The copier industry is constantly evolving, and staying up-to-date with the latest news and information can be crucial for businesses and professionals who rely on these machines for their daily operations. Here are the latest headlines from the Copier Industry:
Toshiba Corp. and Toshiba Tec Corp.
- Press release states that Toshiba Corp. “hereby announces results and completion of the tender offer and acquisition of treasury shares by its consolidated subsidiary Toshiba Tec Corp.
- Capital stock of 39,970 million yen for 2,444,200 shares
Ricoh to launch refurb color A3 laser MFPs
- Named the “Greenline” services
- IM C2000, C2500, C3000, C3500, C4500 & C6000 models
- 20ppm, 25ppm, 30ppm, 35ppm, 45ppm & 60ppm respectively
- More details when Ricoh holds its annual dealer convention in October, 2023
- Advertised as offering; “refinished panel, parts replacement, hard drive replacement”
- MSRPs are 45% lower than original MSRPs
Ricoh dealer wins university contract
- Award to DOCUmation from Trinity University of San Antonio, Texas
- Replaced Knight Business Solutions
- Includes secure print release solution using employee’s “Tiger Card” badge authentication
- Most of fleet is 40ppm MFPs
- Also includes equipment in the inplant print shop
Kyocera completes PPS acquisition
- Announced it now has 100% ownership of Nixka of France, maker of production color inkjet engines
- Purchase price not published
- Nixka is a customer of Kyocera-made piezo crystal inkjet printheads
Kyocera buys back shares
- Kyocera, aka Kyoto Ceramic Company, announced it will buy back 460,000 shares
- Total cost of $3.39 billion yen
HP settles large lawsuit
- HP Inc. secured final approval for a $10.5 million settlement over claims it made misleading statements about its method for estimating revenue for sales of printer supplies
- Allegedly in past met its quarterly financial targets by selling millions of dollars of excess printer cartridges into sales channel, which cannibalized sales from future quarters
HP wins production print contracts
- Award from University of North Texas’s in-plant printshop
- Installed new Indigo 12000 production color system
- Will be used to produce forms, tickets, invitations, confirmation cards, surveys and direct mail
- Also acquired a Ricoh Pro C7210 production color laser system
- Award from All4Labels of Witzhave, Germany
- Installed new PageWide Advantage 2200 production color label printer
- Will be used to produce packaging
Work from home policy issues
- The federal government reports that 75% of federal building office space is empty, caused by resistance from federal workers to come back to the office and continue to work from home, according to article in The Daily Mail newspaper
- Employees not following Chief of Staff Jeff Zients directive to return to office for work
- Audit reports reveal some employees are taking bubble baths, billiards, golfing and early happy hours while on the clock
- Federal agencies spend about $2 billion per year to operate and maintain offices and spent $5 billion per year on leases
Scanner sales to grow
- Report published by Allied Market Research
- global scanner market was valued at $5.2 billion in 2022
- projected to reach $8.7 billion by 2032
- growing at a CAGR (cumulative annual growth rate) of 5.7% from 2023 to 2032.
Signs of recession?
- Moody’s Analytics chief economist Mark Zandi was interviewed by the Washington Post newspaper:
- 61% of adults say they are living paycheck to paycheck
- 78% of those that earn under $50K/year
- 65% of those who make between $50K/year and $100K/year
- 44% of those who make more than $100K/year
- Credit card debt has reached $1.03 trillion
- Credit card delinquency hit 7.2%
- Consumer price index
- Food up 19% since 1/2021
- Electricity up 23%
- Used cars up 30%
- Car repairs up 23%
Supply chain news
- Wall Street Journal report states that West Coast shipping ports have seen a decline from U.S. importers as they lack faith in the uncertainty around port union worker contracts
- Shifting business from West Coast ports, from southern California and Seattle, to East Coast and Gulf Coast ports instead
- Los Angeles and Long Beach ports report 25% decline in volume YoY
Canon sells off division
- Announced that it sold its Canon Business Services division in France to Paragon Customer Communications of Western Europe
- Includes IT security and process optimization services
- Current customers include clients in defense, nuclear industry, health insurance and finance vertical
- Purchase price not announced
Canon launches new inkjet A4 devices
- Now offering the Maxify MegaTank GX6570 and GX2070
- Auto duplex
- Extra large paper trays
- Uses water resistant aqueous pigment inks
- Ink tanks deliver 14,000 color pages based on 5% coverage per page
- GX6570 has document feeder that scans both sides of original at same time
- GX2070 document feeder only scans one side
Canon wins PPS contract
- Award from the inplant printshop at University of Nebraska
- Installed new imagePRESS C10010VP and imagePRESS C1350 production color laser systems
- Also included two of the varioPRINT 140 production b/w systems
Canon hit by class action lawsuit
- Lawsuit claims that Canon desktop color inkjet MFPs require expensive ink cartridges in order to use scanning and faxing features
- “Canon does not represent or warn consumers”
Sharp’s parent forecasts revenue drop
- Foxconn (aka Hon Hai Precision of Taiwan, owner of Sharp) stated that its August total revenue fell 8% YoY
- Down 12% from July to $12.93 billion
- Expects revenue increase for rest of year, due to launch of new Apple iPhone models (of which it is main assembler)
- Announced it will spend $500 million to build a manufacturing plant in Chihuahua, Mexico, to make parts for electric vehicles (EVs)
- Will employ up to 5,000 workers
Ninestar of China reports earnings
- Company accused of using slave labor in some of its manufacturing plants to produce printers/MFPs/cartridges
- Owns controlling interest in Lexmark
- First half 2023 operating income down 0.03% to $1.69 billion
- Profit down 67% to $48.3 million
- Lexmark division operating income down 11.83% to $140.6 million
- Total revenue down 11.8% to $1.021 billion
- Gross profit down 10.6% to $313 million
Lexmark announces new partnership
- Announced new partnership with Harman Digital Transformation Solutions of Mountain View, CA
- Will deploy Lexmark’s IoT platform on specific projects for customers across various industries
- One of first offerings will be a AI-powered solution that can detect anomalies and defects in products on a manufacturing line
Zebra Printing Tech announces layoff
- Headquartered in Lincolnshire, Illinois
- Maker of thermal label and wristband printers, primarily for healthcare vertical
- “Late in the second quarter, we began to experience a more broad-based moderation of demand across many of our core offerings”
- Announced it will let go of 700 employees
- Will cost the company $45 million in severance and benefits
- “difficult demand environment”
Dealer acquisition/merger update
- WBM Technologies, headquartered in Saskatoon, Canada, announced it has acquired Carlyle Printers Service and Supplies
- Located in Manitoba, Canada
- Purchase price not announced
Papercut announces new exec hire
- The print management solution vendor announced it has hired Daniel Goss as new Global Head of Operations
- Previously was COO of LiveTiles and VP of Solutions at Rhipe Inc.
- Company claims it has 139 million users, and saved over 2 billion pages of paper
Xerox wins solution award
- Keypoint Intelligence announced it gave a BLI 2023 Smart Workplace Solution Line of the Year award to Xerox
- Includes intelligent document processing and workflow automation software
Microsoft ends Windows Update driver installs
- In the coming years, printer and MFP makers may no longer distribute their print drivers via the Windows Update function
- Instead will use the default Microsoft IPP Class Driver using Mopria platform
- Mopria Alliance members include Konica Minolta, Xerox, Canon, HP, etc.
- Currently more than 6000 models support the new standard
- Timeline of new policy:
- 2025 = may not publish new printer drivers to Windows Update
- 2026 = Microsoft modifies ranking order to new platform
- 2027 = 3rd party printer drivers may no longer use Windows Update
Document management market to grow
- Report published by Intellectual Market Insights Research
- Global document management solution market valued at $6.78 billion in 2021
- Projected to reach $15.01 billion by 2028
- CAGR of 14%
Fujifilm to launch new PPS systems
- Will unveil new models at the large “The Print Show” convention in England
- Revoria Press EC1100 production color laser system has 10 bit processing for 1,024 halftones at 100ppm top speed
- SC170/180 series offers 70ppm and 80ppm production color laser systems
- New ApeosPro C series offers 65ppm-81ppm speed ranges
Fujifilm photo paper sales increase
- Announced it will spend $30.5 million to expand production of Instax photo paper
- Used by Instax cameras where image is created on special paper without use of ink
- 20% increase in demand in past year
CYBERSECURITY & HEALTHCARE VERTICAL NEWS
Healthcare cyber attacks increase
- Pollfish published results of survey of healthcare IT professionals
- 78% of healthcare organizations suffered cyber attack in past 12 months
- 60% of attacks caused moderate or significant impact on patient care
- 34% involved stealing PHI (protected health information, i.e. patient identity)
EHR maker sells out
- Thoma Bravo announced it has acquired NextGen of Atlanta, Georgia
- NextGen has a market value of $1.3 billion
- Shareholders will get a 46.4% premium and receive $23.95 per share
Epic wins huge EHR contracts
- Award from Intermountain Health, headquartered in Salt Lake City, Utah
- Award from University of Pittsburgh Medical Center (UPMC)
- Award from CommuniCare Health Centers of California
- Total cost of $1.5 million
Epic’s annual user meeting notes
- CEO Judy Faulkner stated that their annual user meeting in Verona, Wisconsin will never serve alcohol, but does offer:
- Cow ship throwing contests
- Petting zoo
- Horse drawn carriage rigdes
- Ax throwing contests
- Geode smashing
- No golf
Oracle Cerner wins EHR contracts
- Award from El Centro Regional Medical Center of California for $3.5 million
- Award from Weirton Medical Center of Western Virginia for $65 million
- Award from Petersburg Medical Center of Alaska for $1.3 million
MEDITECH wins huge EHR contracts
- Award from Blackrock Health Group
- Located in Ireland
- Total cost of $27 million
Digital Transformation market growth in healthcare
- Report published by Vantage Market Research
- Estimated value of $65 billion in 2022
- Will reach $196 billion by 2030
- CAGR of 14.8%
HIPAA/cybersecurity breaches in the news
- The Gemini North Telescope of Hawaii was shut down after a cyber attack.
- Hospital Sisters Health System, headquartered in Springfield, Illinois, notified an unknown number of patients that their PHI may have been exposed after cyber attack.
- A $240,000 HIPAA fine was paid by Yakima Valley Memorial Hospital of Washington after a breach caused by illegal access of PHI by security guards.
- Wall Street Journal reports on what has been spent in 2023 to recover from cyber attacks:
- $11 million on average for healthcare customers
- At least 61 million patients have had their PHI exposed so far
- 30% of all data breaches are in healthcare vertical
- $6 million for financial vertical
- $3 million for retail sector
- A $1.55 million HIPAA fine will be paid by East Tennessee Children’s Hospital of Knoxville after a cyber attack in March of 2022.
- A $250,000 HIPAA settlement was paid by Schneck Medical Center of Seymour, Indiana as a result of a cyber attack in 2021 that exposed PHI of 90,000 patients.
- A $650,000 HIPAA settlement will be paid by Allwell Behavioral Health of Ohio after cyber attack exposed PHI of 29,972 patients in 2022.
- Skokie-Morton Grove School District of Illinois notified an unknown number of students that their info was exposed after cyber attack.
- Decatur Independent School District of Texas notified an unknown number of students that their info was exposed after cyber attack.
- Lifeline Health Systems of Marlborough, Massachusetts notified 74,849 patients that their PHI was exposed after cyber attack.
- El Centro Del Barrio (aka CentroMed) of San Antonio, TX is being sued for alleged negligence after a breach exposed PHI of 350,000 patients.
- Bienville Orthopaedic Specialists of Mississippi notified 242,986 patients that their PHI was exposed after cyber attack.
- Just Kids Dental, aka Acadia Health of Alabama, notified 129,623 patients that their PHI was exposed after cyber attack.
- Associates in Pediatric Dentistry of Louisiana notified 9,703 patients that their PHI was exposed after cyber attack.
- Carthage Area Hospital of New York notified an unknown number of patients that their PHI was exposed after cyber attack.
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