A new HP PageWide T240 HD digital press is on its way to Melbourne book printer Lightning Source after its US-based parent Ingram signed a multi-million-dollar deal to buy two dozen of the advanced presses for its global sites.
The agreement is the largest ever for HP’s Graphics Business.
“The new order underscores the print industry’s transformation from analogue to digital print technologies, as HP and Ingram continue to empower publishers to connect with their customers in new and innovative ways,” HP said in a statement.
HP will deliver 24 new PageWide T240 HD color & mono digital presses to five Lightning Source sites across three continents.
Lightning Source Australia expects its new press to arrive in the next couple of months. It will allow the Scoresby-based printer 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 publishing clients.
“This incredible deal shows that the momentum behind the renaissance in digital printing is not only continuing, it’s accelerating,” says Enrique Lore’s, president, Imaging & Printing Business, HP Inc. “Last month, we announced a 5-year deal with Shutter fly, the leading manufacturer and digital retailer of high-quality personalized products and services, and today we’re announcing a seven-year deal with a leader in the content distribution space.”
Ingram CEO Shawn Morin said: “Our mission is all about helping content reach its destination, while providing our customers with the highest print quality, speed and proficient printer models. By adding HP’s PageWide Web Presses to our global facilities, we’ll be able to serve our customers with even more options.”
HP PageWide customers currently print 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.