Delphax Signs Four-Year Service Contract With John H. Harland
Company
MINNEAPOLIS, April 7 /PRNewswire-FirstCall/ --
Delphax Technologies Inc.
(NASDAQ:DLPX) announced today that it has concluded negotiations for a four-
year renewal of its service and supply contract with John H. Harland Company
(NYSE:JH), the largest user of Delphax's Imaggia digital print systems.
Under the new contract, Delphax will continue to provide full maintenance
service, spare parts, consumable supplies and other support-related needs for
the Imaggia presses through the end of 2008. It replaces a three-year contract
due to expire at the end of 2005.
"The Delphax-Harland partnership continues to be a success story for both
companies," said Jay Herman, president and chief executive officer of Delphax.
"Harland is an important and valuable partner of Delphax and we look forward to
continuing our mutually beneficial, long-lived partnership. We are pleased to
continue our joint efforts into the future."
The Imaggia is the most advanced printing system of its type. With models that
feature document throughput up to 300 pages per minute, the Imaggia II has the
world's fastest digital sheet-fed simplex output capability.
About John H. Harland Company
Atlanta-based John H. Harland Company (NYSE:JH) ( http://www.harland.net/ ) is
a leading provider of software and printed products to the financial and
educational markets. Harland Financial Solutions, Inc., a wholly owned
subsidiary, supplies software and services, including customer relationship
management, deposit and loan origination, core systems and mortgage services to
thousands of financial institutions of all sizes. Harland's printed products
offerings include checks, direct marketing and financial forms. Scantron
Corporation, a wholly owned subsidiary, is a leading provider of both paper and
electronic-based services and systems for the collection, management and
interpretation of data to the financial, commercial and educational markets.
About Delphax Technologies Inc.
Delphax Technologies Inc. is a global leader in the design, manufacture and
delivery of advanced digital print production systems based on its patented
electron-beam imaging (EBI) technology. Delphax digital presses deliver
industry-leading throughput for both roll-fed and cut-sheet printing
environments. These flagship products are extremely versatile and handle a
wide range of substrates from ultra lightweight paper to heavy stock. Delphax
provides digital printing solutions to publishers, direct mailers and other
printers that require systems capable of supporting a wide range of commercial
printing applications. The company also licenses and manufactures EBI
technology for OEM partners that create differentiated product solutions for
additional markets. There are currently over 4,000 installations using Delphax
EBI technology in more than 60 countries worldwide. Headquartered in
Minneapolis, with subsidiary offices in Canada, the United Kingdom and France,
the company's common stock is publicly traded on the National Market tier of
the Nasdaq Stock Market under the symbol: DLPX. Additional information is
available on the company's website at http://www.delphax.com/ .
Statements made in this news release concerning the company's or management's
expectation about future results or events are "forward-looking statements."
Such statements are necessarily subject to risks and uncertainties that could
cause actual results to vary materially from stated expectations. Additional
information concerning the factors that could cause actual results to differ
materially from the company's current expectations is contained in the
company's periodic filings with the Securities and Exchange Commission.
DATASOURCE: Delphax Technologies Inc.
CONTACT: Jeff Mathiesen, Chief Financial Officer of Delphax Technologies
Inc., +1-952-939-9000, or Tom Langenfeld, for Delphax Technologies Inc.,
+1-952-920-4624
Web site: http://www.delphax.com/
http://www.harland.net/