OKI Recycles Waste Oil from its Cafeteria to be Used as Truck Fuel

- Plans to Reduce 10 Tons of CO2 in a Year -
TOKYO--(Business Wire)--
Oki Electric Industry Co., Ltd. (TOKYO:6703) today announced it
has started to recycle waste oil from its cafeteria in Hachioji, Tokyo
to be used as biodiesel fuel for the trucks of its logistics
operations.

Project Transportation Co., a partner company of OKI Logistics
Co., Ltd., is working together with G.O. Food Service Co., Ltd., who
operates OKI's cafeterias. The two companies have signed an agreement
to reuse cooking oil and have started recycling from April 2008.

"OKI Group has been implementing various activities to reduce
environmental burden such as recycling our used uniforms. Now, to help
contribute in a greener future, we are refining used oil from our
cafeteria into biodiesel fuel, a clean burning alternative fuel," said
Masataka Sase, Senior Vice President of Oki Electric Industry and
General Manager of OKI's Global Environment Division. "Going forward,
we will continue to reduce our environmental burden by actively
implementing the 3Rs (Reduce, Reuse and Recycle) through activities
such as controlling waste and recycling water."

Biodiesel gasoline, today considered as a viable alternative fuel,
is refined from vegetable oil, specifically from the used cooking oil
from homes and cafeterias which conventionally was thrown away. The
biodiesel also is a biomass energy source as follows:

-- Zero count for CO2 emission

Vegetable oil is made from coleseed and soy beans, which absorb
CO2 through photosynthesis while they grow. Therefore the net amount
of CO2 generated from production and use of biodiesel gas does not
increase, but rather remains neutral (real count rate: zero) in the
biodiesel life cycle.

-- Less than one-third black smoke emission

Biodiesel fuel has a higher firing point than that of light gas
oil, which enables complete combustion, generating less than one-third
the black smoke produced by burning light gas oil.

-- Significant decrease of sulfur oxide

The auto exhaust from biodiesel includes little sulfur oxide
(SOx), which is said to be the cause of atopy and acid rain.

-- No need to remodel vehicles

When changing from light gas oil to biodiesel fuel, there is no
need to remodel vehicle engines, but simply make changes to the
vehicle inspection certificate to register dual fuel use- i.e. "also
uses waste and food oil."

-- Light gas oil tax is non-taxable

If the fuel is 100% biodiesel, it is non-taxable because it is not
considered hydrocarbon oil.

(Impact of reducing environmental burden)

1. Amount of refined biodiesel fuel

During the month of March 2008, OKI refined 314 liters of
biodiesel fuel from 349 liters of used cooking oil, a refining rate of
90%. The remaining 35 liters (equivalent to 10%) was used to make soap
and as compost for farming.

2. Amount of reduced CO2 emission

Trucks running on light gas oil emit 2.64kg of CO2 per liter of
fuel burning. This means, from the 314 liters of biodiesel fuel OKI
refined during March, OKI can reduce 829kg of CO2 emission. When this
cycle is continued for a year, OKI expects to reduce CO2 emission by
10 tons.

About Oki Electric Industry Co., Ltd.

Founded in 1881, Oki Electric Industry Co., Ltd. is Japan's first
telecommunications manufacturer, with its headquarters in Tokyo,
Japan. OKI provides top-quality products, technologies and solutions
to its customers through its info-telecom system business,
semiconductor business and printer business. All three businesses
function as a collective force to create exciting new products and
technologies that satisfy a spectrum of customer needs in various
markets. Visit OKI's global web site at http://www.oki.com/.

Notes:

-- Names of companies and products are trademarks or registered
trademarks of the respective companies and organizations.

Oki Electric Industry Co., Ltd.
For Europe and Americas:
Naomi Takeuchi, +1-408-737-6279
Public Relations Division
press@oki.com
or
For Asia and Other Areas:
Akiko Horiguchi, +81-3-3580-8950
Public Relations Division
press@oki.com

Copyright Business Wire 2008