The Epson Company begins in 1961 as a subsidiary of the Seiko watch company providing parts for Seiko watches. The company is awarded a contract to make precision timers for the 1964 Tokyo Olympics as well as work to build a printer. Epson’s EP-101, released in 1968, is one of the first printers for electronic calculators. Epson’s first dot matrix printer, the TX-80, is introduced in 1978.