Lexmark seal Agreement with FBI

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After attempting to close down re-manufacturing of compatible ink cartridges, Lexmark have completely lost their reputation with printer consumables distributors and ended up closing down their own inkjet business altogether. This meant that Lexmark profits have decreased drastically over the past couple of years, causing them to search for profitable alternatives elsewhere. The Company has turned its eyes towards… The FBI?

Lexmark has dug in deep and came to an agreement with FBI which will allow them to cash in $30 million dollars over the 3 years period. In return they will be responsible for replacing 20,000 printers which will connect to FBI’s IT cloud. It goes without saying that Lexmark have a big job on their hands to handle the authentication and security at the highest level.

FBI Benefits

The predictions are that the deal will see FBI benefiting too. They will be able to save around $10 billion dollars by 2020 due to an impressive Lexmark laser cartridge technology .

Executive Vice President of Lexmark and President of Imaging solutions Marty Canning stated:

“There is a reason Lexmark has a strong presence today in eight of the top 10 U.S federal agencies. We have built years of knowledge and expertise in the federal government arena giving us an edge to put an effective output strategy in place that aids these agencies in running more efficiently while supporting their important missions and future initiatives.”

If you wish to contact us about anything, you can visit our store or see our Contact Us page here. You can also call our number or get in touch with us on our Social Media Accounts. All links and information will be provided at the end of this Blog Post.

We hope this Blog post was useful to you and we encourage you to come back every Friday, when we post new content on our Blog!

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Author: Donatas Ivaskevicius

Lexmark Sold Inkjet Patents

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International corporation Lexmark has announced their exit of the inkjet industry long ago. In other words, they just couldn’t handle the competition from HP ink cartridges, Canon ink cartridges and Epson ink cartridges. The Company is about to sell its Inkjet Patents!

Lexmark are about to sell 1500 inkjet patents. This will put the final nail in the coffin for Lexmark’s Inkjet industry. Lexmark are cashing in. Instead of attempting to compete, they’re selling the patents to a Japanese company called Funai Electric Company Ltd. The transaction will also boost them by $100 million dollars (about 78 million euros). The deal is additionally scheduled to be completed by the first half of 2013.

Funai from Osaka in Japan has been a partner of Lexmark for over 15 years. Lexmark has indicated that the two businesses have strong relationship between each other due to so much time working together.

Funai will receive inkjet research, shares and Lexmark International, which is based in Philippines.

President and CEO of Funai, Tomonori Hayashi stated:

“This transaction provides us with a crucial and tremendous opportunity to enhance our office solution business. Funai and Lexmark have developed a great partnership and we are glad to take over Lexmarks inkjet related technology and assets. The acquisition of the latest inkjet technology enables Funai to start and grow our own business. Funai will benefit from a strong inkjet business”

It is difficult to see why Lexmark are selling the inkjet technology and the patents. Especially with inkjet printers catching up rapidly with laser printers and Epson even proved, that some of their inkjet printer are better than laserjets. However, Lexmark made a decision and only time will show whether it was the right one or the wrong one.

Chairman of Lexmark and CEO, Paul Rooke additionally stated:

” As we continue our transition to becoming a leading end to end solutions provider, this transaction essentially completes our exit from the ownership of inkjet related assets, although we will continue to support our existing customer base with the sale of inject supplies. Funai has been a trusted partner of Lexmark’s since 1997 and I am fully confident in Funai’s ability to deliver high quality inkjet supplies for Lexmark. “

The two companies have been in partnership for so long and while Lexmark will focus their attention on Lexmark printers and toner cartridges for Lexmark printers, it is nice to see that Lexmark will still be taking care of their existing customers by supplying ink cartridges for Lexmark inkjet printers.

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Lexmark concentrates on LaserJet

Lexmark International is a giant company in the printing industry and reported more than $4 billion in revenue in 2011. Lexmark who provide printers to businesses of all sizes has announced to the world that by 2013, they will be exiting the inkjet industry. Furthermore, the plans are in place to close inkjet factory in Philippines by 2015, causing 1,700 job losses in the process. The decision to quit the inkjet industry and move to the Laser Jet Industry will also save Lexmark $95 million (£60m) a year.

HP, Canon and Epson dominate the inkjet market and it seems that Lexmark, could not keep up with the “big boys” in respect to the inkjet industry. The chairman of Lexmark Paul Rooke, stated “Today’s announcement represents difficult decisions, which are necessary to drive improved profitability and significant savings. Our investments are focused on higher value imaging and software solutions, and we believe the synergies between imaging and the emerging software elements of our business will continue to drive growth across the organization” he added “As we move forward, we remain confident in our strategy, competitiveness and ability to create value for shareholders”.

Lexmark new Laser Jet Releases

Lexmark show their intentions by releasing 8 new ranges including over 40 laser jet printers.

CX310/410/510 Series          CS310/410/510 Series          MX810 Series          MS810 Series          

MX710 Series         MX610 Series          MS310/410/510/610 Series          MX310/410/510 Series

With these series of printers Lexmark targeted, small to large businesses and succeeded in delivering powerful printing machines that are bound to improve the productivity and shine in terms of the printing quality. For example, the explosive MX810 Series printers are capable of printing up to 70 pages per minute and allows the end-users to print up to 35,000 pages per month. The MX810 features 10.2 inch colour touch screen with easy to use navigation. E-mail function is also a feature here, which allows the user to send e-mails and USB connection enables you to print documents from a tablet or a smartphone.

If you are looking for CX310/410/510, CS310/410/510, MX810, MS810, MX710, MX610, MS310/410/510/610, MX310/410/510 toner cartridges, then look no further. At Ink’N’TonerUK, we have it all covered. We provide the widest range of ink and toner cartridges, so whichever printer you own youre guaranteed to save money with us and receive outstanding services and free delivery on all purchases.

Need Ink or Toner – Think InkNTonerUK

Lexmark Exit Inkjet Industry

After continual falling sales spanning over the last five years Lexmark have announced that they are closing down the inkjet division of their company. This will result in the closure of their inkjet manufacturing plant in the Philippines and a worldwide reduction of their workforce by 13%; equating to 1,700 jobs, 1,100 of which are part of the manufactures restructuring program following disappointing sales figures.

What’s next for Lexmark?

Lexmark say that they will now turn their attention towards the laser printing arm of their company, higher margin software solutions and their managed print services (MPS). The move comes as now surprise after years of disappointing results and Lexmark have said they have had to make tough decisions to remain competitive

Paul Rooke, CEO and Chairman of Lexmark commented on technology website The Next Web: “Today’s announcement represents difficult decisions, which are necessary to drive improved profitability and significant savings.

“Our investments are focused on higher value imaging and software solutions, and we believe the synergies between imaging and the emerging software elements of our business will continue to drive growth across the organization.

Lexmark have announced that they will continue to manufacture Lexmark ink cartridges for discontinued printers for several years however, and inkntoneruk will continue to stock them.

Get in Contact with us

If you wish to contact us about anything, you can visit our store or see our Contact Us page here. You can also call our number or get in touch with us on our Social Media Accounts. All links and information will be provided at the end of this Blog Post.

We hope this Blog post was useful to you and we encourage you to come back every Friday, when we post new content on our Blog!

Our social media accounts: Twitter | Facebook @Inkntoneruk

Address: 61 East Barnet Road, Barnet, EN4 8RN

Tel: 020 8216 5571

Printer Supplies for Schools and Colleges

Printer Supplies for Schools and Colleges

Are you responsible for printer supplies within your school or college, university or government body? If the answer is yes, then an Ink’n’Toner UK credit account could make your life a little easier.
Make ordering your printer supplies simple with Ink’n’Toner UK. As a trusted source for hundreds of educational institutions and government bodies, we’re the ideal company to turn to for all of your supplies.

Why choose us for your printer supplies?

There are plenty of reasons for choosing your printer supplies with Ink’n’Toner UK. Not only do we have a reputation for providing excellent choice when it comes to products, but we also offer outstanding value for money. With a range of products from ink cartridges, toner cartridge and fax cartridges you’ll find that we offer a service that is second to none
What’s more, when you order printer supplies from us you’ll be able to make use of our unique credit account, which allows you to order and re-order printer supplies directly from our website or by phone or fax.
Your credit account can be arranged immediately for recognised educational institutions and government bodies, meaning you can place your first order of printer supplies right away. Subsequent orders will be simple and straightforward too.

Open an account with us

With low prices for big name printer brands- including HP, Lexmark and Canon, we’re the ideal choice for schools and government bodies searching for good products. Even better, we offer free delivery – so why not open an account with us today?
Call us on 020 8216 5571 and you’ll be ready to start ordering products at great prices today.

If you wish to contact us about anything, you can visit our store or you can go to our Contact Us page here. You can also call our number or get in touch with us on our Social Media Accounts. All links and information will be provided at the end of this Blog Post.

We hope this Blog post was useful to you and we encourage you to come back every Friday, when we post new content on our Blog!

Our social media accounts: Twitter | Facebook @Inkntoneruk

Address: 61 East Barnet Road, Barnet, EN4 8RN

Tel: 020 8216 5571