Standard Register (NYSE: SR) has announced plans for a new national Center of Excellence for digital printing, kitting and distribution in Jeffersonville, Ind., which is in the greater Louisville, Ky. metropolitan area. This new 335,000 square foot center will provide Standard Register customers more flexible delivery options and improved speed-to-market for communications products, services and solutions.
The Indiana Economic Development Corporation offered Standard Register EDGE (Economic Development for a Growing Economy) tax credits and a training grant from the Skills Enhancement Fund in support of the project along with enterprise zone investment deductions from the River Ridge Development Authority.
“Standard Register’s $10 million investment in this new Center of Excellence allows us to operate more efficiently, advance our digital printing capabilities and leverage the deep capability of the local workforce to better serve our customers,” said Joseph P. Morgan, Jr., president and chief executive officer.
The new Center of Excellence, which is expected to be operational early in the third quarter of 2013, will leverage industry-leading technologies for advanced color management, planning and scheduling, and workflow management. The center will also offer distribution and kitting services similar to other Standard Register facilities including secure storage areas, order fulfillment, track and trace, and kitting, while also utilizing RF scanning, bar-coding, and RFID technology. The center’s proximity will provide easy access to United Parcel Service’s (UPS) Worldport, the world’s largest fully automated package handling facility. The combination of capabilities, technology, processes and location will allow Standard Register to meet customers’ current and evolving business requirements.
To take full advantage of the enhanced capabilities and support customer requirements, some operations from existing Standard Register facilities will be transferred to the new center. The company will maintain local presence in the current manufacturing and distribution network to meet customer needs.
About Standard Register
Standard Register (NYSE: SR), celebrating 100 years of innovation, helps its customers optimize enterprise workflow and adapt to the rapidly-changing communications landscape with a portfolio of printed and digital communications and marketing solutions. In an environment where communication is more interactive than ever, faster than ever, delivered through more channels than ever and with results more measurable than ever, Standard Register provides value with industry-specific insights and by developing, executing and analyzing compelling communications campaigns to engage with targeted audiences. More information is available at http://www.standardregister.com.
Safe Harbor Statement
This press release contains forward-looking statements covered by the Private Securities Litigation Reform Act of 1995. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results could differ materially from the Company’s current expectations.
Factors that could cause the Company’s results to differ materially from those expressed in forward-looking statements include, without limitation, our access to capital for expanding in Core solutions, the pace at which digital technologies erode the demand for certain legacy products, the success of our plans to deal with the threats and opportunities brought by digital technology, results of cost containment strategies and restructuring programs, our ability to attract and retain key personnel, variation in demand and acceptance of the Company’s products and services, frequency, magnitude and timing of paper and other raw material price changes, the timing of the completion and integration of acquisitions, general business and economic conditions beyond the Company’s control, and the consequences of competitive factors in the marketplace, including the ability to attract and retain customers. The Company undertakes no obligation to revise or update forward-looking statements as a result of new information, since these statements may no longer be accurate or timely. For more information, see the Company’s most recent Form 10-K and other filings with the Securities and Exchange Commission.
Investor and media contact:
Carol Merry, 614-383-1624