Scientific Games Inaugurates New Custom-built Press
NEW YORK/MONTREAL—April 19, 2010—Scientific Games (Nasdaq:SGMS - News) announced the inauguration of a new state-of-the-art inline printing press "MP1" at its 140,000 square foot Montreal, Quebec facility. The press, designed and custom-built to the company's specifications, will be capable of producing up to 8 billion (2x4" equivalents) instant tickets per year, increasing the facility's previous annual capacity of approximately 3 billion units.
This inauguration was commemorated with a ribbon cutting ceremony attended by the Minister of Finance of Quebec, Raymond Bachand; President and CEO of Loto-Quebec, Mr. Alain Cousineau; and the Chairman of Scientific Games, Mr. A. Lorne Weil.
"Scientific Games has been driving results for lotteries for almost 40 years through innovation and partnership with customers around the world," said Lorne Weil, Chairman of Scientific Games. "From the introduction of the first secure instant lottery ticket in 1974, to the debut of this new state of the art printing press, Scientific Games has consistently been at the forefront of delivering business solutions to help lotteries responsibly increase sales and net revenue for good causes."
"We were very proud and honored Scientific Games selected us for the initial press run to acknowledge our two organizations' 40-year business partnership," added Alain Cousineau, President and CEO of Loto-Quebec. "Over the years, Loto-Quebec has greatly benefited from the consistent quality of the billions of tickets produced in Montreal by one of the finest printers in the world."
"Scientific Games has been a great partner and a respected corporate citizen of Quebec over the years. The investment in this new press of approximately $20 million CAD is a great example how Scientific Games continues to exhibit tremendous commitment to Quebec's employment, technological and economic growth," said the Minister of Finance of Quebec, Raymond Bachand.
Integral to the new press installation, Scientific Games is also advancing two complementary initiatives as part of the Company's corporate sustainability program. The facility will now use water-based inks only, which will eliminate solvents, chemicals and hazardous waste treatment and removal processes. Also, a new shredder, already installed and operational, will allow for the recycling of paper waste, instead of having to send it to a landfill for disposal.