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EFI and Axeda Partner on Products for Print Production Systems Marketplace

Press release from the issuing company

MANSFIELD, Mass. & FOSTER CITY, Calif.--July 29, 2002-- Electronics For Imaging, the world leader in software and hardware imaging solutions for network printing, and Axeda Systems Inc., the pioneer of the growing market for device relationship management (DRM) enterprise software and services, today announced that they have signed a multi-year, exclusive agreement to develop DRM-based products for the multi-billion dollar office and print production systems marketplace. EFI's industry-leading Fiery (R), Splash and Edox controllers drive networked printers, multifunction devices and other digital imaging devices in thousands of commercial, corporate, professional and production printing environments worldwide. EFI plans to incorporate Axeda DRM technology in many future controllers and other products to significantly enhance customers' ability to remotely track usage, replenish consumables and proactively service their devices, providing a powerful, new productivity and cost management tool. "EFI is dedicated to providing complete, end-to-end solutions to increase printing productivity, enhance customer satisfaction and expand the market for digital printing," said Michael Chai, General Manager and Vice President of Desktop Systems at EFI. "Axeda, a pioneer in advancing DRM technology, will enable EFI to deliver a range of high-value new products and services for our installed base of customers as well as lower the total cost of ownership for future customers." "EFI is perfectly positioned to help Axeda bring complete remote monitoring and management solutions to manufacturers, dealers and large users of printing equipment," said Robert M. Russell Jr., chairman and CEO of Axeda Systems. "EFI revolutionized the printing industry with its award-winning controller technology and Internet printing initiatives. They have established strong relationships with the majority of the world's largest OEMs, distributors and service providers. Our new partnership will help accelerate the deployment of DRM-based solutions in the digital printing market where EFI clearly provides the device intelligence in a dominant percentage of the world's color printers and copiers."