19 Aug 2019

PrintIT! Introduces New Chairman to Spearhead Initiative through the Coming Year

Wayne Barlow Printit Chairman

PrintIT! has today announced that Wayne Barlow, Director-Professional Print of Canon UK has been named as the new Chairman of PrintIT!  Wayne takes over the chairmanship from George Clarke, Managing Director of Heidelberg UK and President of Ipex 2010, who has held the post for the past year.  The handover took place at a special sponsors and supporters reception, held after the PrintIT! Awards Ceremony during Ipex 2010.

Canon UK has been a sponsor of PrintIT! since its inception back in 2005, and in addition to the ongoing support of his organisation, Wayne is passionate about the cause of attracting creative young talent to the industry, and is keen to lend his own personal commitment to the future success of the project.

Wayne Barlow himself admits he has some ‘big boots to fill’, taking over as Chairman from George Clarke and comments, “I have strongly admired the achievements of PrintIT! over the past five years, and now more than ever, we need to come together in arms to continue to support this initiative and ensure it continues to evolve into something even greater.  Every printer and print-related business in the UK has a role to play in PrintIT!, and I want to encourage everyone not only to get behind PrintIT!, but to play an active role in its future - to find an industry friend, partner or customer and get them signed up to the Twinning Programme and interacting with their local participating school.”

He continues, “If the industry in the UK is to survive and maintain its competitive edge in the future, we need to look to this exciting talent pool and encourage these youngsters to channel their abilities into a career in print, be it technical, creative or even sales and commercial related areas.  We only have to look back at some of the greatest inventions of the 21st century, namely the internet, email and social media, to see the impact that such creative young talent can have on business.”

Wayne also used the Ipex Awards Ceremony to present the overall winner of PrintIT! 2010, Daniel Smith from St Ives School in Cornwall, with an expenses paid, overnight trip to Paris in the Autumn, to attend Canon Expo 2010 courtesy of Canon UK.  Daniel, will be accompanied by a teacher, parent, Best Twinner, Vario Print and a representative from Proskills, to attend the show which takes place every five years, and ‘take a look into the future of imaging’ by seeing the Canon’s future technologies covering medical, broadcasting, consumer, business and print related solutions

“We’re delighted that Wayne has accepted the role of Chairman of PrintIT!, adds Terry Watts, Chief Executive of Proskills.  “Wayne’s continued support of the initiative, and his personal drive and passion will give a tremendous boost and momentum to PrintIT! as he lends a positive voice of encouragement to the industry to come on board.  I would also like to take this opportunity to thank George Clarke for all his work over the past year.  And, once again, I want to reiterate our thanks to the whole industry for its continued support, especially during some challenging times, and look forward to planning our sixth successive PrintIT! competition for the forthcoming academic year.”

 

Océ, via Canon, refinances debt

Oce Logo

Océ, through Canon Inc., refinanced both the multicurrency revolving credit facilities and the United States Private Placements. The intent of Canon and Océ to refinance Océ's debt has been announced on various occasions prior to the completion of Canon's offer on Océ's ordinary shares.

The refinancing does not include financial covenants or commitment fees and is at more favorable interest margins than the aforementioned facilities.

As a consequence of the refinancing, Océ's second quarter earnings will include EUR 40 million one-off finance expenses. In addition, as a consequence of the change of control, also other substantial one-off items will be recorded in Océ's quarterly earnings.

HP reports strong Q2 across the company

Hp300

HP today announced financial results for its second fiscal quarter ended April 30, 2010, with net revenue of $30.8 billion, up 13% from a year earlier including a favorable currency benefit of four percentage points.

In the second quarter, GAAP diluted earnings per share (EPS) was $0.91, up from $0.71 in the prior-year period. Non-GAAP diluted EPS was $1.09, up from $0.86 in the prior-year period. Non-GAAP financial information excludes after-tax costs of approximately $0.18 per share and $0.15 per share in the second quarter of fiscal 2010 and 2009, respectively, related primarily to the amortization of purchased intangibles, restructuring charges and acquisition-related charges.

"HP had an exceptional quarter with strong performance across every region," said Mark Hurd, HP chairman and chief executive officer. "We've built the best portfolio in the industry, and our customers are responding. We're winning in the marketplace, investing for the future and confident in the enormous opportunity that lies ahead."

Information about HP's use of non-GAAP financial information is provided under "Use of non-GAAP financial information" below. Unless otherwise noted, all growth rates included in the narrative below reflect year-over-year comparisons.

Second quarter revenue was up 11% in the Americas to $13.5 billion. Revenue was up 11% in Europe, the Middle East and Africa and up 19% in Asia Pacific to $11.8 billion and $5.5 billion, respectively. When adjusted for the effects of currency, revenue was up 9% in the Americas, up 7% in Europe, the Middle East and Africa and up 10% in Asia Pacific. Revenue from outside of the United States in the second quarter accounted for 66% of total HP revenue, with revenue in the BRIC countries (Brazil, Russia, India and China) increasing 25% while accounting for 10% of total HP revenue.

"HP drove double-digit revenue growth and improving profits, contributing to our twentieth consecutive quarter of year-over-year operating margin expansion," said Cathie Lesjak, HP executive vice president and chief financial officer. "With the improving demand environment, we are accelerating investments for growth while raising our full-year outlook."

 

Services

Services revenue increased 2% to $8.7 billion. Infrastructure Technology Outsourcing revenue increased 6%, while revenue in Technology Services and Business Process Outsourcing were roughly flat year over year. Application Services revenue was down 2% versus the prior-year period. Operating profit was $1.4 billion, or 15.9% of revenue, up from $1.2 billion, or 13.8% of revenue, in the prior-year period.

 

Enterprise Storage and Servers

Enterprise Storage and Servers (ESS) reported total revenue of $4.5 billion, up 31%. Industry Standard Server revenue increased 54%, while Storage revenue increased 16% with the midrange EVA product line up 3%. Business Critical Systems revenue declined 17%, while ESS blade revenue was up 45%. Operating profit was $571 million, or 12.6% of revenue, up from $250 million, or 7.2% of revenue, in the prior-year period.

 

HP Software

HP Software revenue declined 1% to $871 million. Business Technology Optimization revenue increased 3%, and Other Software revenue decreased 8%. Operating profit was $162 million, or 18.6% of revenue, up from $157 million, or 17.8% of revenue, in the prior-year period.

 

Personal Systems Group

Personal Systems Group (PSG) posted a 20% increase in unit shipments and maintained the leading market share position in PCs worldwide. PSG revenue increased 21% to $10.0 billion. Notebook revenue for the quarter was up 17%, while Desktop revenue increased 27%. Commercial client revenue was up 19%, while Consumer client revenue increased 25%. Operating profit was $465 million, or 4.7% of revenue, up from $378 million, or 4.6% of revenue, in the prior-year period.

 

Imaging and Printing Group

Imaging and Printing Group (IPG) revenue increased 8% to $6.4 billion. Supplies revenue was up 6%, while Commercial hardware revenue and Consumer hardware revenue increased 13% and 16%, respectively. Printer unit shipments increased 9%, with Commercial printer hardware units down 8% and Consumer printer hardware units up 15%. Operating profit was $1.1 billion, or 17.2% of revenue, versus $1.1 billion, or 18.2% of revenue, in the prior-year period.

 

Corporate Investments

ProCurve revenue increased 31%, and HP Networking overall increased 58% year-over-year including the impact of the 3Com acquisition.

 

HP Financial Services

HP Financial Services (HPFS) revenue increased 18% to $755 million. Financing volume increased 20%, and net portfolio assets increased 21%. Operating margin was 9.1%, up from 7.2% in the prior-year period.

 

Asset management

HP generated $3.1 billion in cash flow from operations for the second quarter. Inventory ended the quarter at $6.4 billion, flat year over year in days of inventory. Accounts receivable of $14.8 billion was down 5 days year-over-year. Accounts payable ended the quarter at $13.4 billion, up 2 days over the prior-year period. HP's dividend payment of $0.08 per share in the second quarter resulted in cash usage of $196 million. HP also utilized $1.8 billion of cash during the quarter to repurchase approximately 35 million shares of common stock in the open market. HP exited the quarter with $14.3 billion in gross cash.

 

Outlook

For the third quarter of fiscal 2010, HP estimates revenue of approximately $29.7 billion to $30.0 billion, GAAP diluted EPS in the range of $0.87 to $0.89, and non-GAAP diluted EPS in the range of $1.05 to $1.07. Third quarter fiscal 2010 non-GAAP diluted EPS estimates exclude after-tax costs of approximately $0.18 per share, related primarily to the amortization of purchased intangibles, restructuring charges and acquisition-related charges.

HP expects full year fiscal 2010 revenue growth of approximately eight to nine percent. HP expects full year fiscal 2010 GAAP diluted EPS to be in the range of $3.76 to $3.81, down from its previous estimate of $3.79 to $3.86, and non-GAAP diluted EPS to be in the range of $4.45 to $4.50, up from its previous estimate of $4.37 to $4.44. Full year fiscal 2010 non-GAAP diluted EPS estimates exclude after-tax costs of approximately $0.69 per share, related primarily to the amortization of purchased intangibles, restructuring charges and acquisition-related charges.

The non-GAAP diluted EPS estimates for both the third quarter and the full year fiscal 2010 include the expected dilution associated with the proposed acquisition of Palm, Inc. that HP announced on April 28, 2010. However, HP has not included any revenue associated with the Palm acquisition in its revenue outlook for either the third quarter or the full year fiscal 2010.

GMG partners with Roland DG for high-quality mockup production and proofing applications in the packaging sector

Lec 330

GMG, the world's leading color management solutions provider, and Roland DG, a leading worldwide provider of large format inkjet printers and printer/cutters for professional large format graphics, are excited to announce their global partnership, enabling special high quality packaging applications such as the production of color-accurate mockups on original substrates as well as proofing applications.

The strategic partnership comprises the development of a printer driver by GMG for the Roland VersaUV LEC-330 printer, which is supported by the GMG ColorProof proofing solution. GMG ColorProof and GMG FlexoProof/DotProof will be available shortly for the Roland VersaUV LEC-330 printer for high quality contone and halftone proofing applications. The GMG printer driver brings perfect color accuracy and repeatability on a wide range of substrates to the packaging market. Therefore, GMG customers can easily integrate the LEC-330 in their existing proofing workflows with GMG ColorProof. In the same way, Roland customers can maximize the performance of their large format printer.

The combination of the comprehensive capabilities of the LEC-330 with GMG's award winning proofing technology and high level of automation provides an unrivalled platform to produce cost-effective packaging proofing at a finished-product standard.

GMG ColorServer, the color management solution for color conversions, and SmartProfiler for the creation of color profiles as well as large format printer calibrations, are available for all Roland large format printers. This common solution allows users to achieve highest color accuracy, repeatability and color consistency for packaging mockups on original substrates. It is possible to print spot varnish, white ink, cut, crease and more on the actual output stock.

Tigerprint, the Hallmark UK subsidiary which produces greetings cards products exclusively for Marks & Spencer, produces color accurate prototypes on its LEC-330 using GMG ColorServer/SmartProfiler before they are printed in its Far East facilities. GMG set up profiles in advance in SmartProfiler for all the different substrates that Tigerprint uses, such as coated and uncoated stock. These profiles give the highest possible color accuracy and guaranteed repeatability. "This gives us the confidence that everything will match," says Senior Artwork Manager Chris Broadbent. "It is even feasible to produce the finished product on the LEC-330 and we are considering using it for short runs of 5-10 copies. Its ability to print on to the correct stock and on to die cut material makes this perfectly possible."

Stéphane Romano is Project Manager Packaging at Packpool, an agency for packaging design and printing with locations in Germany and Switzerland. He says: "For Packpool as a supplier of the packaging industry it is more and more crucial to provide customers with high-quality color accurate mock-ups or prototypes of the future product. The new Roland LEC-330 printing system and GMG ColorServer/SmartProfiler color management software enable us to very quickly help our customers see highest quality results before they start their marketing meeting, TV-spot or attend an exhibition. It doesn't matter which material we use for a mock-up - be it foil, aluminium or paper - the profiling and calibration technology of GMG makes it extremely easy."

The solution will be demonstrated at Ipex 2010 on both the GMG stand (Hall 9-E322) and the Roland stand (Hall 12-C140). The software solution will be available through the usual selected GMG and selected Roland channels worldwide.

"We are very pleased to work with Roland in this venture," says Paul Willems, CEO of GMG GmbH & Co. KG. "The partnership is a natural fit and the benefit to the packaging sector in particular is enormous. GMG's proofing products are second to none and their use with a high-end printer such as the Versa-UV LEC-330 is a winning combination."

Takafumi Shigenoya, Executive Officer, Product Marketing Department at Roland DG says: "The combination of the GMGColorServer/Smart Profiler with our VersaUV machines gives our existing users and new clients full access to the UV printers/cutters' unique capabilities and helps integrate them in their own packaging or labeling workflow."

Epson partners with leading RIP software vendors to showcase inkjet commercial/packaging proofing and display graphics printing at Ipex

Epson Logo

At IPEX, Epson will showcase the accurate and flexible proofing and display printing capabilities of its award-winning Micro Piezo™ Stylus Pro digital inkjet printing technology for commercial and packaging applications in partnership with leading software RIP vendors.

Joining Epson on its stand (Hall 10 Stand C260) will be CGS, Compose, EFI, GMG, Graphic Republik, and Shiraz. These strategic industry software partners will demonstrate a range of local and remote proofing for offset, flexo, and gravure applications, plus display printing on Epson’s latest range of Stylus Pro inkjet digital printers: the new Epson Stylus Pro WT 7900 packaging proofing system, the A2 Stylus Pro 7900, the A0 Stylus Pro 9900 and the 64in wide Stylus Pro GS 6000.

-    Packaging proofing: the specialist CGS ORIS Color Tuner, EFI Color-XF, Graphic Republik/ISI Graphic System MaxPro and StarProof, and GMG ColourProof, FlexoProof XG and Dotproof XG packaging proofing RIPs will all demonstrate the proofing and mockup functionality of the new Epson Stylus Pro WT 7900 printer, which has been designed specifically to provide all the features important for highly accurate, contract-level, packaging proofing. The printer uses a 9-colour subset of  Epson’s UltraChrome HDR (High Dynamic Range) ink set to produce a wide colour gamut and accurate spot colours on a variety of flexible film, paper and metallic media (launched at Ipex). To deliver the high density white tints and accurate overlays important for packaging proof applications, Epson has developed a water-based white ink specifically for this printer – a world first.

-    Commercial and remote proofing: The CGS ORIS Colour Tuner, Compose/ISI Graphic System Star Proof, EFI Colour-XF and GMG ColourProof, Dotproof XG RIPs will show commercial and remote proofing on the Epson Stylus Pro 7900 and Stylus Pro 9900 printers. These RIPs provide many tools required to produce accurate proofs, including halftone, dot and spot colour proofing, Hexachome support, generic profile production, automatic colour matching, printer calibration, etc.

-    Display graphics: Shiraz will demonstrate its Signature software producing a range of display graphics on a range of media, including poster and backlit display graphics on the Stylus Pro WT9700; canvas-based fine art products on the Stylus Pro 9900; and eco-friendly signage on the Stylus Pro GS 6000 using new BioMedia material. BioMedia is a range of biodegradable and recyclable materials developed by G3S that give the look and durability of a laminated sheet but can biodegrade in under five years.

Claes Jeppsson, Senior Business Manager, LFP and LPF Solutions, Epson Europe, says, “In association with our software partners we are pleased to be showing the widest selection of proofing systems for the broadest range of print and packaging applications at IPEX. It’s a winning combination of leading RIP software, Epson inkjet printing technology, ink and substrates that delivers highly accurate, contract-level but cost-effective proofing solutions.”

EFI to Acquire Radius Solutions

Efi

Electronics For Imaging, Inc., a world leader in customer-focused digital printing innovation, today announced that it has reached an agreement to acquire Radius Solutions, a leading provider of Print MIS solutions for the packaging industry. Radius Solutions is a leading ERP/MIS software provider focused exclusively on the packaging and printing industry.

While the terms of the acquisition were not disclosed, the cash transaction is expected to be slightly accretive to full year 2010 results. The transaction is subject to various closing conditions.

"We are very pleased to add Radius to our growing portfolio of industry-leading software solutions targeted to the print industry," said Marc Olin, Sr. VP/GM APPS of EFI. "EFI's goal is to offer our customers a complete product portfolio that assists them from job creation to production, while allowing them to be more efficient and effective, and ultimately, more profitable. Radius allows us to bring this concept to the packaging market, which is one of the largest segments of the print market and an area of strategic focus for EFI, joining our Pace and Monarch MIS systems which are targeted to the display graphics and commercial print markets."

Radius Solutions will become part of the Advanced Professional Print Software (APPS) division of EFI. EFI intends to integrate a number of its award winning products including Fiery, VUTEk, Jetrion, Digital StoreFront, PrintFlow and Auto-Count, with the Radius product line. The Radius acquisition further strengthens EFI's growing product portfolio of software tools, UV Inkjet digital presses and inks, and MIS solutions for the packaging market, which is one of the largest printing markets in the world.

Radius Solutions is headquartered in Chicago, Illinois with direct operations in the United States and Europe. Radius brings many years of experience developing and deploying applications developed specifically to manage the unique needs of packaging and printing organizations. Radius has established itself as a leading provider of management information systems specifically designed to help flexible packaging, folding carton and label printers manage their operations.

"We are very excited to have Radius Solutions join the EFI family," said David Taylor, President and CEO of Radius Solutions. "Our ERP packaging software fits strategically within EFI's solutions portfolio. Our clients will gain a supplier with a global footprint and the additional resources of a tier one organization. I look forward to managing the Radius product line within their world class organization."