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Xerox Presents New High-Speed Systems

Press release from the issuing company

NEW YORK, Feb. 28, 2001  -- Already the unparalleled leader in high-speed production printing, Xerox Corporation (NYSE: XRX) today unveiled a series of new printers, solutions and services designed to further drive the company's growth by best addressing and anticipating the needs of this rapidly expanding market "right here, right now." The new offerings - showcased at On Demand 2001, a premier digital printing and publishing conference - include additions to the DocuColor and DocuPrint product families: a 12 page-per-minute (ppm) professional color laser printer and a speedy 500-ppm continuous-feed monochrome printer. Xerox also announced a milestone of success for its DocuColor 2000 Series of digital color presses, installing its 2000th DocuColor product at C2 Media.com, a major New York-based graphic arts firm, as part of a $9 million contract. The DocuColor 2000 Series was launched less than one year ago. "Right here, right now, Xerox is demonstrating that our high-end systems, solutions and services deliver today what our competitors promise tomorrow, strengthening the trust customers have in Xerox technology and solidifying a core plank in our corporate turnaround plan," said Tom Dolan, president, Xerox Global Solutions Group. "Xerox invented the black-and-white print-on-demand industry more than a decade ago, and we continue to aggressively build on that leadership with color and solutions innovations." Underscoring Xerox's success, a forecast by CAP Ventures estimates that nearly 18 million pages are printed every day on Xerox black-and-white print-on-demand production devices in the United States, giving Xerox an 82 percent share of the print-on-demand market. On-demand printing allows print providers to quickly turn around short, economical print runs of customized documents.