Anacomp to Market Transferable Magnetic Tape
SAN DIEGO, Sept. 9 /PRNewswire/ -- Anacomp, Inc. (Nasdaq: ANCO), a world leader in information management solutions, today announced that it will market transferable magnetic tape (magnetic stripe) as part of its Magnetics' product portfolio.
Anacomp will manufacture and market magnetic stripe under the Anacomp label and will offer a range of products in both high-coercivity and low-coercivity formats. "Anacomp's entrance into this market is well timed," said Michael Harris, vice president of marketing for Magnetic Solutions. "With manufacturing in the U.S. and Europe, Anacomp is well positioned to meet the growing demand for magnetic stripe, especially related to year 2000 demand."
Anacomp will sell magnetic stripe, used primarily on bankcards, security and personal identification cards, directly to card manufacturers. The cards are then resold to financial institutions, retail businesses and other users, many of whom are already among Anacomp's customer base.
"Our magnetic stripe manufacturing business leverages Anacomp's 30 years of experience in the magnetics industry," said Harris. "Magnetic stripe is all about security, durability, and performance. Anacomp also offers ISO 9002 registered manufacturing facilities, worldwide distribution, and customer service resources for a complete magnetic stripe solution."
The magnetic stripe products will be manufactured at Anacomp's plants in Graham, Texas and Brynmawr, Wales. Anacomp has manufactured magnetic media for more than 30 years and markets products under the brand names of Graham, Memorex(R), StorageMaster, and Dysan(R).
Serving thousands of clients around the world, Anacomp's services and products store and manage more customer documents than anyone else in the world. The company is a leading provider of COM and CD outsource services, digital and analog systems, consulting services and technical support. For more information, please visit Anacomp's web site at www.anacomp.com. |
