Tagged With "Ninestar"
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Ninestar to launch flat rate program?
Ninestar to launch flat rate program? - Ninestar Corporation of Zhuhai, China, and parent company of Lexmark, announced that it’s officially launching its G&G Instinkt program - soliciting worldwide business partners for the project - is a monthly printing program under which customers are charged based on the number of pages they have printed, rather than the on amount of ink/toner they have used - Instinkt will support printers from HP, Epson, Canon, and Brother - provides only...
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Lexmark parent settles lawsuit
- Ninestar Corporation of Zhuhai, China, owner of Lexmark, announced that it’s reached a settlement with the Yuzhe Company involving a patent-infringement lawsuit that Ninestar filed against Zhongshan Yuzhe o Ninestar alleged that Zhongshan Yuzhe infringed on Ninestar’s ink-cartridge patents, but has now reached a settlement o will also pay Ninestar an undisclosed amount in damages. - Ninestar also recently completed the acquisition of three companies: o Tuojia Technology (Topjet) for $30.1...
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Ninestar bringing Pantum MFPs to US?
Ninestar bringing Pantum MFPs to US? - Ninestar of China is owner of Lexmark - Apparently will be marketing its Pantum brand of printers and MFPs in the U.S. where previously they were only marketed in China - Example is the Pantum M6502NW b/w laser MFP o A4 model o Pricing not announced o Top speed of 23ppm o Print/copy/scan standard o 7.8 second first page out time o Uses refillable toner cartridge o Built-in print controller WiFi 600MHz processor 128MB RAM
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Ninestar to build new printer/MFP plant
Ninestar to build new printer/MFP plant The owner of Lexmark announced it will build a new printer/MFP manufacturing plant in Pingsha Town, China - Will make products that will carry Lexmark or Pantum name - Ninestar receives financial assistance from Chinese government for the project
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Lexmark wins BLI awards
Lexmark wins BLI awards Lexmark, owned by Ninestar of China, announced it was recognized by BLI with two awards: o Retail Pacesetter Award 2020-2021 Labels and patient information packs for pharmacies Shelf tags and signage for stores Multi-part inserts for ship-to-store applications Output from customer facing kiosk o Manufacturing Pacesetter Award 2020-2021 Specialty media handling Printing of GHS (globally harmonized system) labels Creating of RFID tags Supply Chain...
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Ninestar reports first half earnings
Ninestar reports first half earnings Ninestar Corporation of Zhuhai, China, owner of Lexmark, released financial results for the first half of its fiscal year, January to June 2020. - operating income down 8.26% to RMB 9.988 billion ($1.455 billion) - net profit was down 3.72% to RMB 358.91 million ($51.279 million) - Pantum division (maker of desktop printers) hardware shipments increased by more than 50% o shipments of Pantum consumables increased by 60% - Lexmark division reported...
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Xerox partnering with Ninestar of China?
Xerox partnering with Ninestar of China? Article published in RTMedia claims that Xerox’s newly launched Xerox Everyday Toner, is actually supplied by Ninestar of China (owner of Lexmark) - The printer/MFP cartridges are apparently clones, instead of remanufactured cartridges - The Ninestar-made product is designed to be used in devices made by Xerox’s competitors (i.e. Canon, Sharp, HP, etc.)
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Ninestar to launch new printer line
Ninestar to launch new printer line Ninestar of China, which owns Lexmark, also owns G&G, which is best known as supplier of replacement printer cartridges - Will now introduce a line of A4 b/w laser printers under G&G brand - First models will be a 33ppm printer and a 33ppm MFP - Pricing not announced
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Canon Sues Ninestar for Infringement of Toner Cartridge Patents
Canon, whose products include printers, copy machines, and cameras, filed a complaint against Ninestar Technology Company, Ltd., and related entities on Wednesday in the Central District of California for patent infringement claiming that the defendants infringed Canon’s patents-in-suit, which are related to toner cartridges for its printers. The patents-in-suit are United States Patent Nos. 9,851,688 (the ’688 patent); 9,857,766 (the ’766 patent); 10,620,582 (the ’582 patent); 10,712,709...
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Lexmark adds to Cloud Fleet Management
Lexmark adds to Cloud Fleet Management - Lexmark, owned by Ninestar of China, launched new features in its Cloud Services offering to dealers - including third-party device monitoring, an expanded and free premium app catalogue, and touchless print - allows dealers to remotely configure Lexmark printers and keep them up to date with the latest recommended firmware - Solution Composer allows dealers to automatically build a workflow specific to a customer’s needs, tailored around key...
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Sharp to soon launch new A4 b/w MFPs
Sharp to soon launch new A4 b/w MFPs During first half of 2021, will ship the MX-B467F, B427W b/w laser A4 MFPs Will also launch print only MX-B467P and B427PW models Top print speeds of 46ppm and 42ppm respectively Some industry analysts believe that these models will be relabeled from Lexmark (division of Ninestar of China)
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Lexmark’s parent builds new printer plant
Lexmark’s parent builds new printer plant Ninestar, owner of Lexmark, announced that the first phase construction of a printer manufacturing factory is approaching completion in Zhuhai, China - The industrial pack covers an area of 900,000 square meters and funded by $1.3 billion - Phase 1 is targeted to produce 2 million print devices per year - After Phase 2, will target a total of 4 million
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Lexmark partners with university
Lexmark partners with university Lexmark is a division of Ninestar of China - Announced extension of partnership with University of Kentucky, which is in Lexington, home of Lexmark’s US headquarters - Agreement is designed to accelerate innovation - Sponsoring scholarship for women and minority engineering students
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Ninestar to push another brand in U.S.
Ninestar to push another brand in U.S. Ninestar of China, owner of Lexmark, announced it plans on also marketing printers and MFPs from another division it owns, called Pantum - Will be launching various 22ppm to 40ppm b/w laser models and selling them on Amazon.com - “it will focus on developing more B2B products for the U.S. market”, including color laser printers and MFPs - Will also develop a local distributor network for U.S. customers
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Ninestar reports last fiscal year earnings
Ninestar reports last fiscal year earnings Ninestar Corporation of Zhuhai, China, which owns Lexmark, released results for its fiscal year ending on December 31, 2020, and for its first quarter of 2021, which ended on March 31, 2021. - reported full-year revenue of 19.585 billion CNY, down 15.93% - Net profit was 87.94 million CNY, down 88.18% - for its first quarter, Ninestar reported 4.86 billion CNY, down 7.31% o net profit was 215.33 million CNY, up 610.50% - Lexmark printer/MFP division...
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Ninestar’s aka Lexmark to launch new b/w’s
Ninestar’s aka Lexmark to launch new b/w’s Ninestar of China’s Lexmark division announced plans to ship the XM1342 MFP and M1342 models - A4 b/w laser units - top speed of 42ppm - M1342 is print only model - XM1342 offers copy/print/scan/fax o Document feeder scans both sides of original at same time Top scan speed of 96ipm or 48opm o 2.8” color LCD touchscreen panel o 5.9 second first copy out time o Black toner yield of 18,000 pages based on 5% coverage per page o Drum yield of 40,000...
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Ninestar announces earnings
Ninestar announces earnings - Ninestar of China is parent of Lexmark, Pantum, etc. - Published preliminary financials for first half of 2021 - Total revenue up 0.5% to 9,937 million yuan ($1.5 billion) - Operating profit up 18.9% to 721.9 million yuan - Total profit up 24.9% to 788.9 million yuan - Lexmark division “achieved shipments in the OEM strategic partner business” (Sharp and Toshiba are also selling Lexmark devices o Has been “able to stabilize its managed print services business...
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Ninestar to acquire supplies vendor?
Ninestar to acquire supplies vendor? Ninestar of China, which owns Lexmark, apparently has budgeted just under $700 million for mergers/acquisitions, according to article published in Actionable Intelligence magazine - Authors speculate that company will target a third-party supplies vendor or remanufacturer and add to its Lexmark division
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Xerox to relabel Lexmark A4 units
Xerox to relabel Lexmark A4 units Launched the C235, a color laser A4 desktop MFP and the C230, a desktop color laser print only device - (since its technology agreement with Fujifilm expired in 3/2021, Xerox is free to source from other vendors) - Both models are 24ppm top speed - MSRPs of $489.99 for MFP and $329.99 for printer My first thought is Xerox now bringing Ninestar (Ninestar owns Lexmark) devices to their clients. Would have the chat with my client about who Ninestar is and their...
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Office technology in-person trade show
Office technology in-person trade show ITEX Show returns to Las Vegas, Nevada on 11/9-10/21 - 65 vendors to have display booths including: o Brother o Epson o Muratec o Ricoh/Docuware o Kofax o M-Files o Ninestar/Lexmark
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Re: Office technology in-person trade show
I opted not to go this time. The last event in Las Vegas back in 2019 was horrible for the vendors. The first day had traffic but it was so so, and the last day was a ghost town on the show floor. I know to speakers and some dealers going, of course the speakers have to talk it up. For the good of the show I hope it works out but I have a feeling this will be another snooze fest
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Ricoh launches color laser A4 models
Ricoh launches color laser A4 models Now offering the MC240FW color laser A4 MFP and the PC200W color laser A4 printer Both models are actually manufactured by Ninestar/Lexmark (which is also supplying A4 products to Xerox) Top speed of 26ppom
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Lexmark’s parent to raise more funds
Lexmark’s parent to raise more funds Ninestar Corp. of China, which owns Lexmark, announced it intends to issue $290 million worth of convertible bonds Funds will be used to “promote Lexmark’s development and enhance its profitability” “A major breakthrough has been made in the enterprise-level strategic partner cooperation business” (this may be in regards to Xerox now relabeling Lexmark-made devices)
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Ninestar publishes forecast
Ninestar publishes forecast Ninestar of Zhuhai, China is owner of Lexmark, and other companies - Forecasting net profits of $228 million to $260 million for its 2021 fiscal year - Claims that global printer/MFP shipments and revenue continue to increase - Predicts that Lexmark division operating revenue will be up 7% to $2.1 billion o EBITDA (earnings before interest, taxes, depreciation and amortization) is predicted to exceed $270 million
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Ninestar takes more control of Lexmark
Ninestar takes more control of Lexmark Ninestar of China announced it will increase its ownership of Lexmark from 54.4% to 63% Will issue a loan to Lexmark for $180 million 5 year term Interest rate of 6% Deal to be completed by 9/20/22
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Ninestar to spin off a division
Ninestar to spin off a division Ninestar of China, parent of Lexmark, announced it will spin off its Geehy Microelectronics division and publicly list the company Division makes chips for industrial and automotive industries
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Lexmark’s parent releases its FY end forecast
Lexmark’s parent releases its FY end forecast Ninestar of China, which owns Lexmark, stated that it expects its net profit to be up to 2 billion RMB (Chinese yuan) ($295 million), up to 71.94% increase over prior year, for fiscal year ending on 12/31/22 Lexmark division revenue up 7% to $2.3 billion Printer unit sales up 20% Earnings before interest/tax/ depreciation/amortization (EBITDA) down 85 to $250 million Printer consumables operating income up 11% to 6.1 billion RMB
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Lexmark’s parent involved with fraud?
Lexmark’s parent involved with fraud? Research published by MicroNet Solutions Inc. Paid for as part of HP’s Anti-Counterfeit and Fraud program, investigating printer and MFP consumables sold in HP packaging that also trick HP devices into informing customers that they are using genuine HP cartridges Report states that the confiscated cartridges inspected employ chips that are supplied by Ninestar of China that generate the false and misleading messages Ninestar of China owns Lexmark
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Ninestar reports on Lexmark division
Ninestar reports on Lexmark division Ninestar of China reported financial results for FY2022 for its Lexmark division Total revenue up 7.3% to $2.337 billion Gross profit down 4.8% to $675 million Gross profit margin down from 32.6% to 28.9% EBITDA (earnings before interest, taxes, depreciation & amortization) down from $273.5 million to $249 million Device units shipments up 20.9% to 2,443,200 (currently supplies print engines to Ricoh, Sharp, Toshiba & Xerox)
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Ninestar involved with counterfeiting?
Ninestar involved with counterfeiting? Texplained, a testing laboratory in Valbonne, France, announced that its test results shows that Ninestar of China, owner of Lexmark, is source for chips used in counterfeit toner cartridges Follows similar results reported by MicroNet Solutions Inc. testing lab in Albuquerque, NM Both labs were commissioned to perform testing by HP Inc.
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Lexmark announces its top dealer in USA
Lexmark announces its top dealer in USA Lexmark is division of Ninestar of China In 2022, its top dealer was Gordon Flesch Company, headquartered in Wisconsin Became dealer in 2010
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Lexmark troubles
I'm not fan of any business in our industry that may face uncertain times. Many of those that work at Lexmark are also based here in the US . The recent issue with NineStar has posed some issues. What they are, guess your guess is as good as mine. However, I have a cold calling event on Wednesday of this week and I'll be stopping in to see those accounts that have Lexmark devices and MPS. Art
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Will Feds ban Lexmark products in USA?
Will Feds ban Lexmark products in USA? Lexmark (which has 63.04% of its shares owned by Ninestar of China) published official statement about federal ban on some Ninestar products “As a global manufacturer that utilizes a multi-source strategy and regional manufacturing facilities, only a small portion of Lexmark manufacturing comes from Ninestar and its affected subsidiaries. We do not anticipate significant business disruption from this order” According to ProductFrom.com, Lexmark sources...
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Sharp tp Relable Ninestar Devices
Sharp to relabel Ninestar devices Sharp announced that it is launching three new color A4 laser devices that are sourced from Lexmark which is a division of Ninestar of China The MX-C528P is a print only device, the MX-C428F/C528F are A4 color laser MFPs C528P offers top speed of 52ppm 10” color LCD touchscreen 650 standard paper capacity Can expand to 2,850 sheets 1200x1200dpi USB and 10/100/1000BaseT ports Document feeder scans both side of original at same time Holds up to 100 originals...
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Ninestar announces Lexmark’s financials
Ninestar announces Lexmark’s financials Ninestar of China, owner of Lexmark, stated that Lexmark’s first half sales were down 32% YoY EBITDA down 33% to $88 million Forecasts that operating income for printer consumables business expected to be down 5.95% Ricoh, Sharp, Toshiba and Xerox are all still sourcing printers and MFPs from Lexmark, even though some of the products may be made using forced labor by Ninestar plants in Zhuhai, China (does not yet show effect of the federal ban on some...
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BTA to have meeting about Ninestar issues
BTA to have meeting about Ninestar issues The Business Technology Association, is the copier dealer industry group in the U.S. On 7/25/23 issued an official statement notifying copier dealers in the U.S. about the ban “any product produced through forced labor should be foreclosed from use within the industry” Stated that it is involved with the U.S. Department of Homeland Security to “determine the breadth of these restrictions and the products banned” Will hold meeting in Boston,...
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International Council condemns Ninestar
International Council condemns Ninestar Press release published by the well-known International Imaging Technology Council in response to announcement from the U.S. federal government about Ninestar using forced labor for some of its products. Asks its members worldwide in print industry to “ensure that products are not produced using forced labor” “Let us work together to eradicate such unethical practices from our supply chains” Ninestar (headquartered in China) is the “third largest...
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Ninestar filed a lawsuit in New York
NEW YORK--( BUSINESS WIRE )--Today, Ninestar Corporation and certain subsidiaries (collectively “Ninestar”) filed a lawsuit against the U.S. Department of Homeland Security (DHS) and other related parties of the U.S. government before the U.S. Court of International Trade. DHS added Ninestar and certain of its subsidiaries to the Uyghur Forced Labor Prevention Act (UFLPA) Entity List without offering any explanation or justification whatsoever for said action. Ninestar has not identified any...
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Ninestar of China reports earnings
Ninestar of China reports earnings Company accused of using slave labor in some of its manufacturing plants to produce printers/MFPs/cartridges Owns controlling interest in Lexmark First half 2023 operating income down 0.03% to $1.69 billion Profit down 67% to $48.3 million Lexmark division operating income down 11.83% to $140.6 million Total revenue down 11.8% to $1.021 billion Gross profit down 10.6% to $313 million
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Toshiba to source more from Ninestar division
Toshiba to source more from Ninestar division Launches the new eSTUDIO 409AZ, 479S and 509CS series of A4 laser MFPs All are relabeled Lexmark products, which is a division of Ninestar of China (did not announce which plant that these devices are manufactured in) 42ppm, 50ppm and 52ppm top speeds respectively 509CS is a full color model with 10” color LCD touchscreen Document feeder holds up to 100 originals and scans both sides of original at 104ipm or 52opm 409AS has 4.3” color LCD...
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Walmart dumps products from Ninestar of China
Walmart dumps products from Ninestar of China Replacement printer/MFP cartridges, sourced from Ninestar of China, are no longer listed on Walmart’s website Also removed are Pantum-branded A4 laser printers and MFPs, which are also made by Ninestar
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Feds respond to Ninestar of China lawsuit
Feds respond to Ninestar of China lawsuit (Lexmark is a division of Ninestar of China) Ninestar of China had recently filed a lawsuit demanding that their products be removed from a ban. U.S. has requested the Court of International Trade (CIT) to dismiss Ninestar of China’s lawsuit arguing that the decision to ban some of Ninestar’s products was “not arbitrary, capricious, or an abuse of discretion” nor a violation of the Administrative Procedures Act as Ninestar is claiming Is asking CIT...
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Xerox sources more devices from Ninestar
Xerox sources more devices from Ninestar Launched several new devices made by the Lexmark division of Ninestar of China (unknown which plant the devices are made in) (other current models sourced from Ninestar include; C230, C235, C310, B230, B225, B235, B305, B315 and B625) Now offering the B410 b/w laser printer and the C410 color laser printer, both A4 models B410 offers top speed of 50ppm for MSRP of $849 C410 offers top speed of 42ppm for MSRP of $749 4.2” color touchscreen LCD control...
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Ninestar of China named in lawsuit
Ninestar of China named in lawsuit Ninestar of China is parent of Lexmark and is currently fighting a U.S. ban on some of its products due to claims of use of slave labor Has now been named in allegations involving money laundering by the president of University of Hong Kong, according to report from Radio Free Asia Allegedly involved in payment of a $1.1 million bribe, advertised as scholarship funds Ninestar has not yet commented on the matter
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Lexmark’s parent loses in court again
Lexmark’s parent loses in court again Ninestar of China, owner of Lexmark, is fighting ruling and bans on some products as U.S. federal government claims to have proof of use of slave labor in some of Ninestar’s plants in China Ninestar attempted to have the charges dropped by trying to force U.S. government to reveal details and sources used to discover the plant labor violations Judge Gary S. Katzmann on 10/24/23 issued an order siding with the U.S. Dismissed Ninestar’s motion as moot
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Lexmark’s parent reports last quarter earnings
Lexmark’s parent reports last quarter earnings Ninestar of China is owner of Lexmark, is feeling effects of partial U.S. ban due to use of force labor Operating income down 15.49% to 5.64 billion yuan ($771 million) Net profit was a loss of 138 million yuan, down 128.53% Earnings per share down 128.41% Lexmark division had 12.3% decline in operating income Printer/MFP revenue up 5.8% Total revenue up 12.4%
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IDC reports on print hardware sales
IDC reports on print hardware sales International Data Corporation published data on global hard copy peripheral market for last quarter Total of 19.5 million units shipped, including laser, inkjets, etc. Down 7.9% YoY Declined 11.7% in prior quarter Shipments in USA up 7.5% Canon was up 4.2% to 4.5 million units shipped worldwide (primarily color A4 devices) HP Inc. was down 14.7% Ninestar of China was down 23.2% (owner of Pantum, Lexmark, etc.)
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Ninestar attempting to avoid US ban
Ninestar attempting to avoid US ban According to the U.S. Department of Homeland Security, Ninestar is using slave labor to make print cartridges, printers and MFPs at one of its manufacturing plants in China, which led to a ban of these forced-labor products from being imported into the US. Some industry publications are claiming that Ninestar’s G&G division is getting around the ban by shipping via air into the US to avoid US customs Ninestar, headquartered in China, is suing the US...
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Ninestar to launch “Pantum” A3 MFPs
Ninestar to launch “Pantum” A3 MFPs Ninestar of China, which is under investigation for use of slave labor, announced plans to launch 5 new A3 MFPs under the “Pantum” brand (Ninestar also owns the Lexmark brand) Speeds range from 22ppm to 26ppm Includes color and b/w models Document feeder holds up to 100 originals Top scan speed of 30opm 4.3” color LCD touchscreen Will initially only be marketed in the country of China