By: Press Release | Baldwin
SHELTON, Conn., Jul 20, 2011 (BUSINESS WIRE) — Baldwin Technology Company, Inc., 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.
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 .
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.
SOURCE: Baldwin Technology Company, Inc.