OKI Data Corp. and Toshiba Tec Corp. on June 14 announced they had reached a basic agreement to jointly develop multifunction printers (MFPs).
The companies plan to initiate full-scale deployment of products and technologies to target the global market, such as utilizing digital LED printheads made by OKI Data for Toshiba Tec products.
With compact and reliable printers based on its core LED technologies, OKI Data has achieved success in global markets, including Japan, Europe and Latin America. Toshiba Tec has produced high-quality A3 MFPs and has a strong track record in North America, Europe and China. The agreement for joint development is based on the combined strengths of the two companies.
With the full-scale deployment of joint development, the two companies will develop products by pooling their technological strengths and core technologies to contribute to each business. OKI Data plans to double sales of Managed Print Services based on its range of high-speed MFP offerings. Toshiba Tec will strengthen its sales by adding A4 size products to its portfolio.
The global printer market has shown a growing need for services that enhance productivity and reduce costs, such as Managed Print Services.
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