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Pitney Bowes Thanked by U.S. Postal Service for Delivering Advanced Technology to the Marketplace
STAMFORD, Conn.--(BUSINESS WIRE)--July 14, 1999--
Company Recognized for Leadership in Helping Mailers Transition to Electronic & Digital Technology
Pitney Bowes Inc. (NYSE: PBI) today received a special award from
the U.S. Postal Service in recognition of the company's success in
transitioning customers to advanced postage metering technologies. The
award was presented to Pitney Bowes Chairman & CEO Michael J. Critelli
by Pam Gibert, Vice President, U.S. Postal Service, Retail Operations
at a ceremony held at Pitney Bowes World Headquarters in Stamford.
In just over three years, Pitney Bowes has converted 98 percent
of its installed postage meter unit base to electronic or digital, as
compared to 49 percent at year-end 1995. The company is also leading
the way in providing the next generation of metering solutions, with
digital systems comprising 40 percent of its meter unit base.
"Pitney Bowes and the Postal Service have a long history of
working together to provide high value solutions to mailers of all
sizes. We are pleased to be recognized for our role in the migration
to more advanced postage metering technologies," said Mr. Critelli.
"Our commitment to the ongoing delivery of productivity enhancing
technology to the marketplace is reflected in our steady investment in
research and development, which topped $100 million in 1998.
Innovations in mail processing help our customers operate more
efficiently and stay competitive in today's global marketplace."
Pitney Bowes is a $4.2 billion global provider of informed mail
and messaging management. For more information about the company,
visit www.pitneybowes.com.
--30--jrw/ny*
CONTACT: Media - Sheryl Y. Battles
Executive Director, External Affairs
(203) 351-6808
Financial - Charles F. McBride
Executive Director, Investor Relations
(203) 351- 6349
KEYWORD: CONNECTICUT
INDUSTRY KEYWORD: PHOTO PHOTOWIRE COMPUTERS/ELECTRONICS COMED
GOVERNMENT
PHOTO: bw3