Delphax Technologies Announces Workforce Reduction and Estimates for Fourth Quarter

“While a workforce reduction is a step we take reluctantly, we believe it is a step we must take to carry out our business plan and position us for a return to profitability,” said Dieter Schilling, president and chief executive officer. “The workforce reduction will lower our costs by over $3.0 million for fiscal 2007. We are focusing our sales efforts and resources on those segments of the market where our proprietary digital printing technology gives us a competitive advantage or can be adapted to customer needs to create an advantage.”