Datametrics Corp. introduces CYMax 3240 high-speed digital color printer.WOODLAND HILLS, Calif.--(BUSINESS WIRE)--June 27, 1995--Datametrics Corp. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :DC) Tuesday introduced its new CYMax 3240 high-speed digital color printer A printer that prints in color using three (CMY) or four (CMYK) colors of ink, toner or dye. Four color ribbons have been used in dot matrix printers, but these are rare today. See color laser printer and printer. at the On-Demand Conference 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. , which will be held through June 29 at the Jacob Javits Center. The CYMax 3240 is based upon proprietary technology developed by Datametrics named Concurrent Transfer Imaging (CTI (Computer Telephone Integration) Combining data with voice systems in order to enhance telephone services. For example, automatic number identification (ANI) allows a caller's records to be retrieved from the database while the call is routed to the appropriate party. ), which is capable of producing up to 20 full-color, high-resolution, full-page images per minute. The printer can be programmed to cut all sizes of paper, from standard to banner of virtually any length, all in the same job. The CYMax is primarily targeted at the short-run print production markets, which include pay-for-print establishments and in-plant printing operations. Primary applications for the printer include business presentations, overhead transparencies, signage, banners, brochures and more. Datametrics has obtained two patents on the technology, and has 23 other patents pending. Sidney E. Wing, president and chief executive officer of Datametrics, said: ``The CYMax delivers higher speeds and greater reliability at significantly lower operating cost than other short-run color printing “colour separation” redirects here. For other uses, see colour-separation overlay. Color printing is the reproduction of an image or text in color (as opposed to simpler black and white or monochrome printing). solutions on the market today. ``It is the simplicity of our design that provides an estimated 200,000 pages between service calls, compared with 2,000 to 3,000 for competing technologies, which results in lower overall maintenance costs. ``We recently signed a worldwide distribution agreement with A.B. Dick Company to market the line of CYMax products under the A.B. Dick brand name,'' he added. ``We also signed a multi-year agreement with IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) to provide worldwide product maintenance services for our family of CYMax high-speed color printers.'' Recently, the company received net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). of approximately $16.7 million from a secondary offering of 2.3 million shares of Datametrics common stock, which includes the exercise of an over- allotment A portion, share, or division. The proportionate distribution of shares of stock in a corporation. The partition and distribution of land. ALLOTMENT. Distribution by lot; partition. Merl. Rep. h.t. of 300,000 shares. The offering was underwritten by Pennsylvania Merchant Group Ltd. and Cruttenden Roth Inc. Datametrics is a 32-year-old producer of computer peripherals and communications products for industrial, commercial and governmental markets. The company is primarily engaged in the design, development, manufacture and sale of high-speed color printers, high-resolution non-impact printer/plotters and ruggedized computers, printers and workstations. CONTACT: Datametrics Corp. Sidney E. Wing, 818/598-6200 or Silverman Heller Associates Eugene G. Heller, 310/208-2550 |
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