Nashua Corporation Signs Licensing Agreement With IBM To Manufacture and Market Point-Of-Sale -POS- Paper

Business Wire, Dec 2, 2002

Business Editors

NASHUA, N.H.--(BUSINESS WIRE)--Dec. 2, 2002

Nashua Corporation (NYSE: NSH), a premier manufacturer and marketer of thermal specialty papers, imaging products and labels, announced today it has signed a licensing agreement with IBM to produce and market point-of-sale (POS) paper under the IBM brand.

In commenting on the new licensing agreement, Andy Albert, Chief Executive Officer of Nashua, said, "We are very proud to be selected by IBM, the leading provider of POS solutions, to market their branded POS paper to our combined customer bases. This agreement supports our strategy to increase shareholder value by focusing on core businesses and partnering with market leaders. All the products we manufacture and sell under the IBM brand will be made to exact specifications, fulfilling their world-class standards of reliability and customer service. Target markets in North America will be served by Nashua's national network of manufacturing and distribution centers."

Nashua offers a wide range of after-market media and imaging supplies for POS systems, kiosks, banking equipment, office machines and large format printers. The company services a diverse customer base, including cash register dealers, OEM printer manufactures, major retailers, office products/contract stationers, business forms manufacturers/distributors and paper merchants.

About Nashua

Nashua Corporation manufactures and markets a wide variety of specialty imaging products and services to industrial and commercial customers to meet various print application needs. The Company's products include thermal coated papers, pressure-sensitive labels, copier papers, bond, point-of-sale (POS), ATM and wide format papers, entertainment tickets, as well as toners and developers and ribbons for use in imaging devices. Additional information about Nashua Corporation can be found on the World Wide Web at www.nashua.com.

Forward-Looking Statements

This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. Such risks and uncertainties include, but are not limited to, the Company's future capital needs and resources, fluctuations in customer demand, intensity of competition from other vendors, timing and acceptance of new product introductions, delays or difficulties in programs designed to increase sales and profitability, general economic and industry conditions, and other risks set forth in the Company's filing with the Securities and Exchange Commission.