Imation Showcases New Line of Digital Devices at PCExpo 2001; New Handheld Devices Ideal for Music and Digital Photography Applications.Business Editors & Technology Writers NEW YORK--(BUSINESS WIRE)--June 26, 2001 Imation Corp. (NYSE NYSE See: New York Stock Exchange :IMN IMN Iraqi Media Network IMN Indicated Mach Number IMN Inter Member Network IMN Infectious Mononucleosis IMN Invisible Moose Network (website) IMN Illegal Macro Name IMN Internet Marketing Newsletter ), a worldwide leader in data storage and information management, today announced it will showcase a new line of hand-held, portable digital devices at PCExpo 2001 in Booth No. 3322, including the Imation RipGO!(TM), FlashGO!(TM) and DataPlay devices. The devices build on Imation's growing line of portable personal storage solutions developed to meet the demand of personal entertainment devices that support smaller form factor storage offerings. "Digital music and photography enthusiasts are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. smaller and more functional devices, without sacrificing removable storage capacity," said Stephen Carter, general manager of Imation's Personal Storage Solutions business. "Imation is at the forefront of this movement with offerings in consumer devices that offer greater portability and compatibility among today's smaller media formats." Designed to fit in the palm of your hand, the Imation RipGO! is the smallest form factor available today for both recording MP3 music on CDs and for high-performance playback of CD, Digital Audio MP3 and Microsoft's WMA (Windows Media Audio) An audio compression method from Microsoft. Known originally as MSAudio, this proprietary format competes with the MP3 and AAC methods. WMA encodes rapidly and is known to be especially effective at low bit rates. . Its sleek, battery-powered USB USB in full Universal Serial Bus Type of serial bus that allows peripheral devices (disks, modems, printers, digitizers, data gloves, etc.) to be easily connected to a computer. CD-RW (CD-ReWritable) The only rewritable CD technology. CD-RW disks look like other CD media, but with close inspection, they have a more polished surface with a very dark blue-gray cast. drive uses mini (80mm) CD-R (CD-Recordable) A writable CD technology using a type of compact disc that can be recorded, but not erased (CD-Rs are "write once" discs). CD-R discs are used to master CD-ROMs, to back up data and to make copies of data for distribution. discs to store and play MP3 music files - allowing users to record three hours of MP3 quality music in less than five minutes. With multi-format audio capabilities, this drive has a playing time of three hours CD quality or six hours digital quality music. Featuring its ESP (1) (Enhanced Service Provider) An organization that adds value to basic telephone service by offering such features as call-forwarding, call-detailing and protocol conversion. system, large LCD display and an advanced AVSL AVSL Association of Vision Science Librarians system, the RipGO! is ideal for music enthusiasts at home or on the GO! The Imation RipGO! will be available in September at a manufacturer's suggested retail price of $399.99 (actual pricing may vary). The Imation FlashGO! is the world's first USB single-slot flash memory card reader/writer that supports all five flash memory card formats, including Compact Flash (Type I and II), Smart Media, Multimedia Card, Secure Digital, and Memory Stick, as well as IBM's Microdrive. This bus-powered device allows multi-device owners to rely on one reader/writer for all of their memory card digital information download and upload needs. FlashGO! features the ability to adapt to future miniature storage formats, making it ideal for users who own multiple products with different storage memory card formats. FlashGO! will be available in August 2001 with a manufacturer's suggested retail price of $79.99. Imation will also showcase two DataPlay-enabled devices. Imation DiscGO! is a portable DataPlay device with USB connectivity that provides the exchange of digital content between multiple memory card formats and Imation DataPlay digital media without the use of a PC. The Imation USB DataPlay Recorder/Player provides stylish connectivity for PCs - allowing users to read and write personal content as well as play and view pre-recorded content from DataPlay digital media. Imation DataPlay digital media is designed to let users download and record 500MB of digital content - music, books, games, computer files - on a single disc and play it back on any DataPlay-enabled device, such as DiscGO!. A single Imation DataPlay digital media disc is capable of holding a staggering amount of information, whether it's hours of music, hundreds of photographs or volumes of written information, all with an estimated archival life of 100 years. DiscGO! is slated for commercial availability in Q4 2001. About Imation Corp. Imation Corp. is a $1.2 billion global company widely recognized as a leader in removable data storage and color image A (digital) color image is a digital image that includes color information for each pixel. For visually acceptable results, it is necessary (and almost sufficient) to provide three samples (color channels management. Imation removable data storage offerings are a key ingredient in much of the world's technology infrastructure - from corporate data centers, to networks, to small businesses and home users. The product line is one of the broadest in the industry, with magnetic and optical products for the enterprise data center, the network environment, and the consumer. For business users, Imation magnetic tape cartridges deliver reliable data storage in data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a , backup and archive applications. Imation's storage consulting services help customers to improve performance, maximize efficiency, and minimize cost for a multitude of storage environments. Consumers use Imation's broad range of digital media, drives and accessories to store photos, data, music and more. On its own and through industry alliances, Imation continues to pioneer today's proven tape, optical and diskette The official name for the floppy disk. See floppy disk. diskette - floppy disk technologies. Data storage revenues were $866 million in 2000. Imation Color Technologies provides innovative proofing products, software for digital color control and value-added services that reduce cycle times and increase throughput for the graphic arts graphic arts: see aquatint; drawing; drypoint; engraving; etching; illustration; linoleum block printing; lithography; mezzotint; niello; pastel; poster; silk-screen printing; silhouette; silverpoint; sketch; stencil; woodcut and wood engraving. , creative, marketing communications Marketing communications (or marcom) are messages and related media used to communicate with a market. Those who practice advertising, branding, direct marketing, graphic design, marketing, packaging, promotion, publicity, sponsorship, public relations, sales, sales , office and Internet markets. Building upon its industry-standard Matchprint proofing system, Imation now offers a wide range of digital and conventional Matchprint-branded systems to help professionals ensure accurate color reproduction from concept to final output. Imation works with a growing number of industry partners to embed its color calibration technology in 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 printing and copying devices. Color Technologies revenues were $273 million in 2000. Imation Digital Solutions and Services (DSS (1) (Digital Signature Standard) A National Security Administration standard for authenticating an electronic message. See RSA and digital signature. (2) (Digital Satellite S ) is focused in two areas - OEM Services and Document Imaging. Imation DSS services wide-format color and imaging equipment through relationships with large OEMs. In Document Imaging, Imation DSS is a system integrator for customers with wide-format engineering document imaging systems who are migrating from analog to digital systems. DSS revenues were $94 million in 2000. As of March 31, 2001, Imation employed approximately 4,200 people worldwide. The Company has sales in over 60 countries with international revenues contributing 45% of total sales. Additional information about Imation is available on the Company's website at http://www.imation.com, or by calling Imation at 1.888.466.3456. To receive recent news releases, corporate information and related shareholder services, call Imation's shareholder information line at 1.888.IMN.NYSE (1.888.466.6973). Certain information contained in this news release which does not relate to historical financial information may be deemed to constitute forward-looking statements within the meaning of 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. Such statements are subject to certain risks and uncertainties that could cause the Company's actual results in the future to differ materially from its historical results and those presently anticipated or projected. Among these factors are the Company's ability to meet its cost reduction and revenue growth targets, its ability to implement its restructuring program on a timely basis and to achieve the projected benefits, its ability to introduce new offerings in a timely manner, the competitive pricing environment, foreign currency fluctuations, the ability of Imation to secure adequate supply of certain high demand products, the ready availability and price of energy, the market acceptance of newly introduced product and service offerings, the rate of decline for certain existing products as well as various factors set forth in the Company's filings with the Securities and Exchange Commission. |
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