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EFI & Ikon Chart New Course in Workflow Solutions

Press release from the issuing company

Valley Forge, Pennsylvania—February 28, 2001—IKON Office Solutions, Inc. (NYSE: IKN) today announced that it is in discussions to collaborate with Electronics for Imaging (NASDAQ: EFII) to develop future applications for EFI's Velocity™ workflow management software. This strategy is designed to enhance print processes and make digital document output more productive, powerful and easy to manage. IKON intends to market and distribute Velocity to its customers, working directly with EFI. In addition, IKON and EFI are collaborating on the customization of Velocity software for use with IKON's Digital Express® 2000, a turnkey, Web-based document management and print e-procurement system. "We believe Velocity software can help IKON customers in office and creative production environments to produce the greatest number of print jobs in the shortest amount of time," said Barb Pellow, Senior Vice President of Marketing, IKON Office Solutions. "This collaborative strategy is evidence of IKON and EFI's shared understanding of where the technology industry is headed and our determination to continue to deliver joint solutions that meet the evolving needs of our customers." Velocity uses advanced functionality to control color, monochrome and variable data jobs at multiple imaging engines. Residing on a server between workstations and EFI Fiery®-driven products, Velocity Balance enables users to leverage the productivity of up to five imaging engines within virtual printer groups. Long runs can be split among multiple printers, or multiple jobs can be routed and redirected, creating tremendous workflow efficiencies. Velocity provides smart routing based on job ticket instructions, evaluating factors such as engine speed, number of pages, number of sets, job size and engine status — even split printing mixed color and monochrome jobs to the appropriate devices.