Creo HyperFlex Earns 2003 GATF InterTech Technology Award.

Business Editors/High-Tech Writers

VANCOUVER, British Columbia--(BUSINESS WIRE)--July 25, 2003

Creo Inc. (NASDAQ: CREO; TSX: CRE) is proud to announce that its HyperFlex(TM) flexographic screening solution has been honored with a 2003 InterTech(TM) Technology Award from the Graphic Arts Technical Foundation (GATF). Established in 1978, this award recognizes excellence in innovative technology for the graphic communications industry. This is the ninth GATF InterTech award won by Creo.

"We are extremely pleased that HyperFlex was recognized by the GATF. This screening solution will allow packaging trade shops and converters to more successfully deliver high-impact packaging, in a streamlined and efficient way," states Mark Maldeghem, product manager for Creo packaging workflow. HyperFlex screening makes flexographic presswork more predictable, reliable and consistent. It reduces the amount of file customization and adjustments normally required to get around the unpredictable rendering of highlights. HyperFlex also brings quality benefits to the final printed package, which is of interest to packaging print buyers and consumer product companies. Several users have already expressed their positive experiences with the new technology:

"We see great potential in this new technology," says Anthony Masotti of New York Label. "Analysis of flexo plates output using HyperFlex software reveal improved halftone dot structure. The concept makes total sense-you're not just eliminating dots, you're also helping the remaining dots stay strong and durable. We expect that this technology will help us raise the quality bar even further."

"HyperFlex allows us to consider images that were once believed inappropriate for the flexo process," says Al Bowers of Banta Digital Group. "The technology allows us to lengthen vignettes without losing isolated highlight dots, and the platemaking process requires no special attention. HyperFlex saves time in file preparation as well."

Adds Bob Fischer of Precision Color Graphics, "HyperFlex provides consistent quality throughout the run, and has allowed the use of lower cell count anilox rolls and higher pigment load inks with no dot gain in the highlights, as well as no dot loss in areas of isolated minimum dots. It's a great new tool to present to print buyers and ad agencies, and the carton and corrugated industry will be interested to see the extra support HyperFlex gives screens on relief plates. We are excited to be using this technology."

Complementing Creo MaxTone(TM) screening-the hybrid AM screening solution that overcomes highlight and shadow reproduction limitations-HyperFlex software allows smaller highlight dots and reduces non-uniformities in the "FM" range of the hybrid AM highlights. The smaller dots and smoother highlights enhance the quality of flexographic printing, and eliminate the need for prepress workarounds for problematic highlight dots. These features enhance the capabilities of the flexo press, and allow printers to be more competitive, making it possible for printers to work with and capture a greater portion of the design business.

The InterTech Technology Awards will be presented on Saturday, November 15, 2003, at the La Mansion del Rio Hotel, San Antonio, Texas.

About GATF/PIA

GATF was established in 1924 to serve the graphic communications community as the leading resource for technical information and services through research and education. In 1999, GATF consolidated with the Printing Industries of America, Inc. (PIA). Founded in 1887, PIA is the world's largest graphic arts trade association representing an industry with more than 1.2 million employees and $160 billion in sales. Together GATF and PIA promote the interests of more than 13,000 member companies.

About Creo

Creo is a world leader in solutions for the graphic arts industry. Core product lines include image capture systems; inkjet proofers; thermal imaging devices for films, plates and proofs; professional color and copydot scanning systems; and workflow management software. Creo is also an Original Equipment Manufacture supplier of on-press imaging technology, components for digital presses, and color servers for high-speed, print-on-demand digital printers. Creo trades under the symbols CREO on NASDAQ and CRE on the Toronto Stock Exchange. www.creo.com.

(C) 2003 Creo Inc. The Creo product names mentioned in this document are trademarks or service marks of Creo Inc. and may be registered in certain jurisdictions. Other company and brand, product and service names are for identification purposes only and may be trademarks or registered trademarks of their respective holders. Data is subject to change without notice.

This release contains forward-looking statements within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties are described under the caption "Information Regarding Forward-looking Statements" and elsewhere in our Annual Report for the fiscal year ended September 30, 2002, as filed with the U.S. Securities and Exchange Commission and which are incorporated herein by reference. We do not assume any obligation to update the forward-looking information contained in this press release.