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Dieter P. Schilling Named President And Chief Executive Officer Of Delphax Technologies

Wednesday, May 31, 2006

Press release from the issuing company

MINNEAPOLIS, May 30 -- Delphax Technologies Inc. today announced that its board of directors has named Dieter P. Schilling president and chief executive officer, effective immediately. Schilling joined the company in 1985 and has served as vice president, engineering and manufacturing since 2004. The directors also elected Kenneth E. Overstreet, a director of Delphax since 2003, as chairman of the board. Schilling succeeds Jay A. Herman, who is leaving the company by mutual agreement with the board of directors. Herman joined Delphax in 1988 and was appointed president in 1989. The company anticipates that he will continue to be available to the company as a consultant. "The board appreciates Jay's many years of service to Delphax and we thank him for his contributions to the company's development as a manufacturer of advanced digital printing presses for the commercial printing industry," stated Overstreet. "We are very enthusiastic about the leadership Dieter will provide, and optimistic that he can build on Delphax's strengths. His 21 years of experience with Delphax will be a valuable asset as we take the company to its next stage of growth." Schilling has served Delphax in various capacities with increasing responsibility since joining the company including the positions of vice president, operations from 2000 to 2004, vice president of operations and customer service from 1989 to 2000, and vice president of customer service from 1986 to 1989, after starting his career with Delphax in 1985. Prior to joining Delphax, Schilling was a founding principal and, eventually, president of Southern California Telephone, a telecommunications interconnect company. "I appreciate the board of directors' confidence in naming me as CEO," said Schilling. "I want to emphasize to our customers, employees and shareholders that our vision and strategy will continue to be focused on enhancing our technology to provide innovative solutions for the commercial printing industry."




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