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Xerox Wins Three-Year, Multimillion-Dollar Contract with Staples

Press release from the issuing company

ROCHESTER, N.Y.--Dec. 14, 2004-- Xerox Corporation announced today that Staples, Inc., the world's largest office products retailer, has signed a three-year, multimillion-dollar agreement that puts Xerox's advanced digital technology in Staples Copy and Print Centers at 1,100 store locations in the United States. Xerox is installing nearly 5,000 digital color and black-and-white printers and copiers in Staples stores. The agreement is part of Staples' strategy to upgrade its in-store copy and print center equipment to complete a transition to all-digital technology by early 2005. "Staples Copy and Print Centers make it easy to get guaranteed high-quality copy and print service at any Staples store," said John Burke, senior vice president of business services, Staples, Inc. "Advanced digital document technology, support and service from Xerox help make Staples the place to shop for all copy and printing needs." As part of the agreement Xerox will install DocuColor 12 Copier/Printers which are equipped with digital front end image processors from EFI (Nasdaq:EFII - News). The new technology will support Staples' customized printing services. In addition, the Xerox CopyCentre(TM) line of digital copiers will be used to meet the black-and-white self-service copying needs of Staples customers. "This agreement demonstrates the strength of Xerox's relationships with leading customers like Staples, the quality of Xerox digital technology, and the increasing momentum of our growth strategy," said Michael Brannigan, president, Xerox North American Solutions Group. "Staples' transformation into an all-digital document service provider reflects the growing market need for color and personalized printing."

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