The New Speed Leader in the Office at 30 Pages Per Minute WILSONVILLE, Ore.--Nov. 4, 2002--Xerox Corporation (NYSE:XRX) introduces the fastest workgroup color printer available today, leveraging single pass technology that transfers a full-color image to paper in one pass, instead of the four required by most traditional workgroup color printers. The Xerox Phaser 7300 tabloid color printer produces 30 pages per minute (ppm) in color and 37 ppm in black-and-white, with outstanding image quality for business users and a low estimated retail price of $3,499. Designed to accelerate the transition to color in the office, the Phaser 7300 features a powerful 500 MHz processor and up to 2400 dpi resolution, producing high-quality color prints at maximum speed. "Xerox once again is leading the market with innovation that provides customers with unprecedented color printing speeds," said Jim Miller, president, Xerox Office Printing Business. "This printer allows busy offices to produce both high-quality color and black-and-white prints in record time." The Phaser 7300 offers advanced media capabilities including Smart Trays technology, which automatically displays the type of media available in each of the printer's paper trays, and Auto Thickness Sensor, which instinctively adjusts toner density for consistent print quality. The Phaser 7300 handles a variety of media types, including standard office paper, labels, transparencies and custom media up to 12" x 36", enabling maximum office productivity. Fast speeds, a breadth of features and a low cost per page make the Phaser 7300 an affordable choice for medium to large-sized workgroups. Additionally, Draft Mode and Run Black features allow users to extend toner usage in order to maximize total cost of ownership. The Phaser 7300 has comprehensive software tools that reduce time needed for set-up, installation and maintenance while further enhancing ease of use. These tools include Phaser Installer for easy set-up and simple installation, CentreWare Web for enterprise-wide printer management and Printing Scout, which alerts busy users to low toner, low paper or other potential printing delays. In addition to the Xerox Total Satisfaction Guarantee, the Phaser 7300 has a one-year, free on-site service warranty. Xerox offers toll-free telephone support and online customer support. The Phaser 7300 is available through Xerox, resellers and dealers.