RR Donnelley and HP Plan to Create an Alliance to Develop Next-Generation Digital Printing Technology
September 10 2009 - 6:30AM
Business Wire
R.R. Donnelley & Sons Company (NASDAQ: RRD) and HP
(NYSE: HPQ) today announced that plans have been finalized to
create a technology alliance to collaborate on the development of
digital printing solutions for inkjet-based digital presses.
“RR Donnelley has long been a pioneer in the digital print
space,” said Thomas J. Quinlan III, RR Donnelley’s President and
Chief Executive Officer. “Our industry-leading position – both as
buyer and builder of world-class digital imaging equipment – makes
RR Donnelley and HP the perfect partners.”
“With the introduction of the Inkjet Web Press at Drupa last
year, we broke new ground in the analog-to-digital transformation
of the graphics industry,” said Vyomesh Joshi, Executive Vice
President, Imaging and Printing Group, HP. “As the leader in
digital printing, we are taking this transformation one step
further by collaborating with the world’s largest print service
provider to bring greater value to our customers.”
Under the proposed arrangement, RR Donnelley’s Research and
Development Center is expected to collaborate with the Inkjet
High-speed Production Solutions unit of HP to develop new digital
printing technologies. Products are planned to be sold under the HP
brand.
“We expect that the combined resources of RR Donnelley and HP
will enable the industry to move more quickly towards a future in
which digital printing provides an even greater opportunity for
product innovation and more effectively complements proven
conventional printing technologies,” said Mary Lee Schneider, Chief
Technology Officer for RR Donnelley. “We look forward to bringing
our collective talent, intellectual property and innovation to bear
on what we believe is an exciting new chapter in the ongoing
evolution of the printing industry.”
The two companies, which are working to put formal agreements in
place, initially plan to focus on the development of a Magnetic Ink
Character Recognition (MICR) printing solution. MICR printing
enables high-speed and secure reading of checks by financial
institutions. This solution would be based on HP’s inkjet printing
technology and developed by RR Donnelley for transactional,
transpromotional and direct mail applications. The companies
anticipate that the solution will be offered as an optional
component of the HP T300 Color Inkjet Web Press and be used for RR
Donnelley’s internal needs as well as offered by HP.
About HP
HP, the world’s largest technology company, simplifies the
technology experience for consumers and businesses with a portfolio
that spans printing, personal computing, software, services and IT
infrastructure. More information about HP (NYSE: HPQ) is available
at http://www.hp.com/.
About RR Donnelley
RR Donnelley (NASDAQ: RRD) is a global provider of integrated
communications. Founded more than 144 years ago, the company works
collaboratively with more than 60,000 customers worldwide to
develop custom communications solutions that reduce costs, enhance
ROI and ensure compliance. Drawing on a range of proprietary and
commercially available digital and conventional technologies
deployed across four continents, the company employs a suite of
leading Internet based capabilities and other resources to provide
premedia, printing, logistics and business process outsourcing
services to leading clients in virtually every private and public
sector.
For more information, and for RR Donnelley's Corporate Social
Responsibility Report, visit the company's web site at
http://www.rrdonnelley.com
Use of Forward-Looking Statements
This news release contains forward-looking statements that
involve risks, uncertainties and assumptions. If such risks or
uncertainties materialize or such assumptions prove incorrect, the
results of HP and its consolidated subsidiaries could differ
materially from those expressed or implied by such forward-looking
statements and assumptions. All statements other than statements of
historical fact are statements that could be deemed forward-looking
statements, including but not limited to statements of the
plans, strategies and objectives of management for future
operations; any statements concerning expected development,
performance or market share relating to products and services; any
statements regarding anticipated operational and financial results;
any statements of expectation or belief; and any statements of
assumptions underlying any of the foregoing. Risks, uncertainties
and assumptions include macroeconomic and geopolitical trends and
events; the execution and performance of contracts by HP and its
customers, suppliers and partners; the achievement of expected
operational and financial results; and other risks that are
described in HP’s Quarterly Report on Form 10-Q for the fiscal
quarter ended July 31, 2009 and HP’s other filings with
the Securities and Exchange Commission, including but not limited
to HP’s Annual Report on Form 10-K for the fiscal year ended
October 31, 2008. HP assumes no obligation and does not intend to
update these forward-looking statements.
This news release may contain "forward-looking statements" as
defined in the U.S. Private Securities Litigation Reform Act of
1995. Readers are cautioned not to place undue reliance on these
forward-looking statements and any such forward-looking statements
are qualified in their entirety by reference to the following
cautionary statements. All forward-looking statements speak only as
of the date of this news release and are based on current
expectations and involve a number of assumptions, risks and
uncertainties that could cause the actual results to differ
materially from such forward-looking statements. Readers are
strongly encouraged to read the full cautionary statements
contained in RR Donnelley's filings with the SEC. RR Donnelley
disclaims any obligation to update or revise any forward-looking
statements.
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