BURLINGTON, CT – September 26, 2002 - ESP has announced the release of the new ESP703 Rotary Forms Cutter. The ESP703 can process pinfed and pinless forms at speeds up to 350 feet per minute (over 1200 images per hour). It was designed to meet the needs of high-volume continuous form printers as well as near-line and off-line finishing solutions. The ESP703 is friction fed with the use of a simple paper path to allow processing of a wide range of paper weights and styles. Single and multi-up pinfed and pinless forms can be processed using the ESP703’s state-of-the-art integrated slit/merge system. The slit/merge unit is self-contained and does not require any additional floor space. Superior cut accuracy is achieved by the use of an advanced servo-controlled blade system. Dual blades are used on the rotor to allow faster processing of forms from 31/2” to 22” in length. Each blade has four cutting surfaces giving four times the blade life. The blades can be resharpened many times saving thousands of dollars each year. Operator setup functions are easily accessible through the touch screen interface. Adjustments can be made on the fly through the user interface saving valuable setup time. The ESP703 does not require complicated setup processes; just enter the form length and start cutting. For high volume direct mail applications, the ESP703 can be easily integrated with industry standard folders, inserters, and other processing equipment to provide a clean, fast, accurate cut sheet processing solution. When used with the ESP755 Job Offset Stacker, it is a powerful solution for statement processing, report generation, book publishing, billing, internal sys-out reports, and is very well suited to a wide variety of Print-On-Demand (POD) applications. The ESP703 was designed with a minimal number of consumable parts and low parts costs to give each customer the option of self-maintaining. Service contracts can be obtained from several maintenance organizations, including the major electronic printer manufacturers. For more information: ESP, Energy Saving Products 713 George Washington Tpke Burlington, CT 06013-2037 P: 860.675.6443 F: 860.675.1579 www.espcorp.com