Korea's Leading PC Supplier To Ship LS-120-equipped PCs During Second Quarter

OAKDALE, Minn. (April 21, 1997) -- Samsung Electronics Company Ltd., Korea, has announced plans to equip selected new PC models with LS-120 diskette drives. Imation Corp. (NYSE: IMN), the new imaging and information company recently spun-off by 3M, manufactures and markets the 3M-brand LS-120 Diskette and was one of the co-developers of the technology.

Samsung Electronics plans to offer the backward-compatible LS-120 drives in two new models of its MagicStation M560D family of multimedia PCs during the second quarter of this year. Samsung Electronics is Korea's leading PC manufacturer, and its MagicStation line is marketed exclusively in Korea.

"We recognize that 1.44 MB diskettes have limitations in the current computing environment," said Uhm Kyu-Ho, manager, product planning division, Samsung Electronics. "I am convinced that our new models with LS-120 technology will be the best choice to meet our customers' needs for speed, storage capacity and multimedia functionality."

Other LS-120 companies include Compaq Computer Corp., O.R. Technology, Fujitsu ICL, Exabyte, Hitachi-Maxell, Ltd., Matsushita-Kotobuki Electronics Industries Ltd. (MKE), Mitsubishi Electric Corp., Vobis AG, and Siemens Nixdorf Informationssysteme AG.

"As the leading PC supplier in Korea, Samsung Electronics is an impressive addition to the growing list of LS-120 companies around the world," said Ray Meifert, director, PC Market Segment, Imation. "The new LS-120 offering from Samsung Electronics will further the establishment of this technology as the backward-compatible replacement for 1.44 MB diskette technology." Additional information about LS-120 technology is available via the World Wide Web at www.ls120.com.

Samsung Electronics Company Ltd., a US$19 billion flagship company of Korean-based Samsung Group, is a world leader in electronics. The company develops, manufactures, and markets consumer electronics, industrial electronics and semiconductors.

Imation Corp. supplies a variety of products and services worldwide for the imaging and information industry, and is the world's leading manufacturer and marketer of branded removable data storage media for computing applications. The company generated revenues of approximately US$2.3 billion in 1996. Imation employs 9,400 people and is based in Oakdale, Minn.

Additional information about Imation is available on the company's website at www.imation.com, by calling Imation toll-free at 1-888-466-3456, or through the company's toll-free shareholder information line at 1-888-IMN-NYSE (1-888-466-6973).

Copyright 1996 Imation. All rights reserved.