STOCK TITAN

Specialty Print Communications to Receive First U.S. Installation of Canon ProStream 3160

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Specialty Print Communications (SPC) will be the first U.S. company to install the Canon ProStream 3160, scheduled for Q3 2024. SPC, a direct marketer, already uses Canon's ProStream 1800, varioPRINT i300, and ColorStream 3900. The ProStream 3160, part of the ProStream 3000 series, offers ultra-fast production at 525 feet per minute and enhanced print quality. It can boost productivity up to 100% on 12 pt media and 66% on 9 pt media compared to previous models. This installation reflects Canon's commitment to evolving their ProStream platform and aims to enhance SPC's production efficiency, meeting high-volume direct mail and commercial print demands.

Positive
  • SPC will be the first in the U.S. to install Canon ProStream 3160, reflecting a strategic edge.
  • The ProStream 3160 can print up to 525 feet per minute, offering ultra-fast production capabilities.
  • The new ink set can increase productivity by up to 100% on 12 pt media and 66% on 9 pt media.
  • Canon's commitment to evolving the ProStream 3000 platform is reinforced by this installation.
  • SPC's fleet already includes ProStream 1800, varioPRINT i300, and ColorStream 3900, showcasing its advanced printing capabilities.
Negative
  • The installation is set for Q3 2024, delaying immediate benefits to SPC's production.

Specialty Print Communications (SPC) is set to revolutionize its printing capabilities by being the first in the U.S. to install Canon's ProStream 3160. This move is significant for SPC, as the ProStream 3160 is designed for ultra-fast production, capable of printing up to 525 feet per minute. This speed, combined with a new polymer pigment ink set, promises consistent offset print quality, which can drastically enhance productivity. For SPC, this means higher efficiency and the potential to handle more complex projects with faster turnaround times. This could translate to better service for their clients, potentially attracting more business and driving growth. In the long term, SPC's early adoption of this advanced technology could position them as a leader in the print market, setting a high standard for their competitors.

Rating: 1 (positive)

For retail investors, SPC's acquisition of the Canon ProStream 3160 is an indicator of the company's strategic investment in cutting-edge technology. The ProStream 3160's enhancements over previous models, particularly its ability to increase productivity by up to 100% when printing on 12 pt media, can improve SPC's operational efficiency significantly. This move could lead to cost savings and higher throughput, ultimately improving SPC's profit margins. Furthermore, being the first in the U.S. to install this machine gives SPC a marketing edge, showcasing their commitment to staying ahead of industry trends. However, it's worth noting that the benefits hinge on successful implementation and integration into their existing workflows, as well as the machine's real-world performance versus its advertised capabilities.

Rating: 1 (positive)

The installation of the Canon ProStream 3160 aligns with SPC’s history of adopting advanced printing technologies, which has previously paid off in terms of enhancing their service offerings. For investors, the key takeaway is the potential for improved financial performance due to increased efficiency and productivity. SPC's investment in the ProStream 3160 could lead to higher revenue generation as they might be able to process more orders in less time, reducing overhead costs. Additionally, SPC's ability to offer higher quality prints at faster rates may attract larger contracts and clients, further boosting their financial health. However, investors should also consider the cost of this new installation and its impact on SPC's short-term financials, balancing the immediate expenditure against projected long-term gains.

Rating: 1 (positive)

SPC adds to a fleet that already includes a ProStream 1800, varioPRINT i300 and ColorStream 3900 with installation set for third quarter of 2024.

MELVILLE, N.Y., May 22, 2024 (GLOBE NEWSWIRE) -- Specialty Print Communications (SPC), a direct marketer offering a full spectrum of solutions for national brands, will become the first company to have the Canon ProStream 3160 installed in the United States. This milestone was announced today by Canon Solutions America, Inc., a wholly owned subsidiary of Canon U.S.A., Inc.

The ProStream 3160, the new flagship model of the ProStream 3000 series, can help bring quality and productivity to inkjet printing for commercial markets, direct mail, and publishing, among others. The ProStream 3160 is designed for ultra-fast production, to allow print businesses to move high volumes of work from offset and legacy technologies. This roll-fed 4/4 inkjet press can print up to 525 feet per minute (160 meters per minute). Its new polymer pigment ink set helps ensure consistent offset print quality at rated speed while extending the media grammage/speed range. With the new ink set, the ProStream 3160 can increase productivity up to 100% when printing on 12 pt media and up to a 66% productivity on 9 pt media compared to previous ProStream models.1 This press shows Canon’s commitment to the evolution of the ProStream 3000 platform. 

SPC will be the first to benefit from the ProStream 3160’s advanced capabilities, as the Chicago area-based company will bolster its fleet with the press being added to its ProStream 1800, varioPRINT i300, and ColorStream 3900 already in use. No stranger to being an early adopter for new Canon offerings, SPC had previously been one of the recipients of the early installations for the ProStream 1000 series.

The independently owned SPC offers comprehensive direct marketing services and expertise in direct mail, kitting and fulfillment, card issuance, hybrid print production, in-line printing, digital imaging, lettershop, postal logistics and integrated-channel execution. The installation of the ProStream 3160 is scheduled for the third quarter of 2024.

“SPC is proud to announce we will be the first print service provider in the U.S. to install the Canon ProStream 3160,” said Adam LeFebvre, President, Specialty Print Communications. “As [one of] the first users of the ProStream 1000 series years ago, we have experienced firsthand how the image quality and production capacity of the ProStream helps us meet our clients’ direct mail demands. This upgrade will provide an impressive increase in efficiency and speed, even on high-coverage, cover-weight stocks, without sacrificing overall print quality. It gives SPC a clear strategic edge in production efficiency and we can’t wait to get the new press installed and running.”  

“We are excited that Specialty Print Communications will become the first installation in the United States for the ProStream 3160,” said Francis McMahon, executive vice president, Production Print Solutions, Canon Solutions America, Inc. “SPC has been instrumental in providing valuable feedback used to further develop the ProStream series, and we are eager to see how the increased capabilities for performance and speed with the ProStream 3160 will help SPC deliver printed products to meet the ever-changing needs of their customers.”

To find out more about the Canon ProStream 3000 series, visit here. Attendees at thINK Ahead 2024, a landmark event celebrating its 10th anniversary from July 15-17 at The Boca Raton in Florida, will have the chance to see the ProStream 3160 in person. 

About Canon Solutions America, Inc.

Canon Solutions America, Inc. provides industry leading enterprise, production, and large format printing solutions, supported by exceptional professional service offerings. Canon Solutions America, Inc. helps companies of all sizes discover ways to improve sustainability, increase efficiency, and control costs in conjunction with high volume, continuous feed, digital and traditional printing, and document management solutions. A wholly owned subsidiary of Canon U.S.A., Inc., Canon Solutions America, Inc. is headquartered in Melville, NY and has sales and service locations across the U.S. For more information on Canon Solutions America, please visit csa.canon.com.

Attachment


FAQ

What is the significance of the Canon ProStream 3160 installation for SPC?

SPC will be the first in the U.S. to install the Canon ProStream 3160, enhancing their production efficiency and print quality.

When is the Canon ProStream 3160 installation scheduled?

The installation is scheduled for the third quarter of 2024.

How fast can the Canon ProStream 3160 print?

The ProStream 3160 can print up to 525 feet per minute.

What are the productivity improvements of the Canon ProStream 3160?

The ProStream 3160 can increase productivity by up to 100% on 12 pt media and 66% on 9 pt media compared to previous models.

What other Canon printers does SPC currently use?

SPC already uses the ProStream 1800, varioPRINT i300, and ColorStream 3900.

CAJ

NYSE:CAJ

CAJ Rankings

CAJ Latest News

CAJ Stock Data

21.97B
1.01B
1.44%
0.1%
Photographic and Photocopying Equipment Manufacturing
Manufacturing
Link
Japan
Ota Ku