Standard Register Continues Transformation with Digital Color Equipment and Technology Investments
12 Octobre 2011 - 9:33PM
Business Wire
Standard Register (NYSE: SR) is adding to its brand
communications capability and capacity with approximately a $7
million investment in digital color production and color management
that will allow the company to offer the highest level of critical
color production and distribution available in the marketplace. The
new equipment and technology will be integrated with business
process, workflow automation, print-on-demand and SMARTworks ®
platform investments made over the past two years. The investments
support Standard Register’s Marketing Services Suite and its
strategy to advance customers’ reputations by helping them
effectively manage critical communications. Full integration is
expected to be completed by year-end.
“The addition of the highest quality digital color equipment on
the market is an example of our commitment to invest in technology
that supports our core growth products and gives us a competitive
advantage as the company transforms from a document management,
product-focused company to a market-focused provider of solutions
that meet our customers’ strategic needs,” said Joseph P. Morgan,
Jr., president and chief executive officer. “We are leveraging the
investments made over the past two years to give our customers the
ability to manage their critical communications through secure
networks while keeping their logistics costs down.”
Demand for digital color is growing at a rapid pace and is
expected to double from a baseline in 2009 to 2014. According to
data from InfoTrends, the leading worldwide market research and
strategic consulting firm for the digital imaging and document
solutions industry, color made up 16.5 percent of all digital
printing in 2009; color is expected to grow to 34.5 percent of all
digital printing by 2014.
Standard Register’s internal analysis finds strong demand for
brand standards management, particularly among large company
customers. Color execution is vital to avoid compromising brand
standards and damaging reputation.
Standard Register’s new technology will include color management
software and workflow capabilities that save time and increase
efficiency for customers, in addition to providing top-quality
reproduction. New equipment deployed strategically across the U.S.
will provide customers with same-day service across a secure
network. This investment will solidify Standard Register as an
industry leader in digital color production.
About Standard Register
Standard Register (NYSE:SR) is trusted by the world’s leading
companies to advance their reputations by aligning their
communications with corporate standards and priorities. Providing
market-specific insights and a compelling portfolio of solutions to
address the changing business landscape in healthcare, commercial
and industrial markets, Standard Register is the recognized leader
in the management and execution of mission-critical communications.
More information is available at www.standardregister.com.
Safe Harbor statement
This report includes forward-looking statements covered by the
Private Securities Litigation Reform Act of 1995. Because such
statements deal with future events, they are subject to various
risks and uncertainties and actual results for fiscal year 2011 and
beyond could differ materially from the Company’s current
expectations. Forward-looking statements are identified by words
such as “anticipates,” “projects,” “expects,” “plans,” “intends,”
“believes,” “estimates,” “targets,” and other similar expressions
that indicate trends and future events.
Factors that could cause the Company’s results to differ
materially from those expressed in forward-looking statements
include, without limitation, variation in demand and acceptance of
the Company’s products and services, the frequency, magnitude and
timing of paper and other raw-material-price changes, general
business and economic conditions beyond the Company’s control,
timing of the completion and integration of acquisitions, the
consequences of competitive factors in the marketplace including
the ability to attract and retain customers, results of continuous
improvement and other cost-containment strategies, and the
Company’s success in attracting and retaining key personnel. The
Company undertakes no obligation to revise or update
forward-looking statements as a result of new information since
these statements may no longer be accurate or timely.
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