Scitex receives order of over $35 million in digital printing equipment -- largest in company history.DAYTON, Ohio--(BUSINESS WIRE)--February 14, 1996--Scitex Corporation Ltd. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : NM Symbol: SCIXF) announced today that its subsidiary, Scitex Digital Printing, Inc. (SDP (Session Description Protocol) An IETF protocol that defines a text-based message format for describing a multimedia session. Data such as version number, contact information, broadcast times and audio and video encoding types are included in the message. ) of Dayton, Ohio Dayton is a city in southwestern Ohio, United States. It is the county seat and largest city of Montgomery County. As of the 2005 census estimate, the population of Dayton was 158,873. USA has received a multi-million dollar order to supply print engines and other components to a major manufacturer of business forms systems located in Japan. The order, which is worth more than $35 million in sales for Scitex Digital Printing during 1996, results from a joint development effort between the US-based company and its Japanese customer. This order represents a new application for the company's technology. The systems to be delivered will be able to print 100%-variable information at speeds up to 200 meters (656 feet) per minute using 10 printheads. These will be set up for duplex (two-sided) printing with 3 colors. Whether a record to be printed consists of one page or fifteen, the complete document can be printed out in a single-pass operation, eliminating the need for pre-printed forms. This will only be possible because of the variable-length capacity of the systems being developed, which will allow as many pages as needed as needed prn. See prn order. to be printed in sequence. Yoav Chelouche, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Scitex Corporation Ltd. commented, "All of us at Scitex would like to congratulate Scitex Digital Printing, under the leadership of Dwight Johnson For the United States Army soldier and Medal of Honor recipient, see . Dwight Lyman Johnson (March 26, 1898—1972) was a politician in Manitoba, Canada. He served in the Legislative Assembly of Manitoba from 1943 to 1945. , for this significant accomplishment. This deal reaffirms Scitex's strategic investment in Scitex Digital Printing." Scitex Digital Printing Inc. is a world leader in the development, manufacture, and sale of computer-driven, high-speed digital printing systems based on patented ink-jet imaging technology. The company markets its products intentionally in Europe, North and South America, Australia, Asia and Japan and elsewhere in Asia. It has been certified by Lloyd's Register Quality Assurance to be in compliance with the ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9002 international quality standard. Scitex Digital Printing, Inc. is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Scitex Corporation Ltd. Scitex Corporation Ltd. is a world leader in digital visual information communication, for the graphic design, printing, publishing and video markets. An Israel-based multinational company, Scitex and its subsidiaries on three continents develop and manufacture a broad range of digital prepress, digital printing and digital video products. Among these are: color workstations and client servers for page assembly and retouching, catalog, packaging and newspaper prepress systems, digitizing cameras and scanners, high-quality, continuous inkjet color printers and high- speed black and white printers, imagesetters and platesetters, and digital systems for video post-production editing. Regional subsidiaries in North America, Europe, Hong Kong & Japan are responsible for distribution and customer support. CONTACT: Bharti Malkani Vice President Lippert/Heilshorn & Associates, Inc. 212-838-3777 or Company Contact: Giora Bitan Chief Financial Officer 011-972-9-597307 or Robert Nagle Director of Investor Relations Investor relations The process by which the corporation communicates with its investors. 617-280-7242 |
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