Avery Dennison produces latest self-stick ATM stamp under new stamp production contract; ''Peel & Stick'' stamps are the people's choice.PASADENA, Calif.--(BUSINESS WIRE)--March 20, 1995-- Avery Dennison Avery Dennison Corporation (NYSE: AVY) produces pressure-sensitive materials (such as self-adhesive labels), office products, and various paper products. R. Stanton Avery founded Avery in 1935. Avery Dennison Corporation was created in 1990 by merger of Avery and Dennison. , a worldwide leader in pressure-sensitive technology, has produced the U.S. Postal Service's latest stamp issue -- a self-adhesive 32-cent Flag Over Field postage stamp postage stamp, government stamp affixed to mail to indicate payment of postage. The term includes stamps printed or embossed on postcards and envelopes as well as the adhesive labels. that can be dispensed from ATM machines (Automatic Teller Machine machine) A banking terminal that accepts deposits and dispenses cash. ATMs are activated by inserting a cash or credit card that contains the user's account number and PIN on a magnetic stripe. . The new stamp was issued Friday, March 17, in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . ``The convenience and ease of no-lick postage stamps This is a list of postage stamps that are especially notable in some way. The best-known stamps:
The Peel & Stick stamp represents the first delivery order of a $5 million production contract that was awarded to Avery Dennison in December 1994 by the U.S. Postal Service The U.S. Postal Service (USPS) processes and delivers mail to individuals and businesses within the United States. The service seeks to improve its performance through the development of efficient mail-handling systems and operates its own planning and engineering programs. (USPS (1) (Uninterruptible Switching Power Supply) A power supply for a computer that contains its own battery and uninterruptible power supply (UPS) circuitry. See power supply and UPS. ). Under the contract, the Company will be the sole supplier of pressure-sensitive ATM stamps over a period of two years, with two one-year renewal options. Calling Peel & Stick stamps the ``stamps of the future,'' the USPS will produce more than 6.8 billion self-adhesive stamps A self-adhesive stamp is a postage stamp with a type of gum that does not require moistening in order to adhere to paper. They are usually issued on backing paper. They were first issued in the 1960s, by such tropical climates as Sierra Leone and Tonga in an attempt to avoid this year, nearly a 200 percent increase over the 2.4 billion produced in 1994. Avery Dennison's contract to produce ATM stamps supports the USPS's response to the American public's growing demand for Peel & Stick stamps over the counter and at selected ATMs across the country. The Flag Over Field stamp is issued in sheets of 18 stamps that are the size and thickness of U.S. paper currency. The dispensing of stamps through ATMs gives bank customers the convenience of purchasing stamps directly from their ATMs and deducting the cost of the stamps automatically from their bank accounts. The stamp sheets are currently available at more than 2,000 bank ATM machines across the country, and the number of participating ATMs is increasing monthly. The ATM stamp production contract is the result of many years of cooperative stamp development activities between Avery Dennison and the USPS. The Company has produced more than a dozen self-adhesive stamp issues for the USPS since 1974, when Avery Dennison produced the United States' first pressure-sensitive holiday stamp. The Company's involvement in the creation of the ATM stamp began in late 1988 when the USPS sought Avery Dennison's expertise in developing a new type of postage stamp -- one that could stick without moisture -- and applying its research and development capabilities to the mechanical workings of ATMs, which were designed exclusively to dispense paper currency. In addition, the stamps had to meet USPS requirements for print quality and mail- stream processing For other uses, see Event Stream Processing. Stream processing is a relatively new, yet quite successful paradigm to allow parallel processing at never-before-seen efficiency with minimal effort. and the archival needs of stamp collectors. Last year, Avery Dennison was awarded a three-year $14 million contract by the USPS to produce pressure-sensitive gravure-printed postage stamps, the USPS's largest single order for self-adhesive stamps. Also last year, Avery Dennison was awarded the USPS's Quality Supplier Award for 1993. Avery Dennison, based in Pasadena, makes self-adhesive materials, tapes and labels, office products, tags, retail systems and specialty chemicals. Consumer brands include AVERY office labels, indexes, binders and software, MARKS-A-LOT and HI-LITER markers, and FASSON self-adhesive materials for industrial markets. The Company has 15,400 employees in 200 manufacturing facilities and sales offices in 25 countries. CONTACT: Avery Dennison, Pasadena Joyce M. Pulver, 818/304-2120 (media relations) Wayne H. Smith, 818/304-2001 (investor relations Investor relations The process by which the corporation communicates with its investors. ) |
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