News Releases

UXBRIDGE -- In an open forum at IPEX 2006, the printing industry's largest international exhibition this year, Xerox will bring together a high-powered panel of industry leaders and business experts aimed at exploring hidden opportunities and pitfalls affecting the future of printing and graphic communications. The event, moderated by best-selling author and British broadcaster Jeremy Paxman, will take place in the Forum building at the National Exhibition Centre (NEC) in Birmingham, UK, on April 4, beginning at noon. Panelists will include Anne Mulcahy, chairman and CEO, Xerox Corporation; Bernhard Schreier, chairman and CEO, Heidelberger Druckmaschinen; Edward Carr, business affairs editor, The Economist ; and Barry Hibbert, CEO of the Polestar Group, one of Europe's leading printing companies. Paxman will lead the group in a provocative discussion of the changing role of technology and work processes in an industry that is seen as a bellwether for the global economy. Panelists will highlight market trends, challenges and real-world opportunities designed to help print providers make better business decisions. Attendees will also be invited to share their views and ask questions. "The health of graphic communications companies today is dependent on many factors in addition to ink on paper, such as declining marketing budgets and the growth of integrated communications vehicles," said noted industry analyst Andrew Tribute, president of Attributes Associates. "It is critical that IPEX attendees take the larger economic and business environment into account and apply the lessons they will learn from this must-see event." Titled "In the balance - your choices, your success," the event is free and open to all IPEX 2006 attendees. For more information and to register, go to www.industryforumatipex.com/ . Seating is limited. About Xerox Europe Xerox Europe, th

UXBRIDGE -- For the next six weeks, readers of The Daily Telegraph 's business section will see its popular cartoon strip, Alex in full colour for the first time ever, courtesy of technology and services company Xerox. This new-look Alex will front the company's latest multi-platform UK colour brand campaign, encompassing television, outdoor, trade, national and online media, designed to underline Xerox's position as the clear leader in business colour with the industry's largest portfolio of colour devices coupled with a strong heritage in colour innovation. Created by Charles Peattie and Russell Taylor in 1987, the Alex cartoon strip made its début in The Daily Telegraph in 1992 and follows the working life of City high-flyer Alex Masterley, sharing his wry observations on the corporate and financial world. As part of the Xerox colour brand campaign, for the first time in his history Alex will appear with all four frames in colour, running from Monday 27 February for six consecutive weeks. Special story lines have also been developed by the cartoon strip's creators in support of Xerox's colour message, themed on the benefits that Xerox colour can bring to business. The campaign extends to online, with readers able to download a specially designed Alex "skinker" - a technology that delivers information to the desktop - from The Daily Telegraph website. This will feed through breaking business news three times a day. "We are delighted to be partnering with Alex for our latest Xerox brand campaign. He is a fun character, loved by everyone, and we're looking forward to injecting some extra colour into his life - and brightening up Monday morning for Telegraph readers too!" commented David Millican, head of communications, Xerox UK. "The new all-colour Alex cartoon and desktop icon are a real departure both for Xerox and The Daily Telegraph . Xerox has a history of colour innovation, with our unique solid ink

UXBRIDGE -- Xerox's board of directors yesterday promoted Armando Zagalo de Lima, president of Xerox Europe, to corporate senior vice president. In addition, Xerox executives John M. Kelly and Sophie V. Vandebroek were elected corporate vice presidents. Zagalo de Lima, 47, joined Xerox in Portugal in 1983 and has held a variety of management positions, including general manager of Xerox Belgium, general manager of Xerox's Southern European entity, and chief operating officer of Xerox Europe. In his current role as president of Xerox Europe, Zagalo de Lima is responsible for leading the company's sales and marketing operations in about 20 countries. He was named a corporate vice president in July 2000. Kelly, 45, joined Xerox in 2004 as senior vice president and chief operating officer of Xerox Global Services. Prior to Xerox, he held leadership positions at NEC including chief executive officer of its U.S. consulting subsidiary, and with Cap Gemini's consulting business as managing director of North America and senior vice president of its European operations. Vandebroek, 44, became the company's chief technology officer and president of the Xerox Innovation Group on January 1. Prior to this appointment, she was the company's chief engineer and head of the Xerox Engineering Centre. Over the past 13 years, Vandebroek has held a succession of technology positions at Xerox, including director of the Xerox Research Centre of Canada and technical advisor to Xerox's executive team. These corporate officer appointments are effective immediately. In other board actions today, a dividend of $1.5625 per share was declared on outstanding 6.25 percent Series C mandatory convertible preferred stock. The dividends will be paid April 1 to shareholders of record as of March 10. About Xerox Europe Xerox Europe, the European operations of Xerox Corporation, markets a comprehensive range of Xerox products, solutions and services, as well as associated suppli

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UXBRIDGE -- Xerox today announced the availability of an easy-to-use entry-level wide-format digital system, suited to architectural, engineering and construction (AEC) applications, the 6204 Monochrome Wide Format System which will help users take advantage of the burgeoning wide-format market predicted to grow by a third (32 per cent) in the next three years. The 6204 is one of the fastest printers in its class and is an affordable option for customers migrating to digital printing or for those entering the wide-format market for the first time. "Xerox is an important player in the monochrome wide-format market with one of the largest installed bases," said Tim Greene, director of the wide-format research group at InfoTrends, a leading independent industry research firm. "They now have a complete portfolio of products for printing technical documents in small and medium businesses, large enterprise and print-for-pay." Digital low-end wide-format printer revenue is expected to grow from $87 million in 2005 to $115 million in 2009, easily the fastest growing segment of the wide-format digital printer market, according to InfoTrends. "Wide-format is an exciting growth area for Xerox and we have invested heavily to integrate it into the Production Group since we took the decision to bring what was the independent XES operation fully into Xerox. Although we have grown the business over the last two years the 6204 launch marks the first of a number of market-led product launches that will accelerate this growth even more by targeting segments where our customers really want us to improve our portfolio," said Valentin Govaerts, Senior Vice President for Production Systems and Graphic Arts, Xerox Europe. Two Configurations Deliver Speed and Flexibility The Xerox 6204 is available in two network ready configurations - printer and printer/copier, which both have a range of options. In addition to the configuration options, the 6204 includes several feat

UXBRIDGE -- One hundred years ago today Chester Carlson, the inventor of xerography, was born - a man whose genius would forever change how people share information and would ultimately generate a document management industry worth more than $112 billion. Carlson's invention is the method by which most of the world's printed documents we see in offices are created today. Xerography is the technological foundation of copiers, laser printers, and digital production printers. It is used to create credit-card statements, personalised direct mailings, instant books and posters as well as countless memos, receipts, records and much more. Carlson biographer David Owen estimates that in 2004, there were about 4 trillion pages printed on products made possible by Carlson's invention of xerography. Though Carlson died in 1968 at age 62, his passion for creativity and exploration has lived on through generations of Xerox researchers and continued investments in innovation. As a boy Carlson suffered such wretched poverty that his family lived for a time in a decaying shed. Socially isolated by the poverty, he developed a singular way of looking at things. By the time he was 12, he determined that the best way to escape his situation was to invent something. After obtaining a degree in physics and a sizeable debt, he found work as an assistant to a patent attorney, a paper-intensive job where he saw first-hand the need for a simple, convenient method of making copies. Carlson began experimenting with electrostatic charges and materials that were photoconductive - their electrical properties changed when exposed to light. On October 22, 1938, when he was just 32, he created the first xerographic image. The process took its name from the Greek words for "dry" and "writing." It took another two decades and a bet-your-company investment by a small upstate New York firm named The Haloid Company - which became Xerox Corporation in 1961 - before people could use C

UXBRIDGE -- Today HM Prison Service unveiled its brand new digital print centre at Standford Hill Prison on the Isle of Sheppey in Kent, installed to provide prisoners with valuable NVQ qualifications in creative services and desktop publishing. Opened by Ann Beasley, the HM Prison Service's director of finance, this centre is part of an initiative designed to increase prisoners' employment prospects and to help prevent prisoners from re-offending once they are released. Xerox was chosen to equip the prison with state-of-the-art digital kit including a Xerox DocuColor 5252 Digital Colour Press and a Xerox Nuvera 100 Digital Copier/Printer with an inserter module. These systems will merge colour with black-and-white applications and use a powerful finishing and booklet maker from Morgana. "This represents a unique opportunity for us to help prisoners learn professional skills which will help them find better skilled and well-paid employment when they are released," says John Wilson, Governor of HM Standford Hill Prison. "So far the take-up from the prisoners has been very encouraging - many are already discussing setting up their own businesses and gaining further qualifications once they have left. The print shop is a prime example of what the Prison Service could implement nationwide." Well known for promoting high standards of training, Xerox staff with NVQ-accredited qualifications will train prison supervisors in a range of operator courses for both the colour and monochrome products and provide materials to support long-term learning. Prisoners will then be trained by the prison supervisors to develop their operator skills and will receive follow-up supervision from Xerox trainers to verify that they have attained Xerox's Customer Education training course and later the Advanced Customer Training (ACT) course. Prisoners will be using the digital printers to produce professional work for the prison, and contracted work for businesses outside of

UXBRIDGE -- Xerox today announced the streamlining of its European distribution model, which could eventually treble the number of resellers through which Xerox Office products can be bought. SMARTer Distribution will deliver sustainable growth to Xerox Office Group by taking advantage of economies of scale that give end users guaranteed service levels and increased choice. During 2006 Xerox's two-tier distribution model, which currently consists of 49 country-based tier-one distributors serving some 8,000 resellers, will be restructured to comprise three regional master distributors - Scribona, Tech Data and Ingram Micro. Tech Data and Ingram Micro will cover the bulk of the Western European countries, while Scribona will provide product distribution in the Nordic countries. Around a third (16) of the 49 current Xerox Office distributors are local offices of Scribona, Ingram Micro or Tech Data, which will remain as part of the SMARTer Distribution network. In the UK, Xerox will retain Micro-P (Micro Peripherals) as a hardware distributor, to work alongside Ingram Micro and Computer 2000 (part of the Tech Data Group). Transition from Xerox's current distributors to the new distribution model will take place throughout 2006. The new model will ensure that Xerox Office products are made available to most, if not all, of Western Europe's 30,000-plus printer and copier resellers. Scribona, Tech Data and Ingram Micro also cover the vast majority of the IT market and therefore Xerox can reach a larger number of IT resellers than today - a key focus in the company's growth strategy. The SMARTer Distribution companies, all of whom currently work alongside Xerox and have an international presence, were chosen because their business strategies were compatible with Xerox's own: They have exceptional logistical capabilities and comprehensive IT infrastructures, as well as the ability to support and develop the sales channel. They will collect the hardware from

UXBRIDGE -- Xerox announced today fourth-quarter 2005 earnings per share of 27 cents, reflecting an 18 per cent increase in net income from fourth-quarter 2004. The company also announced plans to repurchase an additional $500 million of its common stock and said it expects to deliver full-year 2006 earnings at the high end of the company's guidance. "Our earnings performance in the fourth quarter met expectations with increased gross margins, lower costs and operational improvements," said Anne M. Mulcahy, Xerox chairman and chief executive officer. "We delivered another quarter - and another year - of earnings growth. Our strong financial position, with full-year operating cash flow of $1.4 billion, gives us the flexibility to invest back in the business and enhance shareholder value through an expanded share repurchase plan. "During the quarter, equipment sales were impacted by a more significant shift in product mix with stronger sales of lower-priced systems. At the same time, demand and installation activity accelerated for key products like entry-level colour production systems and office desktop multifunction devices," added Mulcahy. "This increased activity fuels future post-sale revenue - the engine of growth for Xerox's annuity-based business. We're confident that the short-term impact on equipment sale revenue will deliver long-term gains in top-line growth. "As important is that our leadership in digital colour printing continues to deliver strong results," said Mulcahy. "Revenue from colour grew 17 per cent in the fourth quarter and colour now represents 32 per cent of our total revenue, up five points from last year." In the fourth quarter, the company's equipment sales and total revenue of $4.3 billion were impacted by three points of currency, contributing to a two per cent decline. On a constant currency basis, total revenue and equipment sales grew one per cent. Post-sale and financing revenue, which represents about 70 per c

UXBRIDGE -- Visionary companies in the global graphic arts industry continue to embrace the benefits of digital, increasing their productivity and gaining new customers with the Xerox iGen3® Digital Production Press and Xerox Nuvera™ Digital Production Systems. Xerox iGen3 customers have produced more than three billion pages of material worldwide, with over 70 iGen3 systems printing more than one million pages per month. "Since the recent enhancements to the iGen3 and proven high ROI on all our digital equipment, demand has continued to grow," says Valentin Govaerts, Senior Vice President, Production and Graphic Arts Industry, Xerox Europe. "We have recently expanded in the Middle East and Turkey, and iGen3 installations have been secured in regions recently introduced to the iGen3, such as in South Africa, Russia and Romania. With these successes in mind, we're hoping to help our customers understand how to maximise their digital portfolio." The first example of Xerox's expansion into developing markets and recognition of the possibilities of digital is at graphic arts company Xpress Printing in Romania. The company recently purchased its second iGen3 after the success of its first installation and due to the growing market in personalised print. "Our customers were so impressed with the customised element carried out by the iGen3 we decided to buy another one to keep up with demand," says Panayiotis Vassos, General Manager at Xpress Printing. "We're now using both machines to produce a range of short-run, variable data such as high quality personalised calendars." A second example of the iGen3's impact in developing regions is at another Romanian graphic arts company called TipArt Group. The company purchased its first iGen3 in 2005 because it suited specific needs for high quality output at fast speeds. "We are now convinced that the iGen3 will help us successfully deliver the wide range of jobs our customers demand, no matter how complex, thus being