OAKDALE, Minn.--(BUSINESS WIRE)--Sept. 26, 2001--Imation Corp.
(NYSE:IMN), a worldwide leader in data storage and information
management, today announced it received the prestigious "Best Retail
Strategy" award at RetailVision(R) Fall 2001, September 4-7, at the
Walt Disney World Dolphin Hotel in Lake Buena Vista, Florida. Imation
also was nominated for five additional "Best of RetailVision" awards
recognizing outstanding successes in the retail channel. RetailVision
is a business-focused channel event produced by Vision Events(R), a
Gartner, Inc. (NYSE:IT and ITB) company.
While presenting this award, officials recognized Imation's use of
technology innovation and leadership in multi-channel retail
strategies. Winning companies were voted on by more than 200
retail-buying executives after previewing, reviewing and learning
about new technologies, products and merchandising programs in private
boardroom appointments. For the past 12 years, the "Best of
RetailVision Awards" have been acknowledged as the computer retail
channel's leading honors.
This award comes on the heels of two channel-specific awards
Imation received earlier this year in recognition of its recent
successes in both the retail and e-tail sales channel. Imation
received the "International Vendor of the Year" award presented by
Office Depot at the Office Depot 2001 International Sales Meeting and
Vendor Show, Feb. 23-25 in Nashville, Tenn. During the
e-tailVision(TM) event in Coronado Island, Calif., Feb. 11-13, Imation
received the "Best of e-tailVision" award in the category of Best
"This is an exciting time for Imation," said Steve Carter, vice
president and general manager, Imation's Personal Storage Solutions
Business. "Receiving recognition at not just one but three major
industry events this year supports Imation's commitment in excellence
to our worldwide channel partners and our continued dedication to
provide high-quality, innovative products and solutions to our
About Vision Events
Vision Events, a Gartner company, is a leading producer of highly
focused channel Events that bring together the leading Vendors and
Resellers in private boardroom appointments to form strategic
partnerships and secure new business in the technology sector.
Additional information about Vision Events can be found on the
Internet at http://www.visionevents.com.
Gartner, Inc. is a research and advisory firm that helps more than
10,000 clients understand technology and drive business growth.
Gartner's divisions consist of Gartner Research, Gartner Consulting,
Gartner Measurement and Gartner Events. Founded in 1979, Gartner, Inc.
is headquartered in Stamford, Connecticut and consists of 4,600
associates, including 1,400 research analysts and consultants, in more
than 80 locations worldwide. The company achieved fiscal 2000 revenues
of $855 million. For more information, visit www.gartner.com.
About Imation Corp.
Imation Corp. is a $1.2 billion global company widely recognized
as a leader in removable data storage and color image management.
Imation removable data storage offerings are a key ingredient in
much of the world's technology infrastructure - from corporate data
centers, to networks, to small businesses and home users. The product
line is one of the broadest in the industry, with magnetic and optical
products for the enterprise data center, the network environment, and
the consumer. For business users, Imation magnetic tape cartridges
deliver reliable data storage in data processing, backup and archive
applications. Imation's storage consulting services help customers to
improve performance, maximize efficiency, and minimize cost for a
multitude of storage environments. Consumers use Imation's broad range
of digital media, drives and accessories to store photos, data, music
and more. On its own and through industry alliances, Imation continues
to pioneer today's proven tape, optical and diskette technologies.
Data storage revenues were $866 million in 2000.
Imation Color Technologies provides innovative proofing products,
software for digital color control and value-added services that
reduce cycle times and increase throughput for the graphic arts,
creative, marketing communications, office and Internet markets.
Building upon its industry-standard Matchprint proofing system,
Imation now offers a wide range of digital and conventional
Matchprint-branded systems to help professionals ensure accurate color
reproduction from concept to final output. Imation works with a
growing number of industry partners to embed its color calibration
technology in OEM printing and copying devices. Color Technologies
revenues were $273 million in 2000.
Imation Digital Solutions and Services (DSS) is focused in two
areas - OEM Services and Document Imaging. Imation DSS services
wide-format color and imaging equipment through relationships with
large OEMs. In Document Imaging, Imation DSS is a system integrator
for customers with wide-format engineering document imaging systems
who are migrating from analog to digital systems. DSS revenues were
$94 million in 2000.
As of March 31, 2001, Imation employed approximately 4,200 people
worldwide. The Company has sales in over 60 countries with
international revenues contributing 45% of total sales. Additional
information about Imation is available on the Company's website at
http://www.imation.com, or by calling Imation at 1.888.466.3456. To
receive recent news releases, corporate information and related
shareholder services, call Imation's shareholder information line at
Certain information contained in this news release which does not
relate to historical financial information may be deemed to constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements are subject
to certain risks and uncertainties that could cause the Company's
actual results in the future to differ materially from its historical
results and those presently anticipated or projected. Among these
factors are the Company's ability to meet its cost reduction and
revenue growth targets, its ability to implement its restructuring
program on a timely basis and to achieve the projected benefits, its
ability to introduce new offerings in a timely manner, the competitive
pricing environment, foreign currency fluctuations, the ability of
Imation to secure adequate supply of certain high demand products, the
ready availability and price of energy, the market acceptance of newly
introduced product and service offerings, the rate of decline for
certain existing products as well as various factors set forth in the
Company's filings with the Securities and Exchange Commission.
||Imation Data Storage & Information Management, Oakdale
||Jennifer Finzen, 651/704-3558
||Sarah McNeil, 612/573-3124