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Ricoh and Postal Service Sign Ten-Year Partnership

Press release from the issuing company

WEST CALDWELL,Ricoh Corporation, the Dependable Digital™ output company and a long-time leader in digital imaging systems, today announced a strategic partnership with the United States Postal Service (USPS) to be the sole provider of digital copiers, maintenance and related supplies, effective immediately. This ten-year contract, with the potential for up to $200 million, makes Ricoh the "Official Digital Copier Provider of the USPS" and is estimated to save the Postal Service approximately $7.4 million annually. "Ricoh is proud to have been selected by the United States Postal Service, the 26th largest company in the world according to FORTUNE Magazine, to provide it with our digital office products. We look forward to meeting the needs of the United States Postal Service by offering advanced digital technology solutions and sound customer service," said Katsumi "Kirk" Yoshida, President & CEO, Ricoh Corporation. "Our goal is to not only save the Postal Service millions of dollars in reduced maintenance costs and equipment prices, but to provide it with a growth in productivity through our state-of-the-art technology and services." "This agreement caps an extraordinary year for Ricoh, with revenues and profit growth at an all-time high," Yoshida added.

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