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Magnetic Ink Equips Xerox's Fastest Continuous-Feed Printers to Print Checks and Financial Documents

Press release from the issuing company

ROCHESTER, N.Y.--Sept. 6, 2005-- Xerox Corporation's fastest printers, the DocuPrint 1050 and 525 Continuous Feed, can now produce documents with magnetic ink, allowing data centers, central reprographic departments and graphic communications firms to quickly produce checks, insurance settlements, invoices and rebate coupons. MICR (Magnetic Ink Character Recognition) is used for the numbers and symbols typically seen at the bottom of checks and negotiable documents, which contain routing information and are processed automatically in the banking system by MICR readers. The Xerox DocuPrint 1050 and 525 MX are the newest MICR-equipped Xerox models. They offer the choice of a dedicated MICR engine or a traditional engine that uses standard toner and allows MICR toner to be easily exchanged with a Customer Changeable Housing, a container that slides in and out of the printer. This flexibility allows print professionals to vary the jobs they produce, from MICR applications to direct-mail pieces, books and statements. "Print providers want to leverage business opportunities and maximize their investment in digital technology by printing a wide range of transactional, on-demand, and publishing applications, including those requiring MICR," said Quincy Allen, president, Xerox Production Systems Group. "Typically, these applications are associated with specific market segments and equipment, but with this system, a variety of work is possible on a single digital continuous-feed device." Duplex printing is enabled on the DocuPrint 1050 MX, which pairs two DocuPrint 525 MX systems. The DocuPrint 525 MX system prints with 600 dpi resolution on one side of pin-fed paper at 244 feet per minute. With its 19.5" wide web, the system can print 12-up 3" x 6" checks at the rate of 2,928 per minute, the equivalent of 532 images per minute two-up for standard 8.5" x 11" pages. The systems support IPDS and LCDS data streams for MICR printing and all major mainframe and publishing data streams for non-MICR printing. The printers also integrate seamlessly with open workflow systems, including those of the Xerox FreeFlow(TM) Digital Workflow Collection. The system includes an integrated Windows-based controller that manages all printer functions. Print providers can also opt for the Xerox FreeFlow DocuSP print server to maintain a consistent operator interface and application portability with other Xerox devices -- continuous-feed or cut-sheet. The Xerox DocuPrint 1050 and 525 MX Continuous Feed digital printers are immediately available in the U.S. through the Xerox direct sales force. They will be available in most other markets worldwide soon thereafter. The U.S. list price for the DocuPrint 525 MX starts at $410,000. Options include a range of workflow offerings and finishing