REG - Xaar PLC - LAUNCH OF PRINTHEAD FAMILY & STRATEGIC PARTNERSHIP <Origin Href="QuoteRef">XAR.L</Origin>

XaarAnnouncement

02/06/2016 15:05

RNS Number : 0723A
Xaar PLC
02 June 2016
2 June 2016 
Xaar plc
LAUNCH OF NEW PRINTHEAD FAMILY AND STRATEGIC THIN FILM PARTNERSHIP
Xaar ("Xaar, "the Group" or "the Company"), the leader in industrial inkjet technology headquartered in Cambridge, UK, is pleased to announce two important developments at drupa, the largest printing equipment exhibition in the world. 
Launch of Xaar 5601 (P4) printhead family
Xaar has launched the new Thin Film piezo Silicon MEMS 5601 (also known as P4) family of printheads which deliver a market-leading combination of low cost of ownership, print quality and usability. The Xaar 5601 3p0 is the first of this printhead family to be launched and will be available at the end of 2016. Its small drop and outstanding performance make it ideal for textiles, laminates, commercial print, carton printing and many more applications.
Strategic Thin Film Partnership 
Xaar and global technology company, Ricoh, have established an important partnership to capitalise on each company's considerable expertise in Thin Film piezo printhead development. The partnership will deliver substantial benefits to the customers of both Xaar and Ricoh through market-leading technology and a broader range of Thin Film piezo printheads.
The announcement comes at an exciting time for Xaar, whose Bulk piezo inkjet technology is already at the heart of an enormous number of industrial printing systems in a wide variety of applications around the world. Xaar's collaboration with Ricoh relates to new technology and products developed for a number of its new Thin Film piezo printheads. The first product which has benefited from this partnership, the Xaar 1201 GS2p5, is on display on the Xaar booth at drupa. 
Doug Edwards, Xaar's CEO, said:
"We are delighted to announce the new Xaar 5601 family of printheads and the strategic collaboration with Ricoh, both of which will provide end customers in many industry sectors with improved productivity at lower cost. Continued investment in technology and product development, together with strategic partnerships, are key elements of our 2020 vision." 
CONTACTS 
Xaar plc
Doug Edwards, Chief Executive Officer
Today: +44 (0) 20-7353-4200
Alex Bevis, Chief Financial Officer
Thereafter: +44 (0) 1223-423663
www.xaar.com
Tulchan Communications
James Macey White
+44 (0) 20-7353-4200
Chloe Barnes
Nick Hennis
About Xaar
Xaar is a world-leader in the development of inkjet technology and manufacture of piezoelectric drop-on-demand industrial printheads. The company also develops and sells ink systems, electronics and fluid optimisation services to accelerate inkjet system development and adoption. Xaar printheads incorporate patented technology which delivers unbeatable performance when decorating, patterning, depositing functional coatings on, or adding structure to, a variety of industrial and consumer products. Today leading manufacturers worldwide, in sectors ranging from ceramics, wide-format graphics and labels to direct-to-shape packaging and decorative laminates, choose Xaar's printheads because they are extremely precise, exceptionally versatile, incredibly reliable, and designed for high-volume production. Additional information about Xaar is available at www.xaar.com
About Ricoh
Ricoh is a global technology company that has been transforming the way people work for more than 80 years. Under its corporate tagline - imagine. change. - Ricoh continues to empower companies and individuals with services and technologies that inspire innovation, enhance sustainability and boost business growth. These include document management systems, IT services, production print solutions, visual communications systems, digital cameras, and industrial systems. Headquartered in Tokyo, Ricoh Group operates in approximately 200 countries and regions. In the financial year ending March 2016, Ricoh Group had worldwide sales of 2,209 billion yen (approx. 19.6 billion USD). For further information, please visit www.Ricoh.com

This information is provided by RNS
The company news service from the London Stock Exchange
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