News Release
For Immediate Release
KPG and Presstek Form Relationship to Expand United States and Canadian DI Markets
Hudson, NH - March 11, 2003 - Presstek, Inc. (Nasdaq: PRST), a leading provider of direct digital imaging technology and Kodak Polychrome Graphics (KPG), a leading supplier of digital, conventional and business solutions for the graphic arts industry, today announced that they have entered into a relationship for KPG to market, sell and service a direct digital imaging press and related consumables in the United States and Canada. The new KPG DI solution is a two-page, four-color Ryobi platform DI press which is enabled by Presstek's patented ProFire® imaging and thermal plate technology. This new highly automated DI solution will be manufactured to KPG specifications and is designed to provide high quality offset printing, and a high level of consistency.
John Schloff, KPG Worldwide Staff Vice President, said, "Kodak Polychrome Graphics is committed to helping customers make the transition to digital workflows. It is a natural progression that our current CtP and digital printing product portfolio expands to include a DI press." Schloff added, "Many of our customers are increasingly experiencing the need to deliver quality offset printing in shorter run lengths with faster turnaround times. By adding a KPG DI offering to our product portfolio we can now provide them with a solution that satisfies this need."
Edward J. Marino, Presstek's president and chief executive officer said, "The agreement with KPG further demonstrates the acceptance of DI in the market place. Presstek believes DI is the future of offset printing." He added, "As Presstek enters the next phase of its market-focused emphasis, it is essential to work with partners who have a commitment to DI and a strong sales and service network. KPG’s service, technical support, and sales organizations are among the best in the industry. We look forward to working with them to expand the market presence of this compelling DI solution."
Presstek, Inc. is a leading developer of digital laser imaging and chemistry-free plate technologies for the printing and graphic arts industries. Marketed to world-leading press manufacturers and directly to end users, Presstek's patented DI®, CTP and plate products eliminate photographic darkrooms, film and toxic processing chemicals, reduce the printing turnaround time and lower the production costs. The company's Lasertel subsidiary supplies it with the valuable resources necessary for its next generation laser imaging devices. For more information on Presstek, visit www.presstek.com, call 603-595-7000 or email: marketing@presstek.com.
Kodak Polychrome Graphics provides one of the broadest portfolios of digital, conventional and business solutions available in the graphic arts industry today. Products and services include a wide range of computer-to-plate and conventional lithographic plate products, digital halftone, inkjet, and analog proofing products, digital printing applications, color workflow tools, consulting services and Kodak branded graphic arts films. With headquarters in Norwalk, Connecticut, USA, KPG serves customers around the globe with regional offices in the United States, Europe, Japan, Asia Pacific and Latin America. Additional information regarding Kodak Polychrome Graphics may be found on the company's website: www.kpgraphics.com.
Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Certain statements contained in this News Release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including those regarding the acceptance of and development of the market for DI products. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the risks of uncertainty of patent protection, the risks of uncertainty of strategic alliances, the Company's dependence on its strategic partners (both on manufacturing and distribution), the impact of third-party suppliers, manufacturing constraints or difficulties, market acceptance of and demand for the company's products and resulting revenues, development of technology and manufacturing capabilities, impact of competitive products and pricing, litigation and other risks detailed in the company’s filings with the Securities and Exchange Commission. The words "looking forward", "believe," "demonstrate," "intend," "expect," "estimate," "anticipate," "likely" and similar expressions may identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. Presstek undertakes no obligation to update any forward-looking statements contained in this news release.
SOURCE: Presstek, Inc.
Back to top
