The FINANCIAL — HP Inc. and Lightning Source LLC on September 12 announced a multi-million dollar deal that will transform the distribution and sales model for book publishers all over the world. The agreement is the largest ever for HP’s Graphics Business.
HP will deliver 24 new HP PageWide T240 HD color & mono digital presses to five sites across three continents.
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, according to HP.
“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, Chief Executive Officer 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, 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.
HP is leading the analog-to-digital revolution with HP PageWide customers currently printing 5.5 billion pages in aggregate every month. Year-over-year customer page growth in 2017 was over 15%. HP PageWide customers have printed a total of 250 billion pages worldwide since inception.