Pitney Bowes Teams Up with HP to Offer High-Volume Color Printing System

CHICAGO—September 11, 2009—Pitney Bowes Inc. (NYSE: PBI) today announced it is launching a new production color printing system for high volume transactional mailers. The new offering, called the Pitney Bowes IntelliJet Printing System, is the result of a strategic alliance with HP, a global leader in information and print technology.

The Pitney Bowes IntelliJet Printing System provides seamless integration for large mailers looking to enhance revenues and streamline operations.

The system is available for immediate sale, the company said.

There are four critical elements to delivering high value customer communications: the Pitney Bowes IntelliJet Printing System, featuring the HP® T300 Color Inkjet engine, governed by Production Intelligence® software for control and management, a high-speed Pitney Bowes mail finishing system, and a single service and support team for peak efficiency and performance. Together, these elements result in a truly integrated solution for companies where mail plays a strategic role in customer communications.

“There is tremendous pressure today on printed business communications to deliver higher value when costs are rising and growth is scarce,” said Leslie Abi-Karam, Pitney Bowes Executive Vice President and President, Mailstream Solutions Management. “We listened to our customers, and we’re very excited to provide the only integrated print and mail solution in the industry. We can help cut operational costs and deliver higher-value mail for growing revenues by acquiring, retaining and cross selling to customers.”

Abi-Karam noted that Pitney Bowes has had a presence in the production print business for years with its Production Intelligence output management software. This software offering includes workflow solutions that control and manage the worldwide production of billions of critical documents annually. The intelligence these systems provide yields higher value, more effective communications between an organization and its audiences.

“Directly selling, installing and supporting high-speed color print and mail production systems is the next logical area for Pitney Bowes to continue to build out its customer communications solutions,” Abi-Karam said. Other components already offered by Pitney Bowes include data management, document composition, location intelligence, postal optimization and overall process control through Production Intelligence.

The Pitney Bowes IntelliJet Printing System is expected to grow to a family of high-speed, high-volume color production printing systems. The first model, the Pitney Bowes IntelliJet 30 Printing System, is an innovative high-volume, color inkjet printing system that produces complex transactional statements without compromising speed or quality.

Independent of page complexity, the Pitney Bowes IntelliJet Printing System consistently operates at 400 feet per minute with a 30” wide format and 1200 x 600 dpi color quality. Customers can produce 4-up 7” forms at up to 3,490 impressions per minute, and 3-up 8.5” forms at up to 2,600 impressions per minute.

Recent performance breakthroughs in print quality, processing speed, expanded format size and overall reductions in total cost of ownership have converged to address the business challenges facing high volume transactional mailers. Not surprisingly, technology research firm IDC forecasts unit shipments for the worldwide production color printer industry to grow by at least ten percent per year over the next four years.

For more information about the Pitney Bowes IntelliJet Printing System, visit the Pitney Bowes booth 7708 at PRINT® 09; visit www.pb.com/transactionprintandmail; or contact Kevin Marks at 203-739-2355 or Kevin.marks@pb.com.

About Pitney Bowes:
Pitney Bowes is a $6.3 billion global technology leader whose products, services and solutions deliver value within the mailstream and beyond. Founded in 1920, our company's 35,000 employees deliver technology, service and innovation to more than two million customers worldwide. For more information about Pitney Bowes, its products, services and solutions, visit www.pb.com.