, a nearly 32-foot-long, 5-foot-high Planar TVF Series LED video wall was added to Lea County Communication Authority (LCCA)’s Lea County 911 Call Center.[18]
Planar completed the latest of three installations at the University of Oregon.[19]The addition of Planar® CarbonLight™ CLI Flex™ pliable LED video wall displays, custom designed into two curved LED installations, at Matthew Knight Arena[20]follows the companies deployments at the university’s Hatfield-Dowlin Complex in 2013 and Student Recreation Center in 2015.[21]
The company also expanded its presence at Clemson University in Clemson, South Carolina by adding an impressive collection of 126 Planar LCD displays and two Planar LED video walls in the Wilbur O. and Ann Powers College of Business.[22]200 Planar displays also appear in the university’s four-story Watt Family Innovation Center following an installation in 2016.
On November 10, 2020, Planar expanded their US government division[23]to enhance the company’s product security program to further adapt products and processes to best meet the product security needs of customers.
Operations
editPlanar currently assembles and services videowalls, projectors, and other displays in Hillsboro. Planar's EL manufacturing operations were consolidated into Planar'sEspoo, Finlandfacility in 2002.[24]Additional large-format displays are assembled and integrated inAlbi, France.[25]
Leyard Merger
editOn November 27, 2015, Planar closed its sale to become a subsidiary ofLeyardOptoelectronic Co., a Chinese LED display product corporation. Headquarters operations for Planar remain inBeaverton, ORfollowing the sale.[26]
Locations
editIn addition to its Oregon, U.S. headquarters, Planar has worldwide reach. Its sales offices are located in Europe, North America, and Asia. It has manufacturing facilities in France, North America, and Finland.[27]
See also
editReferences
edit- ^"Planar Launches Six New Touch Screen LCDs".Nestor. January 15, 2008.RetrievedSeptember 19,2023.
- ^abc"Planar Announces Fiscal Fourth Quarter and Full Year 2013 Financial Results".Planar Systems. November 20, 2013. Archived fromthe originalon December 5, 2013.
- ^"Business Registry Business Name Search".Oregon Secretary of State.Retrieved22 March2022.
- ^A History of Electroluminescent DisplaysJ. A. Hart, Indiana University; S.A. Lenway, and T. Murtha, University of Minnesota September 1999
- ^InFocus through the yearsThe Oregonian/OregonLive Silicon Forest BlogApril 13, 2009
- ^U.S. Project Hobbled by Japan's LeadNew York Times,December 18, 1990 Section D page 1
- ^"Planar Systems gets in step with area trend to go public".The Oregonian,October 30, 1993
- ^"Planar Inc. maps deal, set to soar".The Oregonian,July 15, 1994
- ^"Standish of Lake Mills Sold to LCD Competitor".The Capital Times,August 27, 1997
- ^Planar Systems Acquires DOME Imaging SystemsArchived2011-06-04 at theWayback MachinePhotonicsMay 1, 2002
- ^Planar buys Clarity for $46MPortland Business JournalJuly 19, 2006
- ^"News"(Press release).
- ^Planar’s Acquisition of Runco: No End to the PartyCEPro,May 24, 2007
- ^NDS Surgical Imaging buys Dome ImagingSilicon Valley / San Jose Business Journal,August 6, 2008
- ^ Kim Brown (November 30, 2012). Planar Systems (ed.)."Planar Announces Sale of Electroluminescent (EL) Business to Beneq (press release)".businesswire.Berkshire Hathaway Co.RetrievedApril 1,2018.
- ^Rogoway, Mike (November 27, 2015)."Planar closes $157 million sale to Chinese company".The Oregonian/OregonLive.Retrieved8 December2015.
- ^"Planar finalises merger agreement with NaturalPoint".AV Magazine | Pro AV news, analysis and comment from Europe’s leading Audio Visual title.2017-01-31.Retrieved2017-02-07.
- ^"AV News to Know Aug. 21, 2020: New Products, Cool Projects and People in New Places".21 August 2020.
- ^"Planar LED Installation Drives Pregame Hype at University of Oregon Arena".24 September 2020.
- ^"Installation Profile"(PDF).planar.Retrieved18 July2023.
- ^"Installation Profile"(PDF).planar.Retrieved18 July2023.
- ^"Installation Profile"(PDF).planar.2020.Retrieved18 July2023.
- ^"Planar Announces Expansion of U.S. Government Division | Planar".Archived fromthe originalon 2020-11-10.
- ^Planar consolidation means 55 layoffsPortland Business Journal,August 16, 2002
- ^ "Form 10-K: Annual Report pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 (2010)"(PDF).sec.gov.United States Securities and Exchange Commission. September 24, 2010.RetrievedApril 1,2018.
- ^"Planar and Leyard Merger Complete".Planar Systems.Retrieved31 March2016.
- ^http:// markets.co/planar-systems-inc-nasdaqplnr-a-hold-roth-capital/8425/Planar Systems, Inc. (NASDAQ:PLNR) a Hold: Roth Capital