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Xerox Shipping Groundbreaking Digital Color Press, Unveils New Solutions

Press release from the issuing company

CHICAGO--Oct. 7, 2002-- Delivering its most significant technology platform in a decade, Xerox Corporation today announced the availability of its groundbreaking DocuColor iGen3(TM) Digital Production Press effective this month in six major markets across the United States and Europe. The phased roll-out begins in Chicago, London, Los Angeles, New York, Paris and Washington, D.C., followed by additional multinational markets. The company simultaneously unveiled a cadre of solutions and services designed to drive growth in its high-end printing business, leapfrog competitive offerings and help customers boost profits. In a major exhibition at Graph Expo, North America's largest gathering for the graphic arts industry, Xerox also showcased new on-demand book publishing solutions and advanced software for its color and black-and-white production printers. "These offerings share one goal: to help commercial printers and graphic arts service providers make more money," said Ursula M. Burns, president, Xerox Document Systems and Solutions Group. "Graph Expo is all about expanding Xerox's high-end digital printing leadership, capturing new revenue streams and serving new market segments. We are demonstrating our commitment to the graphic arts market and adding momentum to Xerox's growth and transformation." With U.S. list prices starting at $510,000 and color page costs as low as 3.4 cents, the 100 page-per-minute DocuColor iGen3 is a color press that provides unmatched print speed, image quality, cost-effectiveness and paper-handling capabilities. For the first time, iGen3 test site customers shared their experiences and showed award-winning print jobs that rival the quality of traditional offset printing. "What impressed me is Xerox's ability and commitment to keep the machine running while providing additional people-based services to train, advise and support my business," said Roger Gimbel, president of New York City-based Xerographic Reproduction Center, a division of Global Document Solutions. "Xerox has a focus on volume-building programs and solutions in such areas as one-to-one marketing and digital books. It's way beyond what other vendors are doing." John Place, president, Mercury Print Production, a large commercial printer and on-demand book publisher in Rochester, N.Y., added, "The quality is amazing. We can easily print colors that we couldn't print on offset equipment. It has the best performance I've ever seen on coated stocks with a digital press. I anticipate growing volume to at least 700,000 prints per month." Other Xerox announcements at Graph Expo included: * Software that prints customized print jobs and automatically mixes color and black-and-white pages produced on different printers. * Two DocuTech solutions, including a first-of-its-kind booklet maker that puts a square-fold edge on saddle-stitched booklets, providing the look and feel of a perfect-bound book, for one quarter of the price of traditional perfect binding.

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