2014

Mantel Digital spin-off of DataScreen & DataPrint printer manufacturing business to Wadjet AG

ZURICH, March 7, 2014 /PRNewswire-iReach/ -- Wadjet AG, a leading international manufacturer of wide-format, digital printers, today announced the start of operations of its North American subsidiary, Wadjet America, Inc. Mantel Digital AG spun-off its wide format, digital printer manufacturing business into Wadjet AG - a separate, standalone company earlier this year.

(Photo: http://photos.prnewswire.com/prnh/20140307/MN78755)

In making the announcement, Mantel Digital CEO Jon-Andri Mantel explained, "We have been evaluating how to grow our highly innovative, wide-format printing businesses for several years now and believe that the combination of the business that we have built so far, with new investment and additional management expertise, into a new company is the best way to ensure the success of these products."

Mr Mantel also announced the appointment of John Harwell as the CEO of both Wadjet AG and Wadjet America, Inc. who stated, "The spinoff will give both businesses the ability to focus on and pursue their respective growth strategies". In terms of timing and positioning of the new company, Mr Harwell also said, "It comes at a very good moment as we begin to roll out the next generation of DuralPrint (formerly DataPrint) and DataScreen products with much higher resolution."

Mantel employees directly associated with the DuralPrint and DataScreen manufacturing business will be transferred to the new company along with the sales of all consumables and services related to these printers. Wadjet AG will be co-located with Mantel Digital and share facilities, IT and other services.

The offices of Wadjet America, Inc. will be located at the same location as the former Mantel Digital, Inc. in Laguna Niguel, California.

Mantel Digital will continue to be the exclusive distributor for Wadjet products in most of Europe while Wadjet AG will develop the other markets, including the US, South America and Asia.

Both Mantel Digital and Wadjet are closely held, private enterprises headquartered in Wädenswil, Switzerland.

More information about Wadjet AG and Wadjet America, Inc can be found on the companies website at www.wadjet.com.

Source: Wadjet AG

Wadjet AG
John Harwell - +41 43 477 20 40
Mattenweg 1
CH8820 Wädenswil
Switzerland
j.harwell@wadjet.com

Wadjet America, Inc.
John Harwell +1 855-5WADJET
28241 Crown Valley Parkway; Suite F-456
Laguna Niguel, CA 92677

Mantel Digital AG
Jon-Andri Mantel - +41 43 477 20 40
Mattenweg 1
CH8820 Wädenswil
Switzerland
jon-andri.mantel@hmantel.ch

Media Contact: John Harwell, Wadjet AG, +41434772035, j.harwell@wadjet.com

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE Wadjet AG



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