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Creo Presented with Overall Leadership Award by Ethics in Action

Press release from the issuing company

VANCOUVER, British Columbia--Nov. 12, 2003--Creo Inc. is honored to have received the Overall Leadership Award for large business at the 10th annual Ethics in Action(TM) Awards. Ethics in Action (www.ethicsinaction.com) recognizes organizations and individuals who demonstrate ethical decision-making, community involvement, and social and environmental responsibility. The Overall Leadership Award recognizes Creo's commitment to corporate social responsibility (CSR) by operating in an economically and environmentally sustainable manner. Creo was acknowledged for its corporate principles that support a unique working culture that incorporates respect, self-management, open communication, and creativity. Creo supports charity work, community service and professional organizations by matching employees' time and donations; sponsors educational programs, university research, and scholarships; and holds high standards for personal and corporate behavior. Creo also contributes to environmental care through waste-reducing technology, recycling, and energy savings. "At Creo, our commitment to the success of our customers has made us a global leader in the graphic arts. This dedication to excellence, innovation and corporate integrity also makes us a contributing member of the communities and environments where we live and work," said Creo president Judi Hess, who accepted the award on Creo's behalf. "CSR has been a part of Creo for many years: in fact Creo's mission to digitize the graphic arts eliminates film and chemicals, reduces waste, and generates overall savings for our customers." Creo is British Columbia's largest high tech company with advanced manufacturing facilities that produce imaging and software technology, as well as printing plates for the prepress segment of the printing industry. Creo is also active in digital printing and the creative desktop market, and applies patented technology to other industries. Creo has nearly 700 patents (issued and pending). Founded 20 years ago by Dan Gelbart and Ken Spencer, today Creo employs more than 4,000 people, about 1,400 in the Vancouver area, where many of its 300 products are manufactured. Creo reported revenue of US$539.9 million in 2002. Earlier this year, Creo was named Company of the Year by the British Columbia Technology Industries Association. Creo has been honored as one of the 50 best ethical stocks for Canadians, one of Canada's top employers, and for outstanding achievement in export excellence, technology innovation, business excellence and entrepreneurship.