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Agfa and Mutoh Europe Sign Partnership

Press release from the issuing company

Munich, Germany – FESPA – 31 May 2005 – Agfa and Mutoh Europe announced today that they have signed an agreement for the marketing and distribution in Europe of their co-developed wide-format printers using high-end industrial inkjet technology. At the show today, the two companies launched a 100-inch wide UV printer under the name Cobra 100uv for Mutoh and :Anapurna 100 for Agfa. Agfa will manufacture the UV-curable inks and supply its new-generation UPH inkjet heads from its headquarters in Mortsel, Belgium. Mutoh Europe will manufacture all equipment at its facilities in Ostend, Belgium. Strong Partnership. Mutoh Europe and Agfa extended their partnership to enter the high-end industrial wide-format market jointly with a long-term market commitment. The original co-development agreement was signed on 23 April 2004. Under the new agreement signed today, all promotion, marketing, distribution, sales, service and support will constitute a joint undertaking by Agfa, Mutoh Europe and their respective affiliated companies and distributors. "We have always worked well with Agfa," said Arthur Vanhoutte, president of Mutoh Europe N.V. "They have been our OEM partner since 1999 for proofing and large-format printers. We believe in Agfa's overall imaging expertise, their strong background in chemistry, their understanding of dispersion technology, their research in ink and heads and their state-of-the art ink manufacturing. Our partnership constitutes an important milestone in Mutoh Europe's history and is essential for our further growth." "This agreement brings synergies to our customers," said Stefaan Vanhooren, president of Agfa's Graphic Systems. "We have relied on Mutoh for their understanding of mechanical and electronics design, their manufacturing excellence and their leadership in piezo-based wide-format inkjet. Together, we are now forming a total value chain for the emerging industrial wide-format inkjet market, covering everything from heads and inks, to printing engines, software and services. We have become market leaders in prepress with our total solutions approach. Together with Mutoh, we can become leaders in wide- format inkjet."