18th Apr 2005 07:01
Xaar PLC18 April 2005 FOR IMMEDIATE RELEASE 18 April 2005 Xaar plc XAAR AND XENNIA TO EXTEND COLLABORATION AGREEMENT Xaar plc ("Xaar"), the inkjet printing technology group headquartered inCambridge, announces that Xaar and Xennia Technology Limited ("Xennia") haveagreed to extend their inkjet cooperation first announced last June. Under thenew agreement, Xennia will be a preferred Xaar integrator partner and thecompanies will work together to offer customers turnkey industrial inkjetsolutions, based on Xaar printheads and Xennia's inkjet ink and engineeringcapabilities. At this week's IMI Inkjet Developers Conference in Geneva, Xennia will unveilplans for expansion in the fast growing market for industrial inkjetapplications and launch its new product manufacturing and supply division,XenJet. XenJet will provide a range of inkjet print engines and productionprinters, available as standalone units or for integration onto customers'production lines. The current range of Xaar printheads and the latest generationgreyscale heads will be fully supported by XenJet products. Commenting on the announcement, Nick Balon, VP and General Manager of Xenniasaid: "We regard the strengthening of the Xennia-Xaar relationship as very goodnews for our customers. Our goal is to make it easier for our customers toimplement robust inkjet solutions into their production processes. Xennia'sexpertise in inkjet ink formulation and systems integration, together withXaar's position as a leading printhead company will, we believe, be a compellingproposition." Nigel Berry, Deputy Chief Executive of Xaar and head of business developmentsaid: "The increased level of commitment between Xaar and Xennia is asignificant step and will benefit the end-users of our technology, particularlyin the new markets we have targeted for future growth which will require bothsystems and fluid development to be successful. This announcement forms part ofour strategy of building a powerful integrator network for Xaar printheads andother products" Ends Contacts Xaar plc: 01223-423663Ian Dinwoodie, Chief Executive www.xaar.co.ukNigel Berry, Group Finance Director & Deputy Chief Executive Bankside Consultants:Steve Liebmann 020-7444-4163 / 07802-888159 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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