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CREOSCITEX AND HEIDELBERG CONTINUE COLLABORATION ON
TRENDSETTER AND PRINERGY PRODUCT LINES
DRUPA 2000, DUSSELDORF, GERMANY -- May 17, 2000 -- CreoScitex and Heidelberger
Druckmaschinen AG ('Heidelberg') announced today their on-going commitment
to sell, support, and service the Prinergy(tm) workflow management system
and Trendsetter(R) thermal platesetter product line through their respective
distribution channels. This statement follows an earlier announcement
that Heidelberg and Creo Products Inc. ('Creo') -- of which CreoScitex
is the principal operating division -- will make the official transition
from a joint-venture relationship to an original equipment manufacture
(OEM) relationship on May 18, 2000.
Creo and Heidelberg have ended the Heidelberg/Creo joint venture because the two companies were unable to agree on modifications to the joint-venture agreement necessary as a result of the CreoScitex merger. During negotiations to define a new OEM relationship, Heidelberg and Creo representatives renewed their commitment to the success of the co-developed, PDF-based Prinergy workflow management system.
The terms of the new agreement also cover the Trendsetter product family. Moving ahead, the companies will continue to cooperate to ensure that the continued development of each product is optimized and that customers enjoy the same high level of service and support that they have come to expect.
"We will provide each other with the appropriate support to make these products a continued success for both companies," said Sabine Roob, Vice President Product Management Prepress Output at Heidelberg. "The working relationships that we have developed over the past three years provide us with an excellent basis for ongoing cooperation."
"Our teams are working hard together to continue the development and ongoing success of the Prinergy product family," said Judi Hess, Corp VP of Printing Workflow Solutions at CreoScitex. "Moving forward, our plan is for CreoScitex and Heidelberg to sell, service, and support Prinergy for printers and prepress professionals - this is our position and our customers can count on it."
The Heidelberg/Creo joint venture was first formed in June 1997 to develop, manufacture, and market co- branded computer-to-plate (CTP) and advanced workflow solutions for the graphic arts industry.
The Trendsetter and Prinergy product families will be represented in both the CreoScitex and the Heidelberg stands at Drupa 2000.
About CreoScitex...
Formed in April 2000 by uniting the digital prepress and print-on-demand initiatives of Creo Products Inc. and Scitex Corporation Ltd., CreoScitex is a world leader in solutions for the graphic arts industry. Core product lines include image capture systems; inkjet proofers; thermal imaging devices for films, plates, and proofs; professional color and copydot scanning systems; and workflow management software. CreoScitex is also an Original Equipment Manufacture (OEM) supplier of imaging technology for on-press imaging equipment. A worldwide network of direct sales and service offices, dealers, resellers, and OEM partners provides global sales and customer support. CreoScitex is a division of Creo Products Inc., which trades on NASDAQ under the symbol CREO and on the Toronto Stock Exchange under the symbol CRE. www.creoscitex.com
About Heidelberg...
Heidelberger Druckmaschinen AG is, with more than 24,000 employees in
over 170 countries, the world's market leader for printing and publishing
solutions. Heidelberg offers a complete product range for the graphic
arts industry, covering the spectrum from prepress and press to post-press.
The company develops and manufactures software, electronic prepress equipment,
sheetfed, web, and digital presses, as well as finishing solutions. It
has a total of 20 sites worldwide and 250 sales offices, making it by
far the largest sales and service network in the industry. More information
can be found at www.heidelberg.com