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Lightning Source UK adds new IBM high-speed production line

Press release from the issuing company

Milton Keynes, United Kingdom, February 24, 2003 -- Lightning Source UK Ltd. and IBM have put into service an additional high speed digital print line to give publishers greater capacity in meeting the needs of their customers. The next generation of on-demand print solutions from Lightning Source UK capitalizes on an already established foundation of advanced technology and robust solutions. The installation of an additional IBM Infoprint 4100 print line is expected to boost Lightning Source UK print capacity by more than 50 percent to keep pace with the increasing demand of its products. "The Lightning Source model has been a resounding success for our publisher partners," said Malcolm Allen, managing director, Lightning Source UK. "The growth we've seen in the on-demand market has simply been incredible. In keeping with our resolve to provide our partners the finest quality product within stated service levels, our recent expansion was a must. The investment and expansion of our operation is proof-positive that on-demand print and distribution in publishing is here to stay." Print-on-demand book sales have skyrocketed in the US, and Lightning Source and IBM are poised for the growth that is expected in the UK. For example, CAP Ventures European On Demand Printing & Publishing Consulting Service has forecast that the entire print-on-demand market in Europe will grow from $17.8 billion in 2001 to $36.7 billion in 2006 at a compound annual growth rate of 15 percent.