Lexmark introduces groundbreaking new color, multifunction and monochrome solutions; New products make processing information faster, easier and more affordable.

Business Editors & Technology Writers

LEXINGTON, Ky.--(BUSINESS WIRE)--Oct. 29, 2001

Lexmark International, Inc. (NYSE: LXK) today announced a new range of office devices and solutions that will change the way businesses print, move and manage information, while offering the opportunity to significantly reduce costs. The new Lexmark C750 and C910 color printers and powerhouse E320 and E322 monochrome laser printers offer new levels of affordability to bring high performance printing closer to users. The Lexmark X820e multifunction device with its innovative user interface can help convert the often-slow management of information into streamlined workflow processes at the touch of a finger.

"Despite predictions to the contrary, information in both hardcopy and digital form has continued to explode in the office environment," said Paul Rooke, Lexmark vice president and president of its Printing Solutions and Services Division. "Our customers continue to tell us that they want better ways of moving and managing this information. In terms of document workflow, information continues to live in a restricted world. From invoices and shipping documents to spreadsheets and memos to labeling and forms, a business is often at the mercy of its network's capability to seamlessly integrate the movement of information from hardcopy form to digital form and back."

According to Rooke, Lexmark, with its singular focus on printing and related document workflow processes, is uniquely positioned to offer solutions to enterprises (both large and small) that are seeking to improve their business activities. "The color and multifunction products introduced today deliver an array of unique capabilities and have a price/performance proposition that is superior to comparable devices," he said. "With the products in this announcement alone, Lexmark lowers the barriers for businesses of all sizes wanting high speed color, small footprint/high performance monochrome printing, and the powerful flexibility of a multifunction device to simplify increasingly complex workflow processes."

The Impact of Color

With the introduction of the new Lexmark C750 and C910, businesses can now affordably have the impact of color (something they have long coveted) with the speed and the ease of use of a monochrome workgroup printer.

Designed for workgroups, the Lexmark C750 flies through jobs at a stunning 20ppm in both monochrome and color and features 1,200 x 1,200 dots per inch (dpi) resolution. Boasting the latest in single pass technology developed by Lexmark, the C750 is now the fastest letter-sized (8 1/2"x11") color printer in the world. It can effectively replace all other workgroup printers within an enterprise by providing clear black and white text, rich color, low printing costs and, at under $3,000, an incomparable price performance.

The Lexmark C910 supports 11"x17" printing and offers speeds of 28 ppm in both color and monochrome and produces exceptional color quality using 2400 Image Quality. To buy a printer with color output rated at more than 28 ppm a company would have to spend over $80,000 - a full 20 times more than the sub-$4,000 retail price of the Lexmark C910. To reduce the cost of color printing, both products also provide toner saver modes and can be equipped with expanded paper handling capabilities such as duplex, stapling, hole punching and offset stacking.(b)

"Companies have asked us to bring them color, with speed and reliability, at a price even small offices can afford," noted Rooke. "These products have redefined the color space by delivering on all these fronts."

The Flexibility and Convenience of MFPs

Just as distributed printing - the process by which documents are distributed digitally and then printed on demand - has enhanced the sharing of information, so too have MFPs rewritten the rules on office efficiency.

Lexmark's new X820e, with its network-centric printer foundation and color touch-screen interface, is a 45 ppm MFP that reduces hardcopy output costs and improves document workflow. The Lexmark X820e integrates into an enterprise's directory and allows users to securely fax or email hardcopy documents to multiple destinations. When combined with Lexmark Document Distributor, a flexible document distribution application, one can automate manual processes and integrate paper and digital document workflow to optimize productivity and reduce costs.

"With the introduction of these powerful new solutions, Lexmark has continued its leadership position in the enterprise MFP space," said Rooke.

Powerhouse Monochrome Lasers

Entry monochrome laser printers are providing higher performance at lower costs and have become popular choices among businesses, students and home users. The new Lexmark E320 and E322 with print speeds up to 16 ppm, are the highest-performing monochrome laser printers under $400(a).

Detailed information about all of the printers and applications included in today's launch can be found at http://www.lexmark.com/octannounce.

Pricing and availability

Lexmark's E320, E322, X820e and Lexmark Document Distributor v. 2.0 are available immediately from authorized Lexmark solution providers and at www.lexmark.com. The Lexmark C750 and C910 color printers will be available beginning on Nov. 12, 2001.

Color printers  Price(a)   Monochrome printers       Price(a)

C910            $3,999(a)  E320                      $299(a)
C910n           $4,999(a)  E322                      $399(a)
C910dn          $6,249(a)  E322n                     $599(a)


C750            $2,999(a)  Multifunction Solutions
C750n           $3,399(a)  X820e MFP                 $12,999(a)
C750dn          $4,899(a)  Lexmark Document
                            Distributor v. 2.0       $ 3,499(a)

Lexmark International, Inc. is a leading developer, manufacturer and supplier of printing solutions -- including laser and inkjet printers, associated supplies and services -- for offices and homes in more than 150 countries. Founded in 1991, Lexmark reported more than $3.8 billion in revenue in 2000, and can be found on the Internet at www.lexmark.com.

Lexmark and Lexmark with the diamond design are trademarks of Lexmark International, Inc., registered in the U.S. and/or other countries. All other trademarks are the property of their respective holders. (a) These U.S. street prices are estimates; actual prices may vary. (b) Stapling, hole punching and offset stacking are provided in a finisher option which will be available in March 2002.