Baldwin Selected for Middle East Upgrade Project
7/30/2009
Shelton, Conn. – July 30, 2009 -- 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 approximately $1.3 million.
Gulf Printing and Publishing Company (GPPC) has ordered Baldwin blanket washers for its existing CROMOMAN semi-commercial presses. This order was secured in cooperation with the German printing press manufacturer manroland. Completion of the installation and commissioning of Baldwin’s cleaning equipment is scheduled for March 2010.
Baldwin President and CEO Karl Puehringer said, “This order provides an example of Baldwin's successful focus on expanding our global reach into emerging print markets. Increasingly, publishers and printers like GPPC are using their presses for newspaper as well as semi-commercial print production. By retrofitting their presses with Baldwin blanket washer technology, they are able to increase capacity and efficiency by reducing job downtime and reducing paper waste while maintaining a superior level of print quality."
Gulf Printing and Publishing was founded in 1978. It is the publisher of an Arabic newspaper, Arrayah, as well as of the daily English newspaper Gulf Times. The newspaper dominates the English language market in Qatar, with about an 80% market share.
About Baldwin
Baldwin Technology Company, Inc. is a leading international supplier of process automation equipment 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 the 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. Investors may contact Julie Marshall or Frank Hawkins, Hawk Associates, at (305) 451-1888, e-mail: baldwin@hawkassociates.com. An online investor kit including 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 the results, performance or other expectations implied by these 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.
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