MINNEAPOLIS, MN, April 30, 2004 – Delphax Technologies Inc., a global provider of high-speed digital printing and publishing systems, today announced a major digital printing speed breakthrough with the introduction of its new CR2000 digital web press with an industry-leading continuous running speed of 450 feet per minute. The CR2000 is being presented to the industry for the first time at drupa 2004 in the Delphax exhibit stand 17A39. With its extraordinary speed capability, the ultra-high speed CR2000 toner-based digital web press can produce nearly 2,000 8½ x 11-inch pages every minute with 600 x 600 dpi print quality. A full 50 percent faster than the Delphax CR1300 digital web press, for years the industry's productivity leader with a continuous running speed of 300 feet per minute, the CR2000 now takes its place as the top high-end model in the Delphax CR Series. In addition to a new benchmark for speed, Delphax also will be displaying its latest print quality enhancements for the CR series. While the release improves quality across the spectrum of print from text to line-art to images, the new level of greyscale and halftone image quality achieved is particularly impressive especially since it is delivered at speeds up to 450 feet per minute. Existing Delphax CR customers will receive many of the latest print quality enhancement upgrades as part of their standard maintenance program. They will also be able to field upgrade from any existing CR Series system to the new 450 feet per minute speed. Field upgradability is a key principle of Delphax's product design strategy and a core feature of the Delphax Investment Protection Program. Jay Herman, president, chief executive officer and chairman of Delphax Technologies, states, "We firmly believe that our CR2000 offers the industry's strongest business case for lucrative, high-volume digital printing. The powerful combination of speed and quality advancements we've built into the CR2000 will have a dramatic impact on cost-per-page, and will lead to an unprecedented expansion of long-run digital printing into new markets." All Delphax CR Series web presses have a unique, tight-web design that supports their ability to run at industry-leading speeds. The presses also provide excellent front-to-back print registration and handle a wide range of substrate materials from very lightweight to heavy card stocks. From a paper handling perspective, their design makes the Delphax CR Series presses very similar to offset presses and perfect candidates for integration with other high-productivity pre- and post-processing equipment such as web splicers.