PrintDreams Wins the 2006 Innovation & Technology Award

PrintDreams Wins the 2006 Innovation & Technology Award

May 10, 2006

    KISTA, Sweden, May 10 /Xinhua-PRNewswire/ -- In a
contest held last week, which was entered by startup
companies from across the region and sponsored by
organizations such as Stockholm Innovation & Growth,
the Royal Institute of Technology and others, PrintDreams
won the prestigious 2006 Innovation & Technology
Award.

    One of the main criteria used by the jury was the level
of innovation shown by participating companies. This
criteria was certainly met by PrintDreams, backed by its
extensive patent portfolio of over 20 patents and patent
applications, plus a technology that turns the conventional
concept of 'printing' on its head. Sales performance was
another important criteria and again PrintDreams had no
problem meeting this requirement, due to the license
agreements it has signed with large global corporations and
the strong, successful sales of its first commercial product
featuring PrintDreams proprietary RMPT(TM) technology.

    "With a total belief and faith in its invention,
which only a truly 100% entrepreneurial company can show,
PrintDreams delivers a solution with great market
potential. This is achieved through a carefully planned and
well executed business model, driven by a structured and
motivated team," stated the jury, which was unanimous
in its decision to give PrintDreams the Award.

    PrintDreams participated in a one-day exhibition, which
was linked to the award event. The company used this
opportunity to display the first commercial implementation
of its technology; a new handheld printer known as the
Xyron(R) Design Runner(TM) which uses a product concept
originally developed by PrintDreams. The product is a
first-of-its-kind handheld printer that bridges the gap
between digital and traditional crafting. It was launched
in the U.S. market at the beginning of the year where it
became an instant sales success.

    Visitors to the event were given a real-life
demonstration of what PrintDreams technology can offer the
end user. This includes the ability to print directly onto
a variety of materials such as fabric, wood, cardboard,
wallpaper and other surfaces.

    Besides flexibility, small size is another key feature,
which was valued highly by visitors, especially those who
were first-time users. Many were surprised that this
portable printer fits easily into the palm of a hand.

    The company was also awarded 'The visitor's favorite'
prize initiated by the Swedish technology magazine
NyTeknik, one of the main sponsors of the event. For this
award visitors were asked to vote for their favourite
exhibitor. The unique features of the Xyron Design Runner
combined with a live demonstration of this exciting and new
way of printing were the most likely reasons for winning
this second award.

    All in all, PrintDreams banked 200 thousand Swedish
kronas in prize money. In relative terms this prize
represents a small proportion of the company's now rapidly
growing turnover, however it is gratefully received,
because it will help to further strengthen the company's
financial position for the upcoming expansion phase.

    "On behalf of our dedicated team, I'm proud to see
us receive recognition of the hard work we have put in to
our company and technology," says the founder and CEO
of PrintDreams, Alex Breton. He went on to say, "This
award will encourage us to speed up our programme of new
product releases and is an important event in PrintDreams
track record as well as for everyone involved in our
projects."

    About PrintDreams

    PrintDreams is a high technology company, which
develops, markets and sells license rights for innovative
technical solutions, mainly for the printer industry. The
company has developed, amongst others, the RMPT(TM)
technology which allows the manufacture of truly portable
printer devices thus making them suitable for mobile
applications.

    Other advantages of the RMPT technology are its high
level of flexibility, as it allows printing in almost any
type and size or format or surface and its cost
effectiveness, because hundreds of mechanical parts are
replaced by intelligent software based control systems.
PrintDreams has also developed the world's foremost
accurate optical navigation sensor called OptoNav(TM). This
sensor will be used for more advanced printer products that
the company is currently industrializing. To find out more
about the company and its technologies please visit:
http://www.printdreams.com .

    For more information, please contact:

     Alex Breton, CEO & Chairman,
     PrintDreams AB, 
     Tel:     [phone]
     Mobile:  [phone]
     Email:   [e-mail]

SOURCE  PrintDreams