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Delphax Announces $5.4 Million Order from Harland Clarke

Thursday, September 04, 2008

Press release from the issuing company

MINNEAPOLIS, Aug. 29 -- Delphax Technologies Inc. announced today that it has accepted a $5.4 million purchase order for consumable supplies and equipment parts from Harland Clarke Corp., the largest user of Delphax's Imaggia sheet-fed digital print system.

The company expects to ship the parts and supplies under the order and recognize revenue over the first two quarters of fiscal 2009. Delphax provides full maintenance, consumables, spare parts and other support-related services for the Imaggia presses under an existing service and supply contract with Harland Clarke that runs through Dec. 31, 2011. The company does not expect this order to affect the volume of goods and services it is providing to Harland Clarke under the service and supply contract.

The Imaggia is the most advanced printing system with features and functionality aimed at the needs of the high-volume security-printing industry. With models that feature document throughput of 300 8.5x11-inch pages per minute, the Imaggia boasts the world's fastest digital sheet-fed capability.




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