ROCHESTER, N.Y., Oct. 22, 2002 – In a move that will help customers realize the benefits of digital print technology, Xerox Corporation (NYSE: XRX) today announced its latest entry in the "light production" segment of the digital printing market with a 101 page-per-minute black-and-white system designed for large offices and small- to medium-size print shops. The Xerox 1010 offers customers a digital alternative that features the speed and simplicity of a copier and the flexibility and finishing capabilities of a light production-printing device. The Xerox 1010 lists at $54,100 as a standalone digital copier, making it the least expensive and most advanced system in its class. "Xerox led the transition from analog to digital imaging technology in the general office, and now we are helping customers make that transition in the light-production segment," said Mark Waxenberg, vice president and general manager, Xerox Monochrome Business Unit. "The addition of this 101-ppm digital system strengthens our offerings in this fast-growing market segment and also increases the expansive breadth of Xerox digital technology." The Xerox 1010 produces black-and-white images with 600 x 600 dots-per-inch resolution. It can be used as a production digital copier or can be connected to a network to provide a wide range of printer features, including scan to TIFF, job build, store and retrieval, and digital reprint capabilities. The Xerox 1010 is the only product in its class with a scanner that can scan both black-and-white and full-color documents. The scanner saves documents as industry-standard TIFF files and scans the documents to a mailbox embedded in the 1010. The files are retrieved via a computer on the network. In combination with the system’s ability to run a variety of paper stocks from up to seven separate paper-feeding trays – 16-lb. bond paper (60 gsm) up to 80-lb. cover (220 gsm) – documents can be created and finished quickly and easily within the one device. The Xerox 1010 offers an optional 150-sheet interposer, which can integrate black-and-white and color pages into one document automatically so a person does not have to collate pages by hand. The system allows pre-printed color covers and/or inserts to be integrated with a monochrome job run on the Xerox 1010. For example, if a worker created a mostly black text-based report and wanted to include select pages of color graphics or charts, a user could simply print the color pages on another device and place the color pages in the Xerox 1010’s interposer. Using the easy-to-navigate touch screen, the operator would program the 1010 to print the black-and-white pages and indicate where the color pages should be placed in the document. With one push of the button, a fully integrated report would be created. The Xerox 1010 comes standard with finishing capabilities, including three-position single or dual stapling, and two-hole punching for finished booklets, reports or catalogs. Three-hole punching is an available option. The Xerox 1010 comes with a range of additional features designed for maximum productivity and ease of use. Copier Functions - An easy-to-read, easy-to-use color touch screen display panel that requires minimal training. - A "Build Job" copier function allows a number of different documents to be combined and processed as one job at the machine. - A "Scan Ahead" function enables users to scan and program consecutive jobs while the Xerox 1010 is printing. - 30 gigabytes of storage capacity allow as many as 3,000 pages of scanned documents to be saved on the Xerox 1010’s Copy Server. Saved files are retrieved and reproduced easily as needed by using the touch-screen display. Printer Functions - The Xerox 1010 Printer Controller organizes, imposes, collates and finishes documents. It can be networked or accessed remotely via the Internet enabling all users to create and print quality documents from their desktops. - A "RIP while print" feature enables the Printer Controller to process data and print simultaneously for fast and efficient turnaround. - The optional Fiery DocBuilder Pro document imposition software gives the user expanded capabilities to preview, edit and assemble entire documents prior to RIPing or processing. Pricing and Availability The Xerox 1010 is list priced at $54,100 as a standalone digital copier, including the finisher. A network-enabled Xerox 1010 copier/printer is list priced at $62,600 and includes the EFI Fiery EX 1010 controller, a workstation that processes jobs prior to printing. Like the standalone digital version, the network-connected configuration also is less expensive than comparable competitive models. Options include the interposer, which lists at $650, the high-capacity feeder, listing at $2,700 and three-hole punching, listing at $400. Order taking begins in selected major U.S. and Canadian markets in November with deliveries before the end of the year. Order taking in European markets begins in 2003. Sales, service and leasing will be offered through the Xerox direct sales force and authorized sales agents.