Ryobi Limited and Presstek, Inc. Announce The RYOBI 3404DI
DUSSELDORF, Germany, May 19 /PRNewswire/ -- Ryobi Limited of Japan and Presstek, Inc. (Nasdaq: PRST - news), the industry's leading provider of direct imaging technologies to the printing and publishing industry, today announce the RYOBI 3404DI, a new jointly developed two-page, four-color offset press. The RYOBI 3404DI, with Presstek's DI© technology, incorporates Presstek's new ProFire(TM) imaging system and uses Presstek's PEARLdry(TM) plates. Ryobi is demonstrating the new RYOBI 3404DI in Hall 16, Stand D04 at Drupa 2000.
Dr. T. Mifune, senior vice president of Ryobi Limited said, ``The printing industry has enthusiastically accepted digital technology. The direct imaging of a mounted printing plate on-press is in the forefront of this movement. By eliminating intermediate processes, imaging on-press reduces the time to final output. The 3404DI press provides high quality and significantly shortened imaging and make-ready times. In addition, the uniquely compact 3404DI is equipped with various automated, labor saving devices that require less floor space, and make operator training easy. The result is a highly efficient press, offered at a very affordable price point. The 3404DI will meet customer demands for a variety of short-run color printing applications.''
Presstek President and Chief Executive Officer, Robert Hallman said, ``We are delighted with Ryobi's introduction of the 3404DI. This press represents an important addition to those categories of commercial printers whose quantity and response time needs are uniquely satisfied at a cost made possible due to the novel design of the 3404DI.''
Ryobi anticipates that the primary market for the RYOBI 3404DI will be commercial printers, repro shops and in-plants. Advertising and design agencies are also expected to be users because of the 3404DI's unique compact design, high quality and superior performance. The press will be sold worldwide through Ryobi's sales channels, as well as by Presstek on an OEM basis. Ryobi has scheduled delivery of the press to begin in December 2000.
Founded in 1943, Ryobi Limited is a world-leading manufacturer of die- castings, which are used in automobile and electrical appliance parts. Ryobi Limited also applies the expertise it has gained from its die castings operations to manufacture a variety of finished products ranging from printing equipment, power tools and builders' hardware to sporting goods and leisure products. (Listed on the 1st section of the Tokyo Stock Exchange) |
