TO ALL: HERE WE GO AGAIN.....PRESSTEK PRESS RELEASE - SCITEX/PRESSTEK STRATEGIC BUSINESS RELATIONSHIP
Scitex and Presstek Agree to Exchange Technology and Expand the Application of PEARL Plates
DUSSELDORF, Germany, June 3 /PRNewswire/ -- Scitex Corporation Ltd. (Nasdaq: SCIXF) and Presstek, Inc. (Nasdaq: PRST) today announced an agreement between the companies covering the cross-license of certain technologies; the supply of Presstek's PEARL plates for use with the Scitex -- KBA -- Planeta 74 Karat(TM) digital offset press, and the Integration of the Brisque digital front end to the Presstek PEARLsetter(TM), a line of off-press plate imaging systems.
Under this agreement, Presstek and Scitex will cooperate to ensure the compatibility and performance of Presstek's PEARLdry plates on the 74 Karat press which was announced by Scitex and KBA-Planeta on June 3, 1997. Presstek will supply plates for use on the 74 Karat press, both to Scitex and directly to press customers. Presstek will license its on-press imaging patents to Scitex, and Scitex will license its Turbo Screening technology to Presstek for implementation in the Presstek PEARLsetter and other off-press imaging products. In addition, the companies will cooperate in integrating the Scitex Brisque digital front end with the PEARLsetter line.
"The major advances in plate technology achieved by Presstek were a significant factor contributing to our decision to embark on the development of the innovative 74 Karat digital offset press," said Dr. Michael Nagler, Corporate Vice President of Scitex Corporation; and General Manager, Graphic Arts Products. "We are delighted that our customers can benefit from Presstek's industry-leading PEARL plates."
Robert E. Verrando, president and COO of Presstek, stated, "Scitex, an unquestioned leader in the prepress industry, and Presstek are proud that both companies recognize the value each brings to the market in delivering advanced prepress and press solutions to the customer. This strategic business relationship with Scitex again confirms the importance of Presstek's technology to the future of the graphic arts market."
Presstek, Inc., founded in 1987, has developed PEARL, a patented, proprietary non-photographic, toxic-free, digital imaging and printing plate technology for the printing and graphic arts industries on a worldwide basis. PEARL's thermal laser diode system is capable of imaging various types of Presstek printing plates either off-press or on-press to produce high quality, full-color lithographic printed materials. Presstek is also engaged in the development of additional products and applications that incorporate its proprietary PEARL technologies and consumables, including both computer-to- plate and other direct-to-press applications.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this news release are forward looking statements that involve a number of risks and uncertainties including, but not limited to, the risks of uncertainty of patent protection, the impact of supply and manufacturing constraints or difficulties, possible technological obsolescence, increased competition, general and economic conditions, and other risks detailed in the Company's Securities and Exchange Commission filings.
/CONTACT: INVESTORS: Jennifer McKay Tardif, Director of Corporate Services or PRODUCT: John O'Rourke, Product Manager-Consumables of Presstek, 603-595-7000 or MEDIA: Robert Siegfried of Kekst and Company, 212-593-2655/ |
