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COLOR, DIGITAL TECHNOLOGIES DRIVE NEW XEROX OFFERINGS: EIGHT PRODUCTS FUEL OFFICE TRANSFORMATION

 COLOR, DIGITAL TECHNOLOGIES DRIVE NEW XEROX OFFERINGS:
 EIGHT PRODUCTS FUEL OFFICE TRANSFORMATION
 "Another step in our march to create, capture, and lead
 the vast and valuable global document market."
 NEW YORK, Sept. 15 /PRNewswire/ -- Xerox Corporation (NYSE: XRX), fueling a transformation in the office, today introduced eight products that embody the company's resolve to more rapidly deliver world-class digital and color technologies to the marketplace.
 Today's announcement builds on three industry-landmark products Xerox has introduced over the past two years: the DocuTech Production Publisher, the world benchmark in digital reprographics; the Xerox 5100, a made-in America copier that has become the most successful high-end product in Japan; and the Xerox 5775, the fastest and most productive full-color digital copier on the market.
 The eight new products include the only networked full-color digital page printer, designed to infuse office documents with the impact of color; two members in a new family of high-speed PostScript-compatible printers that leapfrog the competition -- including a model with the industry's fastest highlight-color capability; a lower-volume member in the DocuTech family that will carry the proven productivity of digital production publishing to a growing number of customers; and a product that enables high-volume printing of PostScript-compatible documents by existing Xerox data-center laser printers.
 "These products expand what already is the widest, the deepest, the richest array of offerings available in the marketplace," said Paul A. Allaire, Xerox chairman and chief executive officer. "Today is another proof point -- another step in our march to create, capture, and lead the vast and valuable global document market."
 The announcement focuses on a transformation driven by an infusion of digital and color technologies in the office.
 "Digital and color technologies are catalysts that release the power embedded within one of the most important communications tools in history -- the document," Allaire said. "And these new offerings demonstrate that Xerox is listening to customers, working with customers and delivering solutions that help our customers become more productive." AGENTS OF CHANGE
 Last year, for the first time, the number of pages generated by digital devices substantially exceeded those produced on traditional light-lens copiers. Xerox predicts that by 1996, 2.7 trillion documents -- including 13 billion color pages -- will be printed annually by machines based on digital technology.
 "For business, these products dawn as agents of change," said David R. Myerscough, president, United States Customer Operations. "They fuse the productivity benefits of computer networks with high-value features -- such as color and graphics -- allowing our customers to create more effective documents with greater speed and efficiency.
 "Xerox now offers the broadest family of digital publishing and printing devices for 'print-on-demand' applications. We are leapfrogging the competition, delivering more power than the rest of the industry combined, more power in terms of functionality, productivity and versatility," Myerscough said. EIGHT NEW PRODUCTS
 Xerox 4700 Color Document Printer: the industry's first and fastest full-color networked laser printer, enabling a color digital printing capability for shared users throughout an enterprise. The 4700 prints full-color documents at an industry benchmark of 7-1/2 pages per minute and black-and-white documents at up to 30 pages per minute.
 The DocuPrint Publishing Series: the first two members in this new family of high-speed, PostScript-compatible printers are the Model 350- HC and Model 390. DocuPrint products manage, process and print documents created on the desktop using PostScript, at production-level speeds ranging up to 92 pages per minute.
 - Model 350-HC, at up to 50 pages per minute, is the fastest
 highlight color PostScript-compatible printer available.
 - Model 390 delivers the fastest "first-set-out" performance in the
 PostScript printer market.
 DocuTech Model 90: the first document machine that delivers advanced, digital publishing capabilities to a wider audience of customers, striking an attractive price and performance balance for lower-volume applications. In stand-alone and network versions, DocuTech Model 90 produces high-resolution documents at up to 92 pages per minute.
 DocuTech Extended Storage: an option that provides virtually unlimited capacity to move and store print-ready documents for production on the DocuTech Publishing Series.
 Production PDL Option (PPO): this product leverages customers' investments in existing data-center laser printers by enabling Xerox 4050, 4650 and 4090 printers to accept and produce PostScript documents from networks, while concurrently processing traditional data streams from a mainframe computer or magnetic tape.
 Xerox 5053 Copier: an evolutionary mid-volume, "workhorse" copier that produces 53 copies per minute, and features better paper handling of originals, enhanced finishing capabilities and quieter machine operation.
 Xerox 7041 Facsimile Terminal: a feature-rich, plain-paper, laser- based machine that provides optimum total-cost-of-ownership and transmits a standard business page in as little as six seconds. It is designed for mid-volume fax environments. PRICING AND AVAILABILITY
 Xerox 4700 Color Document Printer: Commercial list price is $43,665, fully configured, PostScript compatible. Available in October, 1992.
 DocuPrint Model 350-HC: Commercial list price is $155,000 for the basic configuration. Order-taking begins in October, 1992; installations begin in the first quarter of 1993.
 DocuPrint Model 390: Commercial list price is $190,500 for the basic configuration. Order-taking begins in October, 1992. Installations begin in the fourth quarter of 1992.
 DocuTech Model 90: Commercial list price ranges from $160,000 to $218,500, depending on stand-alone or network configuration. Order- taking and installations begin in the United States, Canada and Europe in the first half of 1993.
 DocuTech Extended Storage: Commercial list price is $45,000 with tape drive; optical disk drive is available as an option. Limited order-taking and installations begin by the end of the year in cities across the United States, Canada and Europe. Expanded order-taking and installations begin in the first quarter of 1993.
 Production PDL Option (PPO): Commercial list price is $42,000 as an option or the Xerox 4050; and $47,000 as an option for the Xerox 4650 or Xerox 4090. Available in October, 1992.
 Xerox 5053 Copier: Commercial list price is $19,995 for the RDH/Finisher configuration. Order-taking begins in October, 1992.
 Xerox 7041 Facsimile Terminal: Commercial list price is $3,395. Order taking begins immediately with customer shipments beginning September 21, 1992.
 -0- 9/15/92
 /CONTACT: Bob Wagner, or John Rasor, both of Xerox Corporation, 212-826-0130 on Sept. 15; after Sept. 15, Bob Wagner of Xerox Corporation, 716-423-1320/ (XRX) CO: Xerox Corporation ST: New York IN: CPR SU: PDT


BM -- CL001 -- 9523 09/15/92 10:05 EDT
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