Adobe Spins Off Prepress Products to Luminous; Luminous to market Adobe prepress application products.MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Jan. 11, 1996--Adobe Systems Incorporated (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ADBE ADBE Adobe Systems, Inc. (stock symbol) ) today announced that negotiations for creating a new company, Luminous Corporation, to support prepress application products have concluded. Under the terms of the agreement, Luminous has acquired or licensed, and will continue to develop, market and distribute, Adobe's award winning prepress products. Adobe has an equity stake in Luminous and maintains ownership of certain core technologies for Adobe prepress products. Also, Adobe has designated Luminous as the exclusive distributor of version 1.0 of the Adobe Virtual Network product. Luminous will be primarily staffed by former Adobe prepress personnel. Financial terms of the agreement were not disclosed. "Adobe is committed to providing our customers with the technology they need to produce industry-leading printing solutions, from low end with PrintGear to high-end with our core technologies for professional, on-demand, and high-end commercial printing," stated Fred Schwedner, Adobe vice president printing and systems division. "This is a win win situation for both Adobe and Luminous customers. "As part of our strategy to realign re·a·lign tr.v. re·a·ligned, re·a·lign·ing, re·a·ligns 1. To put back into proper order or alignment. 2. To make new groupings of or working arrangements between. our resources, Adobe can focus on the development and enhancement of our core technologies in production imaging, including the prepress market. We can deliver solutions to the high-end through our OEMs, which now includes Luminous. "Luminous can focus on developing the distinctly different distribution channels required for the specific needs of customers in the prepress industry. This is a positive move for both companies." Core technology rights retained by Adobe include the trapping, imposition and OPI (Open Prepress Interface) An extension to PostScript that provides color separations. It was developed by Aldus Corporation, which was later acquired by Adobe. technology. Adobe will also retain a dedicated engineering team working on developing these core technologies and integrating them into the Adobe production imaging technologies. Luminous will consolidate product development and marketing for Adobe's prepress products at Luminous' headquarters in Seattle. Customer and technical support for ColorCentral, TrapWise, PressWise, PrintCentral, PrePrintPro, OPEN and Adobe Virtual Network version 1.0 will be provided by Luminous for North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. effective Jan. 1, 1996. Support in Europe will be provided by current distributors through January. Luminous and its distributors will provide European support beginning February 1. For more information, customers can call Luminous at 800/685-6736. The Luminous prepress products all support professional printing and publishing with Adobe PostScript. The Luminous prepress products will also be expanded to include Adobe Acrobat PDF (Portable Document Format) The de facto standard for document publishing from Adobe. On the Web, there are countless brochures, data sheets, white papers and technical manuals in the PDF format. capabilities. Adobe provides customers with high-end image setter and printing product solutions with its CPSI CPSI Computer Programs & Systems, Inc. (Mobile, Alabama) CPSI Creative Problem Solving Institute CPSI Certified Playground Safety Inspector CPSI cells per square inch CPSI Configurable PostScript Interpreter (Configurable PostScript Interpreter) technology. Luminous has licensed Adobe CPSI to develop products for the digital desktop prepress market and to expand the Adobe PostScript RIP (Raster Image Processor See RIP. Remember... try the acronym first! (application, printer) Raster Image Processor - (RIP) A device (usually hardware but can be software) that takes a Page Description Language description of a page and converts it into a bitmap for printing. ) market in the high-end printing arena. "We are looking forward to forging new territory in the high-end print production world by blending Luminous' innovative product development, delivery and support with Adobe's core technology," said Jim Betlyon, Luminous' president and chief executive officer. "Luminous will offer customers the industry leading products they are used to while developing new components for a comprehensive production environment to meet the increasingly complex technology requirements in the print publishing market." Adobe Systems Adobe Systems Incorporated (pronounced a-DOE-bee IPA: /əˈdoʊbiː/) (NASDAQ: ADBE) (LSE: ABS) is an American computer software company headquartered in San Jose, California, USA. Incorporated, founded in 1982, is headquartered in Mountain View, Calif. Adobe develops, markets and supports computer software products and technologies that enable users to create, display, print and communicate electronic documents. The company licenses its technology to major computer, printing and publishing suppliers, and markets a line of applications software and type products for authoring visually rich documents. Additionally, the company markets a line of powerful, but easy to use, products for home and small business users. Adobe has subsidiaries in Europe and the Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. serving a worldwide network of dealers and distributors. Adobe's 1995 revenue was approximately $762 million. Luminous Corporation is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. based in Seattle that develops and delivers innovative software and systems to the prepress, print production, printing and graphic arts graphic arts: see aquatint; drawing; drypoint; engraving; etching; illustration; linoleum block printing; lithography; mezzotint; niello; pastel; poster; silk-screen printing; silhouette; silverpoint; sketch; stencil; woodcut and wood engraving. industries. -0- Note to Editors: Adobe, PostScript, Acrobat, and PrintGear are trademarks of Adobe Systems Incorporated and may be registered in certain jurisdictions. CONTACT: Adobe Systems Incorporated Jennifer Polanski, 415/962-2197 http://www.adobe.com/ or Burke & Associates for Luminous Corporation Barbara Burke, 206/938-8827 bburke206@aol.com |
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