NEWS – For Immediate Distribution
EFI Acquires
Miniaturization Company NanoPrint
Acquired Technology to be Used
in Developing Micro-VUTEk
Driven by Fiery Mini-RIP
[EFI
CEO Guy Gecht shows a prototype of the Micro-VUTEk pocket
printer.]
Foster City, Calif. – April 1, 2012 – EFI™, a
world leader in customer-focused digital printing innovation, today announces
the acquisition of NanoPrint LLC, a miniaturization company based in American
Samoa. While financial terms of the transaction were not disclosed, the
acquisition is not expected to be material to EFI’s 2012 results. EFI plans to
utilize the NanoPrint technology to release a Micro-VUTEk® pocket-printer,
driven by a Fiery® Mini-RIP. Current CEO Edward Minimi will step down and CTO
Michael Smolen will take on the roll as the new general manager of EFI Miniature
Printing in American Samoa.
“EFI is already the dominant player in
superwide printing, and now we’ll be scaling that down for the booming mobile
printing market,” said Smolen. “Miniature printing holds opportunities for many
unique, on-demand applications, including individual business cards, labels, ID
tags, and e-signatures. The technology will even enable printing of
fingernail-size items such as business cards that have to be read with a
loupe.”
“For years EFI is encouraging the industry to “Think Big,”
but we now see a need to consider small investments in small sized printers,”
said Scott Schinlever, senior VP and GM of EFI inkjet solutions. “We are
starting a long journey with the goal of putting a Micro-VUTEk on every desk in
the world by 2025.”
The new Micro-VUTEk and Fiery MiniRIP will be
on display this month at EFI Connect, the company’s annual users’ conference,
where attendees will be invited to print a miniature version of their conference
badge using the new technology.
# # #
Warning: This
document will expire on April 2nd.
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associated with EFI’s businesses, please refer to the risk factors section in
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to update information contained herein, including forward-looking
statements.
Media Contact:
Holly O’Rourke
EFI
Corporate Communications
603-677-8992
holly.orourke@efi.com