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.”
Gary Rudnick has been promoted to Director of Sales at Mutoh America Inc., a worldwide leader and manufacturer of large format commercial inkjet printers. Rudnick has worked for Mutoh for over 3 years as the Product Marketing Manager before being promoted to Director of Sales.
As the Director of Sales, Rudnick will oversee all sales territories in North America. Working closely with the General Manager, Brian Phipps, and the regional managers and sales engineers, Rudnick will seek to expand Mutoh's sales into new emerging markets as well as managing and building new business opportunities throughout North America. Rudnick will use his past experience to support business operations while coordinating Mutoh's customer satisfaction strategy.
Before working at Mutoh, Rudnick held several positions at Fuji from 1991 to 2006 including Western Sales Manager and National Vertical Markets Manager where he was responsible for sales and managing a team of Regional Managers. His experience, coupled with his success at these previous positions should help continue the growth Mutoh has seen over the last several years.
"I look forward to helping Mutoh continue to gain market share and build new lasting business relationships with my new role as Director of Sales," asserts Rudnick.
This year’s FESPA Mexico 2010, taking place from 26 – 28 August 2010 (Centro Banamex, Mexico City) is set to be the biggest FESPA Mexico show to date, with a 40% increase in exhibitor floor space, and significant commitment from international exhibitors.
The region’s market-leading show, FESPA Mexico 2010, will showcase the very latest technologies in wide format printing, the sign and graphics sector and textile decoration. It will motivate and inspire optimistic Mexican printers to take their businesses to the next level as the economy steadily recovers.
The event’s growing popularity, illustrated by the 40% increase in floor space to 5,400m2, is further evidenced by the significant increase in international exhibitor interest, particularly from Asia, Canada and the United States. So far, international exhibitors account for approximately 30%, compared to last year’s 5%.
Xaar has confirmed its sponsorship as the event’s Global Technology Partner, and, for the first time, 3M will be FESPA’s Technical Partner. Other key exhibitors at the show include Canon, Durst, Gildan, HP and first-time exhibitor AGFA. There is also excellent support from key domestic resellers, such as Celupal, Swisstec and Plastimundo.
The theme for FESPA Mexico 2010 will be ‘Revolution’, as the country celebrates both the 200th anniversary of its Independence and the 100th anniversary of its Revolution this year.
FESPA Mexico Event Manager Michael Ryan comments: “As we start to see economic improvement, the key to sustainability and future growth lies in our ability to revolutionise our thinking and business practices. To help pave the road to recovery, printers need to adopt a revolutionary approach to business.”
Ryan continues: “The Mexican market is known to compete on price – a practice that is not sustainable. Mexican printers must equip themselves with the latest industry information and developments, motivating them to think creatively about applications and how they can offer customers unique solutions, to better differentiate themselves. Our show will provide them with the content and inspiration to do just that.”
Xaar has been FESPA’s Global Technology Partner for the past three years and South America is a particularly important region for the company. "Mexico is recovering very quickly from the global downturn and its large format printing industry is growing rapidly", says Edsel Lonza, Sales Director for Xaar Latin America. "FESPA Mexico has developed into a vibrant event. It is not only attracting the leading manufacturers and providing a great showcase for the latest products, but it’s also delivering a lot of technical and commercial information for end users through seminars and presentations. We will be showing our latest printhead technology at the show and supporting our OEMs, channel partners and their customers."
Once again, according to FESPA’s third World Wide Survey, Mexican respondents demonstrate higher optimism. On a scale of 1 to 10 - 10 being ‘very optimistic’ – Mexican respondents averaged 8.4 when asked how optimistic they were about the future of their businesses, compared with 7.6 for the rest of the world. Mexicans were also more optimistic about the future of the wide format industry in general, averaging 7.6 compared to 6.9 of all other respondents.
The results also showed that 48.4% of Mexican printers are looking to invest in wide format printers over the next 12 months - 11% higher than the overall findings. In addition, 77% of Mexican print solution providers are seeking new opportunities to diversify and counteract the negative effects of the crisis. FESPA Mexico will play a valuable role in helping local printers tap into new opportunities by giving them the chance to see the latest equipment and market solutions.
Event Highlights and Features
This year’s FESPA Mexico has a number of exciting show features and highlights to inspire visitors to become modern revolutionary printers, providing valuable insight on the latest industry information, technological advancements, and innovative solutions.
To celebrate the country’s historical anniversaries, the exhibition will have a Mexico Celebration Corner. The area will feature a display of revolutionary print applications supplied by key exhibitors celebrating Mexican Independence and the Mexican Revolution.
The FESPA Mexico paid-for conference programme will feature an impressive line-up of industry experts, comprising a number of technical sessions. Each day’s programme will be themed: the first day’s sessions will focus on signage and graphics; revolutionary print solutions will be the subject at hand on the second day; and the last day will feature sessions on garment decoration and screen printing.
Sessions will include Charlie Taublieb’s Screen Print Effects, publication Signs of the Times & Screen Printing en Español’s seminar on green issues, and Mexican media company IBOPE AGB Mexico’s session on outdoor advertising. Plus exhibitors including 3M, Nazdar and Xaar will also run workshops throughout the event.
The FESPA Mexico Awards, running for a second year, recognise print excellence and innovation in the Mexican imaging industry. Printers will have the opportunity to enter their best work across six categories, which include screen printing, digital printing, garment decoration, vehicle wrapping, outdoor media, and, new to this year’s awards, the ecological printing category.
All entries will be reviewed by an independent expert jury and will be displayed in a dedicated showcase at FESPA Mexico 2010. Award winners will gain VIP entry to the exhibition and free access to the conference programme. The first-place ‘Gold’ winners for each category will receive a trophy, and Silver and Bronze runners-up will be given certificates. All winners and runners-up will also receive editorial coverage in key industry publications.
Printers must complete the online registration form before 30th July in order to enter.
For the latest information on FESPA Mexico and your chance to enter the FESPA Mexico Awards, visit www.fespamexico.com
Océ withstood the fierce challenge of international competition and recently landed a 'Green IT' award, reflecting the company's efforts to help customers drive their business by adopting world-leading sustainability measures.
Described as a company "deserving recognition", Océ's international expertise in making a significant contribution to improving the IT industry's environmental performance has been singled out in the UK government-backed Green IT Awards 2010. Océ, an international leader in digital document management and delivery, scooped the "Editor's Choice" accolade at a black-tie event before 200 guests and VIPs at the Prince Albert Suite, London Zoo. Voters among the publication's 70,000 readership had also nominated Océ for the Green IT Magazine Product of the Year (the Océ PlotWave printing system) and the Recycling Scheme of the Year (Caring by Nature).
A company that builds in sustainability and delivers solutions for customers
Brian Wall, Editor of Green IT magazine, commended Océ for its sustainability ethos, which he pointed out had been a corporate cornerstone long before the environment became fashionable. At the awards ceremony, he said: "Océ is a company that builds in sustainability, and its staff apply that to how they deliver solutions to their customers. Océ deserves recognition and, in this case, the accolade of 'Editor's Choice'."
Computer and software companies, including giants like Microsoft and Dell, as well as other digital print manufacturers, were among those who also made it through to the finals. But Océ was the only winner in the "Editor's Choice" category. Green IT awards acknowledge the "outstanding environmental products, suppliers and projects of 2009", as well as highlight companies and teams that have made a "significant contribution to improving the IT industry's environmental performance".
Océ's Caring by Nature Program involves a series of initiatives that underlines its commitment to sustainability. Océ is focused on creating value for all stakeholders by realizing profitable, sustainable growth. Its strategy is aimed at optimizing business processes, strengthening its product portfolio and boosting distribution power. Océ's green ethos involves providing innovative print and document management products and services for professional environments, while acting as a responsible corporate citizen.
Sustainability initiatives developed across the world
Examples of Océ's own sustainability work include:
• Launching Océ Green Services to support eco-friendly management services
• Ten companies achieving ISO 140001 accreditation
• Reducing the CO2 footprint of its products. Cutting emissions of ozone, dust, toner and noise are integral to Océ product development
• Scaling down electricity consumption at Océ UK headquarters by 23 percent in a year
• Reducing paper consumption by 650 tons at an R&D department in Germany
• Setting up "green awards". For instance, Océ North America Wide Format Printing Systems division hosted the "Green Reprographer of the Year" Award
• Organizing the Océ Sustainability Week, a campaign providing employees with information about how they can make a positive impact on the environment
• Being featured by the Carbon Disclosure Project as part of its approach to climate change disclosure
"It's a recognized fact that a strong performance in sustainability contributes to operational efficiency as well as generating stronger product propositions and a more powerful market image. It is no coincidence that Océ embraced sustainability as part of its core proposition decades ago. Indeed, it is in the DNA of our company that has a long and proud history stretching back more than 130 years. Integrating sustainability into our offering has become one of our key priorities. We recognize our corporate duty to actively help manage our customers' environment," said Bron Curley, managing director of Océ UK Ltd.
The key sponsor of the Green IT Awards was the Department of Energy and Climate Change, responsible for UK energy policy and for tackling global climate change on behalf of the UK.
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."
Eastman Kodak Company today reported first-quarter earnings from continuing operations of $119 million, or $0.40 per share on a diluted basis, on sales of $1.933 billion. This represents a $479 million year-over-year earnings improvement and reflects a previously announced intellectual property transaction and significantly improved operating results across all of the company's key business segments.
Excluding the non-recurring intellectual property transaction, Kodak's first-quarter segment earnings improved by $69 million and digital earnings improved by $60 million. Additionally, cash generation before restructuring payments and the equivalent GAAP measure, cash used in operating activities, improved by more than $300 million during the first quarter. This performance was largely due to improved cash earnings and working capital. Cash received from intellectual property transactions was essentially the same year-over-year.
"Our first quarter performance is additional proof that our strategy is working and we continue to make progress toward our goals," said Antonio M. Perez, Chairman and Chief Executive Officer, Eastman Kodak Company. "I am particularly pleased with the performance of our core growth businesses -- Consumer Inkjet, Commercial Inkjet, Workflow Software and Solutions, and Packaging Solutions. Combined first-quarter revenue for these product lines grew by 14% and gross profits improved by more than $20 million. We also continue to make significant operational improvements in the rest of our digital businesses, including digital cameras and devices, image sensor solutions, electrophotographic solutions and prepress solutions. Our Film, Photofinishing and Entertainment business continues to deliver improved profitability, despite a challenging marketplace. We're off to a good start for 2010, and I am optimistic about the year."
First-quarter sales totaled $1.933 billion, an increase of 31% from $1.477 billion in the first quarter of 2009, including the $550 million intellectual property transaction and 3% favorable foreign exchange impact.
On the basis of U.S. generally accepted accounting principles (GAAP), the company reported first-quarter earnings from continuing operations of $119 million, or $0.40 per share on a diluted basis, compared with a loss from continuing operations on the same basis of $360 million, or $1.34 per share, in the year-ago period. Items of net expense that impacted comparability in the first quarter of 2010 totaled $137 million after tax, or $0.42 per share, primarily related to a loss on early extinguishment of debt, restructuring charges, and tax-related items. Items of net expense that impacted comparability in the first quarter of 2009 totaled $105 million after tax, or $0.39 per share, due primarily to restructuring charges and tax-related items. (Please refer to the attached Items of Comparability table for more information.)
Other first-quarter 2010 details:
- The company's first-quarter earnings from continuing operations, before interest expense, other income (charges), net, and income taxes were $389 million, an improvement of $725 million as compared with a loss on the same basis of $336 million in the year-ago quarter. This earnings improvement is composed of operational improvements, including productivity gains, and the impact of the non-recurring intellectual property transaction.
- Gross Profit was 41.1% of sales, as compared to 13.1% in the year-ago period. This increase in margin was driven by the non-recurring intellectual property transaction, continued productivity improvements, and favorable foreign exchange. Excluding the impact of the non-recurring intellectual property transaction, gross profit improved nearly five percentage points.
- Selling, General and Administrative (SG&A) expenses, on a GAAP basis, were $310 million in the first quarter, down 1%, from $313 million in the year-ago quarter.
- Research and Development expenses, on a GAAP basis, were $79 million in the first quarter, down $26 million, from $105 million in the year-ago quarter, as the company focuses research dollars on its core growth businesses.
- First-quarter 2010 cash generation, before restructuring payments, improved by $301 million, representing a usage of $456 million in the current quarter, compared with cash usage on the same basis of $757 million in the year-ago quarter. This corresponds to net cash used in continuing operations from operating activities on a GAAP basis of $471 million in the first quarter of 2010, compared with a net cash usage of $781 million in the first quarter of 2009. This improvement was primarily driven by reduced usage of working capital and higher cash earnings. Notably, cash received from intellectual property transactions was essentially the same year-over-year. As has been the case in previous years, the company expects to generate the majority of its cash flow during the second half of the year, consistent with its historic seasonal pattern.
- Kodak held $1.5 billion in cash and cash equivalents as of March 31, 2010, compared with $1.3 billion on the same date a year ago.
- The carrying value of the company's long-term debt stood at $1.3 billion as of March 31, 2010. This equates to total maturity value of debt of approximately $1.4 billion.
Segment sales and earnings from continuing operations before interest, taxes, and other income and charges (segment earnings from operations), are as follows:
- Consumer Digital Imaging Group first-quarter sales were $891 million, compared with $369 million in the prior-year quarter. First-quarter earnings from operations for the segment were $415 million, a $572 million increase over the year-ago quarter. This change in revenue and earnings is primarily due to the completion of the previously announced intellectual property transaction. Excluding the one-time impact to net sales of the intellectual property transaction, segment earnings improved by $22 million. This was driven by improved profitability in consumer inkjet systems, including a 27% revenue increase in consumer inkjet printer hardware and ink and lower costs, improved operating performance in digital cameras & devices and image sensor solutions, and reduced R&D expenses.
- Graphic Communications Group first-quarter 2010 sales were $611 million, a 1% increase from the first quarter of 2009. This revenue improvement was primarily driven by increased volumes of digital plates within prepress solutions and favorable foreign exchange offset by unfavorable price/mix. During the first quarter, the company shipped its first KODAK PROSPER Press, based on Kodak's Stream Inkjet technology, and expects to begin to recognize revenue from PROSPER Presses in the second half of 2010. First-quarter loss from operations for the segment totaled $22 million, a $38 million improvement compared with the year-ago quarter. This earnings improvement was primarily driven by improved operational performance, particularly within digital printing and prepress solutions, lower raw material costs, and favorable foreign exchange, partially offset by unfavorable price/mix across several product lines.
- Film, Photofinishing and Entertainment Group first-quarter sales were $431 million, a 14% decline from the year-ago quarter, consistent with continuing secular declines. First-quarter earnings from operations for the segment were $16 million, compared with earnings of $8 million in the year-ago period. The increase in earnings was driven by cost reductions across the segment and favorable foreign exchange, partially offset by increased raw material costs and industry-related declines in volumes.
For 2010, on a continuing operations basis, Kodak is targeting the following financial results:
- Segment earnings from operations of $350 million to $450 million on total company revenue of between $7.5 billion to $7.7 billion. This equates to GAAP earnings from continuing operations before interest expense, other income (charges), net and income taxes of $275 million to $375 million;
- 2010 GAAP earnings from continuing operations in the range of negative $150 million to negative $50 million, including the impact of the $102 million net charge for early extinguishment of debt, related to the company's recent financing transactions;
- Digital revenue growth of 5% to 9%, and overall revenue growth of 0% to 1%;
- Positive cash generation before restructuring payments, and, on a GAAP basis, net cash provided by continuing operations from operating activities of $50 million to $150 million;
- A year-end cash balance of $1.8 billion to $2.0 billion, after taking into account all cash actions, including modest debt payments due during 2010.
Large Format Review provides daily breaking news on digital printer technology as used for commercial production of print for wide-format sign and display, dye-sublimation textile and fabric printing, packaging and industrial applications. We also cover 3D print and additive manufacturing.