RR Donnelley Awarded $100 Million Multi-Year Extension by Verizon Wireless to Produce Statements & Other Associated Customer ...
December 02 2009 - 6:30AM
Business Wire
R.R. Donnelley & Sons Company (NASDAQ: RRD) announced
today that it has reached agreement on a $100 million multi-year
extension with Verizon Wireless. Under the terms of the agreement
RR Donnelley will use its proprietary variable digital imaging
capabilities to produce, finish and mail consumer and commercial
statements. This technology will also be used to produce customer
communications associated with the billing statements for Verizon
Wireless.
“RR Donnelley’s experience and digital printing capabilities are
a valuable resource for us,” said Ajay Waghray, Chief Information
Officer of Verizon Wireless. “Their ability to use multiple
facilities seamlessly during sometimes challenging production
windows helps to enable Verizon Wireless to deliver communications
on tight deadlines to customers who require printed information.”
Verizon Wireless, a joint venture of Verizon Communications and
Vodafone, operates the nation’s largest wireless voice and data
network, serving 89 million customers.
“We are very pleased to continue and expand our relationship
with Verizon Wireless,” said Thomas J. Quinlan III, RR Donnelley’s
President and Chief Executive Officer. “As our R&D pipeline
continues to develop and deploy patented variable imaging
innovations, RR Donnelley will be exceptionally well positioned to
help Verizon Wireless incorporate additional innovations into its
customer communications.”
About RR Donnelley
RR Donnelley (NASDAQ: RRD) is a global provider of integrated
communications. Founded more than 145 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 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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