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Subject: CSR

Epson Reinforces Commitment to Heat-Free Inkjet Technology and Invests Millions in Developing Sustainable Technologies


New Akita Epson Factory in Japan to Triple PrecisionCore Print Head Production Annually

LOS ALAMITOS, Calif., Dec. 6, 2022 /PRNewswire/ -- As the business inkjet printer market continues on an upward trajectory, Epson recognizes the strength of its inkjet technology and has committed to investing in it. IDC recently reported that within the market, over 255,000 color A3 MFP units are shipped annually in North America.1 Epson will triple printhead production capacity and has reaffirmed its commitment to PrecisionCore Heat-Free® inkjet technology and developing sustainable technologies. This charge is backed by a previously announced $712.5 million investment over ten years.

As part of this investment, Akita Epson Corporation, a group company of Seiko Epson Corporation, has committed approximately $25.1 million towards the construction of a new factory on the Akita Epson lot to increase production capacity of printheads for inkjet printers. Construction work on the new factory began in November 2022 and is scheduled for completion in December 2023. This investment will approximately triple Akita Epson's current printhead production capacity.

"From environmental to workflow efficiencies, inkjet provides several benefits over the legacy laser machines. From our experience, where inkjet goes, it wins, and Epson recognizes this incredible opportunity to disrupt the market," said Mark Mathews, vice president, North America Commercial Sales and Marketing, Epson America, Inc. "Epson is focused on changing the way we consume energy and is committed to providing innovative and efficient PrecisionCore Heat-Free print solutions. Looking ahead, we believe this increase in production will have a large impact within this market that will justify the investment."

Epson's printing solutions business provides products and services based on original Micro Piezo inkjet technology to customers in the office, home, commercial, and industrial markets. Global demand for inkjet printers in the office and home inkjet printer markets is forecast to continue growing over the medium and long terms. The need for distributed printing that arose with COVID-19 is helping to fuel this demand, as is the strong demand for high-capacity ink tank printers in North America and other developed economies.

The new factory will be used to manufacture and assemble inkjet printheads, the core devices used in inkjet printers. The investment plan will ensure that Epson has enough production space to meet the predicted future growth in demand. It will also enable Epson to strengthen its product lineup and expand printhead sales to third parties, with a view to increasing the supply of inkjet printers equipped with cutting-edge PrecisionCore MicroTFP printheads*.

Epson PrecisionCore Heat-Free technology benefits include:

For more information on Epson Heat-Free technology, please visit: https://epson.com/heat-free-inkjet-printers-benefits.

About Epson

Epson is a global technology leader whose philosophy of efficient, compact and precise innovation enriches lives and helps create a better world. The company is focused on solving societal issues through innovations in home and office printing, commercial and industrial printing, manufacturing, visual and lifestyle. Epson's goal is to become carbon negative and eliminate use of exhaustible underground resources such as oil and metal by 2050.

Led by the Japan-based Seiko Epson Corporation, the worldwide Epson Group generates annual sales of more than JPY 1 trillion. global.epson.com/

Epson America, Inc., based in Los Alamitos, Calif., is Epson's regional headquarters for the U.S., Canada, and Latin America. To learn more about Epson, please visit: epson.com. You may also connect with Epson America on Facebook (facebook.com/Epson), Twitter (twitter.com/EpsonAmerica), YouTube (youtube.com/epsonamerica), and Instagram (instagram.com/EpsonAmerica).

* PrecisionCore MicroTFP printheads are critical components that determine the image quality and speed of an inkjet printer. Equipped with an array of individually controlled nozzles, they are capable of ejecting 50,000 tiny ink droplets per second, with droplet sizes as small as several picoliters (a picoliter is one trillionth of a liter).

1 IDC Quarterly Hardcopy Peripherals Tracker, 2022Q1 Final Historical, May 12, 2022

EPSON and PrecisionCore Heat-Free are registered trademarks, and EPSON Exceed Your Vision is a registered logomark of Seiko Epson Corporation. All other product and brand names are trademarks and/or registered trademarks of their respective companies. Epson disclaims any and all rights in these marks. Copyright 2022 Epson America, Inc.

 

SOURCE Epson America, Inc.


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