Seiko Epson Corporation, commonly known as Epson, is a Japanese multinational electronics company and one of the world's largest manufacturers of printers and information- and imaging-related equipment. Headquartered in Suwa, Nagano, Japan, the company has numerous subsidiaries worldwide and manufactures inkjet, dot matrix, thermal and laser printers for consumer, business and industrial use, scanners, laptop and desktop computers, video projectors, watches, point of sale systems, robots and industrial automation equipment, semiconductor devices, crystal oscillators, sensing systems and other associated electronic components.
The company has developed as one of manufacturing and research and development (formerly known as Seikosha) of the former Seiko Group, a name traditionally known for manufacturing Seiko timepieces. Seiko Epson was one of the major companies in the Seiko Group, but is neither a subsidiary nor an affiliate of Seiko Group Corporation.
History
Origins
The roots of Seiko Epson Corporation go back to a company called Daiwa Kogyo, Ltd. which was founded in May 1942 by Hisao Yamazaki, a local clock shop owner and former employee of K. Hattori, in Suwa, Nagano. Daiwa Kogyo was supported by an investment from the Hattori family (founder of the Seiko Group) and began as a manufacturer of watch parts for Daini Seikosha (currently Seiko Instruments). The company started operation in a renovated miso storehouse with 22 employees.
In 1943, Daini Seikosha established a factory in Suwa for manufacturing Seiko watches with Daiwa Kogyo. In 1959, the Suwa Factory was split up and merged into Daiwa Kogyo to form Suwa Seikosha Co., Ltd: the forerunner of the Seiko Epson Corporation. The company has developed many timepiece technologies, such as the world's first portable quartz timer (Seiko QC-951) in 1963, the world's first quartz watch (Seiko Quartz Astron 35SQ) in 1969, the first automatic power-generating quartz watch (Seiko Auto-Quartz) in 1988, and the Spring Drive watch movement in 1999.
The watch business is the root of the company's ultra-precision machining and micromechatronics technologies and still a major business for Seiko Epson, although it accounts for a low percentage of total revenues. Watches made by the company are sold through the Seiko Watch Corporation, a subsidiary of Seiko Group. The watch brand Orient Watch, also known as Orient Star, has been owned by Epson since 2009 and was fully integrated into the company in 2017.
Printers
In 1961, Suwa Seikosha established a company called Shinshu Seiki Co. as a subsidiary to supply precision parts for Seiko watches. When Seiko was selected to be the official time keeper for the 1964 Summer Olympics in Tokyo, a printing timer was required to time events, and Shinshu Seiki started developing an electronic printer.
In September 1968, Shinshu Seiki launched the world's first mini-printer, the EP-101 ("EP" for Electronic Printer,) which was soon incorporated into many calculators. In June 1975, the name Epson was coined for the next generation of printers based on the EP-101, which was released to the public. The Epson name was coined by joining the initials EP (Electronic Printer) and the word son, making "Epson" mean "Electronic Printer's Son". In April of the same year, Epson America Inc. was established to sell printers for Shinshu Seiki Co.
In June 1978, the TX-80 (TP-80), an eighty-column dot matrix printer, was released to the market and was mainly used as a system printer for the Commodore PET computer. After two years of further development, an improved model, the MX-80 (MP-80), was launched in October 1980. It was soon advertised as the best selling printer in the United States.
In July 1982, Shinshu Seiki officially named itself the Epson Corporation and launched the world's first handheld computer, the HX-20 (HC-20), and in May 1983, the world's first portable colour LCD TV was developed and launched by the company.
In November 1985, Suwa Seikosha Co., Ltd. and the Epson Corporation merged to form Seiko Epson Corporation.
The company developed the Micro Piezo inkjet technology, which used a piezoelectric crystal in each nozzle and did not heat the ink at the print head while spraying it onto the page, and released the Epson MJ-500 inkjet cartridge for the Epson Stylus 800 printer in March 1993. Shortly after in 1994, Epson released the first 720 dpi colour inkjet printer, the Epson Stylus Color (P860A) utilizing the Micro Piezo head technology. Newer models of the Stylus series employed Epson's special DURABrite ink and used two hard drives (an HD 850 and an HD 860).