Consolidated Graphics Invests in Two Xeikon 5000plus Digital Color Presses
ITASCA, IL—September 9, 2009—Consolidated Graphics Inc. (NYSE: CGX), one of the largest North American general commercial printing companies, has purchased two Xeikon 5000plus digital color presses. These presses are in addition to the Xeikon 6000s that CGX has already been using to produce high quality dust jackets for photo books.
With annual revenues in excess of $1.1 billion, CGX has 70 printing businesses in the United States, Canada, and in Prague. Consolidated Graphics has the word's largest, high-end, digital press fleet and uses these presses to produce photo products, direct mail, publishing solutions as well as traditional marketing collateral. CGX continues to invest in Xeikon technology to support peak production volumes and meet or beat stringent turnaround time requirements. The two additional Xeikon 5000plus presses will support the company's continued growth in digital print, and exemplify the company's commitment to industry-leading technology.
"The capabilities of Xeikon technology continue to impress us and are playing a key role in the development of sophisticated applications and creation of profitable business opportunities," said Ric Davis, Executive Vice President of Operations at CGX. "The acquisition of these printing presses is yet another example of how Consolidated Graphics continues to push the boundaries of digital print technology."
"We are extremely pleased that CGX has reinforced their commitment towards our company and our technology. We truly appreciate their continued support and are looking forward to a long, fruitful relationship with them," said Bram Bourgeois, President and CEO of Punch Graphix Americas.
Xeikon remains absolutely committed to meeting the changing needs and demands of its customers' businesses. One of the key benefits offered by the Xeikon technology is that it provides a clear product upgrade path to its customers. In the case of CGX, the Xeikon 5000plus presses could be easily upgraded to Xeikon 6000's to gain additional speed and monthly capacities should they desire these capabilities in the future. In addition, the Xeikon technology complements other short-run digital color devices.
Due to the many unique capabilities of Xeikon presses, there are certain components of the final product or application that can only be produced utilizing these presses. Printers may combine the Xeikon produced output in a synergistic fashion with that of short run digital color devices to create the final product, thereby adding a whole new level of flexibility to their production operations.
About Consolidated Graphics
Consolidated Graphics (CGX), headquartered in Houston, Texas, is one of North America's leading general commercial printing companies and a world leader in digital print capabilities. With 70 printing facilities strategically located across 27 states, Canada and in Prague, CGX offers an unmatched geographic footprint with extensive capabilities supported by an unparalleled level of convenience, efficiency and service. With locations in or near virtually every major U.S. market, as well as Toronto, CGX offers highly responsive service and convenient access to a vast capabilities network through a single point of contact at the local level. More information is available at www.consolidatedgraphics.com
About Xeikon
A pioneer in digital printing, Xeikon designs, develops and delivers high-end digital color printing systems for the global commercial, document printing and industrial market segments. These systems are composed of advanced web-fed printing engines using LED-array-based, dry toner electrophotography, open workflow software, exclusive toner and other consumables. Xeikon's production and R&D operations are based in Belgium and its solutions are distributed and supported through a worldwide sales and service network. Xeikon is a division of Punch Graphix. For more information, visit www.xeikon.com
About Punch Graphix
Punch Graphix provides innovative, competitive and environmentally friendly imaging and printing solutions for the global graphics industry. Under the Xeikon brand name, Punch Graphix designs, develops and delivers high-end digital color printing systems, software and consumables for the commercial, document printing and industrial markets. Under the basysPrint brand, Punch Graphix designs, develops and delivers mid to high-end imaging systems for the offset prepress commercial markets. With a clear-minded focus on R&D, Punch Graphix is dedicated to customer satisfaction and aims to deliver cost-effective graphic excellence that goes beyond all expectations. For more information, visit www.punchgraphix.com
