CreoScitex Launches SQUAREspot(TM) Imaging Technology for Japan's Packaging Gravure Market

Apr 10, 2001, 01:00 ET from Creo Products Inc.

    VANCOUVER, April 10 /PRNewswire/ - CreoScitex(TM), a division of Creo
 Products Inc. (NASDAQ:   CREO; TSE: CRE) has signed an OEM agreement to supply
 SQUAREspot(TM) thermal imaging heads to Think Laboratory of Tokyo, Japan for
 the production of cylinders used in prepress for gravure printing in the
 packaging industry.
     SQUAREspot(TM), the innovative imaging technology developed by
 CreoScitex, produces uncompromised image quality at a speed that is several
 times faster than competing technologies. SQUAREspot(TM) for Digital Offset
 Printing (DOP) presses received a prestigious Graphic Arts Technical
 Foundation (GATF) InterTech(TM) Technology Award last year.
     SQUAREspot(TM) technology now brings these same benefits to the gravure
 process, just as the offset, flexographic and lithographic sectors of the
 packaging printing industry have already discovered. By reducing the time it
 takes to image each cylinder by 75%, SQUAREspot(TM) will allow a packaging
 printer to increase throughput without increasing the number of its systems or
 the size of its labor force. SQUAREspot(TM) improves process control, allowing
 printers to achieve reliable and consistent presswork. The thermal imaging
 technology images precisely and predictably, eliminating presswork troubles
 caused by the variable dot gain characteristics of different halftone line
 rulings and dot shapes. Even as the process varies, the imaging head
 consistently reproduces the RIPed image.
     SQUAREspot(TM) also facilitates the use of water-based ink, an important
 consideration as the Japanese government encourages the industry to adopt
 these environmental friendly inks.
     Think Laboratory, founded in 1966, produces Japan's most popular fully
 automated gravure cylinder preparation systems, adopted by 90% of the Japanese
 prepress packaging industry. Think Laboratory's Total Boomerang 21 system will
 incorporate the CreoScitex SQUAREspot(TM) imaging head into its
 LaserStream(TM) imaging system. These imaging heads are similar to the thermal
 heads CreoScitex supplies to the world's largest press manufacturers for
 imaging on Digital Offset Printing presses. Another CreoScitex product,
 Brisque(TM) workflow, will drive the Boomerang 21 system utilizing the unique
 Turbo Screening(TM) feature for significantly improved image resolution.
     "Gravure is the final segment of the packaging printing market to adopt
 the renowned quality of SQUAREspot(TM) and we are delighted to introduce it to
 this sector with Think Laboratory," said Eyal Shpilberg, CreoScitex Corporate
 Vice President, Imaging and Media.
     "We are excited to enter a new gravure market with excellent joint
 technology - SQUAREspot(TM) by CreoScitex and Think's fully automated gravure
 cylinder-making system that uses water-based gravure ink," said Tatsuo
 Shigeta, President of Think Laboratory.
 
     CreoScitex and Think Laboratory are represented at CMM Japan, The
 Converting Machinery/Materials Conference and Exposition in Tokyo at booth No.
 1A-31, 32, 33, from April 11-14, and at CMM International in Chicago at
 CreoScitex booth No. 13097 and Think Lab booth No. 2107 from April 23-26.
 
     About CreoScitex
     CreoScitex is a world leader in solutions for the graphic arts industry.
 Core product lines include image capture systems; inkjet proofers; thermal
 imaging devices for films, plates, and proofs; professional color and copydot
 scanning systems; and workflow management software. CreoScitex is also an
 Original Equipment Manufacture supplier of on-press imaging technology and
 components for digital presses. CreoScitex is a division of Creo Products
 Inc., which trades on NASDAQ (CREO) and the TSE (CRE).
 
     (C)2001 Creo Products Inc. CreoScitex is a division of Creo Products Inc.
 The CreoScitex product names mentioned in this document are trademarks or
 service marks of Creo Products Inc. and may be registered in certain
 jurisdictions. Other company and brand, product and service names are for
 identification purposes only and may be trademarks or registered trademarks of
 their respective holders. Data is subject to change without notice.
 
     This release contains forward-looking statements within the meaning of
 the "safe harbor" provisions of the U.S. Private Securities Litigation Reform
 Act of 1995. These statements are based on management's current expectations
 and beliefs and are subject to a number of risks and uncertainties that could
 cause actual results to differ materially from those described in the forward-
 looking statements.
      These risks and uncertainties include the following: (1) technological
 changes or changes in the competitive environment adversely affect the
 products, market share, revenues or margins of the combined business; (2)
 changes in general economic, financial or business conditions adversely affect
 the combined business or the markets in which it operates; (3) new regions and
 new products may not proceed as planned and may adversely affect future
 revenues; (4) the expected cost-savings and synergies from the combination of
 Creo's business with the Scitex Business cannot be fully realized or take
 significantly longer to realize than expected; and (5) the integration of the
 Scitex Business into Creo's operations is more difficult, time-consuming or
 expensive than anticipated, or the attrition rate of key employees of the
 combined business is greater than expected. These risks and uncertainties as
 well as other important matters are described under the caption "Information
 Regarding Forward-looking Statements" and elsewhere in our Annual Report and
 also in our Annual Information Form (40-F), both for the fiscal year ended
 September 30, 2000, as filed with the U.S. Securities and Exchange Commission.
 We do not assume any obligation to update the forward-looking information
 contained in this press release.
 
 

SOURCE Creo Products Inc.
    VANCOUVER, April 10 /PRNewswire/ - CreoScitex(TM), a division of Creo
 Products Inc. (NASDAQ:   CREO; TSE: CRE) has signed an OEM agreement to supply
 SQUAREspot(TM) thermal imaging heads to Think Laboratory of Tokyo, Japan for
 the production of cylinders used in prepress for gravure printing in the
 packaging industry.
     SQUAREspot(TM), the innovative imaging technology developed by
 CreoScitex, produces uncompromised image quality at a speed that is several
 times faster than competing technologies. SQUAREspot(TM) for Digital Offset
 Printing (DOP) presses received a prestigious Graphic Arts Technical
 Foundation (GATF) InterTech(TM) Technology Award last year.
     SQUAREspot(TM) technology now brings these same benefits to the gravure
 process, just as the offset, flexographic and lithographic sectors of the
 packaging printing industry have already discovered. By reducing the time it
 takes to image each cylinder by 75%, SQUAREspot(TM) will allow a packaging
 printer to increase throughput without increasing the number of its systems or
 the size of its labor force. SQUAREspot(TM) improves process control, allowing
 printers to achieve reliable and consistent presswork. The thermal imaging
 technology images precisely and predictably, eliminating presswork troubles
 caused by the variable dot gain characteristics of different halftone line
 rulings and dot shapes. Even as the process varies, the imaging head
 consistently reproduces the RIPed image.
     SQUAREspot(TM) also facilitates the use of water-based ink, an important
 consideration as the Japanese government encourages the industry to adopt
 these environmental friendly inks.
     Think Laboratory, founded in 1966, produces Japan's most popular fully
 automated gravure cylinder preparation systems, adopted by 90% of the Japanese
 prepress packaging industry. Think Laboratory's Total Boomerang 21 system will
 incorporate the CreoScitex SQUAREspot(TM) imaging head into its
 LaserStream(TM) imaging system. These imaging heads are similar to the thermal
 heads CreoScitex supplies to the world's largest press manufacturers for
 imaging on Digital Offset Printing presses. Another CreoScitex product,
 Brisque(TM) workflow, will drive the Boomerang 21 system utilizing the unique
 Turbo Screening(TM) feature for significantly improved image resolution.
     "Gravure is the final segment of the packaging printing market to adopt
 the renowned quality of SQUAREspot(TM) and we are delighted to introduce it to
 this sector with Think Laboratory," said Eyal Shpilberg, CreoScitex Corporate
 Vice President, Imaging and Media.
     "We are excited to enter a new gravure market with excellent joint
 technology - SQUAREspot(TM) by CreoScitex and Think's fully automated gravure
 cylinder-making system that uses water-based gravure ink," said Tatsuo
 Shigeta, President of Think Laboratory.
 
     CreoScitex and Think Laboratory are represented at CMM Japan, The
 Converting Machinery/Materials Conference and Exposition in Tokyo at booth No.
 1A-31, 32, 33, from April 11-14, and at CMM International in Chicago at
 CreoScitex booth No. 13097 and Think Lab booth No. 2107 from April 23-26.
 
     About CreoScitex
     CreoScitex is a world leader in solutions for the graphic arts industry.
 Core product lines include image capture systems; inkjet proofers; thermal
 imaging devices for films, plates, and proofs; professional color and copydot
 scanning systems; and workflow management software. CreoScitex is also an
 Original Equipment Manufacture supplier of on-press imaging technology and
 components for digital presses. CreoScitex is a division of Creo Products
 Inc., which trades on NASDAQ (CREO) and the TSE (CRE).
 
     (C)2001 Creo Products Inc. CreoScitex is a division of Creo Products Inc.
 The CreoScitex product names mentioned in this document are trademarks or
 service marks of Creo Products Inc. and may be registered in certain
 jurisdictions. Other company and brand, product and service names are for
 identification purposes only and may be trademarks or registered trademarks of
 their respective holders. Data is subject to change without notice.
 
     This release contains forward-looking statements within the meaning of
 the "safe harbor" provisions of the U.S. Private Securities Litigation Reform
 Act of 1995. These statements are based on management's current expectations
 and beliefs and are subject to a number of risks and uncertainties that could
 cause actual results to differ materially from those described in the forward-
 looking statements.
      These risks and uncertainties include the following: (1) technological
 changes or changes in the competitive environment adversely affect the
 products, market share, revenues or margins of the combined business; (2)
 changes in general economic, financial or business conditions adversely affect
 the combined business or the markets in which it operates; (3) new regions and
 new products may not proceed as planned and may adversely affect future
 revenues; (4) the expected cost-savings and synergies from the combination of
 Creo's business with the Scitex Business cannot be fully realized or take
 significantly longer to realize than expected; and (5) the integration of the
 Scitex Business into Creo's operations is more difficult, time-consuming or
 expensive than anticipated, or the attrition rate of key employees of the
 combined business is greater than expected. These risks and uncertainties as
 well as other important matters are described under the caption "Information
 Regarding Forward-looking Statements" and elsewhere in our Annual Report and
 also in our Annual Information Form (40-F), both for the fiscal year ended
 September 30, 2000, as filed with the U.S. Securities and Exchange Commission.
 We do not assume any obligation to update the forward-looking information
 contained in this press release.
 
 SOURCE Creo Products Inc.