Baldwin Continues to Grow by Setting New Standards at drupa

5/1/2004

May 1st, 2004

DRUPA 2004, DÜSSELDORF 6th – 19th MAY
STAND C22, HALL 16

Baldwin’s strategic restructuring program, which has been implemented over the past several years, has re-focused the Company on its core accessory and control business. The restructuring is now complete and during the past year, Baldwin’s improved operating performance has been reflected in its quarterly financial results.

Karl Puehringer, vice president Baldwin Europe, has commented: “Since drupa 2000, the global printing industry has continued to be a challenging one, but we’ve identified machine and labour productivity, worker safety , energy and environmental efficiency and print quality on all grades of paper as key market drivers. Puehringer noted that drupa 2004 visitors will see new product introductions across our entire range of cleaning, dampening, fluid management, ink control, press protection, gluing and infra-red drying systems. drupa 2004 clearly continues Baldwin’s commitment to innovation and technical achievement, which over the past years has earned Baldwin more than 100 patents and numerous GATF and Fogra awards and certifications for technologies and products that improve the profitability, safety and environmental efficiency of the offset printing process.”

Gerald A. Nathe, Chairman and President of Baldwin further commented on Baldwin’s improved business and market position: “We have just completed our third consecutive quarter of profitability, our fourth consecutive quarter of positive cash flows and have a continued to build a strong order backlog. Baldwin will exhibit at drupa 2004 with enthusiasm, confidence and a stronger-than ever appreciation for our customers and employees.”

Baldwin’s corporate headquarters are located in Shelton, Connecticut, USA and the company's manufacturing operations are located in the United States, Japan, Germany, Sweden and India and supported by a strategically positioned global network of sales and service offices. This network ensures that the needs of global customers are met with a high degree of efficiency, timeliness and account management. Baldwin employs approximately 530 people worldwide.

Baldwin Technology Company, Inc. has been listed on the American Stock Exchange since 1987.

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