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 user 2005-02-18 at 11:00:00 am Views: 63
  • #10350

    IKON Unveils New Products to Address Growing Demand in

    MALVERN, Pa.–IKON Office

    Company launches IKON BusinessPro(TM) brand targeting
    offices; new BusinessPro(TM) 500c offers industry’s fastest color for office

    IKON CPP(TM) 500 meets demand for color in high-volume
    commercial and corporate print environments

    IKON Office Solutions (NYSE:IKN), the world’s largest
    independent channel for document management systems and services, today
    introduced two innovative products to meet the needs of its customers: the IKON
    CPP(TM) 500 color solution for commercial, graphic arts and corporate print
    environments, and the IKON BusinessPro(TM) 500c, the industry’s fastest color
    printing and copying system for the office. With color and black-and-white
    output of 50 pages per minute, the IKON systems are designed to deliver the
    speed, flexibility, ease-of-use and affordability that customers need to meet
    all of their office and production color needs.

    The IKON CPP 500 and IKON BusinessPro 500c were developed
    with Konica Minolta, building on the success of the co-branded IKON CPP 8050,
    which received the 2004 Better Buys for Business Editor’s Choice award. The
    company’s new products address the growing demand for color equipment, a market
    estimated by InfoTrends/CapVentures to reach $2.7 billion in the United States
    by 2008. Today, IKON offers a broad portfolio of color systems, ranging from
    color-capable black-and-white devices for the office to high-volume color
    production solutions.

    “Color presents the strongest opportunity for growth in our
    industry, and with our best-in-class product offerings, we are making
    significant inroads in this emerging space,” said Cathy L. Lewis, senior vice
    president of marketing, IKON Office Solutions. “By providing color systems at
    various speeds and price points we are putting affordable color at customers’
    fingertips, whether mid-sized offices or commercial printers. We are confident
    the ease-of-use, performance and advanced color capabilities of the new IKON CPP
    500 and IKON BusinessPro 500c will be attractive to customers looking to expand
    their color capabilities.”

    Delivering High-Quality Color

    Both the IKON CPP 500 and the IKON BusinessPro 500c feature
    improved image quality, superior color and new paper-handling capabilities.
    Contributing to the high-speed, high-quality output of the IKON products are
    Konica Minolta’s color engine with Simitri(TM) polymerized toner and an
    Electronics for Imaging (EFI) enhanced color controller. Konica Minolta’s color
    engine ensures crisp text, smooth gradations and a professional finish while the
    EFI controller allows for advanced document workflow and completion of color
    applications. IKON will continue to partner with industry leaders to expand its

    The IKON CPP 500 delivers high-speed, high-quality color
    documents on demand, meeting the requirements of commercial print shops, graphic
    arts environments and corporate print centers. The product’s front-end system
    accommodates large files and complex workflow, including variable data, while a
    fully featured print engine quickly produces professionally finished document

    “The CPP 500 offers superior color and job management
    capabilities, enabling graphic arts businesses to fulfill more applications and
    deliver high-volume color to their customers,” said Lewis.

    The IKON BusinessPro 500c delivers strong media
    capabilities within a cost-effective, space-saving footprint, making it ideal
    for the office. The product is the first under the company’s new brand – IKON
    BusinessPro(TM) – for office environments.

    Lewis added, “The IKON BusinessPro 500c brings to market a
    new IKON brand of products specifically designed for office environments,
    empowering customers to create more compelling communications for day-to-day
    business applications.”

    Driven by the availability of such affordable systems,
    corporate workgroups and departments are increasingly taking advantage of color.
    InfoTrends/CAP Ventures estimates that universal copier/printers like the IKON
    BusinessPro 500c will account for about 90 percent of all color copier/printing
    systems installed in 2008.

    “The color and print management advances of the IKON
    BusinessPro 500c for the office extend the value of the IKON CPP 8050, a
    breakthrough technology in the industry, and further businesses’ ability to take
    advantage of color in the workplace,” said Charles A. Pesko, managing director,
    InfoTrends/CAP Ventures.

    Customers can maximize the value of their IKON color
    systems by employing IKON’s global services organization – IKON Enterprise
    Services. IKON’s Professional Services specialists provide ongoing color
    calibration, advanced forms design, data stream conversion and custom workflow
    in addition to objective assessments that assist customers in identifying the
    right document management and workflow strategy. IKON’s color systems are also
    backed by a network of service professionals who possess, on average, more than
    nine years of experience and undergo over 100 hours of training annually, making
    them experts in color workflow.

    IKON BusinessPro 500c with embedded controller retails for
    $39,995. The IKON CPP 500 with external Fiery controller starts at $56,000. Both
    are immediately available throughout the United States and Canada, and will be
    available in Europe in March 2005. More information on the IKON BusinessPro 500c
    and the IKON CPP 500 can be found at http://www.ikon.com/cpp500 and
    http://www.ikon.com/bp500c or by calling 1-888-ASK-IKON.

    About IKON

    IKON Office Solutions Inc. (www.ikon.com), the world’s
    largest independent channel for copier, printer and MFP technologies, delivers
    integrated document management solutions and systems, enabling customers
    worldwide to improve document workflow and increase efficiency. IKON integrates
    best-in-class systems from leading manufacturers, such as Canon, Ricoh, Konica
    Minolta, EFI and HP, and document management software from companies like
    Captaris, EMC (Documentum), Kofax and others, to deliver tailored, high-value
    solutions implemented and supported by its global services organization – IKON
    Enterprise Services. IKON represents one of the industry’s broadest portfolios
    of document management services, including professional services, a unique blend
    of on-site and off-site managed services, customized workflow solutions, and
    comprehensive support through its service force of 16,600 employees, including
    its team of 7,000 customer service technicians and support resources worldwide.
    With Fiscal 2004 revenues of $4.65 billion, IKON has approximately 500 locations
    throughout North America and Western Europe.

    This news release includes information that constitutes
    forward-looking statements within the meaning of the federal securities laws.
    These forward-looking statements include, but are not limited to, statements
    relating to our future growth opportunities. Although IKON believes the
    expectations contained in such forward-looking statements are reasonable, it can
    give no assurances that such expectations will prove correct. Such
    forward-looking statements are based upon management’s current plans or
    expectations and are subject to a number of risks and uncertainties, including,
    but not limited to: risks and uncertainties relating to conducting operations in
    a competitive environment and a changing industry; risks and uncertainties
    associated with existing or future vendor relationships; and general economic
    conditions. Certain additional risks and uncertainties are set forth in IKON’s
    2004 Annual Report on Form 10-K filed with the Securities and Exchange
    Commission. As a consequence of these and other risks and uncertainties, IKON’s
    current plans, anticipated actions and future financial condition and results
    may differ materially from those expressed in any forward-looking