The 2009 SGIA Expo not only showcased the most innovative technologies in the specialty imaging industry, but also promoted sustainable imaging solutions with its Recycling Initiative and Expo signs.
Earlier this month, SGIA arranged for all recyclable media to be picked up from exhibitors’ booths and delivered directly to the recycling center on the Expo floor. Once all of the recyclable media was collected and sorted, the material was directed back into domestic extrusion rather than exported for incineration or unknown applications. SGIA collected a total of 15,987 pounds of material.
"All of the parties that participated in the Initiative should be commended," said Brett Thompson, director of environmental affairs at Laird Plastics, who managed the program. "Thank you to YRC, Shepard Exposition Services, SBC Recycling and all of the exhibiting companies who assisted in making the Expo Recycling Initiative a success."
Sustainable initiatives also took place throughout the Expo lobby and in the aisles. Value Vinyls, a supplier of digital and screen-printing media, donated EcoLogic material for the Expo lobby banners. EcoLogic, which debuted at the show, is an entirely PVC-free, 100 percent recyclable frontlit material that is durable enough for long-term outdoor applications, yet smooth enough for close-up views of indoor signage.
ConVerd, an environmentally sustainable substrate provider, donated Enviroboard MR (moisture resistant) for all of the aisle signs. Also introduced at the Expo, Enviroboard MR is a rigid, moisture-resistant, 100 percent recyclable board alternative to traditional foam core and corrugated plastic boards.
Xerox Corporation announced today third-quarter 2009 results that include earnings per share of 14 cents and $610 million in operating cash flow.
"Our third-quarter performance reflects our continued disciplined approach to managing cash and reducing costs," said Ursula M. Burns, Xerox chief executive officer. "As a result, we exceeded our expectations for earnings and operating cash flow, and are benefiting from operational improvements that are mitigating the economic challenges."
The company reported third-quarter total revenue of $3.7 billion, down 16 percent from third-quarter 2008 including a 2 point negative impact from currency. Post-sale and financing revenue was down 11 percent, or 9 percent in constant currency. Equipment sale revenue declined 29 percent, or 28 percent in constant currency.
"Just as we are closely managing costs, our customers are doing the same and we have not seen a meaningful shift towards increased spending on technology," she added. "For many of our business clients – small to large – there remains a hesitancy to invest until more economic factors show signs of steady improvement. We expect this trend will continue to put pressure on revenue for the balance of the year.
"At the same time, we're winning new business from clients who want to reduce their cost base through our industry-leading managed print services," said Burns. "Scaling our services business has long been a strategic focus. The growth opportunity is significant, customers are demanding more service-related value, and the multi-year contracts provide profitable recurring revenue. These factors give us confidence in the strategic and financial rationale for acquiring Affiliated Computer Services. With this acquisition and the benefits of our existing annuity-based business, we'll deliver significant revenue growth, cash and earnings expansion."
Third-quarter operating cash flow was $610 million. Through the third quarter, the company has generated $1.2 billion in operating cash flow, and, as a result, has increased its expectation for the full year to $1.7 billion. Xerox ended the third quarter with a cash balance of $1.2 billion. Total debt was down $938 million through the first three quarters, and the company is on track to reduce total debt by more than $1 billion this year.
Gross margin was 39.8 percent in the third quarter, an increase of over half a point from the prior year. Third-quarter selling, administrative and general expenses were down year over year by $131 million and SAG as a percent of revenue was 27.4 percent.
Xerox expects fourth-quarter 2009 earnings per share in the range of 20 cents to 22 cents, excluding costs related to the acquisition of ACS. The company has increased its full-year earnings expectations to 55 cents to 57 cents per share, which excludes fourth-quarter ACS acquisition related costs. Prior guidance for full-year 2009 was 50 cents to 55 cents per share.
This release discusses revenue growth using a measure noted as "Constant Currency" that excludes the effects of currency translation. Refer to the "Non-GAAP Financial Measures" section of this release for a discussion of these non-GAAP measures. In addition, fourth-quarter and full-year 2009 EPS has been provided without including fourth-quarter ACS acquisition related costs, which cannot be specifically quantified at this time.
This release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "estimate," "expect," "intend," "will," "should" and similar expressions, as they relate to us, are intended to identify forward-looking statements. These statements reflect management's current beliefs, assumptions and expectations and are subject to a number of factors that may cause actual results to differ materially. These factors include but are not limited to: the unprecedented volatility in the global economy; the risk that unexpected costs will be incurred; the outcome of litigation and regulatory proceedings to which we may be a party; actions of competitors; changes and developments affecting our industry; quarterly or cyclical variations in financial results; development of new products and services; interest rates and cost of borrowing; our ability to protect our intellectual property rights; our ability to maintain and improve cost efficiency of operations, including savings from restructuring actions; changes in foreign currency exchange rates; changes in economic conditions, political conditions, trade protection measures, licensing requirements and tax matters in the foreign countries in which we do business; reliance on third parties for manufacturing of products and provision of services; the risk that the future business operations of Affiliated Computer Services, Inc. ("ACS") will not be successful; the risk that customer retention and revenue expansion goals for the ACS transaction will not be met; the risk that disruptions from the ACS transaction will harm relationships with customers, employees and suppliers; and other factors that are set forth in the "Risk Factors" section, the "Legal Proceedings" section, the "Management's Discussion and Analysis of Financial Condition and Results of Operations" section and other sections of our Quarterly Report on Form 10-Q for the quarters ended March 31, 2009 and June 30, 2009 and our 2008 Annual Report on Form 10-K filed with the Securities and Exchange Commission. The Company assumes no obligation to update any forward-looking statements as a result of new information or future events or developments, except as required by law.
Xerox and ACS urge investors and security holders to read the joint proxy statement/prospectus regarding the proposed transaction when it becomes available because it will contain important information. You may obtain a free copy of the joint proxy statement/prospectus, as well as other filings containing information about Xerox and ACS, without charge, at the Securities and Exchange Commission's (SEC) Internet site (http://www.sec.gov). Copies of the joint proxy statement/prospectus and the filings with the SEC that will be incorporated by reference in the joint proxy statement/prospectus can also be obtained, when available, without charge, from Xerox's website, http://www.xerox.com, under the heading "Investor Relations" and then under the heading "SEC Filings". You may also obtain these documents, without charge, from ACS's website, http://www.acs-inc.com, under the tab "Investor Relations" and then under the heading "SEC Filings". Information regarding participants or persons who may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction is contained in Xerox's proxy statement for its most recent annual meeting and ACS's proxy statement for its most recent annual meeting, both as filed with the SEC.
FUJIFILM Graphic Systems U.S.A., Inc., is reporting an increase in sales and sales inquiries in the weeks following the PRINT 09 Show. The company attributes the upturn to substantial investments in R&D, strategic partnerships and acquisitions.
With industry-leading businesses that include Fujifilm Sericol, Fujifilm Dimatix, and Fuji Xerox as partners, Fujifilm Graphic Systems is able to leverage advances in printing and graphic arts technology that provide customers with opportunities to profit in the evolving printing marketplace.
"At PRINT 09, our customers saw the fruits of our investments, including the North American debut of the new Fujifilm Inkjet Digital Press - a culmination of the collaboration among Fujifilm group companies," said Masahiro Ota, president and chief executive officer of FUJIFILM Graphics U.S.A. "Together with the Inca Onset S20 and Fujifilm Sericol's leading ink technologies, as centerpieces in Fujifilm's exhibit booth, we have never seen a more positive response from customers and prospective buyers."
According to Mr. Ota, in selecting Fujifilm, printers are choosing a partner that has the financial health and strength not only to guide their businesses, but to also lead the industry.
A leading securities firm, Mizuho Securities, recently upgraded its recommendation for Fujifilm's stock. The analyst observed that Fujifilm was, "now more likely to achieve record-high profits in fiscal 2011/12." (Forbes/Reuters) This assessment of Fujifilm's strength speaks to the success of the company's diversification into new businesses, and to its ability to reinvigorate traditional businesses by identifying high potential opportunities within their markets.
In Fujifilm's most recent report to shareholders, Graphic Arts was called out as one of the company's five priority business fields for growth, listing the following objectives for its print businesses:
• Fujifilm's continuous R&D investment in the printing and graphic arts business. • Employ Fujifilm and Fuji Xerox's inkjet and xerography technologies and effectively coordinating such management resources as marketing channels and brand values in the digital printing market. • Aim for the top global market share for CTP plates.
In the face of the current economic challenges, Fujifilm remains committed to leveraging its heritage in the printing and graphic arts field to introduce new solutions for profitable revenue generation.
"While it may seem counterintuitive or even a bit intimidating, economic climates such as the current one do offer business owners an opportunity to grow," said Mr. Ota. "This kind of growth requires both a focus on what's most important: cash flow, cost control, expansion of services and capabilities and effective marketing, as well as having a strong and reliable partner like Fujifilm.
"Our theme at the Print 09 show was 'In Control.' That's what we do, especially in times of economic uncertainty, help our customers remain in control and stay focused on what's most important to their businesses."
You can already find a number of news stories on LFR that have been submitted by proud recipients of a prestigious DPIA Product of the Year award, that were issued at the recent SGIA Expo in New Orleans.
To ensure the less PR-savvy of the winners get their moment in the spotlight, LFR are delighted to bring you the winners list in its entirity...
Digital Inks: Roland DGA Corporation - Metallic Silver Ink
RIP Software and Proofing Software: Caldera Graphics - GrandRIP+ with Adobe PDF Print Engine
Media-Paper: Ultraflex Systems Inc. - Limelight 4.8
Media-Vinyl: Dreamscape - DreamScape Bling!
Media-Films: Xcel Products Inc. - Visual Magnetics Write-On Chalkboard
Grand Format Roll-to-Roll-Solvent & Latex inks: Roland DGA Corporation - Advanced JET AJ-1000i
Grand Format Roll-to-Roll-UV cure ink: Durst Image Technology US LLC - Rho 500R
Direct to Garment Inkjet Printers: Kornit Digital - Kornit 932NDS
All of the entries were showcased and evaluated by a team of digital imaging professionals during the 2009 SGIA Expo (New Orleans, October 7-9) in the Golden Image Gallery.
Now we could be wrong, but we think a number of these award-winning products are not even sold in the UK, or if they are, someone is keeping it quieter than they ought to. Perhaps there is an opportunity there for someone?
HP today announced the expansion of its large format portfolio to help technical design professionals to spearhead and enhance the value they bring to their customers. By leveraging HP's portfolio, technical design professionals can easily shift from cumbersome, hard copy-based project workflow to an intuitive flawless digital workflow solution, where print communication is more efficient, easily integrated and fully accessible.
The range of new workgroup printers, software solutions and media choices are designed to help technical firms that specialise in architecture, engineering and construction (AEC), geographic information systems (GIS) applications, and mechanical computer-aided design to drive new business opportunities. Benefits include:
* Three new additions to HP's line-up of large format printers - including the HP Designjet T1200, HP Designjet T770, and HP Designjet T620 Printer series - that offer an improved workflow experience. * Four enhanced software solutions designed to increase customer's productivity, reduce costs and deliver high-quality results to capture more business. * New and improved HP bond papers with ColorPRO Technology and HP Recycled Bond Paper, made of 100 percent recycled base paper. * An HP carbon footprint calculator utility that has been updated to support HP Designjet large format printers
"We recognise that digital information is essential to the way our customers work, from developing their ideas and winning bids to interacting with peers and clients," said Santiago Morera, vice president and general manager, HP Designjet. "At HP, we have transformed the way we look at the Design & Graphics industry to bring to market best-in-class products and solutions that enable our customers to collaborate, innovate, and achieve success while simplifying the way they manage and communicate beyond printing."
A simplified user experience with new large format printers
From winning bids and developing plans to interacting with peers and clients, digital information sharing is essential to the way AEC/GIS/CAD firms operate. A wide range of HP large format printers and multi-format devices now make it seamless to turn digital designs into documents and to digitize documents back into the design-and-make process again, helping shorten project cycles. HP devices are designed to minimise the number of manual operations and easily integrate into customers' workflow and are 3-D/BIM ready.
Additionally the latest printers from HP offer new features and deliver faster print speeds, a powerful in-printer processing architecture, while also delivering the thinnest lines in the industry with exact detail, crisp text, and clear and accurate drawings, enabling professionals in the architecture, engineering and GIS workgroups to make a real impact in their presentations and projects.(1)
Designed for medium-sized CAD and GIS workgroups, the new HP Designjet T1200 Printer series is like having two printers in one with new features and capabilities that enhance productivity and versatility, such as two online rolls with smart switching media length tracking and high-volume ink cartridges, including the new Original HP 726 Matte Black Ink Cartridge, to offer a continuous printing experience at speeds of two D-sized prints per minute. The double roll technology helps to flexibly manage the changing demands of customers according to the phases of different projects, radically reducing downtime and solving different printing needs.
"The new HP Designjet T1200 would be a great addition to any office. We have sent some of our largest, most problematic drawings to this system and it handles them without issue," said Randall Young, software quality assurance engineer, AutoCAD test development, AutoDesk. "With its multi-roll capability, you can have photo and regular bond papers ready to go at all times. You can also load the paper from the front, saving time and space."
Offering a 6-ink printing system with two HP Vivera blacks and a grey ink, this printing system achieves rich, dark blacks and detailed lines to produce highly accurate output that increases technical professionals' ability to communicate.
"The HP Designjet T1200 Printer offers the convenience of two printers in one, and saves us time and money," said Goncalo Santos Carvalho, senior architect and IT manager, Ideias do Futuro. "We've achieved exceptional photo quality and the two-roll option allows us to load two different types of media so there is no interruption to change media when one team is printing line drawings and another is printing renderings."
With the new HP Designjet T770 Printer Series, a reliable plug-and-play 44inch printer using HP Vivera inks, small teams will experience fast, easy CAD/GIS printing capabilities with an easily accessible top loading roll and expandable memory. With new features, including built-in networking for easy sharing, memory upgrades, and the ability to print without opening applications, users can put their energy into designing rather than focusing on printing.
"With 15 architects and draughtsmen working on a range of projects there can be no hold ups. Speed and reliability are extremely important when printing drawings and plans. We send CAD or PDF files and it starts printing immediately. The printer doesn't pause while printing and every single detail is sharp. I get my drawing in the time it takes to walk over to the printer," said architect Daniel Guerra at BAAS Jordi Badia architect studio in Barcelona, Spain.
The third addition in the portfolio, the HP Designjet T620 Printer has been designed specifically for small CAD and GIS workgroups. The device delivers truly professional results while also enabling small workgroups to do more in less time, with an easy set up, and easy sharing with a built-in networking, convenient batch printing, compatibility with the latest applications and operating systems, and Original HP Vivera inks and HP printing materials. Customers can have peace of mind and focus on their projects with this reliable printer.
Innovations beyond printing enable an end-to-end communication experience
HP is also announcing four enhanced software solutions that support the new HP Designjet T Printer series to increase productivity, reduce costs, and deliver high-quality results to help customers to capture more business:
* Large format printing has never been so easy. HP has redefined convenience with HP Instant Printing Utility 3.0. Users now can print and preview a wide range of files, whether these are office documents (PDF, PPT), architectural or mechanical designs (HPGL2/PLT, DWF, PDF) or images (TIFF, JPEG). And the new included plug-ins for MS Office 2007 brings large format printing within reach of any office user. The HP Instant Printing Utility offers the same easy experience to a range of HP Designjet printers, including the new HP Designjet T1200, T770 and T620 Printer series. * Serif PosterDesigner Pro for HP tailored for HP printers gives office users in small and medium businesses and enterprise and public sector environments, all the design power needed to achieve high-quality posters and banners. Now supporting the HP Designjet T1200 and T770 Printer series, the software solution is also available in German, French, and Spanish and supports borderless printing on the HP Designjet T1200 Printer series. * SCP Reprocontrol for HP is powerful software new for the HP Designjet T1200 Printer series that empowers production operators to flexibly automate, standardise and manage colour consistently within the production workflow. Quick preflight preparation reduces errors and results in less ink and paper waste. Print settings can be automated, mixed print jobs easily handled, and file submission and configurations managed remotely. * HP Designjet Accounting Tool now supports the HP Designjet T1200 and T770 Printer series, enabling users to remotely view and create a report of the advanced usage tracking information of the printer, making it easy for administrators to invoice departments, projects or clients for the correct amount of printer usage. Printers can automatically send usage reports via e-mail that customers can manage through the free tool.
Enhanced media quality with ColorPRO Technology
Papers with ColorPRO Technology perform to a strict set of quality specifications that define colour excellence and provide noticeably enhanced print quality compared to untreated bond papers.
The first ColorPRO Technology media includes HP Universal Bond Paper and HP Bright White Inkjet Paper, designed for use with HP Designjet large format printers. These papers use additives that interact with HP pigment inks. These additives treat the paper to provide precise control over ink behaviour at the paper surface. As the ink penetrates the paper, the colorant is immobilised at the surface, producing prints with sharper, finer detail and an extended range of colours, and providing professional quality and striking results at production speed.
A big step forward in reducing the carbon footprint of large format printing
HP, which has the industry's broadest portfolio of large format printers, is also announcing the expanded functionality of the HP Carbon Footprint Calculator to include the HP Designjet printer line-up. The calculator, which has been available for users of HP Inkjet and LaserJet office printers since May 2008, gives users the power to evaluate their energy consumption, paper use, carbon output and the associated monetary costs of their printing environment to understand how they can reduce their environmental impact through responsible printing.(2)
More information about the HP Graphics Solutions portfolio is available at www.hp.com/go/designjet.
Spandex, the pioneering one-stop supplier of complete and innovative solutions to the digital printing and signmaking industries, has announced that its next highly informative open house will take place in Bristol on November 26th and 27th 2009. The event will focus on helping existing and potential customers succeed in today’s economy and will follow the company’s successful theme of ‘Learn, Discover and Benefit’.
The two-day open house will comprise key seminars, including, ‘Succeeding in today’s economy’ by Vaughan Allcock, owner of Event Signs, a 25-year-old signmaking business. Author and marketing consultant, Jackie Jarvis, is also returning to the event to deliver her new presentation, ‘How to sell the natural way to attract and keep more customers’.
“Our November Open House has been specifically designed to help customers improve sales and profitability, widen their service capability and obtain information about which equipment will provide the best return on investment”, says Phil McMullin, Spandex’s UK Country Manager. “Given the popularity of our previous open houses, we would strongly advise those interested to book early to secure a place at the event.” Another highlight of the event will see Spandex hold interactive workshops designed to assist customers with bringing expertise in-house, thereby reducing costs and widening their range of services. One such workshop will focus on textile marking and enable customers to try heat presses and Spandex’s broad and exciting range of textile marking materials. Other workshops will cover vehicle wrapping; lamination techniques; fixings and fastenings; and new techniques in modular sign systems.
The open-house will also see Spandex demonstrate the revenue-enhancing capabilities and unique benefits of its major large format digital printing systems via live and invaluable product demonstrations. Among the latest machines on display will be the new Epson® Stylus Pro GS6000, a 64”, high-speed, eight-colour inkjet printer; and the new Mutoh Kona, a cost effective and flexible plotter. The event will see Spandex demonstrate both systems for the first time. The Gerber Solara ion, a flatbed/roll-to-roll, wide-format, UV inkjet printer featuring advanced GerberCAT™ cationic inks and Cold Fire Cure™ technology will also be on display.
Also on show will be a wide selection of new products from media brands including Avery®, 3M™ and Mactac®, as well as the company’s own ImagePerfect™ range. The event will allow visitors to access materials specialists who will be on-hand to provide information on new substrates, as well as offer useful printing tips and techniques for various large format printing applications.
A number of special promotions, exclusive to the Open House, will be running on the day. Visitors can pre-register for the event by following www.spandex.co.uk/openhouse.
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.