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French Social Security Selects Scitex; Potential Value $30 Million

Monday, May 05, 2003

Press release from the issuing company

TEL AVIV, Israel, May 4 -- Scitex Corporation Ltd. announced today that its wholly- owned subsidiary, Scitex Digital Printing, Inc., based in Dayton, Ohio, has been selected to supply high-speed digital printing systems to the Caisse Nationale d'Assurance Maladie des Travailleurs Salaries (CNAMTS), the health branch of the French social security system. This was their second selection of Scitex Digital Printing since 1998, and has the potential to generate $30 million in equipment and service revenue (with approximately two-thirds of such amount in equipment revenue) over a 5-year period. The new digital printing systems to be supplied to CNAMTS feature the latest Business Color(TM) technology from Scitex Digital Printing and are designed for full color, page-wide printing at industrial production speeds with a low cost of operation. "The French social security system with its requirement to reach millions of subscribers is an ideal fit with our digital printing technology," said Nachum "Homi" Shamir, President and CEO of Scitex Digital Printing. "We are pleased and gratified that this highly respected organization has embraced our Business Color(TM) technology and has once again chosen Scitex Digital Printing for its printing solution."

 

 

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