InfoTrends/CAP Ventures Releases Results of New DI Press Research
September 08 2005 - 3:01PM
PR Newswire (US)
-- New Generation Presstek Enabled DI Presses Deliver Improved
Profitability, Quality, Turnaround Time, Business Growth
Opportunities Compared to Conventional Offset -- HUDSON, N.H.,
Sept. 8 /PRNewswire-FirstCall/ -- Presstek, Inc. (NASDAQ: PRST), a
leading manufacturer and marketer of environmentally responsible
high tech digital imaging solutions for the graphic arts and laser
imaging markets, today announced the release of new research
conducted by InfoTrends/CAP Ventures, a leading worldwide market
research and strategic consulting firm for the digital imaging and
document solutions industry. This independent study was designed to
determine how the implementation of a new generation DI press
impacts the overall business of a new user. "We commissioned
respected research firm InfoTrends/CAP Ventures to perform this
study on our behalf in order to ensure that our current DI product
portfolio was meeting customer requirements, and to gain a better
understanding of future product enhancements customers may
require," said Peter Bouchard, Presstek Vice President of
Marketing. "The research revealed that owners of ProFire and
ProFire Excel enabled DI presses are able to benefit from increased
profit levels, reduce their makeready times and capitalize on the
capabilities of the ProFire-enabled DI press to differentiate
themselves in the marketplace, facilitating business growth with
both new and existing customers." Presstek-enabled Direct Imaging
(DI) presses combine the convenience of digital printing with
quality and economic benefits that are better than offset printing.
Featuring the most significant innovation to Direct Imaging presses
since the inception of digital offset technology, these new presses
incorporate Presstek's ProFire Excel Imaging optimized with
Presstek's new ProFire Digital Media, generating a 16-micron laser
spot, enabling 300-line- per-inch output with support for FM
(Stochastic) and hybrid screening options. InfoTrends/CAP Ventures
conducted in-depth surveys with more than 50 owners of ProFire and
ProFire Excel enabled DI presses marketed by Ryobi, Kodak and KBA.
58% of respondents were commercial printers and 16% were digital
print specialists. 72% of respondents had less than 20 employees
and 86% were shops with less than $3 million in revenues. Key
research findings included: * DI printing enables growth in both
existing and new customers * DI has allowed the print provider to
produce applications they couldn't previously produce * DI printing
has had a direct, positive impact on other printing services
Additionally, respondents reported: * 75% of DI work is produced in
3 days or less compared to 66% for all work in respondents' shops *
The mean number of finished press sheets produced on DIs per month
by respondents was 271,500, and an average of 5.6 jobs per shift
are being produced on DI presses. * It requires less than half of
the time to produce a sellable sheet on a DI Press than on a
conventional offset press * Job profitability is more than 13%
higher on a DI press in comparison to conventional offset. In
achieving these results, the majority of respondents were producing
run lengths from 250 to 9,999 on their DI presses, accommodating
the decreased run lengths and reduced turnaround times they were
facing in a growing number of print jobs. Additionally, respondents
anticipated a 27.5% increase in revenue generated by their DI
presses over the next two years. "As printing industry dynamics
continue to change and printers are increasingly challenged to do
more faster and with less, these new DI presses are achieving
important business goals of improving productivity and opening new
market opportunities for their owners," said Charlie Corr, Group
Director of InfoTrends/CAP Ventures. "This research confirms our
earlier findings that owners of DI presses are operating more
profitably than their conventional offset counterparts, and further
indicates that newer presses enabled by Presstek's ProFire and
ProFire Excel technology are delivering the value their buyers
expected to receive." Presstek is demonstrating a ProFire
Excel-enabled Kodak DirectPress 5634 in booth # 6112 at Print 05,
the largest printing trade show in North America, being held at
McCormick Place, Chicago from September 9th through 15th, 2005.
Show attendees can acquire a copy of this research report by
visiting Presstek at Booth 6112. A copy can also be downloaded at
http://www.presstek.com/. About Presstek Presstek, Inc. is a
leading manufacturer and marketer of environmentally responsible,
high-tech, digital imaging solutions to the graphic arts and laser
imaging markets. Presstek's patented DI(R), CTP and plate products
provide a streamlined workflow in a chemistry-free environment,
thereby reducing printing cycle time and lowering production costs.
Presstek solutions are designed to make it easier for printers to
cost effectively meet increasing customer demand for high-quality,
shorter print runs and faster turnaround while providing improved
profit margins. Presstek subsidiary Precision Lithograining
Corporation is a manufacturer of high quality digital and
conventional printing plate products, including Presstek's award
winning, chemistry-free Anthem plate. Presstek subsidiary Lasertel,
Inc., manufactures semiconductor laser diodes for Presstek's and
external customers' applications. ABDick markets graphic arts and
printing equipment and supplies for all stages of document creation
-- pre-press, press and post-press -- and provides continuing
service and support. For more information on Presstek, visit
http://www.presstek.com/, call 603- 595-7000 or email: . About
InfoTrends/CAP Ventures InfoTrends/CAP Ventures is the leading
worldwide market research and strategic consulting firm for the
digital imaging and document solutions industry. The company
provides research, analysis, forecasts, and advice to help clients
understand market trends, identify opportunities, and develop
strategies to grow their businesses. "Safe Harbor" Statement under
the Private Securities Litigation Reform Act of 1995: Certain
statements contained in this News Release constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995, including statements
regarding the market's acceptance of and demand for Presstek's
existing and newly introduced products, and the strength of
Presstek various strategic partnerships (both on manufacturing and
distribution). Such forward-looking statements involve a number of
known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of Presstek
to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Such risks and uncertainties include, but are not
limited to, the market's acceptance and demand for Presstek's
existing and newly introduced products, the strength of Presstek's
various strategic partnerships (both on manufacturing and
distribution), Presstek's dependency on its strategic partners,
market acceptance of and demand for Presstek's products and the
impact of general market factors in the print industry generally
and the economy as a whole. Other risks are detailed in Presstek's
filings with the Securities and Exchange Commission. The words
"looking forward," "anticipates," "expects," "will," "believe(s),"
"may," "is expected to," "likely," and similar expressions, among
others, identify forward-looking statements. Readers are cautioned
not to place undue reliance on these forward-looking statements,
which speak only as of the date the statement was made. Presstek
undertakes no obligation to update any forward-looking statements
contained in this news release. MARKETING CONTACT: INVESTOR
CONTACT: Brian Wolfenden Jane Miller Director of Marketing
Communications Corporate Relations Manager (603) 594-8585 ext. 3435
(603) 594-8585 ext. 3346 DATASOURCE: Presstek, Inc. CONTACT:
Marketing Contact: Brian Wolfenden, Director of Marketing
Communications, +1-603-594-8585, ext. 3435, ; or Investor Contact:
Jane Miller, Corporate Relations Manager, +1-603-594-8585, ext.
3346, Web site: http://www.presstek.com/
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