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Banta Joins Team of Technology Leaders to Streamline Advanced Defense Systems

Press release from the issuing company

MENASHA, Wis., Aug. 6 -- Banta Corporation today announced it is a key participant in Honeywell Team SRX (Sense and Respond eXperimentation), a team of technology leaders that will experiment with solutions to slash time and cost from advanced defense systems. The program will be led by Honeywell's Defense and Space Electronics Systems unit. Key Team SRX members, in addition to Banta, are Jabil Circuit, Inc., IBM Corporation, Arbortext Corporation, and the University of South Florida. "We are excited about the opportunity to work with this prestigious group of companies," said Stephanie A. Streeter, Banta Chairman, President and CEO. "It is extremely gratifying to be recognized for our cutting-edge systems and information technology expertise. This project also represents a significant and high-potential expansion of our supply-chain management business into a new market, beyond our current technology markets." Team SRX will experiment with sense and respond processes linking Honeywell with the military; electronics manufacturing solutions providers like Jabil Circuit; and information solution firms like Banta, IBM and Arbortext. These sense and respond solutions will deliver flexible, fast response to military forces in the field and rapid replenishment of military consumables. Critical ingredients for sense and respond are open standards, networked information interchange, semantic technologies, and integrated commercial military manufacturing. "Banta will play a critical role in the success of Team SRX by enabling complex collaboration processes," says Terry Margolis, President, Banta Supply-Chain Management Sector. "We will help to create and manage electronic information hubs and data repositories, which are essentially secure virtual libraries. Team SRX selected Banta because of our technology capabilities, and equally important, they chose us based on our successful track record of real-world supply-chain management performance, partnering with leading-edge technology companies in the computing, networking and telecommunications sectors." U.S. Senator John Sununu (R-NH), in whose state Banta will establish an advanced information services center, said the military needs to tap into the talents and capabilities of commercial manufacturers and small businesses. "For some time, the commercial sector has led the military industrial sector in developing and adopting new technology, particularly for electronic components," said Sen. Sununu. "Networking and information interchange has driven this sector. If U.S. forces are to retain a technological edge, we need to make sure that we take advantage of all our national resources." New Hampshire Governor Craig Benson, himself a founder and former CEO of a leading network systems company, praised the SRX initiative and the impact of firms like Banta. "My own experience in the high-tech world leads me to agree with Defense Secretary Rumsfeld that the Department of Defense needs to harness 'the remarkable genius and productivity of the modern, information- based commercial and industrial sectors that have done so much to revolutionize the U.S. civilian economy,'" the Governor said. Banta will work with Honeywell and other Team SRX participants to develop and staff a technology center in Colebrook, NH. If the project meets its objectives and additional Department of Defense funding is approved, Team SRX is expected to grow in both the size and the scope of its mission.