Here is the latest Copier Industry News, from Copitex, Boston’s Leader in Copier Sales, Rentals & Leasing.

MFPs successfully hacked in contest

  • Last week, the annual Pwn2Own hacking convention was held in Toronto, Canada
  • $989,750 in total prizes were paid out for successfully hacking into network connected devices
  • According to Zero Day Initiative magazine, these three MFPs were successfully hacked into and prize money paid out:
    • Canon imageCLASS MF743Cdw color laser A4 MFP
    • Lexmark MC3224i color laser A4 MFP
    • HP Color LaserJet Pro M479dw color laser A4 MFP

Fujifilm announces new A3 laser devices

  • (Fujifilm makes most the Xerox-branded printers, MFPs and PPS)
  • Launched the ApeosPrint 3360S, 3960S and 4560S A3 b/w laser print only devices
  • Top speeds of 33ppm, 39ppm and 45ppm respectively
  • While they are A3 capable, they are able to sit on countertop
  • Paper capacity up to 2,300 sheets
    • Max of 220gsm in bypass
    • Max of 163gsm auto duplex
    • Up to 11.7” x 47” sheet size
  • Use Super EA-Eco polymerized toner
  • 1200x1200dpi
  • Supports Microsoft Universal Print
  • Max life of 1.8 million pages
  • Optional WiFi kit
  • Pricing not announced
  • (unknown if will be relabeled by Xerox)

Fujifilm launches new production print upgrade

  • The Jet Press 750S High Speed B2 production color inkjet system now offers “High Value” mode
  • 1200x1200dpi
  • Does not need RCP (rapid coagulation primer), which the “High Quality” does
  • For applications that do not require the highest quality output
  • Lower running costs
  • Option to increase paper feed up to 300mm height for folding carton printing
  • Pricing not announced

Canon launches new A4 MFPs

  • Now offering the MAXIFY GX4020, a color inkjet A4 device with copy, print, scan and fax standard
    • A MegaTank model, using high capacity ink bottles
    • Top speed of 13ppm color print speed
    • GX3020 model is same, but no fax board
    • 250 sheet paper tray
    • Base MSRPs of $499 and $399 respectively
  • Also offering the imageCLASS MF264dw II and MF262dw II
    • b/w laser A4 models
    • Top speed of 30ppm
    • Base MSRPs of $229 and $199 respectively

Canon launches new scanners

  • Now offering the imageFORMULA DR-G2140 and DR-G2110
  • Compliant with new FADGI regulation (Federal Agencies Digital Guidelines Initiatives)
  • Document feeder scans both sides of original at same time
    • Top scan speeds of 140ipm/110ipm or 70opm/55opm respectively
    • Holds up to 500 originals
  • USB 3.1 and 10/100/1000BaseT ports standard


Toshiba wins award from BLI

  • Won a BLI 2023-2024 Pacesetter Award in Logistics for MFPs and label printers
  • Cited examples such as:
    • Touchscreen overlay for dust protection
    • Steel rails in paper drawers
    • Reinforced hinges on document feeders and doors
    • Customizable user interface

Toshiba wins large MPS contract

  • Award from State University of New York, including 64 colleges and universities
  • Named the “Official Print Design and Hardware, Service and Supplies Provider”
  • Expected to realize savings up to $20 million annually
  • Will supposedly eliminate 1.125 metric tons of carbon emissions
  • Includes optimizing current 40,000 print devices installed
  • Current volume of 250 million pages per year
  • Install to be completed by July, 2024

Toshiba sale update

  • Reuters News Service is reporting that Japan Industrial Partners has come closer to securing financing from banks
  • Is still the preferred bidder to acquire all of Toshiba
  • Possible purchase price of $16 billion


Signs of recession?

  • Research published by economist, Nick Eberstadt of the American Enterprise Institute
    • Around 7 million “prime age” men between ages of 25 and 54 are not looking for work
      • “They are affirmatively not looking for work.”
      • 25% of prime age Americans are not currently working
        • “vast majority of these prime-age men spend around 2,000 hours a year on screens, do little housework and don’t spend time volunteering”
        • College-educated women are now participating in workforce at same rate as they were before pandemic
          • College-age men working or looking for work has lessened
      • US Chamber of Commerce survey of Americans who lost their job during COVID-19 pandemic:
        • 25% say federal aid incentivized them to not actively look for work
        • 50% are not willing to take jobs that do not offer option of remote work
        • 33% of younger respondents are focusing on new skills and/or prioritizing personal growth before entering labor force
    • More pressure being put on employees that remain in workforce, causing them to deal with longer hours, tougher responsibilities and burnout
      • “Running your workers like this – asking them to do 20%, 30% more because you are short-staffed – it is very much a short-term strategy”; stated Paige Ouimet, professor at University of North Carolina Kenon-Flagler Business School
  • Wall Street Journal reports on financial institutions
    • Return on common equity through 9/30/2022 for top 3 firms
      • Goldman Sachs, only 12.2% compared with 25.7% in 2021
      • JPMorgan, only 14% compared with 20% in 2021
      • Morgan Stanley, up to 15.1% compared to 11.9% in 2021
    • Goldman Sachs CEO David Solomon is reported shrinking the bonus pool for senior employees by as much as half
  • Jason Furman, economics professor at Harvard University, in interview on CNBC:
    • Most likely economic scenario is a mild recession that does not solve inflation
    • “we need to have to another go at the whole thing”
  • Larry Summers, former Director of the National Economic Council, interviewed by Bloomberg:

o “November jobs report shows that we have got a long way to go to get inflation down”

    • “inflation is going to be a little more sustained that what people are looking for”
    • “I think what this is telling us is that the Fed’s got a long way to go”
    • “we are probably going to need increases in interest rates…”
  • BlackRock published report entitled “2023 Global Outlook”
    • “Recession is foretold as central banks race to try to tame inflation”
    • “It is the opposite of past recessions”
    • “Worldwide recessions is just around the corner as central banks boost borrowing costs aggressively to tame inflation, and this time, it will ignite more market turbulence than ever before”
    • “Equity valuations do not yet reflect the damage ahead”
  • Sam Zell, founder and chairman of Equity Group Investments interviewed on Fox Business:
    • “”I think the odds of us going into recession are very high, and whether that recession will be very painful or not, I think remains to be seen”
    • “it’s very hard for me to believe that we are not moving into an area with a lot of higher interest rates and a lot of people sitting on the sidelines avoiding making commitments”
  • U.S. Labor Department announced that U.S. wholesale pricing rose 0.3% in November, the third month in a row with 0.3% gain
    • Core producer index, which excludes volatile food, energy and trade prices, also rose 0.3%
    • Food prices up 3.3%
    • Trade services up 0.7%

Large dealer announces new executives

  • Prosource, headquartered in Cincinnati, Ohio, announced it has hired Jay Cartisano as President of Imaging and Managed Print Services
    • Previously was President of Connecticut Business System, a Xerox company
  • Jeff Loeb was promoted to President of Prosource Technologies (managed services division)
  • Report to Ben Russert, CEO

Digital Transformation survey

  • Survey conducted by Opinium Research
  • Digital transformation could increase gross domestic product by 3.4% over next 5 years
  • 76% of business leaders are making automation of tedious tasks part of their DX strategy
  • Average worker spends up to 30% of their day on administrative tasks
  • 64% of employees say they would bring more value to their company if they had access to right technology
  • 78% welcome automation tools
  • Those who implemented some automation software experienced average productivity increase of 14%


Ninestar of China to open facilities in US

  • (Ninestar of China is owner of Lexmark)
  • Announced it has raised $1.41 billion yuan ($202 million) from private issuance of stock
  • Will be used for:
    • Renewable printer consumables production base
    • Research and development center

Foxconn to invest more in India

  • (Foxconn, aka Hon Hai Precision of Taiwan, is parent of Sharp)
  • Announced it will spend $500 million in country of India
  • Will expand its chipmaking factories there to reduce its reliance on plants in China


HP wins production print contract

  • Award from West Canadian Digital Imaging Inc. of Calgary
  • Installed a new Indigo 15K production color system
  • Also included HP Site Flow solution and Latex R2000 wide format inkjet printer
  • Will be used to produce a wide variety of on-demand personalized products

Ricoh wins production print contract

  • Award from in-plant printshop at Tacoma Public Schools of Washington
  • Replaces Xerox Versant 80
  • Installed new Pro C7210 production color laser system
  • Claims it was having difficulty getting toner from Xerox


Report on use of print in small businesses

  • Lexmark, a division of Ninestar of China, published results of survey
  • 80% of small business owners say printers/MFPs are necessary to conduct daily operations
  • 50% say cannot operate at all without print
  • 49% need device to do more than just print
  • 53% own at least one device that breaks down at least once per month
  • 69% find it difficult to source reliable office printers
  • Law and automobile sector small businesses average 240 pages per day
    • Healthcare small business averages 178 pages per day
    • Accounting/finance small business average of up to 35 pages per day


Feds warn healthcare of new hacking group

  • Published report warning the U.S. healthcare industry of ransomware attacks from a new group in the country of Cuba
  • Using the RomCom malware to encrypt networks and demand ransom to provide decrypt key

Even if pay ransom, won’t get files back from hacker?

  • Fortinet Cybersecurity published warning about new Cryptonite ransomware
  • Created using Python programming language
  • Attacked systems running Microsoft Windows
  • Researchers found that even if you pay the hacker the demanded ransom, the ransomware is not capable of decrypting the files
  • Instead the files are destroyed


Hospital MPS provider to offer new solution

  • Vereco, headquartered in Mission Viejo, CA, offers managed print services to hospitals across the U.S. (formerly known as Auxilio)
    • Claims to provide MPS to 300+ hospital locations in 48 states
  • Announced it is now a reseller for Symphion of Dallas, TX
    • Maker of print fleet cyber security solutions

New botnet targets IoT devices

  • (IoT or Internet of Things devices, could include printers and MFPs0
  • Security Week magazine detailed the new Zerobot malware written in Golang programming language
  • Exploits devices with Spring4Shell and F5 Big-IP flaws
  • Scans for open ports and begins spreading itself


Healthcare solutions market growth

  • Research report published by ReleaseWire
  • Healthcare interoperability solutions market will grow to $5.7 billion by 2026
  • CAGR (cumulative annual growth rate) of 13.9%

Large EHR’s founder retires

  • Meditech announced that founder and board chair A. Neil Pappalardo has retired from the company that he started 54 years ago.
  • Was inventor of the MUMPS system, which is host-based OS


Cerner wins EHR contract

  • Award from Marshfield Clinic of Wisconsin
  • Replacing homegrown Cattails EHR

Epic solution site to be taken down temporarily

  • Epic’s “App Market”, formerly known as the “App Orchard” will be taken down and undergo renovations and relaunch later in 2023
  • Site was used to show solution providers certified by Epic
  • Will launch “Connection Hub”, a place for vendors to share their ability to interoperate with Epic software.


  • new site, which opens January 9, 2023, will allow any vendor with a connection to Epic to list their app and self-report if they have achieved successful data exchange
  • Epic customers can see information provided by the vendor, such as app descriptions and links to websites.


HIPAA/cybersecurity breaches in the news

  • Dallam Hartley Counties Hospital of Dalhart, Texas, notified 70,000 patients that their PHI was exposd after ransomware attack.
  • Conway Regional Medical Center of Arkansas agreed to pay $295,000 to settle allegations of negligence regarding a breach that exposed PHI of an unknown number of patients.
  • Palmer Chiropractic Clinics, headquartered in Davenport, Iowa, notified an unknown number of patients that their PHI was exposed by a former employee.
  • Sturdy Memorial Hospital of Attleboro, MA agreed to pay out an unspecified amount to settle allegations of negligence resulting from a breach that exposed PHI of 60,000 patients.
  • Foster Cooley of Arizona was arrested for allegedly for hacking into hair salons in New York City, New Jersey and Colorado, and stealing $400,000.
  • Acuity Brands of Georgia notified an unknown number of customers that their info may have been exposed after breach.
  • Greene County Tech School District of Little Rock, Arkansas notified an unknown number of students that their info was exposed after cyberattack.
  • Little Rock School District of Little Rock, Arkansas notified an unknown number of students that their info was exposed after cyberattack and agreed to pay $250,000 to the ransomware group to restore network.
  • Arnold’s Restaurants in Ohio notified an unknown number of customers that their info may have been exposed after cyber attack.
  • Receivable Performance Management Inc. of Washington notified an unknown number of customers that their info was exposed after cyber attack.
  • Adams-Friendship Area School District of Wisconsin notified an unknown number of students that their info was exposed after cyberattack.
  • Empress EMS Ambulance Services of New York is facing multiple lawsuits alleging negligence after ransomware attack exposed PHI of 318,558 patients.
  • CommonSpirit, a large multi-state chain of hospitals headquartered in Chicago, IL, notified the feds that more than 620,000 patients may have had their PHI exposed during recent cyber attack.
  • UC Davis Health of Sacramento, CA, notified 408 patients that their PHI was exposed after it was illegally accessed by a former employee.
  • St. Michael Medical Center of Silverdale, WA notified an unknown number of patients that their PHI was exposed after cyber attack.


Copitex is Boston’s leading provider of Konica Minolta Copiers. Contact us to buy, lease or rent a Konica Minolta Copier.

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