Press release from PR Newswire
Delphax Announces Sale of Imaggia IM300 to D+H
Wednesday, February 08, 2012
Canada's leading check program provider adds to digital production capability
MINNEAPOLIS, Feb. 8, 2012 /PRNewswire/ -- Delphax Technologies Inc. (Pink Sheets:DLPX), a global provider of high-speed digital printing equipment, today announced the sale of an Imaggia IM300 digital print system to D+H Limited Partnership (TSX: DH), a leading payments and lending solutions provider to the North American financial services industry. As Canada's largest check program provider, D+H has been a major user of Imaggia systems purchased over a 13-year period.
The Imaggia IM300 is the most advanced security printing system of its type, combining the cost-effective advantages of digital technology with industry-leading Magnetic Ink Character Recognition (MICR) production capability. Using Delphax's patented electron-beam imaging technology, the system is the world's fastest toner-based digital MICR-capable sheet-fed printer with document throughput of 300 pages per minute.
"D+H was among the first of the major check producers to recognize the superior efficiency and productivity offered by the Imaggia's high-speed digital print capabilities," said Dieter Schilling, Delphax president and chief executive officer. "Our customers in total have logged over 15 billion feet of output since the system's introduction?approximately 186 billion high-quality printed checks meeting the highest worldwide standards for MICR encoded, secure documents. D+H has been a major contributor to that total."
"Since our initial purchase in 1998, D+H has assembled a fleet of Imaggia systems at our Markham, Ontario, and Longueuil, Quebec, facilities to support ongoing improvements in productivity and workflow management," said Yves Denomme, D+H executive vice president, operations. "The Imaggia system, along with Delphax Technologies' customer support, continues to meet our expectations as we strive to grow in the ever increasingly competitive financial services industry."
The Imaggia sheet-fed platform is ideal for applications that require multiple base stock sources or variable overprint on pre-printed stock. All of Delphax's cut-sheet solutions offer dynamic input collation to handle paper substrates of varying sizes, weights, and finishes.
About D+H Limited PartnershipFounded in 1875, Davis + Henderson provides innovative programs, technology products, and technology based business services to customers in the financial services industry who offer deposit, lending, insurance and wealth management products to consumers and businesses. Davis + Henderson Corporation is listed on the Toronto Stock Exchange under the symbol DH. Further information can be found in the disclosure documents filed by D+H Limited Partnership with the securities regulatory authorities, available at www.sedar.com.
About Delphax Technologies Inc.Delphax Technologies Inc. is a global leader in the design, manufacture and delivery of advanced digital print production systems. For more than 30 years, Delphax has pioneered high-speed digital imaging innovations that improve throughput and enhance efficiencies for publishers, direct marketers and other commercial print customers where cost and quality are important. The Delphax portfolio includes specialized full color inkjet or monochrome inkjet and toner technologies that are ideal for a wide range of applications over a broad spectrum of substrates from ultra-lightweight paper to heavy stock in both roll-fed and cut-sheet print environments. Delphax is headquartered in Minneapolis, with subsidiaries in Canada, the United Kingdom and France. The company's common stock is currently quoted over the counter under the symbol DLPX.PK. Additional information is available on the company's website at www.delphax.com.
SOURCE Delphax Technologies Inc.
For further information: Gregory S. Furness, Chief Financial Officer, email@example.com, or Sanja Wallace, Director, Product Management, firstname.lastname@example.org, both of Delphax Technologies Inc., +1-952-939-9000