Baldwin (BLD) Wins Multimillion Dollar Newspaper Project
Sep. 14, 2010 (Business Wire) — Baldwin Technology Company, Inc. (NYSE Amex: BLD), a leader in process automation technology for the global printing industry, announced today that it has received an order for the Express Newspapers Group, a large U.K. newspaper publisher, through the press manufacturer Koenig & Bauer AG (KBA) valued at over $2 million. The move by West Ferry Printers, a subsidiary of Express Newspapers Group, from the facility it has occupied for 24 years in the London Docklands to a new, not yet named site will go hand in hand with a huge investment in presses and auxiliary equipment over the next five years. The Baldwin scope of supply for this first phase of the project consists of a comprehensive process automation package including cleaning system technology, spray dampening and cooling systems. Installation of the Baldwin equipment on the four new compact high-performance KBA Commander CT press lines is planned to take place in various stages during 2011.
Peter Hultberg, Vice President—Global Marketing, Sales & Service, of Baldwin, commented, “We are delighted that Express Newspapers Group and Koenig & Bauer AG decided to equip these new presses with process automation technology from Baldwin .It is yet another project for our Company in the segment of high-end newspaper printing where the Baldwin product technology fits well with the high demands of these presses capable of running both newspapers as well as semi-commercial grade products such as magazines.”
Karl Puehringer, President and CEO of Baldwin added, “It is reassuring to have publishers and printers making investments in new technology which will enable them to meet the demands of productivity, automation, environment and low production costs as well as the high quality of newspapers in the future. It is a very positive signal regarding the future of print media.”
About Baldwin
Baldwin Technology Company, Inc. is a leading international supplier of process automation equipment and related consumables for the printing and publishing industries. Baldwin offers its customers a broad range of market-leading technologies, products and systems that enhance the quality of printed products and improve the economic and environmental efficiency of printing presses. Headquartered in Shelton, Connecticut, the Company has operations strategically located in the major print markets and distributes its products via a global sales and service infrastructure. Baldwin’s technology and products include cleaning systems, fluid management and ink control systems, web press protection systems and drying systems and related consumables. For more information, visit http://www.baldwintech.com
Information for investors, including an investment profile about Baldwin is available at www.hawkassociates.com/profile/bld.cfm. An online investor kit including BLD press releases, current price quotes, stock charts and other valuable information for investors is available at http://www.hawkassociates.com.
This release contains certain forward-looking statements which involve known and unknown risks, uncertainties or other factors not under the Company’s control, which may cause actual results, performance or achievements of the Company to be materially different from those implied by the forward-looking statements. These factors include, but are not limited to, those detailed in the Company’s periodic filings with the Securities and Exchange Commission.
Baldwin Technology Company, Inc.
Investors:
Helen P. Oster, 203 402-1004
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