Specialty Toner Closes Shop
"An incredibly exciting and fast-moving 18 years"?
In 2002, STC formed a partnership with 3M. The partnership's goal was to help transition vinyl customers as well as new customers to dye-sublimation technology, but "the transition did not take place in a timely manner with justifiable revenues," says Bhattacharya, STC president and CEO. "Consequently, STC had no option but to withdraw from the toner market." "
"It has been an incredibly exciting and fast-moving 18 years. We have seen the digital printing market grow from less than $1 million to $20 billion. Very rarely does an individual or company get a chance to truly participate in an industrial revolution. We at STC are extremely proud to have had the drive, passion, and innovation to have been a key player," says Bhattacharya.
Some STC highlights over the years:
1989: STC joins forces with software expert Harry Bowers to establish Cactus, which introduces a turnkey wide-format digital printing system (Xerox/Versatec 44-in. electrostatic printer, Sharp flatbed scanner, Cactus software, and STC toners).
1991: STC introduces UV toners and"?along with Cactus, Rexam, and Gannet Outdoor"?co-produces a digital paper billboard outside of Newark Airport.
1992: STC begins application and development program and training/application support program.
1996: 3M purchases Cactus; STC sold to a group of investors.
1998: STC introduces turnkey dye-sub system utilizing RGI DCS5442 e-stat printer and STC dye-sub toners. STC opens 7000-sq-ft Application Gallery to promote dye sublimation.
2001: Dream Interiors division created to pursue applications in the custom interior-design arena.