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OKI to Exhibit at ITU TELECOM WORLD 2006

Tokyo, Japan, November 20, 2006 -- Oki Electric Industry Co., Ltd. (TSE: 6703) today announced its participation at the ITU TELECOM WORLD 2006, which will be held in Hong Kong from December 4th to 8th. Aiming to achieve a society where people around the world live in peace and happiness, OKI will introduce the know-how it has accumulated over the years in the information and telecommunication areas by developing various solutions combined with new technologies. OKI will showcase its products and solutions at its booth at No.8001-002 in Japan Pavilion in Halls 6&8.

"We are pleased to be exhibiting at TELECOM 2006 in Hong Kong, where we will introduce our latest technologies and solutions under the theme, Heartwarming world of e-Society, " said Katsumasa Shinozuka, CEO of Oki Electric Industry. "We will be showcasing our products in four areas. One area is products for Network Infrastructures, where we exhibit various products that support next generation networks (NGN). The others include the areas of Home & Personal, Office, and Public Sector. We would like visitors to understand how we will contribute to the realization of a society where boundaries between countries, regions, and cultures are broken down, enabling individuals to engage in various social activities in an unrestricted, yet secure way. We at OKI, call this the e-Society, which is a society full of Ubiquitous Services."

At the session for "Towards a safer digital society," CEO Shinozuka will be making a keynote speech under the theme, "Ubiquitous Security - Towards Realization of a Safe and Secure Digital World."

[Summary of OKI at TELECOM 2006]

Date : December 4th to 8th, 2006

OKI s booth : No.8001-002 in Japan Pavilion in Halls 6&8 at the Asia World Expo, Hong Kong

OKI speaking session :

Date/Time : December 7, 2006 11:30-13:00 at Forum Room 1

Theme : "Towards a safer digital society"

Speaker : Katsumasa Shinozuka, President and CEO of Oki Electric Industry Co., Ltd

OKI s URL for TELECOM2006 : http://www.oki.com/event/tele2006/

Exhibition :

1. Network Infrastructure

Various products and solutions that support the full-IP integrated NGN will be displayed. Products include IMS (IP Multimedia Subsystem) server, WiMAX (IEEE 802.16e) products, optical access equipment, CDMA-on-Fiber (Code Division Multiplexing-on-Fiber) which is OKI s new optical communication method for NGN, service delivery platform, operation monitoring server, and optical components widely used in the NGN market. OKI will exhibit its products based on its position of having launched the first VoIP system in Japan in 1996, and its strong track record with its carrier-grade softswitch, which has been used for 5 million subscribers, the world s largest scale.

2. Home & Personal

Products for better lifestyle with home networks will be displayed. These products include ZigBee®-based home network solutions such as home gateways, H.264 codec to enable high-definition video with low-bit rate, and set-top-box(STB) that is compliant with DLNA (Digital Living Network Alliance) to achieve content sharing.

OKI is aware that China is expected to shift to full digital TV in 2015, in which case increasing demand for digital TV will accelerate. OKI will showcase its hybrid STB that converges cable TV with IP networks. It will also display its three-axis acceleration sensor module to detect the movement of mobile terminals.

3. Office

Technologies and products for mobile security in leading-edge office environment and sales activities will be displayed. In the telephony area, OKI proposes an office environment for quadruple play to converge voice, video, data, and wireless over IP networks, and introduces the latest key telephone system for fixed mobile convergence (FMC) and IP-PBX. In regard to quadruple play service, OKI will provide various technologies for mobile terminals, and first time outside Japan, will demonstrate its iris recognition technology-based mobile terminals, and will introduce its face sensing engine middleware and engines for high-quality voice and high-definition video.

4. Public Sector

Various solutions to support a better life in the public area will be displayed. For ITS (Intelligent Transport System), OKI will introduce solutions to support safety, piece of mind and comfort in vehicles, which include vehicle-to-vehicle communication, vehicle-to-road communication, CMOS technology-based RFICs, reed switches, in which OKI holds the top market share in the world. In addition, for retail stores, OKI provides contact centers using digital pens, compact ATMs (automated teller machine) equipped with communication functions for use with mobile phones, and a secure print system with IC card authentication.

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:

* ZigBee is a trademark of Koninklijke Philips Electronics N.V

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

Information in the press releases is current on the date of the press announcement, but is subject to change without prior notice.

Public Relations Division

Press Contact For Europe and Americas

Oki Electric Industry Co., Ltd.

+1-408-737-6479

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