HP Inc. and Lightning Source LLC, a print-on-demand company and a part of Ingram Content Group, has announced a multi-million dollar deal that will transform the distribution and sales model for book publishers all over the world, according to HP. The agreement is reportedly the largest ever for HP’s Graphics Business. HP will deliver 24 new HP PageWide T240 HD color and mono digital presses to five sites across three continents.
HP claims the new order underscores the print industry’s transformation from analog to digital print technologies, as HP and Ingram continue to empower publishers to connect with their customers in new and innovative ways.
“This incredible deal shows that the momentum behind the renaissance in digital printing is not only continuing—it’s accelerating. Last month we announced a 5-year deal with Shutterfly, the leading manufacturer and digital retailer of high-quality personalized products and services, and today we’re announcing a 7-year deal with a leader in the content distribution space,” said Enrique Lores, president, Imaging & Printing Business, HP Inc. “Our collaboration will enable Lightning Source to deliver higher-quality digital printing for their customers at the next level of scale, productivity, and efficiency.”
“Our mission is all about helping content reach its destination, while providing our customers with the highest print quality, speed and proficient printer models,” said Shawn Morin, CEO and president of Ingram Content Group. “By adding HP’s PageWide Web Presses to our global facilities, we’ll be able to serve our customers with even more options.”
With their new fleet of HP PageWide Web Presses, HP says Lightning Source will be able 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 their publishing clients all over the world.
This announcement was made during Print 17 in Chicago earlier this week where HP had a huge footprint on the show floor. It’s more than a huge deal for HP’s Graphics business, it’s further validation for the company’s PageWide technology in the commercial and industrial print space and will likely open the door to further deals of this magnitude down the road. While this is a product our readers will unlikely ever be selling unless they sell their businesses and go to work for HP, it is indicative of what’s happening at the high end of the commercial and industrial print markets.
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