HP inks single largest graphics customer deal to date with Lightning Source LLC

News highlights:
•Lightning Source names HP PageWide preferred inkjet press provider through 2024 with order of 24 new HP PageWide T240 HD color & mono digital presses, with services and supplies
•Multi-million dollar deal over seven years is the largest ever for HP’s Graphics Business
•HP PageWide will serve Lightning Source’s publishers’ demands for a faster, higher-quality, and more efficient printing solution

PALO ALTO, Calif. & NASHVILLE, Tenn., September 12, 2017 — HP Inc. (NYSE: HPQ) and Lightning Source LLC, a leading print-on-demand company and a part of Ingram Content Group, today announced a multi-million dollar deal that will transform the distribution and sales model for book publishers all over the world. The agreement is the largest ever for HP’s Graphics Business. HP will deliver 24 new HP PageWide T240 HD color & mono digital presses to five sites across three continents.

The new order underscores the print industry’s transformation from analog to digital print technologies, as HP and Ingram continue to empower publishers to connect with their customers in new and innovative ways.

“This incredible deal shows that the momentum behind the renaissance in digital printing is not only continuing—it’s accelerating. Last month we announced a 5-year deal with Shutterfly, the leading manufacturer and digital retailer of high-quality personalized products and services, and today we’re announcing a 7-year deal with a leader in the content distribution space,” said Enrique Lores, President, Imaging & Printing Business, HP Inc. “Our collaboration will enable Lightning Source to deliver higher-quality digital printing for their customers at the next level of scale, productivity, and efficiency.”

“Our mission is all about helping content reach its destination, while providing our customers with the highest print quality, speed and proficient printer models,” said Shawn Morin, Chief Executive Officer and President of Ingram Content Group. “By adding HP’s PageWide Web Presses to our global facilities, we’ll be able to serve our customers with even more options.”

With their new fleet of HP PageWide Web Presses, Lightning Source will be able to produce high-quality inkjet color and monochrome printing on coated stock, deliver faster printing at speeds of up to 500 feet a minute, and offer unprecedented digital productivity and volume growth to their publishing clients all over the world.

HP is leading the analog-to-digital revolution with HP PageWide customers currently printing 5.5 billion pages in aggregate every month. Year-over-year customer page growth in 2017 was over 15%.  HP PageWide customers have printed a total of 250 billion pages worldwide since inception.
http://www8.hp.com/us/en/hp-news/press-release.html?id=2514208#.WbkgqXmWwy8

Related Posts

End of an era for Nashua Corp. — Merrimack location to close

Nashua’s namesake company, Nashua Corp., owned by graphics giant Cenveo, will shutter its Merrimack location by April 30 of next year, resulting in 53 layoffs and marking the end of a manufacturing legacy in New Hampshire that goes back more than a century. The company notified the state and the town by letter on Oct. 26 that the Merrimack packing facility at 59A Daniel Webster Highway is ramping down and will be permanently closed by next spring.

MBE Acquires Printing Franchisor AlphaGraphics to Gain Stronger U.S. Presence

Salt Lake City-based AlphaGraphics has been acquired by MBE Worldwide (Mail Boxes Etc.), a global, third‐party logistics, printing and communications services franchise network based in Milan, Italy. The purchase of AlphaGraphics, from private equity firm Western Capital Resources, comes on the heels of MBE's acquisition this past April of the U.S.-based PostNet franchise system (which I wrote about here at the time). With the AlphaGraphics acquisition, MBE Worldwide now has approximately 2,600 locations in 39 countries and projected system-wide sales of $940 million in 2017. All three companies currently operate in the business services industry through a network of locations owned and operated by individual franchisees. Click Read More below for additional detail.

Idealliance Members Approve Merger with PRINTING United Alliance (piworld.com)

PRINTING United Alliance and Idealliance announced the intent to merge the two organizations earlier in January. The proposed merger was approved unanimously by each Board of Directors to be followed by consideration of Idealliance members at a meeting of active members on 1/29/21, in accordance with Idealliance Bylaws. Idealliance Members overwhelmingly approved the Plan of Merger with 96% voting in favor which serves as the final step to effectuate the merger. Dick Ryan, Idealliance CEO said, “The traditional segmentation of print providers has continued to blur and converge, which the shifts in digital printing technologies have accelerated. Over the past few years, PRINTING United Alliance has built an association that addresses all the major segments through expanded membership, an array of events, and industry leading media brands, bringing considerable resources, marketing reach and audiences under one roof. At the same time, Idealliance has developed the expertise to build and rollout not only its traditional color management programs, but new standards training and education on a global platform. This is the right strategic move by Idealliance to better serve the graphic communication industry.”
Back To Top
×Close search
Search