Exhibit 99.1

Planar Reports Fiscal First Quarter 2015 Financial Results

57% Increase in Digital Signage Product Sales to Record $29.8 Million Drives $0.17 Non-GAAP EPS

BEAVERTON, Ore. – February 3, 2015 – Planar Systems, Inc. (NASDAQ: PLNR), a global leader in display and digital signage technology, reported financial results for the fiscal first quarter ended December 26, 2014.

Fiscal Q1 2015 Financial Highlights (compared to the same-year-ago quarter)

Fiscal Q1 2015 Key Financial Metrics

Fiscal Q1 2015 Operational Highlights

Fiscal Q1 2015 Financial Results

Total revenue increased 38% to $55.8 million from $40.5 million in the first quarter of fiscal 2014. The improvement was driven by a 57% increase in sales of the company’s DS products, which totaled a record $29.8 million (or 53% of total revenue) compared to $19.0 million (or 47% of total revenue) in the same year-ago period. Sales of C&I products increased 21% to $26.0 million (or 47% of total revenue) compared to $21.5 million (or 53% of total revenue) in the same year-ago quarter.

Consolidated gross profit margin as a percentage of sales (on a non-GAAP basis) was 26%, an improvement from 24% in the first quarter of fiscal 2014 (see reconciliation to GAAP, below). The increase was due to lower labor and overhead expenses related to improved capacity utilization, as well as a change in the mix of products sold towards higher margin DS products.

Non-GAAP operating expenses totaled $10.8 million compared to $8.8 million in the same quarter last year (see reconciliation to GAAP, below). The increase was primarily due to higher sales and marketing expenses.

GAAP net income totaled $3.1 million or $0.14 per diluted share, an increase of 390% or $0.11 per diluted share from $630,000 or $0.03 per diluted share in the first quarter of fiscal 2014.

Non-GAAP net income totaled $3.8 million or $0.17 per diluted share, an increase of 253% or $0.12 per diluted share from $1.1 million or $0.05 per diluted share in the same year-ago quarter (see reconciliation to GAAP, below).

Non-GAAP EBITDA increased 157% to $4.3 million from $1.7 million in the first quarter of fiscal 2014 (see reconciliation to GAAP, below).

At December 26, 2014, the company’s cash balance totaled $14.9 million, up 14% from $13.1 million at September 26, 2014.

Management Commentary

“During our first quarter of fiscal 2015, we continued to make substantial progress in our strategic transformation into a higher growth, more profitable company,” said Gerry Perkel, the company’s president and CEO. “In fact, revenue generated by digital signage product sales hit a new record high, as well as crossed over to more than 50% of total revenue for the first time. This record level of DS product sales was driven by continued strong demand for our leading digital signage product offerings, which includes our suite of LCD video walls and large format and 4K LCD displays.”

“Our strategy has been to focus on the fast-growing market for digital signage products and during the quarter we expanded our selling and marketing resources in order to better capitalize on the strong industry momentum,” continued Perkel. “This included strengthening our relationships with key value-added resellers and adding new resellers to our network. Along with producing the award-winning products and ‘industry firsts,’ like our UltraRes 98” Touch LCD display, these relationships have become an integral part of our differentiated growth strategy to capture market share and drive revenue growth.”

Business Outlook

Planar expects to see continued strong year-over-year revenue growth from its digital signage and custom C&I products in the second quarter of fiscal 2015. The company expects revenue to follow its historical seasonal pattern of sequential decline and as a result anticipates revenue in its second fiscal quarter ending March 27, 2015 to range between $47 million and $50 million, which would represent an increase of 14% to 22% compared to the same year-ago quarter. Non-GAAP net income for the second fiscal quarter of 2015 is expected to range between $0.07 and $0.10 per diluted share, compared to $0.03 per diluted share in the same year-ago quarter.

Conference Call

Management will discuss the results of operations and business outlook on a conference call later today (February 3, 2015) at 5:00 p.m. Eastern time (2:00 p.m. Pacific time).

Planar President and CEO Gerry Perkel and CFO Ryan Gray will host the call, followed by a question and answer period.

U.S. dial-in: (888) 713-4199

International dial-in: (617) 213-4861

Passcode: 31607515

The conference call will be broadcast simultaneously and available for replay via the investor section of the company’s website at http://investor.planar.com/phoenix.zhtml?c=111133&p=irol-irhome.

Please call the conference telephone number 10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Liolios Group at (949) 574-3860.

A replay of the call will be available after 9:00 p.m. Eastern time on the same day through March 4, 2015.

U.S. replay dial-in: (888) 286-8010

International replay dial-in: (617) 801-6888

Replay ID: 47983043

About Planar Systems

Planar Systems, Inc. (NASDAQ: PLNR) is a global leader in display and digital signage technology, providing premier solutions for the world’s most demanding environments. Retailers, educational institutions, government agencies, businesses, utilities and energy firms, and home theater enthusiasts all depend on Planar to provide superior performance when image experience is of the highest importance. Planar video walls, large format LCD displays, interactive touch screen monitors and many other solutions are used by the world’s leading organizations in applications ranging from digital signage to simulation and from interactive kiosks to large-scale data visualization. Founded in 1983, Planar is headquartered in Oregon, USA, with offices, manufacturing partners and customers worldwide. For more information, visit www.planar.com.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 relating to Planar’s business operations and prospects, including statements under the “Business Outlook” heading relating to the Company’s expected revenue growth, revenue range and non-GAAP income per share range for the second quarter of fiscal 2015. These statements are made pursuant to the safe harbor provisions of

the federal securities laws. These and other forward-looking statements, which may be identified by the inclusion of words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “goal” and variations of such words and other similar expressions, are based on current expectations, estimates, assumptions and projections that are subject to change, and actual results may differ materially from the forward-looking statements. These statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Many factors, including the following, could cause actual results to differ materially from the forward-looking statements: poor or weakened domestic and international business and economic conditions; changes or reductions in the demand for products in the various display markets served by the Company; any delay in the timing of customer orders or the Company’s ability to ship product upon receipt of a customer order; the extent and timing of any additional expenditures by the Company to address business growth opportunities; any inability to reduce costs or to do so quickly enough, in either case, in response to reductions in revenue; adverse impacts on the Company or its operations relating to or arising from any inability to fund desired expenditures, including due to difficulties in obtaining necessary financing; changes in the flat-panel monitor industry; changes in customer demand or ordering patterns; changes in the competitive environment including pricing pressures, increased commoditization or the ability to keep pace with technological changes; technological advances; shortages of manufacturing capacity from the Company’s third-party manufacturing partners or other interruptions in the supply of components the Company incorporates in its finished goods including as a result of labor unrest (including the present work slowdowns and certain west coast ports) or natural disasters; future production variables resulting in excess inventory and other risk factors listed from time to time in the Company’s periodic filings with the Securities and Exchange Commission (SEC). The forward-looking statements contained in this press release speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

Note Regarding the Use of non-GAAP Financial Measures

In addition to disclosing financial results calculated in accordance with U.S. generally accepted accounting principles (GAAP), the Company’s earnings release contains non-GAAP financial measures that exclude certain items set forth in the reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures. The exclusions relate primarily to charges of a non-cash nature. Management uses the non-GAAP financial measures for internal managerial purposes, including as a means to compare period-to-period results on a consolidated basis and as a means to evaluate the Company’s results on a consolidated basis compared to those of other companies. In addition, management uses certain of these measures when publicly providing forward-looking statements on expectations regarding future consolidated basis financial results. The Company discloses this information to the public to enable investors to be able to more easily assess the Company’s performance on the same basis applied by management. The non-GAAP financial measures disclosed by the Company should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations to those financial statements should be carefully evaluated. The non-GAAP financial measures used by the Company may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies. The Company has provided reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures.

Company Contact

Planar Systems, Inc.

Ryan Gray

(503) 748-8911

ryan.gray@planar.com

Investor Contact

Liolios Group, Inc.

Matt Glover or Michael Koehler

(949) 574-3860

PLNR@liolios.com

Media Contact

Kim Brown

Planar Systems, Inc.

(503) 748-6724

kim.brown@planar.com

Planar Systems, Inc.

Consolidated Statements of Income

(In thousands, except per share amounts)

(unaudited)

Planar Systems, Inc.

Consolidated Balance Sheets

(In thousands)

(unaudited)

Reconciliation of GAAP to Non-GAAP Financial Measures

(In thousands, unaudited)

Reconciliation of GAAP to Non-GAAP Financial Measures Continued

(In thousands, unaudited)

Planar Systems, Inc.

Revenue by Product Line

(In millions)

(unaudited)

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