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Ricoh To Distribute T/R Systems Software Solutions In Europe

Press release from the issuing company

ATLANTA--July 26, 2001-- T/R SYSTEMS, INC., a leader in developing innovative solutions for the management and production of digital communications, announced today an agreement with Ricoh Europe, B.V. whereby Ricoh Europe will begin marketing and selling T/R Systems' family of products throughout its European distribution channels. Through this agreement, Ricoh Europe will have access to localized versions of T/R Systems' products beginning with French, German and English versions of the MicroPress®, MicroImager(TM) and e-Ticket(TM). Ricoh Europe will also have access to other products,and their localized versions, as they become available. "Europe is a robust and healthy environment for on-demand and production printing. Recent market statistics from CAP Ventures predict an `average installed base' compounded annual growth of 20% between 2000 and 2004,'' said Sonny Mori, Senior General Manager European Marketing Group, Ricoh Europe. "Working with T/R Systems provides Ricoh Europe an excellent opportunity to extend the value of our product lines and provide our customers a very effective solution.'' Mike Kohlsdorf, President and CEO of T/R Systems, said, "Having Ricoh Europe, one of the leading distribution channels in Europe, as a distribution partner of ours is indicative of the accelerating interest we are experiencing in Europe. We expect that together Ricoh Europe and T/R Systems will be able to provide unique as well as powerful solutions for customers with broad and diverse document production and workflow management needs.''