HP and Indigo Form Broad Strategic Alliance to Co-develop Digital Production Printing Systems.Business Editors/High-Tech Writers PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif. and MAASTRICHT, Netherlands--(BUSINESS WIRE)--Sept. 14, 2000-- Deal Includes Equity Stake and OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and Agreement to Extend HP's Leadership in Printing, Imaging and Publishing Marketplaces Hewlett-Packard Company and Indigo N.V. (Nasdaq:INDG), a provider of digital color-printing systems, today announced they have formed a strategic alliance to co-develop high-end, digital color-printing systems. As part of the alliance, HP will make a $100 million equity investment in Indigo and will OEM the company's digital color-printing products. The alliance, in support of HP's printing e-services strategy, bolsters the company's ability to accelerate growth in the digital printing and publishing marketplace and expands its leadership beyond inkjet and laser printing to high-production digital 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). . Through this collaboration, customers will benefit from Indigo's Digital Offset Color technology and products and will have a broader selection of HP printing and imaging solutions from which to choose -- from personal desktop and networked appliances to production printing systems. "Our research shows that, today, more than 96 percent of printed pages are produced by commercial printers. It's a market that has yet to reap the full benefits of the digital era," said Carly Fiorina Cara Carleton "Carly" Fiorina (born Cara Carleton Sneed; September 61954 in Austin, Texas) is an American business executive, best known as former CEO (1999–2005) and Chairman of the Board (2000–2005) of Hewlett-Packard (HP). , HP president and chief executive officer. "This alliance will harness the collective power of HP's printing and imaging franchise, the technology expertise of HP Labs and Indigo's leadership in offset-quality digital printing." Under the terms of the agreement, HP and Indigo will collaborate to develop and bring to market future digital color-printing solutions. In addition, HP will OEM select products from Indigo's line of high-production digital color-printing solutions. These solutions are expected to be available in spring 2001. "No other companies can offer customers what Indigo and HP can together provide," said Benny Landa, chairman and chief executive officer of Indigo. "Our joint development efforts will combine Indigo's extraordinary Digital Offset Color printing technology with HP's exceptional manufacturing, marketing and distribution capabilities." "We believe that Indigo's high-quality, high-speed and low-cost per page, together with HP's capabilities in mass-produced easy-to-use digital color-printing systems, make a powerful combination," said Carolyn Ticknor, president of HP's Imaging and Printing Systems. "HP's embrace of Indigo technology for production color digital printing complements our strengths in inkjet and laser printing." This alliance secures advanced appliance A stand-alone hardware device or software environment dedicated to a specific task. See hardware appliance and software appliance. technology for HP that will expand the possibilities for delivering to customers a greater selection of printing e-services running on an always-on infrastructure. HP's printing e-services strategy, unveiled April 19, sets out to transform the role of printers from that of static document-delivery devices to service-delivery platforms. About Indigo Indigo N.V. (www.indigonet.com), is a leader in digital color printing systems. Indigo's Digital Offset Color technology combines the quality of ink-based offset printing with the performance advantages of electronic imaging. Its products, including its proprietary ElectroInk, provide solutions for the commercial, industrial and photographic printing the process of obtaining pictures, as on chemically prepared paper, from photographic negatives, by exposure to light. See also: Photographic markets. Indigo is headquartered in The Netherlands, with R&D and manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. in Israel. Indigo Contact Information: -- Indigo America Inc., Investor Relations -- Michael King: (781) 937-7947 -- Europe -- Bespoke Ltd. -- Ray Goodacre: +44-1737-215-200 -- USA -- Bradford & Maloney Inc. -- Martin Maloney: (203) 661-2900 -- Israel -- Wagner Grinstein Communications -- Dassi Wagner: +972-3-6966262 About HP Hewlett-Packard Company -- a leading global provider of computing computing - computer and imaging solutions and services -- is focused on making technology and its benefits accessible to individuals and businesses through simple appliances, useful e-services and an 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 infrastructure that's always on. HP has 86,000 employees worldwide and had total revenue from continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the of $42.4 billion in its 1999 fiscal year. Information about HP and its products can be found on the World Wide Web at http://www.hp.com. This news release contains 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. that involve risks, uncertainties and assumptions. The words "will,"' "OEM," "benefit," "accelerate," "enhance," "expand," "bolsters," "select," "collaborate" "develop," "bring to market," and similar words and expressions may identify forward-looking statements. These risks include the possibility that the market for the sale of digital commercial printers, solutions, consumables and services may not develop as quickly as expected; HP customers may not desire Indigo high-production digital color printing products OEMed by HP from Indigo; HP and Indigo may be unable to develop or market a family of low-cost, high-volume digital color printing systems; and other risks that are described from time to time in HP's Securities and Exchange Commission reports, including but not limited to the annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended October 31, 1999, and subsequently filed quarterly reports. If any of these risks or uncertainties materializes or any of these assumptions proves incorrect, HP's results could differ materially from HP's expectations in these statements. HP does not intend to update these forward-looking statements. In conjunction with the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, Indigo wishes to avail itself of the stated "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions and to caution readers that certain of the statements contained herein, including statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the Company's performance for the year ended December 31, 2000 and beyond, are forward-looking statements. Actual results could differ materially from those projected in forward looking statements as a result of various factors set forth in the Company's reports on Form 6-K, Form 20-F and Form F-3, filed with the Securities and Exchange Commission. Indigo does not intend to update these forward looking statements. |
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