HP’s Inkjet High Performance Printing Solutions division yesterday, May 5, ran an Open House at O’Neil Data Systems in Los Angeles, the first installation of the HP Inkjet Web Press. The Open House yesterday was for press and analysts, and it continues on May 6 and 7 for both O’Neil Data Systems and HP customers and prospects. To my knowledge no other company has run a similar large-scale open house of this nature at a customers’ location. The reason for the Open House was to show the new HP Inkjet Web Press operating in a production environment producing live work.

O’Neil Data Systems was founded in 1973 by William O’Neil, one of Wall Street’s most seasoned and successful veterans. He originally started the company to produce time-sensitive investment research publications from his extensive database on publicly traded companies. In the mid seventies O’Neil Data Systems pioneered the field of automated composition and database publishing using state-of-the-art computer technology. Since that time the company has grown into a national provider of data-driven publishing and marketing communication services for major U.S. organizations. It has a range of printing equipment including both sheet and web fed offset presses and HP Indigo and Océ digital presses, plus a very extensive range of finishing systems for all applications including high security applications. It also provides print services for its parent company, William O’Neil+Company, a national investment information company supporting the institutional investment community. The main publications it prints for its parent company are the O’Neil Database, a weekly in-depth analysis of the performance of a wide range of stocks, a range of other investment publications, and Investor’s Business Daily, the first national business newspaper to compete successfully with The Wall Street Journal.

The use of the HP Inkjet Web Press has allowed O’Neil Data Systems to enhance the production of the weekly database publication that allows major comparison of all relevant stock information. This has now allowed all charts to be printed in color to improve the readability of the information, and has substantially reduced the overall production time allowing it to get to clients around the U.S. faster.

HP took the opportunity to show the Inkjet Web Press in operation. It is housed in an impressive facility linked up with a range of finishing systems. The press location has space for a second Inkjet Web Press in the future. The press is configured for a wide range of services and has an HP data processing and RIP structure allowing for very complex personalized production. To show just what the new press is capable of I had a personalized copy of today’s Investor’s Business Daily printed on the O’Neil Inkjet Web Press delivered to my hotel room before I awoke. This must have been printed yesterday after 4.00 pm when the offset newspaper is produced. This may be a first in having a current edition of a newspaper printed digitally in color delivered at the same time as the offset edition. It shows what could possibly happen in future with this publication also being printed digitally. In addition attendees at the event were given a number of other products printed on the Inkjet Web Press. These included a personalized version of William O’Neil’s book “How to Make Money in Stocks.” The covers for this were printed on the HP Indigo 5000 press at O’Neil Data Systems. Another product was the book Pirates published by Dover Publications. Both of these were finished with the Ehret VC770c Sheeter, MBO B30/B26 Folders and Palamides Delta703 Delivery. There was also a range of mailing products produced using CMC equipment.

Apart from seeing the HP Inkjet Web Press in action, the highlight of the Open House was a presentation by William O’Neil on the history of the financial markets in times of recession and the resulting developments that happened to the different markets on coming out of recession. This showed that technological changes led by entrepreneurs always in the past had created new markets and driven growth. He foresaw no difference on this recession and saw future growth again driven by entrepreneurial technology developments.

At the Open House HP and its partners took the opportunity to explain the structure of operation of the press. In particular they wanted to show how the press differed from other inkjet based web presses in the market. HP showed that this was a press built upon a modular structure that allowed further development without redesign. For example while the first press prints with a 29-inch print width, it is easy to scale this either in a larger or smaller format. HP showed the modular structure based upon the imaging width of an HP Scalable Printing Architecture print head. This allows for computing the data and driving the print head at full 400 ft per minute speed of the press. These hardware and software modules could be linked together to any width without changing the hardware and software structure for driving a press. They also showed how the structure of the press where there are fourteen print heads per color for the width of the press that provides four individual nozzles for each 1/600th inch area. This gives nozzle redundancy and nozzle load sharing to provide both fault tolerant operation and longer print head life. They also showed how this number of inkjet nozzles generates a printing resolution of 1,200 x 600 dpi with three levels at full press speed of 400 ft/min. No other color continuous feed press on the market can operate at this speed while maintaining this level of quality.

HP also emphasized the benefits of being a single supplier of the print heads, the press, the inks and the substrates. They showed how the different substrate approaches they offered provided optimum quality. This included the use of the HP bonding agent on uncoated papers that is printed wherever a ink drop is to print. This bonding agent worked with the ink to limit show through, provide high gamut and improve quality. They also showed their Paper Enhancement Technology for uncoated papers that provided what is perceived to be offset comparable quality on uncoated papers. HP also described their coated media for the Inkjet Web Press that is designed to work with the HP pigmented inks for high quality at full press speed. To my understanding this is the first inkjet web press to print on coated media at full speed.

In addition to HP, HP’s partners were all at the O’Neil Open House to discuss their offerings. In the finishing area these included CMC, EMT, Hunkeler, MBO/EHRET, Muller Martini, Pitney Bowes, Timson and Ultimate. There were also representatives from other HP partner groups including HP Exstream. HP was also showing the Smartstream servers that drive the HP Inkjet Web Press and also solutions from HPs ink and substrate operations. These were showing examples of HP’s Paper Enhancement Technology outlined above.

Naturally one expected HP to have something new to say at the Open House, and we were not disappointed. At drupa it announced the beta test programme with O’Neil Data Systems, and also with leading European book print, CPI. At the Open House HP announced that Courier Corporation, the third largest book manufacturer in the U.S. is to install an HP Inkjet Web Press. Unlike CPI whose press is one for monochrome printing only, the press for Courier will be the full four color press. The CPI press will use the new Timson T-Book Digital Finishing System specifically developed by Timson to work with the HP Inkjet Web Press. This converts the press’s output into jogged and collated stacks ready for the bindery, in an array of finished book sizes, while minimizing wa

These two major book printers overall produced more than 800 million books in 2008 and it is felt that their combined influence using inkjet printing will impact upon publishers’ buying strategies. CPI indicated that they are targeting the market for runlengths up to 3,000 copies of books as this is the fastest growing market with an 8% growth in 2008. Courier who also own Dover Publishing see the need for this new technology to allow for changing book publishing approaches in order to reduce the use of working capital, reduce waste and support lower run lengths.

Another major announcement was the Consolidated Graphics has also joined the HP Inkjet Web Press pilot programme and will be installing their press during the 2nd quarter of 2009. Consolidated Graphics comprises 70 companies in 27 states around the U.S. plus sites in Canada and Eastern Europe. It is also the largest HP Indigo customer in the world. Consolidated see the installation of the HP Inkjet Web Press as a game changing strategy that together with its major commitment to digital printing with HP Indigo will allow them to change their business models.

The HP O’Neil Open House was an event of great interest and showed HP’s commitment in building a new market with its Inkjet Web press that would be a generator of future growth for innovative printers and publishers.