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August 20, 2002 (Ann Arbor, MI) - Gyricon Media, Inc., (gyriconmedia.com), the leading provider of SmartPaper" media and integrated network signage solutions, announced today the opening of its new manufacturing facility in Ann Arbor, Michigan, for producing electronic media and signage solutions for the retail market. The $10 million manufacturing facility is located in Ann Arbor's Scio Township and is expected to create more than 500 jobs by 2004. Gyricon Media chose Ann Arbor because of the significant number of technology businesses and manufacturing plants already in the area, the skilled labor pool and the proximity of the University of Michigan. Earlier this year, Gyricon Media relocated its corporate headquarters to Ann Arbor from Xerox Corporation's Palo Alto Research Center (PARC). The 48,000-square-foot manufacturing plant will be home to production of the Company's patented SmartPaper" media and signage solutions. SmartPaper" is a reusable display material that has many of the properties of regular paper, but is electronically "writeable" and erasable. It is a component of Gyricon Media's MaestroSign" Systems, a combined software / hardware solution that provides retailers the power of true dynamic pricing, while insuring consumers of pricing integrity on their purchases. "A revolution in retail technology is under way at Gyricon Media," says Geert de Haas, cofounder and CEO of Gyricon Media, Inc. "With Gyricon, retailers can link and synchronize their signs with the rest of their retail communications and data, allowing them to change product names, prices and descriptions electronically, making old-fashioned printed signs obsolete." De Haas added, "With the opening of our Ann Arbor manufacturing facility, Gyricon Media will have the capacity for mass producing SmartPaper" for a market poised for growth." Gyricon Media recently completed pilot tests of its solution with several major retail and media organizations, including Macy's East, a division of Federated Department Stores, Inc., and Dow Jones & Company, which publishes The Wall Street Journal and Barron's. Gyricon Media is planning additional pilot tests later this year. Gyricon Media has also reached an agreement in principle with Xerox Global Services, a division of Xerox Corporation, as a sales and marketing alliance partner. Using its consultative approach to help clients redefine processes, and create and share information, Xerox Global Services is well positioned to sell and support Gyricon Media's unique network signage solutions to the retail industry. About Gyricon Media, Inc. Gyricon Media Inc. is the leading provider of SmartPaper" media and integrated network signage solutions The company develops and markets three primary technologies: SmartPaper" is a reusable display material similar to regular paper, but is electronically writeable and erasable. MaestroWare" is enterprise software for the professional design, wireless transmission and real-time management of dynamic screen display and advertising. MaestroSign" Systems is a combined software / hardware solution for retailers that seamlessly "syncs" store planograms, display signage and POS databases providing unprecedented flexibility and control. Gyricon Media Inc. is a private company, spun off from Xerox in 2000. Gyricon Media is headquartered in Ann Arbor, Michigan, with offices in Boston, Massachusetts and Palo Alto, California. Additional information about Gyricon Media Inc. and its integrated solutions can be found at gyriconmedia.com. ### |
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