The Principal Financial Group Selects InfoPrint 5000 for High Quality Output of Customized Statements and Enrollment
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PHILADELPHIA, PA, Mar 30 (MARKET WIRE) --
InfoPrint Solutions Company, a joint venture between IBM and Ricoh, today
announced that The Principal Financial Group has installed two InfoPrint
5000s, a full-color, continuous forms inkjet drop-on-demand printing
system, to increase productivity and reduce costs with printing
personalized financial statements and enrollment books.
The Principal Financial Group, a leader in offering businesses,
individuals and institutional clients a wide range of financial products
and services, chose the InfoPrint 5000 based on three very important
aspects -- superior image quality, a lower total cost of print, and
InfoPrint's experience to successfully implement and support the solution.
"The InfoPrint products and services have delivered as promised. The
business class color quality is exactly what we need for many of our
applications," said Tom Reed, Director of Document Services, The Principal
Financial Group.
The InfoPrint 5000 prints at speeds up to 419.8 feet/minute (128
meters/minute) or 1,832 full-color letter-size impressions / minute in
2-up tandem duplex mode (1,724 A4 impressions / minute) using a 20.4"
(520 mm) web with maximum print width of 19.96" (507 mm).
Its innovative piezo-electric drop-on-demand inkjet technology and its
water-based ink -- either resin-encapsulated pigment or dye -- are
designed to resist fading and smearing, and maximize the appearance
quality of the output. Advanced Function Presentation (AFP)-enabled
systems provide accurate, consistent, and device-independent
color-rendering, in addition to the error recovery, auditability, and
security/control benefits of AFP.
"The Principal Financial Group continues to lead the industry with
personalized and relevant communications for their clients," said Chris
Cosgrove Vice President & General Manager, West Region, InfoPrint
Solutions Company. "With the installation of the IP5000, The Principal
Financial Group is able to significantly reduce the time it takes to
produce high quality, full color customized financial statements and
enrollment books, and at a much lower price point than previously
possible."
The InfoPrint 5000 has already been selected by customers in the US, UK,
France, Germany, Italy, Spain, Denmark, Japan and India, in conjunction
with InfoPrint's support and professional services.
For more information on the InfoPrint 5000 please visit:
http://www.infoprintsolutionscompany.com/internet/wwsites.nsf/vwwebpublished/pri
t_ip5000home_us.
About InfoPrint Solutions Company:
InfoPrint Solutions Company, headquartered in Boulder, Colorado, brings to
market the advantages IBM and Ricoh have in the development,
manufacturing, marketing and building of strategic solutions for
customers, creating a growth-oriented global enterprise that is
strategically focused on the output market.
The InfoPrint Solutions Company portfolio includes solutions for
production printing for enterprises and commercial printers as well as
solutions for office workgroup environments and industrial segments. The
company offers customers the highest quality output solutions that
optimize productivity by providing efficient workflow and, at the same
time, delivering low cost of ownership and high return on investment. The
heritage of InfoPrint Solutions Company includes the development of the
IBM Advanced Function Presentation (AFP) Architecture -- now an industry
standard -- and Intelligent Printer Data Stream (IPDS), which has since
become the standard for mission critical business printing. The company
also leads the industry in print management solutions with both InfoPrint
Process Director and InfoPrint Manager. Please visit
http://www.infoprint.com for more information.
About the Principal Financial Group
The Principal Financial Group(R) (The Principal (R)) is a leader in
offering businesses, individuals and institutional clients a wide range of
financial products and services, including retirement and investment
services, life and health insurance, and banking through its diverse
family of financial services companies. A member of the Fortune 500, the
Principal Financial Group has $287.4 billion in assets under management
and serves some 19.0 million customers worldwide from offices in Asia,
Australia, Europe, Latin America and the United States. Principal
Financial Group, Inc. is traded on the New York Stock Exchange under the
ticker symbol PFG. For more information, visit www.principal.com.
For media information contact:
Gemma Craven
Breakaway Communications for InfoPrint Solutions Company
Email Contact
212-616-6005 / 917-576-6316
Jeff Rader
Principal Financial Group
Email Contact
515-247-7883
Or
Investor Relations Contact:
Tom Graf
Principal Financial Group
Email Contact
515-235-9500
Copyright 2009, Market Wire, All rights reserved.
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