Planar Systems, Inc. is an American digital display manufacturing corporation with a facility in Hillsboro, Oregon. Founded in 1983 as a

spin-off Spin-off may refer to: *Spin-off (media), a media work derived from an existing work *Corporate spin-off, a type of corporate action that forms a new company or entity * Government spin-off, civilian goods which are the result of military or gove ...

from

Tektronix Tektronix, Inc., historically widely known as Tek, is an American company best known for manufacturing test and measurement devices such as oscilloscopes, logic analyzers, and video and mobile test protocol equipment. Originally an independent ...

, it was the first U.S. manufacturer of electroluminescent (EL) digital displays. Planar currently makes a variety of other specialty displays, and is an independent subsidiary of Leyard Optoelectronic Co. since 2015.The headquarters, leadership team and employees still remain in Hillsboro,

Oregon Oregon () is a state in the Pacific Northwest region of the Western United States. The Columbia River delineates much of Oregon's northern boundary with Washington, while the Snake River delineates much of its eastern boundary with Idah ...

History

1980s

Planar was founded on May 23, 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 and formed InFocus.

1990s

In 1991, Planar purchased FinLux, a competitor in Espoo, Finland. This location now serves as 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.

2000s

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 June 19, 2006, Planar acquired

Runco International Runco International is a subsidiary of Planar Systems, Inc., an American multinational corporation headquartered in Beaverton, Oregon, that manufactures a wide range of display devices. History Runco International was founded by Sam Runco with wif ...

, 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.

2010s

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 was purchased by Leyard Optoelectronic Co. of China in 2015 for $157 million. 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.

2020s

The company has also completed several mission-critical deployments for corporations, governments, utilities, security and traffic authorities and more. In 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. Planar completed the latest of three installations at the University of Oregon. The addition of Planar® CarbonLight™ CLI Flex™ pliable LED video wall displays, custom designed into two curved LED installations, at Matthew Knight Arena follows the companies deployments at the university’s Hatfield-Dowlin Complex in 2013 and Student Recreation Center in 2015. 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. 200 Planar displays also appear in the university’s four-story Watt Family Innovation Center following an installation in 2016. On March 31, 2020, Planar launched a competitive, multi-year leasing program called Planar® EverNew™. The program simplifies the buying process by enabling customers to lease Planar display solutions at a fixed monthly cost. On June 11, 2020, Planar was recognized as a BEST Award winner by Commercial Integrator magazine. During the months of November and December, Planar also received an Innovative Product Award, DIGI Award and New Product Award from Sound & Video Contractor magazine, Digital Signage Magazine and Campus Technology magazine. On October 6, 2020, Planar introduced a lifetime limited warranty for LED displays called Planar® EverCare™. The program is designed to provide customers with complete confidence in their LED video wall purchase while reducing their lifetime cost-of-ownership. Products included in the program include Planar® TVF Series and Planar® TVF Complete™ LED video walls deployed in North America. On November 10, 2020, Planar expanded their US government division to enhance the company’s product security program to further adapt products and processes to best meet the product security needs of customers.

Products

* LED Video Walls * LCD Video Walls * Large Format LCD Displays * Collaboration and Touch Displays * Transparent OLED Displays * Outdoor LED Solutions * Custom LED Solutions * Video Processing * Desktop and Touch Screen Monitors * Accessories

Operations

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 Albi (; oc, Albi ) is a commune in southern France. It is the prefecture of the Tarn department, on the river Tarn, 85 km northeast of Toulouse. Its inhabitants are called ''Albigensians'' (french: Albigeois, Albigeoise(s), oc, albigé ...

Leyard Merger

On November 27, 2015, Planar closed its sale to become a subsidiary of Leyard Optoelectronic Co., a Chinese LED display product corporation. Headquarters operations for Planar remain in

Beaverton, OR Beaverton is a city in Washington County, in the U.S. state of Oregon with a small portion bordering Portland in the Tualatin Valley. The city is among the main cities that make up the Portland metropolitan area. Its population was 97,494 at the ...

following the sale.

Locations

In 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.http://www.markets.co/planar-systems-inc-nasdaqplnr-a-hold-roth-capital/8425/ Planar Systems, Inc. (NASDAQ:PLNR) a Hold: Roth Capital

References

External links

Hoover's Profile of Planar SystemsInternational Directory of Company Histories, Volume 61 (1990)
via Answers.com
Planar Systems topic at ''New York Times''
{{FormerORCompanies Electronics companies of the United States Companies based in Hillsboro, Oregon Manufacturing companies based in Oregon Display technology companies Electronics companies established in 1983 Companies formerly listed on the Nasdaq 1983 establishments in Oregon 1993 initial public offerings 2015 mergers and acquisitions American subsidiaries of foreign companies Corporate spin-offs