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Pitney Bowes Names Winner of its Seventh Annual Inventor of Year Award
Postage Meter Initialization
Pitney Bowes Inc. (NYSE: PBI) today announced that a team of three employees was honored with the company's 1998 Inventor of the Year Award during a dinner held at Pitney Bowes World Headquarters in Stamford. Eileen Eddy, Dale French and Iris Kishimoto were recognized for their work in developing a method to remotely enable the operation of value metering devices, such as postage meters. The invention, for which Pitney Bowes received a U.S. patent in 1998, helps customers and Pitney Bowes save time and money by streamlining the process for activating a postage meter and enabling remote meter activation.
"The winning invention is one of the many examples of how Pitney
Bowes continues to revolutionize the mailing industry with new and
innovative technology to help our customers manage their mail and
messaging needs more efficiently and effectively," said Michael J.
Critelli, Chairman and Chief Executive Officer, Pitney Bowes. "This
year's winning team also reflects Pitney Bowes' core value that a
diverse workforce is the most strategic way for Pitney Bowes to
realize its business objectives and achieve maximum results. Pitney
Bowes' 1999 Inventor of the Year award is a testament to our tradition
of innovation and our longstanding diversity heritage."
Pitney Bowes' annual Inventor of the Year Award, now in its
seventh year, recognizes the achievements of its technology community
and the importance of innovation to the company's success. Each year,
a panel of judges reviews all of the patents issued to Pitney Bowes
inventors during the previous year and selects the winner from these
patents. The award is presented to the inventor or team of inventors
whose patent exhibits significance and value to Pitney Bowes'
technology, business and stockholders. The winner or winning team is
honored at a gala dinner celebration and receives special recognition.
Details about the invention are displayed in corporate headquarters
and featured in the company newsletter.
With more than 3,000 patents worldwide, Pitney Bowes is renowned
for numerous inventions and improvements in mailing and paper handling
technologies and is the inventor of many of the innovative
technologies used in computer and virtual metering. 1998 was a record
year for patents issued to Pitney Bowes in the United States with 124
new patents - a 44 percent increase over 1997.
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.
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CONTACT: Pitney Bowes Media Relations
Alicia Sherry, 203/351-6477
sherryal@pb.com
KEYWORD: CONNECTICUT
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED TELECOMMUNICATIONS