HP Showcases World’s First High-speed, 30-Inch Digital Color Press

Business Wire, May 05, 2009

HP Inkjet Web Press at O’Neil Data Systems Highlights New Opportunities in High-Volume Inkjet Printing

PALO ALTO, Calif. -- HP (NYSE:HPQ) today announced developments for its HP Inkjet Web Press platform to help print service providers (PSPs) become more profitable and accelerate their transition from analog to digital printing.

On show at an open house event at Los Angeles-based O’Neil Data Systems – site of the first HP Inkjet Web Press beta installation – the press demonstrates how customers can benefit from market-leading total cost of ownership, excellent productivity and a high level of quality.

Bolstering HP’s efforts to target the $3 billion digital print market opportunity for publishing in 2010, as well as the $13 billion market opportunity for direct mail, transactional and transpromotional printing in 2010,(1) the HP Inkjet Web Press offers:

• Addressable printing resolution of 1,200 x 600 dots per inch (dpi) at a full press speed of 400 feet per minute – an industry first for high-volume continuous-feed inkjet production platforms – using the latest generation of HP Thermal Inkjet printheads based on HP Scalable Printing Technology.
• Compatibility with a wide range of media types and weights, including uncoated offset stock, newsprint, and treated and coated papers.

HP also announced the addition of Courier Corporation, a leading North American book manufacturer, and Consolidated Graphics, one of the largest North American general commercial printing companies, to the HP Inkjet Web Press pilot program.

“To date, much of the industry talk on digital color inkjet presses has been about future potential, not solutions that can make print service providers more competitive, profitable and productive today,” said Aurelio Maruggi, vice president and general manager, Inkjet High-speed Production Solutions, HP. “HP is showing the industry firsthand how the groundbreaking, 30-inch-wide HP Inkjet Web Press is bringing big benefits in an actual commercial production environment.”

Pioneering success in high-volume digital color production printing

Earlier this year, O’Neil Data Systems began commercial production with its HP Inkjet Web Press. The company is now producing health plan benefit materials and transactional documents on the press, as well as “The O’Neil Database,” a financial reference publication owned by William O’Neil & Co.

O’Neil Data Systems also is installing HP Exstream software – a leading tool for enterprise document automation – to drive its HP Inkjet Web Press.

“Our customers realize the value of print and are better served with full-color content, personalized with the most relevant data, delivered as efficiently and as quickly as possible,” said James Lucanish, president, O’Neil Data Systems. “The HP Inkjet Web Press delivers that level of value today, giving O’Neil Data Systems a strong competitive advantage.”

William O’Neil, chairman and founder for William O’Neil & Co., Investor’s Business Daily (IBD) and O’Neil Data Systems, is delivering a keynote address at the open house today addressing his companies’ strategies and digital opportunities.

“William O’Neil & Co., IBD and O’Neil Data Systems are all based to some degree on the successful management and reporting of data,” said O’Neil. “With the HP Inkjet Web Press, O’Neil Data Systems reinforces that legacy by going to what is truly the leading edge of graphic arts technology.”

Higher print quality at press-rated speeds

The HP Inkjet Web Press now features next-generation, four-color (CMYK) production printing at an addressable 1,200 x 600-dpi printing resolution for higher quality multi-drop halftone printing at the full press speed of 400 feet (122 m) per minute.

A unique bonding agent technology for the press improves image quality and durability on a wide range of uncoated offset media. In addition, HP is developing optimized coated and treated paper solutions for HP pigment inks and the HP Inkjet Web Press to offer PSPs even greater media choice.

Unprecedented flexibility with digital for Courier and Consolidated Graphics

North Chelmsford, Mass.-based Courier Corporation has entered into an agreement to participate in the development and implementation of HP Inkjet Web Press solutions as a pilot program participant. With more than 175 million books produced last year, Courier is the nation’s third-largest book manufacturer.

Through its participation, Courier will gain access to HP’s technology and resources in digital print, and HP will gain access to Courier’s experience and knowledge of book manufacturing.

“We believe in partnering with the best, and HP’s technology puts it in a class by itself,” said James F. Conway III, chairman and chief executive officer, Courier. “The excellent quality of the books produced on HP’s new press is comparable to books produced by offset. Together, we will be able to help publishers operate with lower inventory levels and reduced obsolescence.”