-- A CR2000 installed in
-- A CR1000 installed in
Delphax also announced that it recognized revenue in the fiscal fourth
quarter ended
The CR2000 installed at Kopie-Rite was a demonstration unit, originally purchased by Muller Martini, that was placed with Kopie-Rite by Delphax's South African distributor and subsequently upgraded and reconfigured by Delphax. The CR1000 installed at Digital Book Print was previously operated under lease by another European printer.
The revenue related to the upgraded CR2000 at Kopie-Rite was recognized in the fourth quarter of fiscal 2008. Under extended payment terms, revenue on the placement of the CR1000 installed at Digital Book Print is expected to be recognized during fiscal 2009.
"All three of these placements are with companies focused on the
development of business strategies based on the efficiencies of high-speed
digital printing," said
"While the established core of Delphax's business is the security printing industry, the CR Series remains an important supplement to our product set, offering industry-leading speed and productivity advantages in other commercial printing applications."
The CR Series offers production speeds of up to 500 feet per minute -- speed that can turn a roll of heavy or lightweight paper into books at the rate of one every three seconds. Among the successful applications are on-demand printing of books and booklets and a wide range of legal/financial documents.
About Delphax Technologies Inc.
Delphax Technologies Inc. is a global leader in the design, manufacture
and delivery of advanced digital print production systems based on its
patented electron-beam imaging (EBI) technology. Delphax digital presses
deliver industry-leading throughput for both roll-fed and cut-sheet printing
environments. These products are extremely versatile and handle a wide range
of substrates from ultra lightweight paper to heavy stock. Delphax provides
digital printing solutions to publishers, direct mailers and other printers
that require systems capable of supporting a wide range of commercial printing
applications. The company also licenses and manufactures EBI technology for
OEM partners that create differentiated product solutions for additional
markets. There are currently installations using Delphax EBI technology in
more than 50 countries worldwide. The company is headquartered in
Statements made in this news release concerning the company's or management's expectations about future results or events are "forward-looking statements." Such statements are necessarily subject to risks and uncertainties that could cause actual results to vary materially from stated expectations. Additional information concerning the factors that could cause actual results to differ materially from the company's current expectations is contained in the company's periodic filings with the Securities and Exchange Commission.
SOURCE Delphax Technologies Inc.