Baldwin Secures Over $4 million of New Orders in U.S.
December 08 2010 - 12:38PM
Business Wire
Baldwin Technology Company, Inc. (NYSE Amex: BLD), a leader in
process automation technology for the global printing industry,
announced today that its US graphics operations received orders in
November of more than $4 million. The November orders bring the
year-to-date orders for the Baldwin Americas operation to a 23%
increase over orders recorded in the same period in 2009.
The November activity includes equipment orders of more than $1
million from Quad/Graphics, a major U.S. commercial printer.
Baldwin’s new cloth and brush automatic blanket cleaners and new
spray dampening technology, together with water systems from our
alliance partner, AWS, will significantly enhance the productivity
of several of Quad/Graphics new and existing presses while
simultaneously improving the quality of the printed product.
Don Gustafson, President of Baldwin Americas, commented, “Quad
chose Baldwin for this investment based on the capability of
Baldwin equipment to significantly reduce the cost of operating and
increase the print quality on several older presses. The new
Baldwin cleaning and dampening systems will provide a very
attractive return on investment – critical in any new equipment or
upgrade purchase decision.
“In addition to increased proposal activity in the Americas for
new equipment, we are seeing commercial printers focusing on
extending life and improving efficiency and print quality of
existing equipment. Baldwin is uniquely positioned with retrofit
products across the entire printing press to get new equipment
performance on a conservative capital expenditure budget. Added to
the consistency of our recurring revenue lines – consumables, parts
and service – we are proud of our year-to-date performance in the
Americas,” concluded Gustafson.
About Baldwin
Baldwin Technology Company, Inc. is a leading international
supplier of process automation equipment and related consumables
for the printing and publishing industries. 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 printing
presses. Headquartered in Shelton, Connecticut, the Company has
operations strategically located in the major print 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 systems and related consumables. For
more information, visit http://www.baldwintech.com.
Information for investors, including an investment profile about
Baldwin is available at www.hawkassociates.com/profile/bld.cfm. An
online investor kit including BLD press releases, current price
quotes, stock charts and other valuable information for investors
is available at http://www.hawkassociates.com.
This release contains certain forward-looking statements which
involve known and unknown risks, uncertainties or other factors not
under the Company’s control, which may cause actual results,
performance or achievements of the Company to be materially
different from the results, performance or other expectations
implied by these forward-looking statements. These factors include,
but are not limited to, those detailed in the Company’s periodic
filings with the Securities and Exchange Commission.
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