News release

Ricoh named in Top 100 Global Innovators list
December 17, 2012

Ricoh New Zealand's parent corporation, Ricoh Company Ltd, has been named as one of the 2012 Thomson Reuters Top 100 Global Innovators.

The list honors 100 corporations and institutions around the world “that are at the heart of innovation".

Ricoh New Zealand Managing Director Mike Pollok says the Ricoh brand is built on innovation, which is the key ingredient for business success today and in the future.

That view reflected in the Thomson Reuters financial analysis which shows the organizations in the 2012 Top 100 Innovators List outperforming the Standard & Poor’s 500 by 3% in their market cap weighted revenue (15% versus 12%).

"We are delighted that Ricoh Group has been included in the list because it reinforces the importance of innovation and recognizes that Ricoh practices what we preach," Pollok says. "Innovation is not only the key to greater profitability but also the key to business survival. Organisations that can continuously improve and adapt to change will survive. Bluntly, those that are inefficient and can’t deal with the technology revolution will fade or die."

Criteria for the Top 100 Global Innovators list are patent related to reflect innovative products and services, and Pollok says Ricoh New Zealand is playing its part.

"This year our National Service Division developed RIFLE (Ricoh's Intelligent Fault Logging Engine), a unique locally developed online system which has improved service efficiency for both Ricoh New Zealand and its clients. RIFLE has received praise and interest globally from within the wider Ricoh Group."

Pollok credits Ricoh New Zealand’s ethos of innovation with countering the current economic conditions to make 2012 a year of record profits. Ricoh was traditionally a supplier of business machines but in recent years has moved to become a provider of value-adding business solutions. The company adds value for its customers by understanding their business, helping them to imagine future possibilities and changing through innovation in document and IT solutions.

Ends

About Ricoh
Ricoh is a global technology company specializing in office imaging equipment, production print solutions, document management systems and IT services.

Ricoh New Zealand Ltd is a wholly owned subsidiary of Ricoh Company Ltd, Japan. The company’s New Zealand head office is located in Auckland, with six branch offices and a national network of 14 dealers providing sales, service and support in all areas of the country. Under its corporate tagline, ‘imagine. change.’ Ricoh helps companies to transform the way they work by harnessing the collective knowledge and ideas of their employees.

For media information please contact:
Simon Roche
Senior Account Director
Wright Communications
Phone: 09 366 2457 or 0272 692 876 Email: simon@wrightcommunications.co.nz