FOR IMMEDIATE RELEASE
November 14, 2005
Sawgrass Technologies, Inc. Acquires Rotech Digital
Leading Digital Printing Provider to Expand Worldwide Presence
MOUNT PLEASANT, SC, USA and IKAST, DENMARK - Sawgrass Technologies, Inc., a leading developer of digital printing technologies, announced today that it has acquired Rotech Digital, a major supplier of sublimation inks. Rotech will continue to operate independently as a wholly-owned subsidiary of Sawgrass Technologies and maintain its offices and staff in Denmark.
Rotech provides a wide range of digital imaging products including sublimation inks, bulk ink systems, color management solutions, and transfer papers. The Rotech ink product line is a platform proven sublimation solution for both small format and production printers. Rotech inks will serve as the latest brand in the Sawgrass product offering, which includes SubliJet and ArTainium inks.
“Rotech broadens the Sawgrass solution portfolio, providing more choice to the global marketplace,” said Nathan Hale, CEO of Sawgrass Technologies, Inc. “With their established brand recognition and customer base, Rotech increases our global presence and strengthens our leadership in sublimation technologies.”
"We look forward to working with the talented team at Sawgrass Technologies. Our complementary products and services are a natural fit, enabling us to take advantage of Sawgrass’ unique color software solutions, industry leading applications support programs, and new transfer ink technologies to better meet the growing needs of customers,” said Niels Knudsen, Managing Director of Rotech Digital.
About Sawgrass Technologies, Inc.
Sawgrass Technologies is the industry leader in the development of state-of-the-art sublimation printing technologies. Mass customization becomes a reality through platform-proven solutions provided by Sawgrass Technologies. The Sawgrass family of brands, including SubliJet and ArTainium, enable customers to harness the power of digital printing and leave their mark by enhancing and simplifying their ability to create, manage and deliver visually rich products. For more information, visit www.sawgrassink.com.
About Rotech Digital
Rotech Digital is a leader in the development of printing technologies and processes of traditional rotary and flat screen printing and ink jet printing. Rotech Digital has established the Rotech line of sublimation products and services and is in tune with all new market trends in ink jet technologies. Our aim is to bring the highest achievable color space to the wide variety of end users printing with our inks.
This news release contains forward-looking information, as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking information in this release involves risks and uncertainties, including, but not limited to, domestic and international economic conditions and growth rates; fluctuations in currency exchange rates for international currencies versus the U.S. dollar; the ability of the company to acquire, integrate and achieve anticipated synergies from new businesses; the ability of the company to adjust its cost structure to changes in levels of sales and product mix in a timely manner; the continued availability of sources of supply; variations in the economic or political conditions in the countries in which the company does business; technology changes; and the successful implementation of a new enterprise-resource-planning system. Sawgrass Technologies, Inc. cautions that forward-looking statements are not guarantees, since there are inherent difficulties in predicting future results, and that actual results could differ materially from those expressed or implied in forward-looking statements.
Sawgrass Technologies, Inc.
2233 Highway 17 North
Mt. Pleasant, SC 29466
Phone: 843.884.1575
Fax: 843.849.3847
E-Mail: ascoville@sawgrassink.com
Website URL: www.sawgrassink.com