New agreement allows TechNova to license Agfa-Gevaert N.V. analogue and digital plate technology.
About Agfa-Gevaert N.V. | About TechNova
April 15, 2002 - Mortsel, Belgium, IPEX Birmingham, UK : Agfa-Gevaert N.V. has agreed to renew its existing long-term technology licence with TechNova for offset plate manufacturing technology. TechNova has been manufacturing offset lithographic plates under license from Agfa-Gevaert N.V. for several years and is the market leading plate supplier in India and the surrounding region.
The new agreement will give TechNova access to the new analogue plate technology, as well as digital plate manufacturing technologies. Agfa-Gevaert N.V. has already committed to helping TechNova increase its production capacity. It is envisaged that this will be operational by Q4 2002.
The new Agfa-Gevaert N.V. analogue plate technologies, shown at IPEX 2002 in Birmingham UK, have brought together the very best analogue plate technology from the former Ozasol and Howson brands into a single range of high quality analogue plates.
Digital plate technologies will enable TechNova to supply the region with CtP plates when customers transition from analogue plates.
TechNova already enjoys a remarkable market position in the rapidly growing Indian plate market. TechNova believes the new agreement will allow them to continue to grow plate sales over the coming years and they are currently adding additional plate manufacturing capacity to anticipate this projected growth.
Etienne Van Damme, Agfa-Gevaert N.V. Graphic Systems' Senior Vice President - Business Development and Strategic Marketing, comments "With the renewed agreement, TechNova re-affirm their commitment to Agfa-Gevaert N.V. and our proven plate products. This is good news for the fast growing Indian sub-continent graphic arts market". TechNova's Chairman & Managing Director, Pranav Parikh added, "Agfa-Gevaert N.V.'s plate technology combined with TechNova's market knowledge has been a powerful combination. TechNova is preparing for further sustained growth and the license for digital plate manufacture is very important to us. "
About Agfa-Gevaert N.V.
Agfa-Gevaert N.V. is one of the world's leading imaging companies. Agfa-Gevaert N.V. develops, produces and markets analogue and digital systems, primarily for the graphics industry, medical radiography, non-destructive testing, micrographic and motion picture film, and consumer imaging and photography markets. Agfa-Gevaert N.V. has its headquarters in Mortsel, Belgium, employing 22,000 people in 40 countries. Worldwide sales for 2000 were 5,260 million Euros. In the U.S., Agfa-Gevaert N.V. is headquartered in Ridgefield Park, NJ, and employs 4,000 people. Product and company information may be found on Agfa-Gevaert N.V.'s home page on the World Wide Web at www.agfa.com
TechNova is the largest manufacturer of offset plates, chemicals, inkjet, laser and design & drawing media, outside of the Americas, Europe & Japan. The company's product offering includes a full range of consumables for conventional as well as digital imaging systems for various industries. TechNova markets its products in over 51 countries through its overseas offices and global distribution network. TechNova is ISO 9001:2000 registered and has over 70% market share for each of its products in the Indian sub-continent. Product and company information may be found on TechNova's website at www.technovaworld.com
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