News Release

OAKDALE, Minn.--(BUSINESS WIRE)--Sept. 6, 2001--

Advancing the color capabilities of its customers' digital printing and proofing workflows, Imation Corp. (NYSE:IMN) today announced version 2.0 of its Matchprint(TM) Professional Server software. Imation Matchprint Professional Server V2.0 software adds support for the Xerox DocuColor(R) 12 LP (laser printer) and offers more flexible calibration using an optional scanning spectrophotometer. In addition, the new version incorporates the image quality and productivity improvements of V1.2 released in August.

The upgraded Matchprint Professional Server V2.0 software enhances output flexibility and speed for content creators, prepress and print professionals. Combining the imaging strength of the DocuColor 12 with the color management and throughput of the Imation color raster image processor (RIP), the system produces high-quality comps, proofs and prints -- consistently and accurately. Simulating Imation's industry-standard Matchprint color proofing system or their own ICC-specified color targets, the Matchprint Professional Server and Xerox DocuColor 12 compliment the versatility and needs of each customer's workflow. New features for Matchprint Professional Server software v2.0 include:

More Flexible Calibration: The ability to calibrate the DocuColor 12 printer/copier and DocuColor 12 LP (laser printer), using a fast and accurate Spectrostar Spectrocam scanning spectrophotometer.

Improved Black Channel Printing: The ability to deliver single color black printing in text and image areas within color documents.

Grayscale Printing: The ability to deliver black-only printing at or near rated engine speeds - improving printer productivity.

DCS 2 Support: The ability to print DCS 2 single part files using hot folders or spoolers, enabling a faster and easier proofing process.

In July 2001, the Imation Matchprint Professional Server and Xerox DocuColor 12 printer/copier with the Imation-Xerox co-branded color laser proofing media was named the first printer/copier and the first xerographic system to meet the publishing industry's Specifications for Web Offset Publications (SWOP(R)) certification. The Imation-Xerox solution now offers new benchmarks for low cost - both for the system itself and for the proofs it creates - and for fast turnarounds among SWOP-certified systems.

Recently, the Imation Matchprint Professional Server also received the prestigious Graphic Arts Technical Foundation GATF InterTech(TM) Technology Award. The award was one of nine given this year honoring innovative excellence for advanced technologies in the graphics arts and stands as a prediction that the recipient technology will have a major impact on the industry production and profitability.

The Imation Matchprint Professional Server V2.0 software will be available in the fourth quarter and will be offered as a free upgrade to existing customers. For more information about the software and upgrades, please visit www.imation.com, or call toll free at 888.466.3456.

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 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 license its color management technologies in strategic OEM initiatives.

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.

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 that are migrating from analog to digital systems.

As of June 30, 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

• 1.888.IMN.NYSE (1.888.466.6973).

Imation, the Imation logo and Matchprint are trademarks of Imation Corp. All other trademarks are the property of their respective owners.

NOTE TO EDITORS: A photo of the Matchprint(TM) Professional Server is available for downloading on the Imation Web site, www.imation.com or by calling Sheila Bode at 651-704-3261 or by email to skbode@imation.com.

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