Danka Office Imaging Chosen as Preferred Supplier for Philips Electronics North America; Agreement Includes Copiers, Faxes and Corollary Services.Business Editors ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Nov. 6, 2001 Danka Business Systems PLC (Nasdaq:DANKY) today announced an agreement with Philips Electronics 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. Corporation, a unit of Royal Philips Electronics of the Netherlands, a global leader in consumer electronics, lighting, domestic appliances domestic appliance domestic n → appareil ménager and personal care products, medical equipment, semiconductors and components. While the financial terms of the agreement were not disclosed, Danka Office Imaging will be the preferred supplier for copiers, facsimile machines, related services and consumables for Philips locations in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada and Mexico. Philips employees will be able to access a co-sponsored Danka/Philips Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the site to obtain information on equipment features and pricing. In addition, local Danka office personnel will work directly with the staff at Philips offices to create customized solutions that meet each facility's needs. "Philips selected us as much for our service and support as for our broad portfolio of office equipment," said Todd Mavis, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. for Danka's U.S. Office Imaging Strategic Business Unit. "We will work together with Philips personnel to design office imaging solutions that provide enhanced efficiency. We will also help the company migrate to a digital environment, which will improve its document production and communications capabilities." "We entered into this agreement with Danka because we believe they offered us the best solution to enable us to produce and share documents more effectively, at the lowest total cost," said George Chen, Director, NPR NPR In currencies, this is the abbreviation for the Nepal Rupee. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. Purchasing for Philips Electronics North America. "In addition, Danka has demonstrated that it has outstanding capabilities in the areas of system design and digital service and support." Over the last several years, Danka has laid a strong foundation for supporting digital platforms with its Digital Solutions Center, specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. "hands on" training programs for field sales and technical support staffs and round-the-clock customer support centers. Danka also allows customers to maximize their investment by enabling printing and publishing solutions to handle many different types of jobstreams, thanks to its DankaWare(TM) solutions. These solutions marry industry standard printing platforms with specialized software to make customers' workflows more efficient. About Philips Royal Philips Electronics of the Netherlands is one of the world's biggest electronics companies and Europe's largest, with sales of $34.9 billion (EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 37.9 billion) in 2000. It is a global leader in color television sets, lighting, electric shavers, color picture tubes for televisions and monitors, and one-chip TV products. Its 192,000 employees in more than 60 countries are active in the areas of lighting, consumer electronics, domestic appliances, components, semiconductors, and medical systems. Philips is quoted on the NYSE NYSE See: New York Stock Exchange (symbol:PHG), London, Frankfurt, Amsterdam and other stock exchanges. News from Philips is located at http://www.news.philips.com. About Danka Danka Business Systems PLC, headquartered in London, England and St. Petersburg, Florida St. Petersburg (often shortened to St. Pete) is a city in Pinellas County, Florida, United States. The city is known as a vacation destination for North American and European vacationers, as well as a politically important battleground in U.S. Presidential politics. , is one of the world's largest provider of office imaging equipment and related services, parts, and supplies. Danka provides office products and services in 29 countries around the world. For additional information about copiers, printers, and other office imaging products, visit our web site at http://www.danka.com or call 1-800-OK-DANKA (800-653-2652). Certain statements contained in this press release, including statements related to Danka's future business and financial performance, are forward-looking. Such statements reflect the current views of Danka with respect to future events and are subject to certain risks, uncertainties and assumptions that could cause actual results to differ materially from those reflected in the forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , including all statements in this release and other risks, including those identified in any of the Company's other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date they are made. |
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