Baldwin Wins Major Japanese Newspaper Orders
2/23/2006
Shelton, CT, February 23, 2006 -- Baldwin Technology Company, Inc. (AMEX: BLD), a leading global manufacturer of press accessories and control equipment, announced today that its Japanese subsidiary has secured a string of major orders from Japanese newspaper groups. The total value of the orders, which include automatic blanket cleaning and spray dampening systems, is approximately $3.5 million.
The Yomiuri Newspaper Company, which has the largest circulation in Japan with more than 10 million copies printed daily, ordered IMPACT® automatic blanket cleaning systems to be installed on new Mitsubishi presses at the company’s Kyushu plant. Previously, Yomiuri had also ordered Baldwin spray dampening systems for these new presses.
The Asahi Newspaper Company placed orders for spray dampening systems. The company prints Japan’s second largest newspaper, the Asahi, which has a daily circulation of 8.2 million. This latest order is part of a larger project where Baldwin will also supply spray bars to presses at three of Asahi’s printing plants. Installation of the equipment is scheduled to begin in June.
Baldwin’s Japanese subsidiary also won its first order to supply spray dampening systems to Kobe Newspaper Company, for its plant near Osaka.
Vijay C. Tharani, Vice President and CFO, said, “These orders further demonstrate Baldwin’s commitment to its newspaper customers to meet their challenges of reducing downtime and waste while increasing quality, productivity and environmental compliance.”
Cautionary Statement: This release may contain statements regarding expected future order, backlog and sales rates, operating margins and profitability or other statements, which may constitute “forward-looking” information as defined in the Private Securities Litigation Reform Act of 1995 or by the Securities and Exchange Commission. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and actual results may differ. See Exhibit 99 to the company’s Form 10-K Report for the fiscal year ended June 30, 2005.
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About Baldwin Technology Company
Baldwin Technology Company, Inc. is a leading global manufacturer of printing press accessories and controls for the commercial and newspaper printing 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, Ct., the company has sales and service centers, product development and manufacturing operations in the Americas, Asia and Europe. Baldwin's technology and products include cleaning systems, fluid management and ink control systems, web press protection systems and drying systems. For more information, visit http://www.baldwintech.com.
Investors may contact Frank Hawkins or Julie Marshall at (305) 451-1888 or e-mail info@hawkassociates.com.">info@hawkassociates.com. For an online investment kit, visit http://www.hawkassociates.com">http://www.hawkassociates.com. An investment profile about Baldwin Technology may be found at http://www.hawkassociates.com">http://www.hawkassociates.com/baldwin/profile.htm.
Contacts:
Hawk Associates, Inc.
Frank N. Hawkins, Jr. or Julie Marshall, 305-451-1888
info@hawkassociates.com
http://www.hawkassociates.com">http://www.hawkassociates.com