Baldwin Secures First Newspaper UV Drying Order Creating New Growth Opportunities
20 Julio 2011 - 9:19AM
Business Wire
Baldwin Technology Company, Inc. (NYSE Amex: BLD), a global
leader in process automation technology for the print media
industry, today announced that it has secured a $750K order to
install UV dryers onto two newspaper presses in Australia. This is
the Company’s first order for its water-cooled, high-end QuadCure
UV dryer into the newspaper segment and it is expected to lead to
further opportunities as printers around the world add flexibility
and quality improvement to their production capabilities.
The QuadCure product is based on Baldwin’s advanced UV drying
technology for sheetfed presses and is in the high-end segment of
the market. The Company is also in the process of developing a new
air-cooled UV drying system which will compete in the single-wide
newspaper market with expected market release in the fall at the
Graph Expo and IFRA Expo exhibitions in the U.S. and in Europe.
Peter Hultberg, Baldwin’s Vice President—Global Sales and
Marketing, stated, “Our customer, Fairfax Media Limited, one of
Australasia’s leading media companies, ordered these UV dryers to
be installed on existing press installations to significantly
improve print quality and enable use of a wider range of paper
qualities. Baldwin acquired this technology last year and has been
successful in adapting it for new segments of the global print
market.”
President and CEO Mark Becker added, “We have been very pleased
in our order growth over recent quarters. These new UV and other
Baldwin product developments enable Baldwin to plan for growth in
new segments in the global print markets as well as expanding our
technologies for applications outside of traditional print,” Becker
concluded.
About Baldwin
Baldwin Technology Company, Inc. is a leading international
supplier of process automation equipment and related consumables
for the print media industry. Baldwin offers its customers a broad
range of market-leading technologies, products and systems that
enhance the quality of printed products and improve the economic
and environmental efficiency of the printing process. Headquartered
in Shelton, Connecticut, the Company has operations strategically
located in the major print media markets and distributes its
products via a global sales and service infrastructure. Baldwin’s
technology and products include cleaning systems, fluid management
and ink control systems, web press protection systems and drying
and curing systems and related consumables. Visit
http://www.baldwintech.com for more information. A profile for
investors is available at
www.hawkassociates.com/profile/bld.cfm.
Cautionary Statement
Certain statements contained in this News Release may constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. 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 the Company to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such
factors, risks and uncertainties are detailed in the Company's
periodic filings with the Securities and Exchange Commission.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date the
statement was made. The Company undertakes no obligation to update
any forward-looking statements contained in this news release.
Baldwin (AMEX:BLD)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Baldwin (AMEX:BLD)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024