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STAMFORD, Conn., May 30, 2002 -- Pitney Bowes Inc. (NYSE: PBI)
has entered into a new international partnership with Italian
owned Printel, the world's third largest hybrid mail producer, to
provide advanced integrated mail and document management solutions
for Printel's global customer base. Through the partnership,
Printel will utilize Pitney Bowes as the sole technology provider
for automated document factory (ADF) solutions and work together
with Pitney Bowes to grow and expand the business worldwide. This
becomes the single largest contract for Pitney Bowes Document
Messaging Technologies, at more than $15 million, to equip
Printel's facilities and worldwide subsidiaries with workflow,
inserting and sorting systems, installation and support
services.
"Pitney Bowes offered Printel the perfect fit as both a partner
and system provider because they offer superior technology with
the ability to integrate with our current systems," said Dr.
Vittorio Farina, president and CEO, Printel. "Pitney Bowes has a
reputation for providing mailing and inserting systems that
deliver maximum productivity and high-integrity, which are two
factors that are very important to our clients. Additionally, the
new Pitney Bowes inserting systems will be instrumental in
helping Printel achieve its goal of producing over 2 billion mail
pieces per year by 2003."
Pitney Bowes Document Messaging Technologies will supply
Printel with Advanced Productivity System (APS-18 Series), the
FX10F Series Flats and Olympus? II MT Mail Sorters.
Printel will also implement several Pitney Bowes software
solutions to further enhance mail operations. This will include
Document Messaging Technologies' DFWorks software portfolio of
integrated solutions for value-added management of the document
factory and docSense's StreamWeaver® 6.0, a print stream
engineering tool that improves efficiency and productivity in
the advanced hard-copy printing and digital distribution
environments.
"Printel is a significant and leading force in the industry,"
stated Brian Baxendale, president, Pitney Bowes Document Messaging
Technologies. "Its decision to go with Pitney Bowes recognizes
the major investment Pitney Bowes has made in developing world
class software, inserting, and sorting technologies which will add
to Printel's competitive advantage worldwide."
Pitney Bowes Inc. is a $4.1 billion global provider of integrated
mail and document management solutions headquartered in
Stamford, Conn. Pitney Bowes Document Messaging Technologies
features leading-edge large-scale solutions for high volume
mailers. The company's broad portfolio of products and
services, software and financing adds value to messages by reducing
end-to-end costs, increasing user convenience and ensuring
delivery reliability and security. More Information about Pitney
Bowes is available at www.pb.com.
Printel is a joint partnership between Poste Italiane and
Ilte, Italy's largest digital printing center. The objective of
Printel is to become a model of efficiency and productivity by
leveraging "Print On Demand" technology. This technology allows
customers to create personalized printed documents without
incurring the expense of traditional typographic processes.
Currently all major Banks and Telecom Companies in Italy benefit from
Printel services for billings and customer "one to one"
marketing activities. This equates to approximately 1.3 billion
envelopes per year.