CHICAGO, March 1, 2011 (GLOBE NEWSWIRE) -- R. R. Donnelley & Sons Company (Nasdaq:RRD), and KBA AG of Wuerzburg, Germany announced today an agreement to develop, manufacture and sell next generation piezoelectric digital inkjet printing solutions to the packaging, securities, commercial, and newspaper segments. Under the terms of the agreement, RR Donnelley will license its Apollo and other digital imaging technologies to KBA which will incorporate them into its press offerings. KBA's new digital presses will be introduced in May 2012 at the DRUPA International Print Show in Dusseldorf, Germany. Further details on the cooperation will be published later.
"RR Donnelley and KBA have long been leaders and innovators in our respective industries," said Thomas J. Quinlan III, RR Donnelley's President and Chief Executive Officer. "We look forward to having the combined R&D resources of nearly 1,000 engineers and imaging scientists bring forward the next generation of digital imaging technologies. This relationship will benefit the customers we serve today and enable RR Donnelley innovations to be introduced to customers in segments that we do not yet address."
"Seeking to expand the industry's broadest product range, KBA has spent the last 18 months assessing both current and future digital printing technologies from around the world," said Helge Hansen, CEO of KBA. "In our analysis, it was clear that RR Donnelley was uniquely positioned to partner with us from a digital print technology, experience, and scale perspective. It's more than a sales and service agreement for existing technology. We look forward to jointly reinvigorating this industry with new digital imaging platforms."
About RR Donnelley
RR Donnelley (Nasdaq:RRD) is a global provider of integrated communications. Founded more than 146 years ago, the company works collaboratively with more than 60,000 customers worldwide to develop custom communications solutions that reduce costs, enhance ROI and ensure compliance. Drawing on a range of proprietary and commercially available digital and conventional technologies deployed across four continents, the company employs a suite of leading Internet based capabilities and other resources to provide premedia, printing, logistics and business process outsourcing products and services to leading clients in virtually every private and public sector.
For more information and for RR Donnelley's Corporate Social Responsibility Report, visit the company's web site at www.rrdonnelley.com
Established 194 years ago in Wuerzburg, Germany, Koenig & Bauer AG (KBA), the parent of the KBA group, is the oldest and second largest press manufacturer worldwide. KBA's banner, 'People & Print', reflects its dual focus as a driver of innovation for print entrepreneurs. The group's product range is the broadest in the industry, imparting a unique level of expertise and exceptional competence in mastering technological challenges. The product portfolio includes commercial and newspaper web presses, sheetfed offset presses in all format classes, special presses for books, inserts, banknotes, securities, metal-decorating, smart cards; CDs and DVDs plus inkjet and other coding systems. For more information visit the company's web site at www.kba.com
Use of Forward-Looking Statements
This news release may contain "forward-looking statements" as defined in the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date of this news release and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. Readers are strongly encouraged to read the full cautionary statements contained in RR Donnelley's filings with the SEC. RR Donnelley disclaims any obligation to update or revise any forward-looking statements.
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