KYOCERA Mita Corporation and IKON Office Solutions Enter Into North American Supply Agreement
Osaka, Japan - January 4, 2007 - Kyocera Mita Corporation (www.kyoceramita.com), Osaka, Japan, a group company of Kyocera Corporation, and one of the world's largest manufacturers of office information equipment, including network-ready digital MFP's and printers, today announced that it has entered into a strategic North American supply agreement with IKON Office Solutions, Inc. (NYSE: IKN). IKON is the world's largest independent channel for document management systems and services, including copier, printer and MFP technologies.
Under this agreement, IKON will sell and support three of Kyocera's monochrome MFPs manufactured for IKON - the KM-3050i, KM-4050i and KM-5050i (30-, 40- and 50-ppm, respectively) - to customers in the United States and Canada. The products are expected to be available from IKON for customer delivery throughout the U.S. and Canada in February 2007.
Koji Seki, Chairman & President of Kyocera Mita Corporation, Japan, described the agreement as one that will help Kyocera Mita increase its market share in North America. "We are honored and proud to take this step with IKON," said Mr. Seki. "When you consider that IKON has access to multiple product lines from many leading manufacturers in our industry, the fact that IKON added Kyocera technology to their product portfolio demonstrates the value that our products deliver in the marketplace."
"This agreement with Kyocera Mita expands and enhances IKON's best-in-class product portfolio," said Matthew J. Espe, IKON's Chairman and Chief Executive Officer. "These MFP devices from Kyocera Mita, combined with our straightforward approach to pricing, configuration and service, enable us to offer our customers a robust and reliable pre-configured solution and greatly simplifies the transaction."
About Kyocera Mita Corporation
Kyocera Mita manufactures and markets black & white and color digital copiers, network-ready multifunctional devices and laser printers as well as a range of wide-format imaging products. It also offers a portfolio of software and network solutions.
Kyocera's ECOSYS Technology provides customers with print solutions that incorporate long-life components, which reduce the need to replace the drum and other image forming parts. This technology delivers a number of benefits: improved reliability, reduced environmental impact and the lowest TCO in the printer industry. Combining these hardware strengths with the latest digital and network technologies, Kyocera Mita assists businesses of all sizes to maximize value and improve their document management processes.
Kyocera Mita is a wholly owned subsidiary of the Kyocera Corporation. The Kyocera Group dedicates its resources to the development of its businesses across three broad sectors: Information and Communications, Environmental Preservation and Quality of Life. Kyocera Mita, as a document solutions provider, is a core company in the Information and Communications sector. Also, its development of long-life component technology means it is an important part of Kyocera's Environmental Preservation sector.
IKON Office Solutions, Inc. (www.ikon.com), the world's largest independent channel for copier, printer and MFP technologies, delivers integrated document management solutions and systems, enabling customers worldwide to improve document workflow and increase efficiency. IKON integrates best-in-class systems from leading manufacturers, such as Canon, Ricoh, Konica Minolta, Kyocera Mita, EFI and HP, and document management software from companies like Captaris, Kofax, eCopy and others, to deliver tailored, high-value solutions implemented and supported by its global services organization--IKON Enterprise Services. With fiscal year 2006 revenue of $4.2 billion, IKON has approximately 25,000 employees in over 400 locations throughout North America and Western Europe.