Harlequin Signs Major Deal with Destiny Technology Corp.
Press release from the issuing company
Seybold Seminars Boston, April 10, 2001 - Harlequin, a subsidiary of Global Graphics (Nasdaq Europe: GLGR) announced today that it has reached an agreement with Destiny Technology Corporation of Taiwan to embed Harlequin's RIP (Raster Image Processor) and PDF technology on Destiny's proprietary embedded controllers. Under the agreement Destiny will embed Harlequin's products onto its current range of controller platforms for existing and potential customers who are predominantly in Japan and the rest of Asia.
The deal will enable digital printing equipment manufacturers to shorten their development cycles for low to mid range monochromatic and color copiers, printers and digital printing systems. The two companies expect to release additional products later in the year.
Destiny is already a leading player in the office digital printing market and is experienced in producing color imaging hardware, firmware and software solutions for original equipment manufacturers. The company has a software center in China and has access to quality board manufacturing facilities in China.
"We are consolidating our effort to increase our share of the middle-market by embedding technology directly onto imaging peripherals," says James Freidah, chief operations officer, Global Graphic's Printing Software Division. "Destiny is committed to providing innovative and cost effective solutions to the office digital printing market. They bring an additional level of expertise, support and experience in embedded software and hardware and ASIC design, and together, we can offer a unique combination package."
"We are pleased to leverage Harlequin's RIP expertise on PostScript(R) and PDF," says Paul Yin, President of Destiny Technology Corporation, "to expand offering to our customers. This joint-marketing approach demonstrates Destiny's competitiveness in integrating technology elements from various sources to create innovative solutions to the OEM market."
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