From: Docusultant (Original Message) Sent: 11/21/2002 1:42 PM
IKON Expands High-End Production Lineup, Announces Canon imageRUNNER Pro 150+
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Thursday November 21, 11:40 am ET
Targets Commercial Printers, In-Plants, Data Centers and Service Bureaus with Increased Productivity, Reliability and IKON Value-added Services
VALLEY FORGE, Pa.--(BUSINESS WIRE)--Nov. 21, 2002-- IKON Office Solutions, Inc. (NYSE:IKN - News) today announced the launch of the Canon imageRUNNER Pro 150+, the most powerful addition to its production-level printing and publishing solutions portfolio to date. The iR Pro 150+ is the latest in a growing family of products that target commercial printers, service bureaus, data centers, corporate in-plants and other paper-intensive environments with high-speed document output capabilities supported by IKON value-added services.
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"As the industry's largest supplier of Canon imageRUNNER 110s, IKON anticipates tremendous success with the new iR Pro 150+," said Cathy Lewis, Senior Vice President of Marketing, IKON Office Solutions. "We plan to leverage its increased speed and volume in combination with our Total Customer Protection Program and 2-hour average service response time to meet the needs of businesses with extremely tight print windows and productivity requirements."
The 150-ppm Canon imageRUNNER Pro 150+, with a duty cycle of 3-5 million pages/month, supports IKON's strategy to move further up market, by helping customers satisfy a broader range of high-volume applications under tighter deadlines. In its standard configuration, the system includes a 6-drawer paper supply which delivers a robust 8,000 page paper capacity and offers users the ability to choose from up to 6 different paper stocks within a single job. To further optimize productivity, the system offers a load-while-run capability which minimizes the need for operator intervention and workflow disruption. In addition, when configured with a roll feed system from one of IKON's enabler partners, the iR 150 can run an impressive 60,000 pages of non-stop throughput, which when combined with the standard paper supply, offers a true uninterrupted print capability of 67,000 pages or 134,000 impressions for two sided documents.
Along with impressive speed and volume specifications, the imageRUNNER Pro 150+ should appeal to production environments through a host of standard and optional features such as a 65 ppm scanner to capture and integrate hardcopy documents, a post-process inserter which automatically interposes mixed color and B&W jobs, as well as a signature booklet-maker, perfect binder and hole-puncher for creating professionally finished document sets. The Canon iR Pro 150+ will be supported by a number of IKON's best-in-class front-end systems -- among the largest array of enablers in the industry -- to meet customer needs ranging from variable data applications to make-ready workflow.
IKON intends to offer Canon imageRUNNER Pro 150+ in combination with IKON's Total Customer Protection Program, which provides 24/7 service coverage, 2-hour on-site technician response, round-the-clock second-level help desk support and more. And, to ensure iR Pro 150+ customers receive industry-leading service and support, IKON will continue to assign each customer dedicated technicians who will quickly gain an understanding of operations and peak periods.
"IKON has a unique ability to wrap the Canon imageRUNNER Pro 150+ with a range of front-end systems and exclusive services that address both general document output needs and customer-specific workflow," continued Ms. Lewis. "This best-in-class, value-add approach to solutions delivery allows IKON to function as a total business communications provider and partner for production-level environments."
The Canon imageRUNNER Pro 150+ will be available through IKON beginning November 22, 2002.
About IKON
IKON Office Solutions (www.ikon.com) is one of the world's leading providers of products and services that help businesses communicate. IKON provides customers with total business solutions for every office, production and outsourcing need, including copiers and printers, color solutions, distributed printing, facilities management, imaging and legal document solutions, as well as network design and consulting, and e-business development. IOS Capital, LLC, a wholly owned subsidiary of IKON, provides lease financing to customers and is one of the largest captive finance companies in North America. With Fiscal 2002 revenues of $4.8 billion, IKON has approximately 600 locations worldwide including the United States, Canada, Mexico, the United Kingdom, France, Germany, Ireland and Denmark.
This news release includes information which may constitute forward-looking statements within the meaning of the federal securities laws. These forward-looking statements include statements concerning but not limited to expected performance of the Canon imageRUNNER Pro 150+ and related IKON services. Although IKON believes the expectations contained in such forward-looking statements are reasonable, it can give no assurances that such expectations will prove correct. Such forward-looking statements are based upon management's current plans or expectations and are subject to a number of risks and uncertainties, including, but not limited to, risks and uncertainties relating to conducting operations in a competitive environment and a changing industry; delays, difficulties, management transitions and employment issues associated with consolidation of, and/or changes in business operations; managing the integration of existing and acquired companies; risks and uncertainties associated with existing or future vendor relationships; and general economic conditions. Certain additional risks and uncertainties are set forth-in IKON's 2001 Annual Report on Form 10-K/A filed with the Securities and Exchange Commission. As a consequence of these and other risks and uncertainties, IKON's current plans, anticipated actions and future financial condition and results may differ materially from those expressed in any forward-looking statements.
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