9 April 2002
FOR IMMEDIATE RELEASE 9 April 2002
DEVELOPMENT & MANUFACTURING COLLABORATION WITH TOSHIBA TEC
NEW PRODUCT ANNOUNCEMENT
Xaar plc ('Xaar'), the ink jet printing technology group headquartered in
Cambridge, has signed a new collaboration agreement with Toshiba TEC, part of
Toshiba Corporation, for manufacturing and supplying Xaar branded ink jet
Following Toshiba TEC's upgrade of their Xaar Licence last year, the two
companies are now working closely together. Xaar's applications and design
experience is being combined with Toshiba TEC's substantial product development
and manufacturing capabilities to make and sell new printhead products into
commercial and industrial markets. Manufactured at Toshiba TEC's plant in
Mishima, Japan, these printheads will be marketed as XaarJet branded products.
The first product to come from this collaboration is a new, full greyscale
printhead designed for delivering the highest quality, 'near photographic'
printing onto plastics such as smart cards, ID cards, CD decoration and other
packaging applications including carton and label printing. This product is
being launched today at the IPEX 2002 exhibition in Birmingham, UK. First
deliveries of manufactured products from the Toshiba TEC / Xaar collaboration
are due later this year with volume shipments expected during 2003.
Jan Fineman, Xaar's Chief Executive, commented :
'The collaboration with Toshiba TEC represents a valuable addition to our
existing design, development and manufacturing capabilities. Looking forward,
it will enable Xaar to expand production more rapidly than already planned
without the associated capital investment by drawing on Toshiba TEC's
substantial high technology manufacturing resources. It will also help deliver
XaarJet branded products into wider markets.'
Jan Fineman, Chief Executive or Gordon MacLeod,
Finance Director at Xaar on : 01223-423663
Steve Liebmann or Lisa Baderoon at Buchanan
Communications on : 020-7466-5000
This information is provided by RNS
The company news service from the London Stock Exchange