Milestone for Page-wide InkJet Printing Technology

XAAR PLC 28 October 1999 XAAR PLC KEY MILESTONE FOR PAGE-WIDE INK JET PRINTING TECHNOLOGY Xaar plc ('Xaar'), the ink jet printing technology group based in Cambridge, announces that Agfa-Gevaert ('Agfa') has agreed to make its first milestone payment under the joint agreement for the commercial development of digital printing machines using Xaars page-wide ink jet printing technology. Graham Wylie, Chief Executive of Xaar said : 'This payment has been triggered by the demonstration to Agfa of our first prototype page-wide printhead. This is an important milestone in the development programme, although much work remains to be done by all those involved to ensure that further milestones are also met on schedule.' Graham Wylie, Chief Executive or Jonathan Lowe, Finance Director at Xaar on : 01223-423663 Steve Liebmann or Lisa Baderoon at Buchanan Communications on : 0171-466 5000

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Xaar (XAR)
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